Xecure Returns to Profit Last Year, Proving Structural Improvement with Performance Rebound

Smart card and security solutions company Xecure announced on March 27 that it has returned to profitability on a standalone basis in the previous year, signaling a normalization of management operations.

According to the business report, Xecure’s standalone revenue was approximately KRW 18.5 billion, representing an increase of about 72% compared to around KRW 10.7 billion in 2024.

Profitability also showed significant improvement. While Xecure recorded a net loss of about KRW 16.4 billion in 2024, last year it achieved a net profit of approximately KRW 1.56 billion, successfully turning a profit. This achievement is attributed to the expansion of its security solutions business, including smart cards, the strengthening of platform services, and enhanced internal management efficiency.

By business segment, the DX (Digital Transformation) business drove growth. Revenue from existing security products, including 4G·5G telecommunications and financial USIMs, surged from KRW 8.1 billion in 2024 to approximately KRW 15.9 billion last year, accounting for 84.6% of total revenue.

The mobile payment and USIM security platform development services segment also expanded from KRW 1.9 billion in 2024 to about KRW 2.6 billion last year, establishing itself as a stable source of income. In addition, new revenue was generated from the asset management services sector starting last year, laying the foundation for business diversification.

This improvement in performance is largely attributed to increased USIM supply due to the expansion of 5G services by domestic mobile carriers. Xecure supplies NFC USIMs to SKT and KT, maintaining the number one market share in Korea based on supply volume.

A company representative stated, "We plan to continue expanding new businesses such as remote management systems for IoT devices based on communication security and connectivity technologies," adding, "We aim to sustain our growth momentum following our return to profitability in 2025."

This content was produced with the assistance of AI translation services.