AMOREPACIFIC (002790) Q1 2026 earnings summary

Executive summary

• Revenue rose 5.0% year-over-year to 1.22 trillion KRW, with operating profit up 6.9% to 137.8 billion KRW.

• Net income declined 5.4% year-over-year to 132.5 billion KRW, despite higher operating profit.

• Growth was driven by strong domestic and overseas sales, especially in online, multi-brand shop, and travel retail channels.

• Key brands and new product launches contributed to robust performance in both domestic and international markets.

Financial highlights

• Gross profit margin expanded to 73.1% from 72.1% year-over-year, aided by improved regional mix.

• SG&A expenses increased 7.9% year-over-year, with marketing expense up 19.7% due to overseas brand launches.

• Domestic revenue grew 8.5% and overseas revenue rose 5.8% year-over-year.

• Beauty subsidiaries saw revenue decline 12.8% and operating profit drop 75.2% year-over-year, while other subsidiaries' revenue and profit surged.

Outlook and guidance

• Continued focus on global expansion, especially in Western markets, Japan, and APAC.

• Ongoing investments in marketing and new product launches to drive future growth.