Hugel (145020) Q1 2026 earnings summary

Executive summary

• Net sales for 1Q26 reached KRW 116.6bn, up 29.9% year-over-year.

• Operating profit rose 22.3% year-over-year to KRW 47.6bn.

• Net income increased 31.5% year-over-year to KRW 40.6bn.

Financial highlights

• Gross profit for 1Q26 was KRW 90.1bn, up 30.5% year-over-year, with a gross margin of 77.2%.

• SG&A expenses increased 41.2% year-over-year to KRW 42.5bn.

• Pre-tax income rose 36.6% year-over-year to KRW 56.1bn.

Outlook and guidance

• International sales momentum remains strong, especially in North & South America and Asia Pacific.