1. Neible (153460) H1 2025 Earnings: What Happened?

Neible reported KRW 3.6 billion in revenue, KRW 500 million in operating profit, and KRW 600 million in net profit, marking a successful return to profitability. This ‘earnings surprise’ significantly exceeded market expectations, demonstrating remarkable growth in both revenue and profit compared to the same period last year.

2. Behind the Surprise: Why These Results?

Key drivers for this turnaround include the growth of the 5G private network business and the full-fledged launch of new AI ventures. Government support for 5G private networks and successful deployments, such as the Idae Mokdong Hospital project, fueled Neible’s growth. Furthermore, the launch of the generative AI-based ‘SmartPatent’ solution raises expectations for future AI business expansion.

  • Core Business: 5G smart network, MCPTT, Enterprise VoIP, AIoT solutions
  • Growth Drivers: 5G private networks, AI business expansion, entry into the entertainment business

3. Financial Status and Cash Flow Analysis: What’s Next?

Neible maintains a stable financial structure with a low debt ratio and increasing capital. However, cash outflow due to investment activities requires continuous monitoring. The negative operating cash flow is also a point to note.

4. Action Plan for Investors: What to Do?

While Neible’s H1 2025 earnings are positive, some risk factors exist. Investors should carefully consider cash outflow from investments, reliance on government subsidies, and uncertainties in the macroeconomic and competitive landscape. Closely monitoring sales and profit growth in 5G private networks and AI ventures, as well as the performance of the new entertainment business, is crucial. While a ‘buy’ consideration is suggested, investors should be prepared for short-term volatility and focus on monitoring mid-to-long-term business performance.