1. CI Tech H1 2025: What Happened?

CI Tech recorded consolidated revenue of KRW 15.9 billion, operating profit of KRW 900 million, and net income of KRW 900 million in H1 2025, marking a return to profitability. However, revenue from the IT business segment decreased by approximately 38% year-on-year. Meanwhile, the company actively pursued business diversification by entering the AI healthcare platform and PA system businesses and resolving to merge with Mody. Additionally, CI Tech issued convertible bonds worth KRW 300 billion to secure funds.

2. Reasons for Profitability and Growth Drivers

The company’s return to operating profit through cost reduction efforts is a positive sign. Entering the AI healthcare and PA system markets are strategic choices to secure future growth engines, with high long-term growth potential. The merger with Mody is expected to strengthen the business portfolio and create synergy effects.

3. Key Considerations for Investors

While there are positive aspects, the continued decline in revenue from the IT business segment remains a challenge. New businesses are in their early stages, so their contribution to short-term earnings may be limited. While the issuance of KRW 300 billion in convertible bonds helps secure funding, the potential for future stock dilution due to increased shares outstanding needs to be considered.

4. Investment Action Plan

  • Short-term Investment: A cautious approach is advised, observing whether the IT business segment improves and new businesses generate tangible results.
  • Mid-to-Long-term Investment: Investment decisions can be made by focusing on the growth potential of new businesses and synergy effects from the merger. It is advisable to continuously monitor the conversion trend of convertible bonds and adjust investment proportions accordingly.