Able C&C (078520) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 was KRW 126.6 billion, down from KRW 242.0 billion in the prior year period, reflecting a normalization after the discontinuation of the duty-free business and a focus on profitability over volume.

• Operating income rose to KRW 19.8 billion from KRW 18.0 billion year-over-year, with net income attributable to owners at KRW 18.2 billion, up from KRW 14.1 billion.

• The company maintained a strong cash position and continued to invest in R&D and global expansion, particularly in the US and Europe.

Financial highlights

• Consolidated revenue: KRW 126.6 billion (down from KRW 242.0 billion year-over-year).

• Operating income: KRW 19.8 billion (up from KRW 18.0 billion year-over-year).

• Net income: KRW 18.2 billion (up from KRW 14.1 billion year-over-year).

• Basic EPS: KRW 752 (up from KRW 548 year-over-year).

• Cash and cash equivalents at period end: KRW 27.5 billion.

• Total assets: KRW 159.9 billion; total equity: KRW 75.9 billion.

Outlook and guidance

• The company is focusing on profitability, global expansion, and digital channel growth, with no new business segments planned.

• Quarterly dividends are being maintained, with a recent payout of KRW 100 per share.