Misto Holdings (081660) Q2 2026 earnings summary

Executive summary

• Consolidated revenue grew 16.6% year-over-year in Q2 2026, driven by strong Acushnet performance and solid underlying growth at Misto.

• Profitability surged due to a one-time tariff refund at Acushnet, with operating profit up 62.3% year-over-year.

• Operates as a global holding company with two main segments: Misto (fashion/lifestyle brands) and Acushnet (golf brands).

• FILA brand momentum continued, supported by signature products and recovering inbound demand.

• Greater China business accelerated with a diversified multi-brand portfolio.

Financial highlights

• Q2 2026 consolidated revenue: KRW 1,431.2bn (+16.6% YoY); gross profit: KRW 849.3bn (+25.7% YoY); operating profit: KRW 295.2bn (+62.3% YoY).

• H1 2026 consolidated revenue: KRW 2,720.2bn (+10.3% YoY); operating income: KRW 488.9bn (+41.9% YoY); net income: KRW 366.9bn (+26.2% YoY).

• Acushnet revenue up 21.7% YoY in Q2; Misto revenue down 7.4% YoY.

• Net profit attributable to owners: KRW 128.7bn in Q2 2026.

• Earnings per share: KRW 2,443 in Q2 2026; H1 2026 basic EPS: KRW 4,125.

Outlook and guidance

• FY2026 consolidated revenue expected to grow 0% to +5% YoY; operating profit to rise 5% to 15% YoY.

• Misto (ex-Acushnet) revenue guidance: -5% to 0% YoY; operating profit: +10% to +20% YoY.

• Acushnet FY2026 sales growth forecast at +4.1% YoY midpoint; adjusted EBITDA +12.3% YoY midpoint.

• Targeting 2028 revenue growth of 15% over 2025 and ROE of 12–13%.