Able C&C (078520) Q4 2025 earnings summary

Executive summary

• Achieved strong overseas sales growth in Q4 2025, offsetting domestic declines due to strategic reduction of direct stores.

• Overseas sales accounted for 68% of Q4 revenue, with significant expansion in the US, Europe, and new markets like Canada and the Middle East.

• Annual revenue increased 1.2% year-over-year, driven by robust international performance despite one-off restructuring costs in Q3.

Financial highlights

• Q4 2025 revenue: 67,868 million KRW, up 4.6% YoY and 20.6% QoQ.

• Q4 operating profit: 7,149 million KRW, up 31.4% YoY, with margin improving to 10.5%.

• Q4 net income: 5,960 million KRW, up 101.4% YoY.

• FY2025 revenue: 242,002 million KRW (+1.2% YoY); operating profit: 17,953 million KRW (-1.3% YoY).

• EBITDA for FY2025: 25,786 million KRW, down 11.6% YoY.

Outlook and guidance

• Focus remains on expanding global channels and strengthening brand presence in key overseas markets.

• Continued investment in product innovation and portfolio expansion, especially in trending and premium segments.