Slides
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Nov 10, 2025 3Q 2025 Results
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Contents • 3Q 2025 Company Results • 3Q YTD 2025 Company Results • 3Q 2025 Results by Business Segment - Beauty - HDB (Home Care & Daily Beauty) - Refreshment • Summary Consolidated Financial Statements • Disclaimer
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Sales 1,580bn won(-7.8% yoy), Operating Profit46bn won(-56.5% yoy) 3Q 2024 3Q 2025 Amount % of Amount % of YoY Sales 1,714 100% 1,580 100% -7.8% Beauty 640 37% 471 30% -26.5% HDB 573 33% 596 38% +4.1% Refreshment 500 29% 513 32% +2.4% Operating Profit 106 100% 46 100% -56.5% Beauty 13 12% -59 N/A Turned to Deficit HDB 40 37% 42 N/A +6.8% Refreshment 54 50% 63 N/A +16.9% (OP Margin) (6.2%) - (2.9%) - (-3.3%p) Net Profit 74 - 23 - -68.2% 1 3Q 2025 Company Results (Unit : bn KRW) • Sales: Beauty decreased 26.5%, HDB increased 4.1%, Refreshment increased 2.4% yoy • O P: Beauty turned to deficit, HDB increased 6.8%, Refreshment increased 16.9% yoy * Comparable prior-year figures have been restated due to adjustments in overseas operations as of 2025 * Above results are unaudited.
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* Comparable prior-year figures have been restated due to adjustments in overseas operations as of 2025 * Above results are unaudited. Sales 4,883bn won(-6.1% yoy), Operating Profit243bn won(-41.4% yoy) 3Q YTD 2024 3Q YTD 2025 Amount % of Amount % of YoY Sales 5,202 100% 4,883 100% -6.1% Beauty 2,123 41% 1,784 37% -16.0% HDB 1,665 32% 1,712 35% +2.8% Refreshment 1,413 27% 1,387 28% -1.8% Operating Profit 416 100% 243 100% -41.4% Beauty 155 37% -16 N/A Turned to Deficit HDB 103 25% 108 N/A +4.8% Refreshment 158 38% 152 N/A -3.8% (OP Margin) (8.0%) - (5.0%) (-3.0%p) Net Profit 294 - 165 -43.7% 3Q YTD 2025 Company Results (Unit : bn KRW) • Sales: Beauty decreased 16.0%, HDB increased 2.8%, Refreshment decreased 1.8% yoy • O P: Beauty turned to deficit, HDB increased 4.8%, Refreshment decreased 3.8% yoy 2
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3Q 2024 3Q 2025 Amount % of Amount % of YoY Company 1,714 100% 1,580 100% -7.8% Domestic 1,251 73% 1,087 69% -13.1% Overseas 462 27% 493 31% +6.6% China 154 9% 147 9% -4.7% North America 128 7% 154 10% +21.1% Japan 96 6% 103 6% +6.8% Others 85 5% 89 6% +5.1% Overseas Sales (Unit : bn KRW) Overseas Sales increased 6.6% yoy to 493bn won (31% of total sales) - China 9%, North America 10%, Japan 6% of total sales 3Q 2025 CompanyResults – Overseas Sales * Above results are unaudited. 3
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3Q YTD 2024 3Q YTD 2025 Amount % of Amount % of YoY Company 5,202 100% 4,883 100% -6.1% Domestic 3,705 71% 3,333 68% -10.0% Overseas 1,497 29% 1,549 32% +3.5% China 569 11% 542 11% -4.8% North America 381 7% 420 9% +10.2% Japan 283 5% 324 7% +14.2% Others 263 5% 264 5% +0.3% Overseas Sales (Unit : bn KRW) Overseas Sales increased 3.5% yoy to 1,549bn won (32% of total sales) - China 11%, North America 9%, Japan 7% of total sales 3Q YTD 2025 CompanyResults – Overseas Sales * Above results are unaudited. 4
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640 471 13 -59 THE WHOO 38% THE FACE SHOP 12% belif 5% CNP 5% Results by Business Segment– Beauty 5 68% 32% 3Q24 3Q25 2.0% -12.5% OP Margin 3Q24 3Q25 Derma+ Answer Pore Firming Ample CNP Rose PDRN Prep Base VDL Cover Master Pink Cushion hince Luxury Premium (Unit : bn KRW) (Unit : bn KRW) Operating Profit Sales by Business Sales by Brand Sales Sales 471bn won(-26.5% yoy), OP -59bn won(Turned to Defiicit) • Sales declined mainly due to restructuring around traditional channels - DFS(8%) heavily hurt by large-scale volume control for reorganization - Double digit growth in domestic nurturing channels led by VDL, CNP • OP turned to deficit with sharp drop in sales across traditional channels • Responding to trends with new functional skincare and color products - ‘CNP’, pore tightening solution ‘Derma+ Answer Pore Firming Ample‘ - ‘VDL’, skincare-makeup hybrid primer ‘Rose PDRN Prep Base‘ - ‘hince’, flawless glow with high coverage ‘Cover Master Pink Cushion’
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40 42 573 596 6 67% 33% 3Q24 3Q25 Perioe 4% Dr. Groot 5% ON the BODY 5% Physiogel 4% Results by Business Segment– HDB (Home Care & Daily Beauty) 3Q24 3Q25 6.9% 7.1% OP Margin Physiogel Scienceuticals Collagen Renew Dr. Groot Scalp Revitalizing Solution Euthymol Hunter Edition Sales 596bn won(+4.1% yoy), OP 42bn won(+6.8% yoy) • Sales increased with accelerated overseas growth of premium brands - ‘Euthymol‘, solid performance in both domestic and overseas market - Strong digital sales secured offline expansion for ‘Dr. Groot’ in NA* • OP grew despite higher marketing cost with increased premium sales • Strengthened market competitiveness with new product launches - ‘Dr. Groot’, leveraged online success to secure offline expansion in NA - ‘Euthymol’ in collaboration with British brand ‘Hunter Boots’ - ’Physiogel’, launched science based anti-aging care ‘Collagen Renew’ (Unit : bn KRW) (Unit : bn KRW) Sales Operating Profit Sales by Business Sales by Brand Daily Beauty Home Care * NA = North America
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500 513 54 63 10.7% 12.2% OP Margin 68% 32% 3Q24 3Q243Q25 Results by Business Segment– Refreshment 3Q25 7 Cola 45% Energy 12% Hydration 12% Sales 513bn won(+2.4% yoy), OP 63bn won(+16.9% yoy) • Sales grew amidst stagnant market due to effective channel marketing - Strong sales of Zero Cola, Energy, Sports due to favorable weather - Sales growing in on-premise(restaurants, etc.) and online channels • OP growth driven by increased sales and improved cost efficiency • Marketing activities to expand new brand experiences and touch points - ‘Coca-Cola’, Introduced ‘Zero Renewal’ and global ambassador BTS ‘V‘ - ‘Sprite’, sponsored summer music festival ‘Waterbomb Seoul 2025’ - ‘Powerade’, organized ‘Power Run Challenge’ with ‘P’-shaped course Global Ambassador ‘V’ Coca-Cola Waterbomb Seoul 2025 Sprite Power Run Challenge Powerade Sales by Business Sales by Category Carbonated Non-Carbonated Sales Operating Profit (Unit : bn KRW) (Unit : bn KRW)
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Summary Consolidated Financial Statements Debt-to-Equity Ratio 30.2% 24.9% -5.3%p Dec’24 Sep’25 Changes Assets 7,406 7,231 - 175 Current Assets 2,856 2,799 -57 Cash & Cash Equivalents 1,253 998 -256 Accounts Receivable 576 701 125 Inventories 922 897 -25 Non-Current Assets 4,550 4,432 -118 Tangible Assets 2,414 2,288 -126 Intangible Assets 1,964 1,984 20 Investments 89 91 3 Liabilities 1,720 1,444 - 276 Current Liabilities 1,296 1,045 -251 Non-Current Liabilities 424 399 -25 (Total Borrowings) (243) (84) (-159) Shareholders’ Equity 5,686 5,787 101 Retained Earnings 5,696 5,755 60 Income Statement Balance Sheet(Unit : bn KRW) (Unit : bn KRW) 3Q 2024 3Q 2025 YoY (%) Sales 1,714 1,580 -7.8% COGS 837 830 -0.7% Gross Profit 877 750 -14.5% SG&A 771 703 -8.8% Operating Profit 106 46 -56.5% (OP Margin) (6.2%) (2.9%) (-3.3%p) Profit Before Tax 104 33 -68.6% Net Profit 74 23 -68.2% Net Profit Attributable to Shareholders of Parent Company 68 18 -73.1% 3Q YTD 2024 3Q YTD 2025 YoY (%) Sales 5,202 4,883 -6.1% COGS 2,456 2,449 -0.3% Gross Profit 2,746 2,433 -11.4% SG&A 2,331 2,190 -6.0% Operating Profit 416 243 -41.4% (OP Margin) (8.0%) (5.0%) (-3.0%p) Profit Before Tax 401 222 -44.6% Net Profit 294 165 -43.7% Net Profit Attributable to Shareholders of Parent Company 275 152 -44.8% * Above results are unaudited. 8
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Disclaimer 9 The financial information in this document is consolidated earnings results based on K-IFRS. Please note that this document is provided solely for the convenience of investors prior to the audit by external auditors and hence the figures in this document are subject to change during the auditing process. The financial information contained in this document should not be utilized for any legal purposes in regards to investors’ investment results and the Company hereby expressly disclaims any and all liability for any loss or damage resulting from the investors’ reliance on the information contained herein. All information in this document is based on the facts, assumptions, and standards available as of the date hereof and, therefore, the Company assumes no responsibility for updating or revising any information contained herein, regardless of the occurrence of new information, future events, or otherwise.