Hugel (145020) Q4 2025 earnings summary

Executive summary

• Net sales in 4Q25 reached KRW 119.1bn, up 21.3% year-over-year, with full-year 2025 sales at KRW 425.1bn, a 14.0% increase year-over-year.

• Operating profit for 4Q25 was KRW 58.6bn, up 26.2% year-over-year, and full-year operating profit rose 21.3% to KRW 201.6bn.

• Net income for 4Q25 was KRW 36.8bn, down 11.0% year-over-year, while full-year net income was KRW 144.0bn, up 0.6% year-over-year.

Financial highlights

• Gross profit margin improved to 80.8% in 4Q25, up 3.7 percentage points year-over-year.

• SG&A expenses increased 28.5% year-over-year in 4Q25, reaching KRW 37.6bn.

• Operating margin for 4Q25 was 49.2%, up 1.9 percentage points year-over-year.

Outlook and guidance

• International sales momentum is strong, with significant growth in North & South America and EU & Others.