Bellock Inc.

Bellock Inc.

KKRX:424760
1,895.00
KRW
-28.00
(-1.46%)
160.12EPS
13.08P/E
20.72BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4,625.25
3,334.92
3,212.76
3,696.28
3,276.89
Basic EPS, GAAP
35.7
-580
-124
222
160.12
Free Cash Flow per Basic Share
730.95
-402.5
-83.99
332.95
-122.05
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
5,953.02
2,657.31
2,546.94
2,813.17
2,869.77
Tangible Book Value per Share
5,945.9
2,627.52
2,468.21
2,748.48
2,814.06
Basic Weighted Avg Shares
6
8
10
10
10
Sales/Revenue/Turnover
27,210
26,394
30,867
35,382
32,285
Operating Margin (%)
5.94
-1.39
-6.37
3.77
0.61
Depreciation Expense
458
661
912
956
986
Net Income, GAAP
210
-4,590
-1,191
2,125
1,578
Effective Tax Rate (%)
40.79
- -
- -
- -
- -
Profit Margin (%)
0.77
-17.39
-3.86
6.01
4.89
Working Capital
5,906
15,305
11,016
14,154
11,886
LT Debt
209
408
372
410
332
Total Equity
12,591
25,442
24,697
27,818
28,378
Return on Invested Capital (%)
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-24.14
-4.75
8.09
5.89

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,360
1,379
1,419
LT Borrowings
- -
- -
- -
LT Finance Leases
410
473
332
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
20,528
25,235
20,716

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
21,884
14,851
17,849
Cash, Cash Equivalents & STI
15,117
9,431
10,683
Accounts Receivable, Net
5,075
3,453
4,628
Inventories
78
254
517
Total Current Liabilities
7,730
4,115
5,963
Payables & Accruals
- -
- -
- -
ST Debt
1,360
1,379
1,419
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
12.64%
Free Cash Flow
- -
- -
-494.98%
Net Income, GAAP
- -
- -
-278.38%
Sales/Revenue/Turnover
- -
- -
14.63%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,178
5,171
8,431
14,087
30,867
2025
3,579
9,570
7,256
14,977
35,382
2026
3,922
6,130
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-112
-2
-42
30.66
-124
2025
-94
284
-31.34
199.33
222
2026
-134.66
125
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Jung-Hyun Lee
Full Time Employees
109
Sector
Technology services
Industry
Information technology services
Address
Jung-gu South Korea
IPO Date
Jul 22, 2022
Business
Bellock Inc. is a South Korea-based cybersecurity and information technology solutions provider specializing in the development, integration, and maintenance of converged security, network security, and AI-driven surveillance systems. Founded in 2009 and headquartered in Seoul, South Korea, the company delivers specialized cybersecurity software and security system integration services primarily tailored to critical national infrastructure, energy and power generation facilities, public sector institutions, and financial enterprises. Bellock Inc. operates through three primary business segments: Information Security Solutions, Convergence Security and AI Surveillance, and Security System Integration and Maintenance Services. The company's core product and service portfolio includes firewall policy management and automation solutions (Secu-Pass and Pax-Gate), which optimize and audit complex network firewall rule configurations; web application and defacement monitoring systems (Pax-Mon), which provide real-time integrity verification and threat detection for web assets; account access control and security audit platforms (Secu-Audit), designed for compliance and credential tracking; AI-based intelligent video surveillance and thermal monitoring systems, deployed for perimeter security, fire detection, and hazardous condition analytics across power plants and industrial sites; and comprehensive cybersecurity system integration alongside 24/7 managed security maintenance and technical support services. In recent developments, Bellock Inc. completed its public listing on the KOSDAQ market (KRX: 424760) through a merger with IBKS No. 18 Special Purpose Acquisition Company (SPAC), significantly expanding its capital base to accelerate research and development. The company has since undertaken strategic initiatives to integrate artificial intelligence and computer vision technologies into its physical and operational technology (OT) security offerings, established strategic alliances with physical security hardware and cloud infrastructure providers, and introduced next-generation automated security compliance platforms to address regulatory mandates across cloud and smart factory environments. Bellock Inc. continues to expand its operational footprint across South Korea while pursuing business opportunities in regional Asian markets.