AMOREPACIFIC (002790) Q4 2025 earnings summary

Executive summary

• Revenue rose 8.5% year-over-year to 4.6 trillion KRW, with operating profit up 47.6% to 368.0 billion KRW and net profit at 292.2 billion KRW, down 55.3% due to one-off items.

• Growth was driven by strong domestic and overseas sales, especially in online, multi-brand shops, and global expansion of key brands.

Financial highlights

• Gross margin improved to 73.6% from 71.8% year-over-year, reflecting a premium product mix.

• SG&A expenses increased 8% year-over-year, with notable rises in marketing and personnel costs due to one-off expenses.

• Operating profit margin increased to 8.0% from 5.9% year-over-year.

• 4Q revenue grew 6.6% year-over-year to 1.16 trillion KRW, but operating profit fell 33% to 52.5 billion KRW due to one-off personnel expenses.

Outlook and guidance

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

• Emphasis on operational efficiency and premiumization to sustain margin improvements.