NamuAX said on Wednesday it posted consolidated third-quarter revenue of 35.7 billion won and operating profit of 600 million won. Revenue rose 10.9 percent from a year earlier, but operating profit fell 80 percent.

Cumulative consolidated revenue for the first three quarters was 108.1 billion won, up 60.7 percent from a year earlier. It exceeded last year’s full-year revenue of 102.3 billion won.

Cumulative operating profit for the period was 1.3 billion won, up 24.6 percent from a year earlier. Net income swung to a profit of 1.1 billion won from a net loss of 1.5 billion won a year earlier.

The company explained that higher revenue at its subsidiary NamuICT and its Japan unit led to growth in cumulative results. NamuICT’s cumulative revenue was 57.9 billion won, up 208.2 percent from a year earlier.

On a separate basis, NamuAX’s cumulative revenue was 29.5 billion won, up 31.2 percent from a year earlier. Initial revenue from its enterprise agentic AI platform NAA was added to its existing virtualization and cloud business.

The company plans to improve profitability in its virtualization and cloud business and expand NAA revenue.