Cheil Worldwide (030000) Q1 2026 earnings summary

Executive summary

• Revenue grew 2.0% year-over-year to 442.3B KRW in Q1 FY26, with operating profit at 36.5B KRW and net income at 28.3B KRW.

• Retail and digital services expanded, with retail up 7% and digital up 3% year-over-year.

• Non-Samsung client revenue increased 5%, now comprising 29% of total revenue.

• Domestic revenue rose 3% and overseas revenue 2% year-over-year, with strong growth in North America, Latin America, and Southeast Asia.

• Temporary operating profit slowdown attributed to restructuring-related SG&A expenses and additional retirement provisions.

Financial highlights

• Revenue: 442.3B KRW, up 2.0% year-over-year.

• Operating profit: 36.5B KRW, down 37.6% year-over-year due to restructuring costs.

• Net income: 28.3B KRW, up 0.8% year-over-year.

• SG&A expenses increased 8.2% year-over-year to 405.8B KRW.

• Income before taxes: 40.9B KRW, down 2.6% year-over-year.

Outlook and guidance

• Focus on digital and retail core, targeting over 70% revenue share from these segments.

• Continued expansion in D2C and digital solutions to drive future growth.

• Ongoing acquisition of new clients in both domestic and overseas markets.