InnoAX, an artificial intelligence transformation (AX) specialist, said on Aug. 18 it posted consolidated first-half 2026 revenue of 14.99 billion won and operating profit of 750 million won. Revenue rose 36 percent from a year earlier and operating profit increased 38 percent.

Second-quarter revenue came to 7.9 billion won. The company highlighted that AX revenue is expanding in earnest in relation to its second-quarter results.

The company said InnoAX’s AX revenue refers to AI-based revenue such as its automated rate-calculation solution InnoPAS and AX services.

On a non-consolidated basis, AX revenue grew about sevenfold to 2.06 billion won in the first half of 2026 from 260 million won for all of 2025. Its share of total revenue on a consolidated basis rose to 15 percent in the second quarter from 12 percent in the first quarter.

The company explained that its domain expertise, having maintained the No. 1 market share for more than 20 years in South Korea’s business rules management system, or BRMS, market for financial sectors including insurance, is creating synergy with its AX business.

InnoAX projected that AX revenue growth will accelerate from the second half. It said profitability was temporarily adjusted in the first half due to an expansion of AX projects with a high share of service work and a proactive increase in AI specialists. It expected revenue growth and improving profitability to come together from the second half as AX product development and organisational setup are completed.

InnoAX CEO In-soo Jang (장인수) said, "These results are a clear sign that AX is no longer a vision and is beginning to become a reality in revenue." He said the company will combine AI with more than 20 years of DX experience and business expertise to become South Korea’s leading AX specialist.