ITCEN CLOYT, an AI and cloud specialist in the ITCEN Group, said on Thursday it posted year-to-date third-quarter revenue of 158.2 billion won, operating profit of 2.79 billion won and net profit of 2.57 billion won. Revenue rose 2.6 percent from a year earlier, and operating profit swung to a surplus from a loss. The operating profit improvement was about 11.37 billion won.

ITCEN CLOYT was established in 2022 through a spin-off of the cloud business division of ITCEN NTECH (formerly Ssangyong Information & Communications) and has expanded its scale since then. Annual revenue rose from 105.1 billion won in 2023 to 159.1 billion won in 2024 and 222.7 billion won in 2025.

The company said its top-line growth was supported by expanding cloud build-and-run projects for large enterprise customers, higher supply of cloud infrastructure and solutions, and the expansion of its global sports business.

The company said operating losses continued through last year as it invested in future businesses such as developing new platforms and securing specialised personnel. It said its profit structure is improving this year as results emerge from upgrading its business portfolio around new businesses focused on AI solutions and AI data specialisation.

Chief Executive Woo-sung Kim (김우성) said the company plans to strengthen profitability in its cloud build-and-run business while expanding its AI and data business in earnest and finding new growth opportunities, including expanding global inroads for its solutions and sports tech business. He said it will broaden its business portfolio by leveraging the customer base and technological capabilities secured in existing businesses into vertical specialised solutions and services such as sports tech, and reinforce a medium- to long-term growth foundation.