Misto Holdings (081660) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 3.4% YoY to KRW 1,125.4bn, while operating profit fell 3.0% to KRW 128.0bn amid Acushnet IT transition costs and Greater China brand investment.

• 9M revenue increased 8.2% to KRW 3.846T and operating income rose 29.5% to KRW 616.9bn, led by Acushnet growth and stronger gross margin.

• Revised FY2026 consolidated operating-income growth guidance was 15%–20%; the 2025–2027 shareholder-return target increased to KRW 550bn.

Financial highlights

• Q3 consolidated revenue was KRW 1,125,415mn, up 3.4% YoY; gross profit rose 7.8% to KRW 628,887mn.

• Q3 operating profit was KRW 127,967mn, down 3.0% YoY; operating margin was 11.4% versus 12.1% a year earlier.

• Q3 net profit was KRW 77,965mn versus KRW 101,896mn; profit attributable to owners was KRW 43,847mn versus KRW 63,238mn.

• 9M revenue was KRW 3.846T versus KRW 3.553T; operating income was KRW 616.9bn versus KRW 476.4bn, and net income was KRW 444.8bn versus KRW 392.6bn.

• 9M gross profit was KRW 2.160T, up 13.4%; selling and administrative expenses were KRW 1.544T versus KRW 1.429T.

Outlook and guidance

• Revised FY2026 consolidated guidance: revenue growth of 0%–5% and operating-income growth of 15%–20% YoY; forecast average USD/KRW is 1,430.88.

• FY2026 fashion-segment revenue guidance is -5% to 0%, with operating-income growth guidance of 0%–5%.

• Acushnet FY2026 outlook indicates sales growth of 4.1% and adjusted EBITDA growth of 12.7% at the mid-point; consolidated profit guidance includes a one-time tariff refund benefit.

• Value-up goals include 2028 consolidated revenue at least 15% above 2025, ROE of 12%–13%, and governance-indicator compliance of 80%.