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Hugel (145020) investor relations material
Hugel Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2026 sales were KRW 97.5bn, down 8% YoY; operating profit fell 62% to KRW 18.1bn and net income fell 88% to KRW 4.7bn.
9M revenue rose to KRW 352.1bn from KRW 306.0bn, while operating income declined to KRW 121.7bn from KRW 143.0bn and net income to KRW 90.1bn from KRW 107.1bn.
Financial highlights
Q3 gross profit was KRW 73.0bn, down 11% YoY; SG&A increased 60% to KRW 54.9bn. Gross margin was 74.9% and operating margin 18.6%.
9M gross profit was KRW 268.8bn versus KRW 237.3bn; SG&A rose to KRW 147.1bn from KRW 94.3bn, contributing to lower operating income.
9M operating cash flow was KRW 120.5bn versus KRW 85.3bn; cash and cash equivalents were KRW 234.9bn at Sep. 30, 2026, versus KRW 209.7bn at year-end 2025.
Segment performance
Q3 toxin revenue was KRW 47.2bn, down 21% YoY; filler and skinbooster revenue was KRW 30.9bn, up 2%. Cosmetics and others revenue rose 25% to KRW 19.4bn.
Q3 Korea sales were KRW 27.4bn, up 54% YoY; international toxin and filler sales were KRW 50.8bn, down 30%. APAC sales were KRW 33.1bn, down 8%; Europe and others rose 18% to KRW 17.8bn.
North and South American toxin and filler revenue was negative in Q3 due to a change in U.S. operating strategy.
9M toxin revenue was KRW 193.2bn versus KRW 162.8bn; filler and skinbooster revenue was KRW 96.7bn versus KRW 96.1bn, and cosmetics revenue was KRW 54.8bn versus KRW 40.9bn.
- US expansion and portfolio growth underpin the KRW 900bn 2028 revenue target.145020
Investor Day 2026 presentation - H1 2026 revenue reached KRW 254.5bn, led by toxin sales and strong international growth.145020
Q2 2026 - Operating profit surged 54.5% year-over-year, driven by strong toxin and global sales growth.145020
Q3 2024 - Double-digit sales and profit growth in 4Q24, led by Toxin, Filler, and Cosmetics segments.145020
Q4 2024 - H1 2024 revenue hit ₩169.7B, net income ₩59.7B, driven by global expansion and strong cash position.145020
Q2 2024 - Q1 2026 delivered strong growth, led by botulinum toxin and international sales, with robust cash reserves.145020
Q1 2026 - KRW 305.98bn YTD revenue, lower profit, strong global growth, and robust Derma Cosmetics.145020
Q3 2025 - Double-digit sales growth led by botulinum toxin, derma cosmetics, and surging exports.145020
Q2 2025 - Q1 2025 saw double-digit profit growth and global expansion, led by Asia Pacific sales.145020
Q1 2025
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