ITCEN Global's Cumulative Revenue Through Q3 Reaches 7.1 Trillion Won, Setting a New Q3 Record

[Financial News] ITCEN Global announced on the 13th that its cumulative consolidated revenue for the first three quarters of this year totaled 7.1111 trillion won, up 54% from a year earlier.
Consolidated operating profit fell 15% year on year to 101.3 billion won, while net income rose 34% to 120.8 billion won, delivering solid results. This was thanks to balanced growth in the Web3 division, including Korea Gold Exchange, and the IT services division, including ITCEN CTS and ITCEN ENTEC Co., Ltd.
Operating profit in the Web3 division, which includes Korea Gold Exchange, was found to have declined recently as gold prices fell, but non-operating income increased thanks to hedging effects.
The IT services division also delivered strong results. Compared with the same period a year earlier, revenue rose by at least 13% and operating profit by at least 480%. This was underpinned by strong digital transformation business across the public and private sectors, built on a business portfolio centered on artificial intelligence (AI) and solutions. The results also reflect higher development productivity from applying proprietary AI technologies such as Intellicen Code and AgentGo to business and services, as well as increased revenue and lower costs as the customer base expanded.
The strategy is to provide stable, scalable IT infrastructure and establish the company as a key partner supporting clients' sustainable growth and innovation amid a rapidly changing technology landscape.
ITCEN Global is also pursuing a merger between Korea Gold Exchange and Korea Gold Exchange Digital Asset to generate tangible results in its Web3 business. The aim is to maximize management efficiency by drawing on the two companies' management resources and business capabilities in an integrated way to improve operational efficiency, while streamlining duplicate investments and similar operations. The merger is also expected to simplify decision-making and create synergies in organizational operations, while combining business capabilities and technology infrastructure to enable the companies to respond proactively to new business expansion and stronger market competitiveness.
After the merger, the company plans to reorganize its business portfolio under an integrated management system and expand focused investment in core businesses and strategic collaboration. It aims to secure sustainable growth drivers by improving operational efficiency in the short term and driving revenue growth and profitability improvements over the medium to long term.
Kang Jin-mo, CEO of ITCEN Global, said, "We continued to post strong results in the third quarter of 2026, thanks to balanced growth across our subsidiaries. In the Web3 business, some listing-related procedures have been delayed somewhat during consultations with relevant agencies, but the overall schedule is moving ahead without major disruption." He emphasized, "As we enter the fourth quarter, when revenue and profitability are concentrated by the nature of the business, we expect strong full-year results on the back of solid performance in the Web3 and IT services divisions."


[email protected] Yeon Ji-an Reporter