Suseong Webtoon: Operating Profit Reaches 2.3 Billion Won in H1 2026, Returns to Net Profitability

Suseong Webtoon successfully returned to profitability in consolidated net income for the first half of this year, driven by cost efficiency measures and improvements to its financial structure. Industry observers note that the company has entered a full-scale transformation, raising profitability while maintaining sales volume.

On August 14, Suseong Webtoon announced that its consolidated sales for the first half of this year came to 47.2 billion won, with operating profit at 2.3 billion won and net profit for the period at 150 million won.

Operating profit increased by 7.2%, from 2.1 billion won in the same period last year to 2.3 billion won this year. In contrast, net profit for the period swung from a loss of 320 million won last year to a profit this year.

The improvement also continued on a quarterly basis. Consolidated operating profit for the second quarter was 1.8 billion won, and net profit reached 830 million won, marking a return to profitability. While the first quarter showed a 680 million won net loss, profitability improved significantly in the second quarter.

Cash flow generation remained robust, with earnings before depreciation and amortization (EBITDA) for the first half at approximately 8.5 billion won and the EBITDA margin at 18% on a consolidated basis.

The company’s financial structure has also improved. Consolidated cash and cash equivalents increased from 6.3 billion won at the end of last year to 7.9 billion won at the end of the reporting period, while current liabilities declined compared to year-end. As of the end of the first half, consolidated total assets stood at 174.1 billion won and total equity at 79.5 billion won.

Notably, the company fully repaid its existing convertible bonds in July, further reducing financial burdens. Suseong Webtoon explained that the repayment decreased interest and redemption obligations, and by eliminating the possibility of future dilution from stock conversion, the company has alleviated concerns of an overhang in the capital market.

A Suseong Webtoon official stated, "The key achievement in the first half was boosting profitability while maintaining stable sales. We will continue our efforts to optimize costs and improve the financial structure, steadily maintaining consolidated profitability and enhancing corporate value."

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