Q3 2026 Performance Summary

[Amorepacific Holdings Consolidated Performance]
(Unit: KRW 100 million / Growth rate: Year-over-Year)

Amorepacific Group recorded consolidated revenue of KRW 1.2073 trillion and operating profit of KRW 130.1 billion in the third quarter of 2026. Revenue increased 8.9% and operating profit rose 24.7% year-over-year. The operating margin improved by 1.4 percentage points, from 9.4% in the third quarter of 2025 to 10.8%.

During the third quarter, Amorepacific Group improved profitability in its Korea business, while ▲ strengthening its multi-brand growth model in North America, supported by strong growth from AESTURA and INNISFREE; ▲ expanding consumer touchpoints and delivering stronger performance in key growth markets including Japan and India; and ▲ gaining momentum in the derma and hair care categories, both in Korea and overseas, which the group is developing as its next pillars of global growth.

As a result, the group extended its revenue growth streak to nine consecutive quarters, while its leading subsidiary Amorepacific recorded an operating margin of more than 10% for the third consecutive quarter, continuing to deliver both top-line growth and improved profitability.

Leading Subsidiary: Amorepacific

[Amorepacific Q3 2026 Consolidated Performance]
(Unit: KRW 100 million / Growth rate: Year-over-Year)

Amorepacific, the group's leading subsidiary, drove its overall performance improvement, with revenue increasing 11% year-over-year to KRW 1.1295 trillion and operating profit rising 25% to KRW 115.2 billion.

The Korea business recorded revenue of KRW 620.5 billion and operating profit of KRW 84.6 billion, up 11% and 42% year-over-year, respectively. Strong sales from key brands including Sulwhasoo, HERA, AESTURA, and ILLIYOON, together with revenue growth across expanding channels such as e-commerce, MBS, and travel retail, drove improvements in both growth and profitability.

By brand, Sulwhasoo delivered double-digit growth, supported by the 60th anniversary campaign for Concentrated Ginseng Rejuvenating Cream and strong sales across major channels. AESTURA increased revenue by more than 50%, achieving balanced growth across key channels including e-commerce, MBS, and hospitals and clinics, centered on ATOBARRIER365. ILLIYOON maintained strong growth, particularly in e-commerce and MBS, while HERA, IOPE, and HANYUL also posted revenue growth led by core products.

By channel, both e-commerce and MBS revenue increased at double-digit rates. Department stores maintained solid growth, supported by higher sales per store, while travel retail revenue also grew at a double-digit rate on increased inbound tourism.

The overseas business recorded revenue of KRW 495.5 billion and operating profit of KRW 48.5 billion in the third quarter, up 12% and 14% year-over-year, respectively. Growth in the Americas, Japan, and other key Asian markets, together with the expansion of the brand portfolio, drove overseas performance.

In the Americas, the multi-brand growth model strengthened as a broad range of brands and channels contributed to performance. AESTURA grew by more than 100% year-over-year, with balanced gains across online and offline channels including Sephora and Amazon. INNISFREE grew by more than 50%, supported by increased sales of its Green Tea and sun care products, as well as its PDRN line. Mise-en-Scène's Perfect Serum ranked No. 1 in the hair styling serum category during an Amazon promotion in the U.S., highlighting the global growth potential of the group's hair care brands.

The performance of the multi-brand model also strengthened across key markets including Japan, India, and ASEAN. In Japan, AESTURA and COSRX each grew by more than 100%, while HERA grew by more than 90%. COSRX also expanded its offline consumer touchpoints by entering approximately 2,900 stores nationwide. In India, total revenue increased by more than 60% year-over-year, supported by growth across key brands including LANEIGE, Mamonde's market entry, and expanded distribution.

In EMEA, COSRX and AESTURA continued to expand into new channels and distribution networks. COSRX's revenue increased by more than 30%, with revenue through TikTok Shop UK in particular rising by more than 200%. AESTURA entered Boots in the UK and Matas in the Nordic region, diversifying consumer touchpoints and strengthening its foundation for growth in Europe.

Global growth was particularly strong across the derma and hair care portfolios. AESTURA increased revenue by more than 80%, supported by strong growth not only in Korea but also in North America and Japan, while expanding its distribution network in Europe and China. COSRX continued to deliver results from new growth products, including its RX and PDRN lines, across key markets such as the U.S. and Japan. ILLIYOON's total third-quarter revenue increased by more than 60% year-over-year, with overseas revenue growing sixfold, further strengthening the foundation for the group's global derma business. Hair care, another emerging growth engine, achieved double-digit revenue growth as brands including Mise-en-Scène, RYO, and LABO-H expanded their global businesses, demonstrating the category's global growth potential.

Other Major Subsidiaries

[Amorepacific Holdings Major Subsidiaries Q3 2026 Performance]
(Unit: KRW 100 million / Growth rate: Year-over-Year)

Beauty subsidiaries, including INNISFREE, ETUDE, espoir, and AMOS PROFESSIONAL, recorded declines in revenue and operating profit due to business restructuring initiatives, including distribution channel optimization. They continued, however, to strengthen brand competitiveness around core products and key growth channels. OSULLOC delivered solid growth across online and offline channels, supported by strong Chuseok gift set sales and increased store traffic.

Marking its 80th anniversary last year, Amorepacific Group announced its "Create New Beauty" vision and mid- to long-term goals of reaching KRW 15 trillion in revenue by 2035 and becoming a leading global beauty and wellness company. To achieve these goals, the group is strengthening its multi-brand global growth model while developing new growth pillars such as derma beauty, clinical skincare, and hair care. Amorepacific Group plans to continue reinforcing the foundation for sustainable growth, responding swiftly to consumer and market shifts driven by social media, e-commerce, and AI.