YoungLimWon Soft Lab Co., Ltd. Posts Improved Q3 Operating Profit ... Cumulative Revenue Growth Continues

[Financial News] YoungLimWon Soft Lab Co., Ltd., a company specializing in enterprise solutions, recorded positive operating profit in the third quarter this year, up 8.6% from the same period last year.
On the 13th, YoungLimWon Soft Lab Co., Ltd. said it recorded consolidated revenue of 21.72 billion won, operating profit of 1.4 billion won and net income of 1.37 billion won in the third quarter.
The continued execution of large ERP (enterprise resource planning) projects in the third quarter contributed to revenue growth. Revenue for the quarter rose 5.6% from the same period last year, while cumulative revenue reached 63.12 billion won, up 12.2% year on year.
Cumulative operating profit was 2.2 billion won, down 40.3% from the same period last year. As the company took on more large-scale projects, related expenses, including outsourced service costs, temporarily increased and weighed on cumulative profitability. YoungLimWon Soft Lab Co., Ltd. is continuing to invest in expanding AI-powered ERP capabilities and improving internal productivity using AI, while also strengthening its cloud business to increase the share of recurring revenue.
At the end of the third quarter, the order backlog for K-System supply and implementation stood at 24.17 billion won, up about 350 million won (1.5%) from 23.82 billion won in the same period last year. Projects in the backlog are expected to be recognized as revenue in stages, depending on their progress and contract schedules.
YoungLimWon Soft Lab Co., Ltd. is enhancing the capabilities of its AI ERP, K-System Ace I&I. This year, it is offering features including “AI Auto Input,” which automatically enters information from documents and images into the ERP; “Business Briefing,” which summarizes ERP data; “Task Automation,” which handles repetitive tasks; “AI Sheet Analysis”; and “Business Insights.” The company plans to integrate AI across ERP operations to improve business efficiency and the use of data.
The cloud ERP SystemCloud for is expanding its market reach by incorporating industry-specific workflows. In HR, the company launched the AI-powered onboarding service EverWelcoming last August, extending the services of its cloud platform EverIn to cover pre-employment preparation and the initial adjustment period. EverWelcoming links HR information generated during onboarding with attendance, payroll, evaluations and collaboration functions, supporting HR management after employees join. YoungLimWon Soft Lab Co., Ltd. plans to strengthen its integrated HR services, connecting onboarding with post-hire management.
The company is also strengthening customer support in response to changes in accounting and disclosure standards. To prepare for IFRS 18 (K-IFRS No. 1118, “Presentation and Disclosure in Financial Statements”), which applies to fiscal years beginning on or after January 1, 2027, it is enhancing its ERP accounting functions and explaining key changes and system response measures at customer seminars.
In overseas markets, the company is expanding its business base, focusing on Japan and Indonesia. Its enterprise service capabilities, spanning ERP implementation, SaaS and cloud services, consulting, maintenance and operational support, have been recognized.
Kwon Young-beom, CEO of YoungLimWon Soft Lab Co., Ltd., said, “In the third quarter, we saw a recovery in performance, with revenue growth and improved operating profit.” He added, “In the fourth quarter, we will carry out the projects we have secured steadily and manage profitability across our businesses, while continuing to strengthen our AI and cloud technologies and overseas business base, turning that into growth with solid fundamentals.”

[email protected] Yeon Ji-an Reporter