YesAsia Holdings
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YesAsia Holdings (2209) investor relations material

YesAsia Holdings H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary27 Mar, 2026

Executive summary

  • Achieved record revenue of US$501.5M in 2025, up 45% year-over-year, with net profit rising 21.5% to US$23.1M.

  • Beauty products accounted for 97% of YesStyle and ABW revenue, driven by global K-Beauty demand.

  • Non-core markets (outside US, UK, Australia, Canada) contributed 63.6% of revenue, growing 83.9% year-over-year.

  • B2B segment (ABW) revenue surged 91.7% to US$148.9M, with ABW Offline newly launched and contributing US$49.9M.

  • Significant investments in logistics, marketing, and technology, including a second AMR warehouse and AI-driven initiatives.

Financial highlights

  • Revenue: US$501.5M (2025) vs US$345.8M (2024), +45%.

  • Net profit: US$23.1M (2025) vs US$19.0M (2024), +21.5%.

  • Gross profit: US$148.5M, gross margin 29.6% (down 0.9pp due to higher B2B mix).

  • Operating profit: US$31.9M, up 28.2% year-over-year.

  • EPS: Basic 5.62 US cents, Diluted 5.50 US cents.

  • Final dividend proposed: HK 10.0 cents/share (up from HK 7.5 cents in 2024).

Outlook and guidance

  • K-Beauty expected to remain a key growth driver, especially in non-core markets (Europe, Latin America, Middle East).

  • Continued investment in B2B expansion, logistics, and AI to support growth and operational efficiency.

  • Focus on multilingual platforms, influencer marketing, and community-building initiatives.

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