d'Alba Global (483650) Q4 2025 earnings summary

Executive summary

• 4Q25 revenue reached KRW 163.5bn, up 72% YoY; operating profit rose 87% YoY to KRW 25.2bn.

• Overseas revenue surged 131% YoY, now 63% of total revenue.

• Achieved 36 consecutive quarters of YoY sales growth.

• FY2025 annual revenue hit a record KRW 519.8bn; operating profit at KRW 101.1bn.

Financial highlights

• 4Q25 gross profit margin improved to 76%; operating margin rose to 15.4%.

• Net profit for 4Q25 was KRW 20.5bn, up 56% YoY.

• FY2025 sales up 68% YoY to KRW 519.8bn; operating profit up 69% YoY to KRW 101.1bn.

• COGS ratio declined by 0.8%p YoY; SG&A ratio decreased by 0.4%p YoY.

Outlook and guidance

• FY2026 sales target set at KRW 700bn, with OPM of 21% and overseas sales mix of 70%.

• Focus on expanding into India, Middle East, and Latin America, and growing B2B to 40%.

• Strategic team building and premium marketing to drive global brand status.