Danal Reports Q1 Sales of 54.9 Billion Won and Operating Profit of 1.2 Billion Won, Turns to Net Profit

On May 15, Danal announced that it recorded consolidated financial results for the first quarter of 2026 with sales of 54.9 billion won and an operating profit of 1.2 billion won. Net profit for the period reached 2.4 billion won, successfully turning a profit compared to the same period last year.

In the first quarter of this year, the company focused on stable profits from its existing payment business, expanding large-scale commerce merchants, and investing in high-value-added new business technologies such as stablecoin services and foreign payment platforms. With an increase in both online and offline payment transactions and the launch of new services expected within the year, both revenue and profit are projected to continue rising. In addition, the prepaid charging platform 'Damo-eum' has seen substantial growth in user volume following the launch of its innovative financial partnership account service, and plans to further solidify its position as an integrated financial platform by adding credit evaluation and remittance functions.

The core of its new business, the stablecoin, recently completed successful Proof of Concept (PoC) testing with major banks for commercialization technologies including charging, payment, settlement, and refunds. Danal is also actively negotiating with the global stablecoin issuer Circle to introduce an open wallet-based stablecoin service. Once regulatory guidelines are established, Danal plans to introduce the most trusted service in the market by leveraging a unique infrastructure connected to institutional finance and global enterprises.

The foreigner prepaid card 'K.ONDA' is scheduled for official launch this month following a beta service period. Cards can be issued and topped up at kiosks with only a passport, without the need for a bank account, and the card provides the same payment environment as for Korean nationals, including public transportation and both online and offline shopping. Upon launch, Danal will also offer a SIM card package that can be picked up at the airport, aiming to establish K.ONDA as the leading payment solution for the era of 20 million inbound tourists to Korea.

Among its affiliates, Danal Entertainment achieved a turnaround to profitability last year and is currently pursuing business advancement by launching new revenue models, such as the live IP brand 'Danal Stage' and the entertainment tech fan platform 'Novera.' Novera, in particular, has attracted active strategic partnership proposals from major global entertainment companies in line with the boom in the K-POP industry.

Danal Fintech, a digital asset platform technology company, is preparing for the commercialization of its SaaS-based stablecoin platform 'IEUM' for the financial sector. Danal FNB and Bit Corporation are implementing strategies to expand both directly operated and franchised stores of Dal.komm.N and Bit Cafe. Group-wide, these initiatives are expected to generate long-term synergies.

A Danal representative stated, "During the first quarter of this year, we focused on securing next-generation technologies related to new businesses and expanding our domestic and international networks, laying the foundation for future growth. By further enhancing financial stability and gaining an early lead in key markets such as stablecoins and foreigner financial services, we will continue to increase corporate value and establish a sustainable business model."

This content was produced with the assistance of AI translation services.