Wonik IPS has released its preliminary consolidated financial results for the second quarter of 2026 (ending June 30, 2026). The company reported a significant sequential recovery in profitability, with revenue reaching 216,472 million KRW (~$151.6M USD based on 1428 KRW/USD), representing a 31.27% increase compared to the previous quarter.
Operating profit for the second quarter was recorded at 18,383 million KRW (~$12.9M USD based on 1428 KRW/USD), a substantial increase of 71.26% from the first quarter of 2026. However, on a Year-over-Year (YoY) basis, the operating profit decreased by 49.57% compared to the 36,451 million KRW recorded in Q2 2025. Net income for the period saw a sharp rise to 89,935 million KRW (~$63.0M USD based on 1428 KRW/USD), up 225.21% YoY.
For the first half of 2026 (January 1 to June 30), the cumulative revenue stood at 381,373 million KRW (~$267.2M USD based on 1428 KRW/USD), a 4.10% increase Year-over-Year (YoY). Cumulative operating profit for the first half reached 29,118 million KRW (~$20.4M USD based on 1428 KRW/USD), remaining nearly flat with a slight increase of 0.16% compared to the same period last year.