GenieN Achieves Record First-Half Results on Surging AI Security Demand... Operating Profit Up 294% Year-on-Year

On August 4, GenieN (263860) announced that it achieved its highest-ever first-half results since its founding, driven by the expanding demand for artificial intelligence (AI)-powered cyber security.

On a consolidated basis, first-half 2026 sales reached KRW 24.92 billion, a 19.9% increase compared to the same period last year. Operating profit soared 294.3% year-on-year to KRW 4.31 billion, marking significant growth.

The company explained that, in addition to the growth of its network access control (NAC) and endpoint detection and response (EDR) businesses, the expansion of security-as-a-service operations, such as cloud NAC and managed detection and response (MDR), contributed to both sales growth and improved profitability.

GenieN added that, following a major hacking incident last year, demand for EDR increased, and securing clients that have deployed both antivirus (AV) and EDR has also contributed to improved performance. Its next-generation network separation solution, "Genian Home," launched earlier this year, recorded notable results by securing large-scale apartment complexes in the Seoul metropolitan area as its first customers. The company expects to maintain its positive performance trend in the second half of the year, as growth in existing flagship products aligns with achievements in new businesses.

By business segment, the NAC division grew on the back of increased orders for new installations and upgrades from public institutions and major private corporations. Sales from small and mid-sized businesses (SMBs) also more than doubled from the same period last year, further expanding the customer base.

The EDR segment maintained its number one spot in the public procurement market for the seventh consecutive year and continued to lead in the first half of 2026. The company also secured new orders for installation and maintenance contracts from large corporations and financial institutions.

Security-as-a-service also maintained an upward trajectory. The number of cloud NAC customers exceeded 299, representing a 26% increase from a year earlier, while MDR service customers—targeted at companies lacking in-house security personnel—more than doubled year-on-year. International business showed notable growth, with sales in the Middle East increasing by over 50% and the accumulated number of overseas corporate clients surpassing 200.

The company noted that as cyber threats grow increasingly sophisticated, including autonomous hacking and fileless ransomware enabled by generative AI, real-time proactive defense is becoming more critical than reactive measures. Consequently, demand for integrated security platforms combining EDR and zero trust network access (ZTNA) is expected to remain strong through the remainder of the year.

GenieN is also accelerating efforts to secure future growth engines. The company has completed core technology development for a "Quantum Security Gateway" that applies quantum-resistant cryptography (PQC) to zero-trust architecture, aiming for its release within the year. Building on this, GenieN plans to target next-generation quantum security markets, including sectors such as AI, cloud computing, and autonomous driving.

GenieN CEO Lee Dongbeom commented, "In an environment where AI-driven cyber threats are becoming more intelligent and automated, we have earned market trust based on both our technological competitiveness and results. We will continue to pursue our AI advancement roadmap without disruption, secure next-generation technologies such as quantum security, and achieve sustained growth in the second half."

This performance is significant in that not only have existing NAC and EDR businesses and security-as-a-service operations grown together on the back of increased AI-based cyber security demand, but the company has also strengthened its foundation for future growth by securing new quantum security technology.

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