Cheil Worldwide (030000) Q3 2026 earnings summary

Executive summary

• 3Q26 gross profit was KRW 428.1bn, down 6.4% YoY; operating profit was KRW 77.0bn, down 19.7%, and net income was KRW 45.6bn, down 29.7%.

• 3Q26 YTD gross profit was KRW 1,359.9bn, down 1.1% YoY; operating profit was KRW 206.2bn, down 16.4%, and net income was KRW 137.4bn, down 4.7%.

Financial highlights

• 3Q26 sales were KRW 1,039.0bn; gross profit was KRW 428.1bn and cost of sales was KRW 611.0bn.

• 3Q26 SG&A was KRW 351.1bn versus KRW 361.5bn a year earlier; operating profit was KRW 77.0bn versus KRW 95.9bn.

• 3Q26 YTD sales were KRW 3,131.1bn; SG&A was KRW 1,153.7bn versus KRW 1,128.2bn a year earlier.

• 3Q26 YTD profit before tax was KRW 206.4bn and tax expense was KRW 69.0bn; net income was KRW 137.4bn.

Segment performance

• 3Q26 gross profit by service mix: Digital 55%, Retail/BTL 29%, ATL 16%.

• 3Q26 Seoul office gross profit was KRW 103.2bn, down 2.2% YoY; overseas gross profit was KRW 324.9bn, down 7.7%.

• 3Q26 YTD Seoul office gross profit was KRW 308.0bn, up 0.7% YoY; overseas gross profit was KRW 1,051.9bn, down 1.6%.