Network security firm XGate recorded approximately 48.1 billion won ($33.5 million) in revenue and 3.7 billion won in operating profit last year.
The company announced Sunday that its 2024 revenue rose 11% year-over-year, while operating profit increased 5.7% from 3.5 billion won in the previous year.
The strong performance was driven by significant expansion in quantum VPN and home network security sales. XGate's quantum VPN (Q-VPN), which successfully entered the defense market last year, increased its revenue share as deliveries to public institutions, local governments, and defense sectors gained momentum. The company plans to further expand related businesses, noting growing interest from public institutions and local governments in addition to existing defense sector demand.
The home network security solution "AXGATE-HOMES" also delivered notable results. The company's strategy of regulatory compliance and customization tailored to customer requirements proved effective.
XGate continues to invest a high proportion of revenue in research and development to secure technological competitiveness. Beyond enhancing existing product lines including next-generation firewalls (NGFW), SSL visibility solutions, intrusion prevention systems (IPS), and SSL VPN, the company is pursuing next-generation security research including telecom carrier technology integration and AI-powered next-generation firewall applications.
The company has set this year's revenue target in the mid-50 billion won range. An XGate official stated, "2025 was a year when our two major new businesses—quantum security and home network security—successfully established themselves in the market and drove earnings growth." The official added, "With revenue exceeding 50 billion won now assured for 2026, we will achieve record-high sales through investment in technology development for future growth drivers and strengthening product competitiveness."