Saltlux said on Thursday it posted consolidated second-quarter revenue of 11.53 billion won and an operating loss of 3.52 billion won. Revenue rose 64.3 percent from a year earlier and the operating loss widened 7.3 percent.

First-half consolidated revenue totalled 20.47 billion won, up 60.2 percent from 12.78 billion won a year earlier. The operating loss narrowed 8.9 percent to 8.38 billion won from 9.21 billion won in the same period last year.

Saltlux is expanding its generative AI and AI agent businesses, focusing on nuclear power, finance and the public sector. It is pursuing an enterprise AI business based on its proprietary large language model (LLM) LUXIA, the retrieval-augmented generation (RAG) solution A.RAG and Agent Studio, among others.

The company explained that first-half cumulative orders amounted to 18.89 billion won and, as of end-June, its separate order backlog stood at about 15.5 billion won. Given the characteristics of its system integration (SI) and AI solutions businesses, where revenue is recognised based on project progress, it expects the backlog to be reflected in revenue sequentially as projects proceed.

Overseas, first-half revenue at its Vietnam unit Saltlux Technology (SLT) rose 115 percent from a year earlier to $876,000 from $407,000. Of that, revenue from data collection services for a global robotics company was $599,000, accounting for about 68 percent of total revenue.

Saltlux CEO Kyung-il Lee (이경일) said, "Based on proactive AI infrastructure investment and reinforcement of specialised personnel, we are continuing solid order performance across key business divisions." He added, "In the second half, we will continue revenue growth based on converting the order backlog into revenue and global business results, including the Vietnam unit."