Bankware Global Q2 2025 Earnings and Key Challenges
Bankware Global reported consolidated revenue of KRW 29 billion, an operating loss of KRW 26.3 billion, and a net loss of KRW 28.6 billion for the first half of 2025, continuing its poor performance trend. Declining sales in professional services and application management services, coupled with struggling overseas operations, are significant concerns. While its high R&D spending (9.16%) could be positive in the long term, it contributes to short-term profitability issues. The debt-to-equity ratio stands at 198.81%, raising concerns about financial stability.
Key Takeaways from the IR Meeting and Investor Action Plan
Investors should focus on the following key aspects discussed in the IR meeting:
- 1. Q2 2025 Earnings and Future Outlook: Concrete plans and a clear outlook for slowing the revenue decline and improving profitability are crucial.
- 2. Overseas Turnaround Strategy: A clear roadmap for restructuring loss-making overseas subsidiaries in Japan and Southeast Asia and achieving profitability is essential.
- 3. New Business Growth Vision: The company needs to present a detailed business model, market competitiveness, and monetization strategy for its new STO and blockchain-based ventures.
- 4. Efficient Use of Funds: Explanation of the efficient execution and performance of funds raised through the IPO is necessary.
Investors should consider the company’s potential for fundamental improvement and the growth potential of its new businesses based on the information presented in the IR meeting to formulate their investment strategies.