SGA Solutions Co., Ltd.

SGA Solutions Co., Ltd.

KKRX:184230
1,955.00
KRW
-24.00
(-1.21%)
983.07EPS
2.05P/E
34.79BMarket Cap
2014 Y
2015 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
5,244.56
6,922.51
2,517.96
8,511.04
8,530.71
5,936.94
5,650.8
4,911.38
2,238.7
3,258.57
3,952.32
3,433.21
4,083.31
7,189.88
Basic EPS, GAAP
834.48
1,224.47
507.4
465.47
308.21
-1,466.22
-3,090.95
695.68
162.91
396.28
-72.89
-742.72
1,160
899.62
Free Cash Flow per Basic Share
-1,228.22
994.9
-370.06
-151.71
-1,252.46
-542.94
-490.33
535.48
372.11
202.69
-129.02
-691.02
854.71
1,438.63
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
20.49
32.64
-0.12
Book Value per Share
3,835.56
5,334.29
5,581.27
6,371.22
6,705.55
4,936.17
2,195.92
2,930.69
3,493.15
4,001.84
4,182.11
3,334.82
1,890.49
1,791.76
Tangible Book Value per Share
1,490.97
4,555.78
4,709.54
3,292.14
4,201.01
2,530.4
1,474.3
2,270.27
2,917.14
1,772.31
1,893.18
1,485.77
611.39
452.24
Basic Weighted Avg Shares
3
3
5
6
6
8
8
8
10
11
12
13
15
18
Sales/Revenue/Turnover
14,264
19,994
13,529
49,544
55,344
45,382
45,089
40,572
21,939
37,324
46,124
42,924
61,636
128,696
Operating Margin (%)
16.93
20.8
27.41
10.37
6.96
-20.38
-18.83
10.76
15.77
10.29
2.68
-9.55
24.72
15.02
Depreciation Expense
942
843
382
946
1,511
1,958
2,222
1,863
2,165
2,919
3,466
3,041
2,484
2,753
Net Income, GAAP
2,270
3,537
2,726
2,710
2,000
-11,208
-24,663
5,747
1,597
4,539
-851
-9,286
17,510
16,103
Effective Tax Rate (%)
- -
- -
25.51
15.82
- -
- -
- -
3.16
16.61
0.64
- -
- -
9.37
7.47
Profit Margin (%)
15.91
17.69
20.15
5.47
3.61
-24.7
-54.7
14.16
7.28
12.16
-1.84
-21.63
28.41
12.51
Working Capital
5,054
23,812
11,559
29,913
28,923
13,608
-4,864
6,121
11,662
10,564
1,902
-4,067
-7,918
514
LT Debt
4,237
1,431
862
23,870
13,309
12,696
597
557
349
796
840
23,949
17,243
17,772
Total Equity
6,403
28,590
31,613
41,151
50,444
38,818
16,523
24,336
36,538
57,066
57,070
50,181
52,976
55,245
Return on Invested Capital (%)
- -
- -
7.22
7.34
- -
- -
- -
10.19
6.03
5.85
- -
- -
14.63
19.71
Return on Capital (%)
- -
- -
7.91
6.26
- -
- -
- -
21.33
6.03
11.45
- -
- -
22.22
15.91
Return on Common Equity (%)
- -
20.21
9.19
7.81
4.6
-26.05
-88.21
27.09
5.26
10.62
-1.74
-20.26
45.29
41.84

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
24,356
23,933
22,283
LT Borrowings
17,104
17,167
17,640
LT Finance Leases
139
142
132
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
19
Market Capitalization
57,268
47,873
34,795

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
39,806
39,609
63,481
Cash, Cash Equivalents & STI
23,311
19,212
39,611
Accounts Receivable, Net
9,652
10,913
9,087
Inventories
1,819
3,979
8,269
Total Current Liabilities
47,723
43,553
62,967
Payables & Accruals
- -
- -
- -
ST Debt
24,356
23,933
22,283
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.94%
19.97%
5.57%
Free Cash Flow
50.25%
1.15%
-249.33%
Net Income, GAAP
0.58%
139.27%
-288.56%
Sales/Revenue/Turnover
33.37%
16.89%
43.59%
Total Cash Common Dividend
- -
- -
92.38%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,649
9,348
9,033
15,891
42,924
2025
8,038
10,308
30,310
23,287
61,636
2026
25,956
49,142
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-323.62
-13.87
-143.32
-257.25
-742.72
2025
-194.17
-800.97
442.89
693.21
1,160
2026
-57.37
-155
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.21
20.49
2025
46.33
-37.27
- -
-0.12
32.64
2026
- -
- -
- -
- -
- -

Company Description

CEO
Young-Cheol Choi
Full Time Employees
168
Sector
Technology services
Industry
Information technology services
Address
Uiwang South Korea
IPO Date
Dec 20, 2013
Website
sgasol.kr
Business
SGA Solutions Co., Ltd. is a South Korea-based cybersecurity software company specializing in integrated information security systems, zero trust architectures, cloud protection, and digital content accessibility technologies. Founded in 2002 and headquartered in Uiwang-si, Gyeonggi-do, South Korea, the company operates as a key cybersecurity entity within the SGA Group, primarily serving government agencies, public sector institutions, financial service providers, and large enterprise corporations. The company develops, licenses, and maintains a structured portfolio of software products, including: system and server security platforms such as RedCastle for secure operating system protection, EnterpriseCastle for integrated server security management, and the SecureGuard series for server access control and privileged account management; Zero Trust Architecture (ZTA) and identity security solutions, such as the full-stack SGA ZTA framework, SGA ZTA ICAM for integrated identity, credential, and access management, and TrustChannel FIDO for multi-factor biometric authentication; cloud and container security tools, including vAegis for virtualization workload defense and cAegis for container and Kubernetes environment protection; endpoint and application security software, comprising VirusChaser 10 AI for endpoint malware detection, TrustCertificate for public key infrastructure and electronic signatures, TrustTSA for digital time-stamping, and TrustLabel for electronic document forgery prevention; and document accessibility solutions under the VOICEYE brand, utilizing high-density two-dimensional matrix barcodes for printed text-to-speech conversion and anti-forgery validation. In addition to software development, the company provides cybersecurity consulting, custom systems integration, and ongoing technical support services. In recent operational developments, SGA Solutions has positioned itself at the forefront of South Korea's transition toward Zero Trust and modern National Network Security Framework (N2SF) standards. The company served as the lead contractor for the Korea Internet and Security Agency (KISA) Zero Trust pilot initiative for three consecutive years through 2025, validating advanced security architectures across public organizations. In 2026, the company secured a major government project from the Ministry of Science and ICT to develop an AI-based Korean Zero Trust open platform compliant with global security standards. In the same year, SGA Solutions achieved the nation's first Good Software (GS) Level 1 Certification in the ICAM domain for its SGA ZTA ICAM platform. Additionally, the company participated in Cyber Summit Korea (CSK 2026), showcasing its integrated N2SF security solutions designed to address public sector network separation reforms and secure artificial intelligence adoption across government and enterprise environments.