1. Kona I Q2 Earnings: Key Highlights

Kona I announced preliminary Q2 2025 earnings with revenue of KRW 67.2 billion, operating profit of KRW 17.2 billion, and net income of KRW 15.6 billion. All figures represent an increase from the previous quarter, driven by the recovery of the platform business and continued growth in high-value products.

2. Drivers of Growth: Platform Rebound and High-Value Products

Two main factors contributed to this improved performance. First, the platform business rebounded due to the mitigating impact of local currency budget cuts and the initial success of overseas payment service expansion. Second, sales of high-value products like metal cards and fingerprint cards continued to grow, boosting both revenue and profitability. Efficient cost management, maintained from Q1, also played a positive role.

3. External Environment Analysis: Solid Performance Despite Rising Interest Rates

While rising interest rates in the US and Korea could have increased financing costs, Kona I’s robust financial health limited the impact. Fluctuations in exchange rates and raw material prices also had a minimal effect on performance.

4. Future Growth Drivers: Opportunities and Risks in New Businesses

The progress of new businesses like the blockchain-based commerce platform, TSM-based information sales service, and MVNO business remains uncertain. However, these ventures hold the potential to become future growth engines for Kona I. Careful monitoring of external factors such as market competition, government regulations, and technological advancements is crucial.

5. Investor Action Plan: Thorough Analysis and Prudent Investment

While Kona I’s Q2 results are encouraging, investors should carefully consider several factors before making investment decisions. Reviewing the detailed Q2 earnings report upon its release and continuously monitoring the progress of new businesses and changes in the competitive landscape are essential.