Cheil Worldwide (030000) Q3 2025 earnings summary

Executive summary

• Revenue grew 7% year-over-year in Q3 2025, reaching KRW 457.4B, with gross profit up 7% and net income up 7% compared to Q3 2024.

• Digital business accounted for 54% of service mix, up 5 percentage points year-over-year.

• Non-Samsung client revenue increased 10% year-over-year, now representing 27% of total.

• Overseas revenue rose 7%, with strong growth in North America and Latin America.

Financial highlights

• Operating profit was KRW 95.9B, flat year-over-year due to higher SG&A, mainly from digital labor investment.

• SG&A expenses increased 9% year-over-year; salaries rose 8%.

• Operating profit margin declined to 20.9% from 22.3% year-over-year.

• Year-to-date revenue up 8% and gross profit up 8% compared to the same period last year.

• Net income for Q3 2025 was KRW 64.9B, up 7% year-over-year.

Outlook and guidance

• Focus on expanding digital and retail business, targeting top-line growth of 5% and margin defense.

• Plans to reinforce expertise in industries such as automobile, healthcare, travel, and F&B.

• Continued operational excellence and profitability improvement in underperforming businesses.