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[Shinyoung Securities] Emro : Indeed, It is world-class(2025.10)

We would like to share a new report on Emro published by Won-seok Jung, Software Analyst at Shinyoung Securities, accompanied by a target price initiation.
Target Price: KRW 50,000
Emro : Indeed, It is world-class

- Securing North American clients + launching Agentic AI services
- On-premise performance expected this year; cloud-driven momentum from next year
- FY2025 operating profit forecast: KRW 9.0bn
- FY2026 operating profit forecast: KRW 13.1bn

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