Piolink, Inc.

Piolink, Inc.

KKRX:170790
8,000.00
KRW
-20.00
(-0.25%)
1,078.03EPS
8.19P/E
54.69BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3,491.26
4,589.35
3,530.86
5,277.14
4,514
4,254.31
5,422.6
6,221.03
8,134.16
9,226.43
8,837.48
8,741.8
10,124.17
10,364.48
Basic EPS, GAAP
210
457
-415
-262
-375.52
57
868
1,667
1,672
1,818
1,583
811
1,160
1,071.2
Free Cash Flow per Basic Share
107.99
-199.45
-239.86
160.22
-2.8
-165.96
1,227.6
465.55
1,553.71
1,191.06
-665.64
714.27
1,436.17
621.21
Dividend per Share
- -
79.7
49.25
- -
- -
- -
- -
101.18
150.01
249.98
300.09
300.52
306.54
- -
Book Value per Share
5,091.46
5,358.56
5,856.37
5,524.39
5,145.09
5,162.76
5,968.12
7,790.52
9,267.85
10,862.14
12,062.99
12,495.63
13,587.98
13,103.67
Tangible Book Value per Share
4,793.99
4,912.55
5,353.02
5,057.02
4,800.22
4,603.99
5,486.79
7,474.57
8,987.39
10,597.65
11,601.22
12,029.57
13,080.28
12,598.5
Basic Weighted Avg Shares
4
5
6
7
7
6
6
6
7
7
7
7
6
6
Sales/Revenue/Turnover
15,546
23,681
22,730
35,814
29,432
27,359
35,120
39,838
54,334
61,637
59,018
58,296
65,635
66,467
Operating Margin (%)
-0.97
7.22
-10.26
1.95
-10.31
4.48
11.98
16.36
20.15
18.5
15.26
4.45
8.23
8.14
Depreciation Expense
568
743
1,019
1,371
1,375
1,096
1,235
1,383
1,453
1,373
1,438
1,590
1,676
1,661
Net Income, GAAP
935
2,358
-2,672
-1,778
-2,448
367
5,622
10,675
11,168
12,145
10,571
5,408
7,520
6,870
Effective Tax Rate (%)
- -
- -
- -
- -
- -
65.12
- -
- -
7.74
8.51
- -
- -
- -
- -
Profit Margin (%)
6.02
9.96
-11.75
-4.96
-8.32
1.34
16.01
26.8
20.56
19.7
17.91
9.28
11.46
10.34
Working Capital
21,927
22,410
29,084
28,899
26,425
28,268
33,869
43,628
49,689
64,319
60,040
61,813
58,987
54,168
LT Debt
700
- -
400
400
- -
- -
582
529
434
541
514
328
426
1,185
Total Equity
26,143
28,374
40,310
36,368
32,496
33,453
38,671
52,042
61,910
72,560
80,582
82,805
84,768
81,802
Return on Invested Capital (%)
- -
- -
- -
- -
- -
1.17
- -
- -
17.51
15.36
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
1.11
- -
- -
19.41
17.91
- -
- -
- -
- -
Return on Common Equity (%)
4.5
8.65
-7.8
-4.63
-6.99
1.1
15.59
23.54
19.6
18.06
13.81
6.62
8.98
8.53

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
434
392
507
LT Borrowings
- -
- -
- -
LT Finance Leases
494
426
1,185
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
71,570
54,881
54,694

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
68,758
71,703
64,109
Cash, Cash Equivalents & STI
42,203
41,436
38,430
Accounts Receivable, Net
- -
15,909
9,208
Inventories
8,313
8,473
11,918
Total Current Liabilities
11,757
12,716
9,942
Payables & Accruals
- -
- -
- -
ST Debt
434
392
507
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.5%
10.47%
2.37%
Free Cash Flow
451.39%
-8.55%
95.47%
Net Income, GAAP
140.34%
-1.88%
39.05%
Sales/Revenue/Turnover
13.14%
11.39%
12.59%
Total Cash Common Dividend
- -
- -
-0.83%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,682
12,760
13,605
22,250
58,296
2025
11,993
14,722
14,690
24,229
65,635
2026
12,826
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-250
64
283
718.83
811
2025
-100
207.15
127.7
957.92
1,160
2026
-209.81
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
300.52
2025
- -
- -
- -
- -
306.54
2026
- -
- -
- -
- -
- -

Company Description

CEO
Yeong-Cheol Cho
Full Time Employees
434
Sector
Electronic technology
Industry
Computer peripherals
Address
Seoul South Korea
IPO Date
Aug 1, 2013
Business
Piolink, Inc. is a South Korea-based provider of cloud data center infrastructure, application networking, and cybersecurity solutions. Founded in 2000 and headquartered in Seoul, South Korea, the company specializes in high-performance network availability, cloud computing optimization, and information security services for enterprises, government organizations, telecommunication carriers, and financial institutions across South Korea, Japan, and the broader Asia-Pacific region. Piolink operates through two core business divisions: Network and Security Products, and Managed Information Security Services. The company's flagship product portfolio comprises Application Delivery Controllers under the PAS-K series, providing layer 4 to layer 7 server load balancing, application traffic optimization, SSL acceleration, and disaster recovery orchestration; Web Application and API Protection platforms under the WEBFRONT-K and WEBFRONT-SECaaS brands, delivering automated web exploit prevention, malicious traffic filtering, and compliance management for on-premises and hybrid cloud environments; Cloud Security Switches under the TiFRONT series, integrating internal network access control, ransomware and lateral movement containment, and centralized cloud administration via the TiController platform; and Hyper-Converged Infrastructure solutions, featuring Popcon appliances and virtualization software designed to streamline private cloud deployment and software-defined data center modernization. Complementing its hardware and software offerings, Piolink delivers managed security operations center monitoring, threat intelligence analysis, cybersecurity consulting, penetration testing, and security audit services. In recent strategic developments, Piolink has expanded its technology footprint into Zero Trust Architecture and artificial intelligence-driven network security, integrating micro-segmentation capabilities into its TiFRONT switch ecosystem and launching software-as-a-service application delivery solutions. The company has also formed strategic alliances with leading public cloud providers to deliver cloud-native application delivery controllers and web application firewalls, broadened its international channel partner networks in Japan and Southeast Asia, and enhanced its hyper-converged infrastructure line to support hybrid multi-cloud migrations and AI workload deployments.