Hancom With, which serves as the holding company of the Hancom Group, brought Hancom into its consolidated subsidiaries. Hancom With said on Thursday it posted third-quarter consolidated sales of 128.8 billion won and operating profit of 9.4 billion won, with an operating margin of 7.3 percent.

Operating profit rose about sixfold from 1.6 billion won a year earlier. Cumulative sales for January to September were 394.6 billion won and operating profit was 8.8 billion won. Cumulative operating profit increased 112 percent from 4.1 billion won a year earlier.

Revenue fell 14.4 percent from a year earlier. The company said the decline was due to reduced physical gold distribution volume at its unit Hancom Gold Exchange as international gold prices adjusted.

Hancom With steadily bought Hancom shares this year, raising its standalone stake to 31.2 percent. The stake held by the largest shareholder group, including related parties, is 40.15 percent. Based on this, it brought Hancom into its consolidated subsidiaries from the third quarter. Results from Hancom unit Hancom Lifecare are also included in Hancom With's consolidated results.

Hancom Lifecare posted third-quarter sales of 30.9 billion won and operating profit of 3.4 billion won, with an operating margin of 11.0 percent. Sales rose 31 percent from a year earlier. Cumulative third-quarter sales were 91.9 billion won, up 60.5 percent. Cumulative operating profit was 7.2 billion won, for an operating margin of 7.8 percent, triple the level of a year earlier.

The company said it has largely completed deliveries of the ninth mass production batch of the next-generation gas mask K5 supplied to the armed forces, and that shipments of the ground laser target designator (GLTD) were also reflected in sales in sequence.

Song Sang-yeop (송상엽), chief executive of Hancom With, said, "The third quarter was when group performance began to be reflected in Hancom With's results due to the incorporation of Hancom." He added, "As the group's profit base has thickened, we will further solidify our profit structure by delivering results in our own businesses, including AI certification and post-quantum cryptography."