Cheil Worldwide (030000) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was ₩20,921 billion (KRW 2,092.1 billion), down 3.1% year-over-year, with Q2 revenue at ₩10,745 billion; 67.5% of revenue came from overseas subsidiaries and 32.5% from headquarters.

• Operating profit for H1 was ₩1,292 billion (KRW 129.2 billion), a 14.2% decrease year-over-year, while Q2 operating profit was ₩927 billion, up 0.6% year-over-year.

• Net income for H1 reached ₩918 billion (KRW 91.8 billion), up 15.8% year-over-year, with Q2 net income at ₩635 billion, up 24.0% year-over-year.

• Operates as a global advertising and marketing solutions provider with a network in 46 countries and 55 locations, offering integrated services including AdTech and digital marketing.

• Maintains a strong capital structure with a debt-to-equity ratio of 1.13 as of June 2026.

Financial highlights

• H1 2026 revenue: KRW 2,092.1 billion (down 3.1% YoY); gross profit: KRW 931.9 billion (up 1.6% YoY); Q2 gross profit: ₩4,896 billion, up 1.2%.

• Operating income: KRW 129.2 billion (down 14.2% YoY); net income: KRW 91.8 billion (up 15.8% YoY); basic EPS: KRW 905 (H1 2026) vs. KRW 782 (H1 2025).

• Total assets at H1 end: ₩34,644 billion (KRW 3,464.4 billion); equity: ₩16,301 billion (KRW 1,630.1 billion).

• Dividend paid in April 2026: KRW 1,230 per share, total KRW 124.6 billion.

• Non-recurring costs in Q1 included retirement benefit provisions and overseas restructuring expenses.

Outlook and guidance

• Dividend payout policy targets up to 60% of consolidated net income through 2027.

• Digital advertising and AI-driven marketing expected to drive future growth amid a challenging domestic market.

• Future performance is subject to uncertainties such as exchange rates, interest rates, inflation, and strategic decisions including M&A.

• Forecasts are forward-looking and may differ from actual results due to market volatility.

• No forward-looking statements or specific financial guidance provided.