Yuanta Securities issued a report on April 27 with a positive outlook for Hecto Innovation’s first-quarter performance.

The report said earnings growth is expected based on simultaneous performance growth in the core business and consolidated subsidiaries, with an approaching period when momentum will stand out.

Yuanta Securities forecast that Hecto Innovation’s consolidated first-quarter revenue will exceed 100 billion won, driven by concurrent performance growth in the core business and consolidated subsidiaries.

Yuanta Securities analyst Kwon Myung-joon (권명준) highlighted subsidiary growth in particular. Kwon said Hecto Financial and Hecto Healthcare were representative. He stressed that based on guidance, Hecto Financial’s 2026 results are forecast to rise 13.8 percent in revenue and 36.1 percent in operating profit from a year earlier, and estimates are being revised upward. He also forecast performance growth in the first quarter of 2026 due to expanded simple cash payments, virtual accounts and global merchants in the fourth quarter of 2025.

He added that Hecto Healthcare appears to be seeing continued popularity for Desimone. He said Desimone’s regular subscription service has been revamped, and given the expansion of the product lineup and continued launch of new brands, performance improvement is expected in the first quarter of 2026 as well.

He also highlighted moves related to stablecoins. Kwon said the company is participating as a partner in Arc public testnet, a dedicated blockchain mainnet of Circle, a global stablecoin issuer. He said that in the wallet segment Hecto Innovation and in payments Hecto Financial are the only domestic companies included.

On Hecto Group’s overall activities, he said it signed an MOU with KG Financial on April 6 to jointly 추진 digital-asset real-use-based financial services. He also said it unveiled a wallet service specialised for PG companies and merchants on April 13, including building a settlement system to manage merchants’ stablecoins in line with regulations and transfer them to virtual asset exchanges. He said it also invested 3 billion won on April 20 in a new fund by global blockchain-focused investment firm Hashed, Hashed Venture Investment Association No. 3.