d'Alba Global (483650) Q3 2026 earnings summary

Executive summary

• Q3 revenue was KRW 155.6B, up 36% YoY, and operating profit was KRW 33.4B, up 101%, with a 21.5% margin and record Q3 results.

• Overseas revenue grew 59% YoY and reached a record 75% of Q3 sales; 39 consecutive quarters of YoY sales growth were reported.

• Preliminary Q3 YTD revenue was KRW 513.7B, operating profit KRW 125.8B and net income KRW 89.2B; operating profit exceeded FY2025’s KRW 101.5B.

Financial highlights

• Q3 revenue was KRW 155.6B versus KRW 114.2B a year earlier, and declined 17% QoQ amid seasonality, promotion timing and FX effects.

• At Q2-end exchange rates, Q3 revenue would have been KRW 170.5B and operating profit KRW 36.0B, each ~9% above reported results.

• Q3 net profit was KRW 14.8B, up 5% YoY and down 61% QoQ.

• Q3-end assets were KRW 344.5B and equity KRW 269.4B, up KRW 89.2B and KRW 70.8B, respectively, from year-end 2025; debt was KRW 75.2B.

Outlook and guidance

• No specific Q4 guidance was issued; management expressed confidence in exceeding FY guidance of KRW 725B revenue and a 21% operating margin.

• Q4 is peak season; marketing investment is planned to increase while protecting efficiency, following a Q3 focus on profitability.

• 2027 growth plans include Europe and North America retail expansion, larger reorders, online momentum, new channels and higher-value products.

• Planned launches include Bath & Body in H1 2027 and Beauty Device High Lift Shot 4X Pro in Q4 2026; Rossmann sell-out in Germany and Czechia is planned for H1 2027.

• Europe’s internal FY revenue target was raised after Q3 YTD revenue reached KRW 50.7B, above the prior target range’s KRW 45B lower end.