Able C&C (078520) Q2 2025 earnings summary

Executive summary

• Achieved 2Q25 revenue of ₩67.7 billion, up 3.1% YoY, with operating profit up 39.6% to ₩7.2 billion and double-digit operating margin.

• Revenue for H1 2025 was KRW 127.98 billion, with net profit of KRW 8.49 billion and operating profit of KRW 12.43 billion.

• Overseas sales accounted for 61% of total, with strong growth in the US (+58% YoY) and Europe (+47% YoY).

• Maintains a strong presence in domestic and international beauty markets, with a diversified brand portfolio and focus on ESG initiatives.

• No significant non-recurring contracts or events impacted the financials during the period.

Financial highlights

• Gross profit margin was 56.1% in 2Q25, slightly down from 58.0% YoY.

• Gross margin for H1 2025: 29.7% (KRW 38.13 billion gross profit on KRW 127.98 billion revenue).

• SG&A expenses decreased by 6.7% YoY, with notable reductions in advertising (-15.3%) and depreciation (-26.8%).

• EBITDA margin improved to 13.7% from 12.1% YoY.

• Net income rose 9.1% YoY to ₩3.9 billion in 2Q25; net profit for H1 2025 was KRW 8.49 billion.

Outlook and guidance

• Continued expansion in global markets, especially the US, Europe, Japan, and Southeast Asia, leveraging best-selling products and local marketing.

• Ongoing product launches, collaborations, and investments in eco-friendly products and packaging to strengthen brand competitiveness and portfolio.