ForbyFor Swings to ₩1.4B Q2 EBITDA Profit; Operating Loss Slashed 97%

4x4, a company specializing in content AI solutions, finally succeeded in turning profitable with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in the second quarter of 2025, proving its robust growth. In the second quarter, 4x4 recorded approximately 1.4 billion won in EBITDA, which stands in stark contrast to the approximately 3 billion won in losses recorded in the first half of last year. The total EBITDA for the first half of this year also achieved a surplus of approximately 300 million won, demonstrating stable cash generation capabilities. EBITDA is an important indicator that represents a company's actual cash generation ability through its core operating activities, and this turnaround to profitability clearly shows the company's improved fundamental health. A positive trend continued in terms of revenue. Second-quarter revenue reached 9.1 billion won, a 31.5% increase compared to 6.9 billion won in the same period last year. Although total first-half revenue slightly decreased due to one-time losses in the first quarter, the significant improvement in operating losses fully offset this, leading to overall performance improvement. Particularly noteworthy is the dramatic reduction in the scale of operating losses. Operating losses in the second quarter were approximately 90 million won, a staggering 97% decrease compared to approximately 4.1 billion won in the same period last year, suggesting that efforts to improve profitability have borne fruit. A 4x4 official cited 'strengthening order intake capabilities and organizational streamlining pursued since late last year' as the background for this performance improvement. In fact, the company has been expanding its revenue base by continuously securing public projects from local governments nationwide recently. By business segment, revenue from immersive content production in the video production business significantly expanded, and in the AI solution business segment, which focuses on its core competency of image quality improvement, the company is actively pursuing proofs-of-concept (POCs) and collaborations with various industries such as OTT platforms, broadcasters, and medical institutions, thereby securing future growth engines. Through continuous innovation and enhanced efficiency, 4x4 has demonstrated its entry into a stable growth trajectory and is expected to further solidify its position in the content AI market.