Able C&C (078520) Q1 2025 earnings summary

Executive summary

• Achieved 5 consecutive quarters of year-over-year operating profit growth, driven by channel restructuring and cost efficiency initiatives.

• Q1 2025 revenue was KRW 60.3 billion, down from KRW 66.8 billion in Q1 2024, reflecting a challenging market environment and lower sales in key regions.

• Net income attributable to owners was KRW 4.5 billion, up from KRW 4.0 billion in Q1 2024, supported by lower tax expenses and improved non-operating results.

• Focused on strengthening core product portfolio and expanding into global markets, with overseas sales accounting for 56% of total revenue in Q1 2025.

• The company maintains a strong cash position and continues to focus on global expansion and ESG initiatives.

Financial highlights

• Q1 2025 consolidated revenue: KRW 60.3 billion (down 9.8% year-over-year).

• Q1 2025 operating profit rose 2.6% to KRW 5.2 billion.

• Q1 2025 net income: KRW 4.5 billion (up 12.6% year-over-year).

• EBITDA margin improved to 12.4% from 11.7% in the prior year.

• Cash and cash equivalents at quarter-end: KRW 36.4 billion (up from KRW 20.1 billion at prior year-end).

Outlook and guidance

• Continued focus on U.S. market expansion and local adaptation strategies expected to sustain growth.

• Ongoing product innovation, digital transformation, and targeted marketing to global MZ generation customers.

• Prioritizing channel diversification and global market expansion, especially in Japan, the US, and Southeast Asia.

• Continued investment in R&D and ESG initiatives to drive long-term growth.