d'Alba Global (483650) Q1 2026 earnings summary

Executive summary

• Achieved record-high quarterly revenue of KRW 171.2 billion in 1Q26, up 51% year-over-year, with operating profit rising 50% to KRW 45.1 billion.

• Overseas revenue surged 85% YoY, now comprising 69% of total revenue, driven by strong online and offline expansion across all major regions.

• Marked 37 consecutive quarters of YoY sales growth, with significant momentum in North America, Europe, and Pan-China.

Financial highlights

• Gross profit increased 53% YoY to KRW 131.5 billion, with gross margin improving to 77%.

• Net profit rose 47% YoY to KRW 36.3 billion.

• COGS ratio declined by 1.4%p YoY to 23.2%, while SG&A ratio increased by 1.5%p to 50.5%.

• Operating profit margin slightly decreased by 0.1%p YoY to 26.3%.

Outlook and guidance

• Continued focus on global expansion, especially in emerging markets like India and the Middle East, with multi-brand and high-value SKU growth strategies.

• Plans to accelerate Pan-China operations with a new local subsidiary in 1H26.