Amorepacific (090430) Q4 2025 earnings summary

Executive summary

• Revenue grew 9.5% year-over-year to 4.3 trillion KRW, with operating profit up 52.3% to 335.8 billion KRW for 2025.

• Domestic revenue rose 5.5% and overseas revenue surged 14.7%, driven by strong brand and channel performance.

• Fourth quarter revenue increased 6.6% year-over-year to 1.2 trillion KRW, but operating profit declined 33% due to one-off personnel expenses.

Financial highlights

• Gross margin improved to 72.3% for the year, up from 70.7% in 2024, reflecting a premium product mix.

• SG&A expenses increased 8.5% year-over-year, with marketing and personnel costs rising sharply in Q4.

• Net income for 2025 was 247.3 billion KRW, down from 601.6 billion KRW in 2024.

Outlook and guidance

• Excluding one-off costs, operating profit showed underlying growth.

• Continued focus on global expansion, new brand launches, and strengthening hero products in key markets.