Misto Holdings (081660) Q3 2025 earnings summary

Executive summary

• Consolidated revenue for Q3 2025 reached KRW 1,088.2 billion, up 3.7% year-over-year, with operating profit up 41.2% to KRW 131.9 billion.

• Operates as a global holding company with two main segments: Misto (fashion/lifestyle brands, including FILA) and Acushnet (golf brands, including Titleist and FootJoy).

• Brand portfolio expansion, operational efficiency, and cost reductions contributed to improved profitability.

• Recent rebranding to Misto Holdings and ongoing expansion of global brand portfolio.

• Maintains a strong credit rating (A+) and is listed on the KOSPI market.

Financial highlights

• Consolidated revenue for 2025 Q1–Q3: KRW 3,553.4 billion, up 4.3% year-over-year.

• Operating income: KRW 476.4 billion, up 20% year-over-year.

• Net profit attributable to owners was KRW 63.2 billion for Q3 2025, with EPS of KRW 1,167.

• Gross profit for Q3 2025 was KRW 583.5 billion, up 2.9% year-over-year, with a gross margin of 53.6%.

• Cash and cash equivalents at period end: KRW 696.6 billion.

Outlook and guidance

• FY2025 consolidated revenue expected to grow 0% to 5% year-over-year.

• Operating income for 2025 expected to rise 25–35% year-over-year.

• Misto (ex-Acushnet) revenue guidance: -10% to 0% year-over-year; operating profit expected to turn positive (KRW 50–60 billion).

• Acushnet FY2025 sales projected at $2,520M–$2,540M (+2.6%–3.4% YoY), with adjusted EBITDA of $405M–$415M.

• New shareholder return policy targets up to KRW 500 billion in returns over 2025–2027, including dividends and share buybacks.