HYBE (352820) investor relations material

Executive summary

• Fiscal year 2025 revenue reached ₩2.65 trillion, marking record-breaking sales and 17.5–18% year-over-year growth, driven by global artist activities and business model evolution.

• Major artists held 279 large-scale global concerts in 53 cities, expanding fan engagement and solidifying global presence.

• BTS members completed military service and will return as a group in 2026, launching a new album and the largest world tour in K-pop history.

• Q4 2025 revenue was ₩716.4 billion, down 1.4% year-over-year, with operating profit of ₩4.6 billion, turning a profit sequentially.

• Operating profit for FY2025 was ₩49.9 billion, down 72.9% year-over-year, with a 3-year CAGR of -58.9%.

Financial highlights

• Consolidated revenue for 2025 was ₩2,640.9 billion, up 18% year-over-year, with operating profit at ₩49.9 billion and an OP margin of 1.9%.

• FY2025 EBITDA was ₩154.0 billion, down 47% year-over-year; net profit was -₩256.7 billion, a significant loss from the prior year.

• Q4 2025 EBITDA was ₩32.1 billion, recovering from a loss in Q3 2025.

• Non-operating impairment losses of approximately ₩200 billion were recognized in Q4 due to U.S. business restructuring.

• Q4 revenue was ₩716.4 billion, with ₩4.6 billion in operating profit, impacted by marketing and restructuring costs.

Outlook and guidance

• 2026 will see BTS's full group comeback, a new album, and a record-breaking world tour, expected to drive significant growth.

• Plans include debuting new girl and boy groups globally, expanding in Japan and India, and leveraging digital business growth.

• Weverse platform expects increased traffic and commerce from BTS activities and further Japanese artist recruitment.