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Global Beauty Company – APR Corporation Investor Relations 2026 3rd Quarter 2026 Results 2026.10.30
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2 This presentation contains preliminary consolidated earnings results prepared in accordance with K - IFRS(Korean International Fin ancial Reporting Standards). The Company has early adopted K - IFRS 1118, Presentation and Disclosure in Financial Statements (IFRS 18), from fiscal year 2026. Accordingly, the prior - period financial information for fiscal year 2025 has been restated on the same basis for comparability p urposes. The restated prior - period figures may differ from those previously disclosed by the Company. This presentation has been prepared solely for the convenience of investors prior to the completion of the external auditor’s au dit or review procedures. Accordingly, certain information contained herein may be subject to change upon completion of such audit or revie w. This presentation may contain forward - looking statements that have not been independently verified. These statements relate to f uture events, rather than historical facts, and reflect the Company’s current expectations regarding its future business conditions, financ ial performance and results of operations. Forward - looking statements may include, without limitation, words such as “expect,” “forecast,” “plan,” “anticipa te,” “believe,” “estimate,” “intend,” “target,” “guidance,” “(E),” and other similar expressions. Forward - looking statements are subject to inherent risks and uncertainties, including changes in future business environments, m arket conditions and the Company’s business strategy. As a result, actual results may differ materially from those expressed or implied by such fo rwa rd - looking statements. Any outlook or forward - looking information contained herein is based on information available as of the date of this presentatio n and reflects the Company’s current assumptions and management judgment as of such date. Such information may be revised or updated due to chan ges in market conditions, business environments, strategy or other factors, without prior notice. The Company and its directors, officers, employees and affiliates shall not be liable for any losses or damages arising from the use of, or reliance on, any information contained in this presentation. Disclaimer.
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3 122 128 122 152 149 156 174 244 266 328 386 548 593 768 773 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 3Q 2026 consolidated revenue reaches KRW 773 bn Achieved a new quarterly record with QoQ growth, despite the absence of major events 3Q Revenue Trends (Unit : KRW Bn) Quarterly Revenue Trends (Unit : KRW Bn) Quarterly Revenue Trends Consolidated 122 174 386 773 3Q23 3Q24 3Q25 3Q26
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4 Revenue of KRW 773 bn(+100% YoY), O∙P of KRW 161 bn(+69% YoY), OPM 20.8% O∙P (Pre-IFRS 18 Basis) of KRW 177 bn, OPM 22.9% 3Q25 % of 3Q26 % of YoY Revenue 385,943 100.0% 773,115 100.0% +100.3% Cosmetics/Beauty 272,295 70.6% 682,319 88.3% +150.6% Beauty Device 103,147 26.7% 84,672 11.0% -17.9% Others 10,500 2.7% 6,124 0.8% -41.7% Operating Profit 95,091 24.6% 160,640 20.8% +68.9% O∙P Margin(%) 24.6% - 20.8% - -3.9%p Net Profit 74,634 19.3% 110,188 14.3% +47.6% Net Margin(%) 19.3% - 14.3% - -5.1%p Unit : KRW Mn, % Quarter Note 3rd Quarter Results Note) The Company has early adopted K-IFRS No. 1118, Presentation and Disclosure in Financial Statements (IFRS 18), from the 2026 fiscal year. Accordingly, the prior-period financial information for 2025 has been restated on the same basis to enhance comparability, and the restated figures may differ from those previously disclosed. Consolidated
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5 Cosmetics: Regional, channel and category expansion drove record quarterly revenue of KRW 682 bn (+151% YoY) Beauty Device: Quarterly revenue of KRW 85 bn, supported by steady demand across global markets Revenue By Division 3rd Quarter Results by Division (Unit : KRW Mn) Division 3Q25 3Q26 YoY Key Notes Cosmetics / Beauty 272,295 682,319 +150.6% - Continued triple-digit growth, achieving record-high quarterly revenue - Stronger product portfolio from solid steady-seller sales and new bestseller expansion Beauty Device 103,147 84,672 -17.9% - Global cumulative sales surpassed 8 million units - Revenue declined YoY due to the absence of major global events Others 10,500 6,124 -41.7% - Reduced contribution from non-core businesses Total 385,943 773,115 +100.3% 272,295 682,319 103,147 84,672 10,500 6,124 3Q25 3Q26 Revenue by Division ■ Cosmetics/Beauty ■ Beauty Device ■ Others (Unit : KRW Mn)
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6 Overseas revenue +135% YoY , expanding to 94% of total revenue Combined share of North America and Europe increased significantly (47% → 69%) Revenue By Regions 3rd Quarter Results by Regions 3Q25 3Q26 Regional Breakdown Korea 20% North America 42% Europe 5% Asia 27% Others 5% Overseas 80% KRW 386bn Korea 6% North America 46% Europe 23% Asia 15% Others 10% Overseas 94% KRW 773bn Domestic / Overseas Revenue (Unit : KRW Mn) Overseas Revenue Growth Rate +135% Domestics 78,246 Domestics 50,244 Overseas 307,697 Overseas 722,871 3Q25 3Q26
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7 In 3Q26, the stronger KRW caused both FX losses on foreign-currency receivables and lower KRW-translated revenue, temporarily affecting profitability 3Q 2026 FX Impact on Profitability in Detail Appendix KRW Exchange Rate Trends by Major Currency How FX Flows into P&L 90 100 110 120 2025/07/01 2025/11/26 2026/04/23 2026/09/18 USD/KRW EUR/KRW Start of 3Q26 Source: Seoul Money Brokerage Services, provided by the Bank of Korea Other operating exp. (IFRS 18) 1 FX-denominated receivables Revalued at quarter- end closing rate Net FX-related loss Increase in other operating exp. OPM impact -1.9%p Lower KRW Revenue · Higher COGS Ratio 2 OPM impact -1.7%p Overseas local- currency revenue Lower YTD average rate YoY Lower KRW-translated revenue Higher relative burden of KRW COGS USD +14.8% over about 1 year (EUR +11.3%, same period) USD -12.6% in 3Q26 (EUR -13.2%, same period) Note) Increase: 2026.07.03 vs. 2025.07.01 / Decrease: 2026.09.30 vs. 2026.07.03 USD and EUR gave back most of their gains of about 1 year in just one quarter (3Q26) Total O∙P impact KRW -28bn Total OPM impact -3.6%p
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8 Appendix Financial Statements Summary (Consolidated) Unit : KRW Mn 2025.12.31 2026.09.30 Current Assets 545,836 887,021 Non-Current Assets 225,902 381,886 Total Assets 771,738 1,268,907 Current Liabilities 238,369 384,975 Non-Current Liabilities 87,569 219,927 Total Liabilities 325,938 604,902 Controlling Interest 445,800 664,005 Paid-in Capital 3,893 3,894 Other Paid-in Capital 13,217 13,330 Other Equities 452 - Accumulated Other Comprehensive Income 987 579 Retained Earnings 427,251 646,202 Non-controlling Interest - - Total Equity 445,800 664,005 Balance SheetIncome Statement Note) The Company has early adopted K-IFRS No.1118, Presentation and Disclosure in Financial Statements (IFRS 18), from the 2026 fiscal year. Accordingly, the prior-period financial information for 2025 has been restated under the same basis of presentation to enhance comparability, and the restated figures may differ from those previously disclosed. Unit : KRW Mn FY25 9M26 Revenue 1,527,345 2,134,004 COGS 356,728 474,608 Gross Profit 1,170,617 1,659,396 SG&A 805,071 1,151,691 Other Operating Income 20,266 20,608 Other Operation Expense 24,421 24,848 Operating Profit 361,391 503,465 Profit before Financing and Income Taxes 364,354 506,508 Profit before Income Taxes 364,304 502,225 Income Tax 74,649 133,243 Net Profit 289,655 368,982 Controlling Interests 289,655 368,982 Non-controlling Interest - -