Korea Stock Market Insights

Tag: Amorepacific

(002790) AMOREPACIFIC Holdings Corp. Stock: A 2025 Analysis & Investment Outlook
Recent corporate disclosures, like the one from AMOREPACIFIC Holdings Corp. regarding its treasury stock disposal, often fly under the radar. However, for the discerning investor, these events serve as a crucial entry point for a deeper evaluation of a company’s strategic health and future trajectory. While the disposal itself, announced on November 6, 2025, is minor, it prompts a vital question: What is the true fundamental value and long-term investment potential of AMOREPACIFIC Holdings Corp. stock in today’s dynamic market?

This comprehensive analysis moves beyond the headline to dissect the company’s robust H1 2025 performance, identify key growth drivers, and weigh them against potential risks. We’ll provide clear insights to help you make more informed decisions about your investment in AMOREPACIFIC Holdings Corp.

The Treasury Stock Disposal: A Minor Event

On November 6, 2025, AMOREPACIFIC Holdings Corp. announced the disposal of 2,124 treasury shares, valued at approximately KRW 100 million. The stated purpose was to provide performance-based bonuses for employees. You can view the Official Disclosure on the DART system for full details.

While using stock for employee compensation can align interests and boost morale, the scale of this transaction is negligible. It has no material impact on the total number of outstanding shares or the company’s overall valuation. Therefore, investors should view this as a routine operational matter rather than a significant signal for the stock’s direction. The real story lies within the company’s core business fundamentals.

While the treasury stock disposal is a non-event for the market, the underlying fundamentals of AMOREPACIFIC Holdings Corp. present a compelling mix of robust international growth and persistent domestic challenges, warranting a neutral but watchful investment stance.

Core Fundamentals: Growth vs. Headwinds

To truly assess the investment value of AMOREPACIFIC Holdings Corp., we must look at its financial performance and strategic positioning. The first half of 2025 painted a promising picture, with sales reaching KRW 2,259.7 billion (a 12.3% year-over-year increase) and operating profit soaring to KRW 209 billion (a 119.4% increase).

Positive Fundamentals: The Growth Engines
- •Explosive Overseas Growth: The international business surged by an impressive 26.6%, serving as the primary performance driver. This was fueled by a successful restructuring of the China business and the strategic acquisition of the popular brand COSRX, which has resonated with a global audience. This diversification reduces reliance on any single market.
- •Strong Brand Equity: In its home market, luxury brands like Sulwhasoo and Hera maintain a powerful competitive moat. Furthermore, the expansion of AESTURA into the derma-specialized category is tapping into a high-growth segment, showcasing the company’s ability to innovate and capture new Korean beauty trends.
- •Shareholder-Friendly Actions: Beyond operations, the company’s commitment to R&D and past decisions on treasury stock cancellation are positive signals for those focused on long-term shareholder value enhancement.
Negative Fundamentals & Risks to Monitor
- •Intense Domestic Competition: The South Korean cosmetics market is hyper-competitive. The rise of agile indie brands and shifting consumer preferences pose a constant threat, as evidenced by the sales decline in some subsidiaries like Innisfree.
- •China Market Volatility: While restructuring has helped, the Chinese market remains sensitive to fierce local competition and rapid shifts in consumer sentiment. Any geopolitical or economic shifts could impact this key region.
- •Macroeconomic Pressures: Global factors cannot be ignored. A strengthening won against the dollar could erode profitability from overseas sales. Additionally, volatility in raw material prices could increase production costs, squeezing margins. Investors should monitor the global macroeconomic environment closely.
2025 Investor Action Plan for AMOREPACIFIC Stock

Given the balance of strong growth drivers and tangible risks, our outlook for AMOREPACIFIC Holdings Corp. is Neutral. This rating suggests that while the stock is not a clear ‘buy’ for aggressive growth seekers, it holds potential for patient, long-term investors who are confident in its international expansion strategy. Investors should focus on the company’s fundamental performance rather than minor events.

Your strategy should involve continuous monitoring of key performance indicators. Pay close attention to quarterly reports for updates on overseas market growth, particularly in North America and emerging markets beyond China. Evaluate the company’s initiatives to revitalize its domestic brands and gain market share. Finally, keep an eye on macroeconomic trends like exchange rates and commodity prices, which can significantly influence profitability.
11/06/2025
(090430) AMOREPACIFIC Value Enhancement Plan: A 2025 Analysis of Promises vs. Profits
The AMOREPACIFIC Value Enhancement Plan for 2025 has been presented as a bold roadmap to future growth, expanded shareholder returns, and improved governance. While the company paints a compelling picture, a closer look at its financial forecasts reveals a stark and worrying contradiction. With projected annual earnings on a sharp decline, despite positive first-half results, investors are left to question the plan’s feasibility. This comprehensive AMOREPACIFIC 2025 analysis will dissect the promises, scrutinize the financial data, and outline a prudent AMOREPACIFIC investment strategy to navigate the uncertainty ahead.

Deconstructing the Value Enhancement Plan

First unveiled in late 2024, AMOREPACIFIC’s plan is built on ambitious financial and non-financial pillars. The company is committing to tangible targets designed to bolster corporate value and investor confidence. You can view the complete details in the Official Disclosure filed with DART. The core objectives include:
- •Financial Targets: Achieving 10% annual revenue growth, a 12% operating profit margin, and a 7-8% Return on Equity (ROE).
- •Shareholder Returns: Expanding returns through mechanisms like increased dividend payouts.
- •Governance & ESG: Improving compliance with core governance indicators and strengthening sustainable management through climate change and circular economy initiatives.
- •Global Growth: Accelerating global rebalancing with a focus on brand competitiveness in new markets.
On paper, these initiatives signal a strong commitment to long-term growth and transparent communication. However, the plan’s success is entirely dependent on the company’s underlying financial health, which is where significant concerns arise.

A Tale of Two Halves: 2025 Financial Performance

The primary source of confusion and risk for investors is the dramatic disconnect between the company’s reported first-half performance and its grim full-year forecast.

Positive First-Half Momentum

AMOREPACIFIC’s Q2 2025 report showed impressive growth, with consolidated revenue rising 14.1% and operating profit soaring by 149.1%. This was fueled by strong overseas expansion in the Americas and EMEA, coupled with the successful integration of the acquired brand COSRX. Core brands like Sulwhasoo and Laneige also demonstrated robust performance.

An Alarming Full-Year Forecast

Despite the positive start, long-term projections tell a different story. Financial estimates indicate a continuous decline in revenue since 2022 and, most critically, a projected operating loss for the full year of 2025. This downturn points to severe challenges that could intensify in the second half of the year, including:
- •Sluggish China Market: The slow recovery in China, a historically vital market, highlights vulnerability to intense local competition and shifting consumer preferences.
- •Financial Strain: The acquisition of COSRX has increased the debt-to-equity ratio to 114.65%, requiring meticulous financial management to ensure stability.
- •Economic Volatility: Global uncertainties, including fluctuating exchange rates, could impact profitability despite some potential gains from a weaker Korean Won. For more on market trends, see this global economic outlook report.
The core issue is the severe discrepancy between the company’s ambitious Value Enhancement Plan and the projected deterioration in its financial performance. The market will ultimately prioritize actual results over stated intentions.

Crafting a Prudent AMOREPACIFIC Investment Strategy

Given the conflicting signals, a cautious and analytical approach is essential. The disclosure of the AMOREPACIFIC Value Enhancement Plan is a positive step in shareholder communication, but it cannot mask the underlying financial headwinds.

Key Recommendations for Investors:
- •Adopt a Cautious Stance: Aggressive investment at this time is inadvisable. The risk of earnings deterioration in the second half of 2025 is significant and must be carefully weighed.
- •Monitor Key Performance Indicators: Closely track future quarterly earnings reports. Pay special attention to the pace of recovery in China, concrete growth figures from other overseas markets, and the company’s cost management efficiency.
- •Re-evaluate Valuation: The current market capitalization may not accurately reflect the anticipated decline in earnings. As new data becomes available, it will be crucial to reassess if the stock’s valuation remains attractive. To learn more, read our guide on analyzing beauty stock fundamentals.
In conclusion, while AMOREPACIFIC is making efforts to enhance corporate value, it faces a fundamental challenge in bridging the gap between its strategic goals and its current financial trajectory. Investment decisions should be deferred until there is concrete evidence that the company can navigate its business slump and effectively execute its ambitious plan. The focus must remain on performance, not promises.

Disclaimer: This analysis is for informational purposes only and is based on publicly available data. It does not constitute investment advice. All investment decisions should be made based on your own research and judgment.
11/06/2025
(090430) AMOREPACIFIC Q3 2025 Earnings Analysis: Deep Dive into Profit Beat & Future Outlook
This comprehensive AMOREPACIFIC Q3 2025 earnings analysis unpacks the latest financial results from the K-beauty powerhouse. The recent preliminary earnings announcement for the third quarter of 2025 has sent mixed signals to investors. While a surprising beat in operating profit has generated optimism, misses in revenue and net profit highlight persistent challenges that require careful consideration. This deep dive will explore the key drivers behind these numbers, from the powerhouse performance of overseas markets fueled by the COSRX acquisition to the ongoing sluggishness in the crucial Chinese market.

For investors evaluating their position in AMOREPACIFIC stock, understanding the nuances behind the headline figures is paramount. We will dissect the fundamental strengths, potential risks, and strategic initiatives shaping the company’s future trajectory.

AMOREPACIFIC Q3 2025 Earnings: The Headline Figures

AMOREPACIFIC announced its preliminary consolidated financial results for the third quarter, which can be verified via the company’s Official Disclosure (DART). The results presented a complex picture when compared against market consensus, as reported by sources like Bloomberg.

While the market focused on the revenue miss, the significant outperformance in operating profit suggests underlying operational strengths and successful cost management initiatives are taking hold.
- •Revenue: KRW 1,016.9 billion, a 1% miss compared to the market expectation of KRW 1,031.4 billion.
- •Operating Profit: KRW 91.9 billion, a solid 2% beat against the forecast of KRW 89.8 billion.
- •Net Profit: KRW 66.0 billion, a significant 9% miss from the expected KRW 72.8 billion.
This divergence between operating profit and other key metrics demands a closer AMOREPACIFIC earnings analysis to understand the core factors at play.

Factors Driving the Operating Profit Surprise

The unexpected strength in operating profit wasn’t a fluke. It stemmed from a combination of successful strategic execution and disciplined financial management.

1. Explosive Growth in Global Markets

The standout performer was the overseas business, which saw a remarkable 26.6% increase in sales across the Americas, EMEA (Europe, Middle East, Africa), and other Asian markets (excluding China). This growth is a testament to the rising global demand for K-beauty stocks and brands. Critically, the integration of COSRX has proven to be a masterstroke. The brand’s focus on simple, effective ingredients at an accessible price point has resonated strongly with Western consumers, turbocharging growth in these key regions and validating the company’s M&A strategy.

2. Domestic Market Stabilization and Enhanced Profitability

On the home front, the domestic cosmetics business demonstrated resilience with 5.1% revenue growth. This was achieved by strengthening the competitiveness of core brands and adapting to new growth channels like Olive Young and online live commerce platforms. More impressively, stringent cost controls and a strategic shift toward higher-margin products led to a staggering 149.1% year-over-year surge in domestic operating profit, showcasing a significant improvement in profitability.

Headwinds and Challenges on the Horizon

Despite the positive profit story, the AMOREPACIFIC Q3 2025 earnings also highlighted several risks that investors must monitor closely. For a deeper dive into market trends, you can review our previous analysis of the K-beauty market.
- •Lingering Weakness in China: The modest growth in the Chinese market remains a primary concern. The rise of domestic ‘C-beauty’ brands and shifting consumer preferences create a highly competitive landscape that AMOREPACIFIC must navigate proactively.
- •Macroeconomic Pressures: Volatility in the EUR/KRW exchange rate could impact overseas profitability. Furthermore, rising prices for key raw materials require continuous management through hedging and strategic product pricing.
- •Balance Sheet Scrutiny: While necessary for growth, investments like the COSRX acquisition have led to a higher debt ratio. Additionally, a slowing inventory turnover rate suggests a need for more efficient inventory management to prevent potential writedowns.
Investor Takeaway: A Cautiously Optimistic Outlook

So, what does this detailed AMOREPACIFIC earnings analysis mean for potential investors? The Q3 2025 report paints a picture of a company in transition. The bull case for AMOREPACIFIC stock is built on the phenomenal success of its global diversification strategy, particularly in North America and Europe. The ability to acquire and successfully integrate a high-growth brand like COSRX is a significant long-term positive.

However, the bear case hinges on the persistent challenges in China and macroeconomic headwinds. The key for long-term growth will be the company’s ability to maintain its momentum in Western markets while simultaneously engineering a turnaround in China. Investors should monitor the sustainability of global growth, trends in the Chinese market recovery, and the company’s ongoing profitability management. While short-term volatility is likely, the strategic moves being made today could pave the way for substantial long-term value creation.
11/06/2025
Amorepacific Aims for 44 Trillion Won in Sales: 2026 Forecast and Investment Strategies
Can Amorepacific Achieve its 44 Trillion Won Sales Target?

Amorepacific has set a bold target of 44 trillion won in sales for 2026. Is this a realistic goal? This article delves into the company’s H1 2025 report to thoroughly examine the feasibility of this target, providing investors with crucial information and investment strategies.
1. Amorepacific’s 2026 Forecast: Targeting 44 Trillion Won in Sales

Amorepacific has set its sights on achieving 44 trillion won in sales for the 2026 fiscal year. Considering the positive momentum observed in the first half of 2025, this target appears achievable.

2. Positive Growth Trajectory Confirmed in H1 2025

In the first half of 2025, Amorepacific recorded consolidated revenue of 20.725 trillion won (a 14.1% increase year-on-year) and operating profit of 1.914 trillion won (a 149.1% increase year-on-year). The growth of its overseas business (26.6% increase year-on-year) is particularly noteworthy.

2.1 Analyzing the Growth Drivers
- Cosrx Acquisition: Strengthening the global brand portfolio and creating synergy.
- Overseas Market Expansion: Strong growth in emerging markets such as the Americas and EMEA.
- R&D Investment: Securing future growth engines like functional cosmetics and derma cosmetics.
2.2 Potential Risk Factors
- China Market Uncertainty: Intensifying competition and potential regulatory changes.
- Exchange Rate Volatility: Impact of fluctuations in the KRW/USD and KRW/EUR exchange rates on profitability.
- Raw Material Price Fluctuations: Potential cost burden.
3. Action Plan for Investors

Amorepacific’s growth potential remains high. However, before making investment decisions, consider the following:
- Monitor Overseas Market Growth: Observe the sustainability of performance in the Americas and EMEA markets.
- Analyze China Market Strategy: Review the company’s China market strategy and risk management measures.
- Review Financial Indicators: Check financial soundness, including revenue growth, profitability, and cash flow.
What is Amorepacific’s sales target for 2026?

44 trillion won.

What are the main growth drivers for Amorepacific?

The Cosrx acquisition, overseas market expansion, and continued R&D investment.

What should investors be aware of when considering Amorepacific?

Investors should consider the risk factors, including uncertainty in the Chinese market, exchange rate volatility, and raw material price fluctuations.
09/23/2025
Amorepacific Stock Forecast: Analyzing the Large Holding Report & Investment Strategy
Where is Amorepacific stock headed after the disclosure of Amorepacific Holdings’ large holding report? This article provides a detailed analysis of the disclosure and suggests an objective investment strategy considering corporate fundamentals and the macroeconomic environment. Get all the information you need for your investment decisions through this article based on a report by a top analyst!
1. What’s Happening with Amorepacific?

On September 18, 2025, Amorepacific Holdings disclosed a ‘Report on the Status of Large Shareholdings (General)’ due to insider buying by related parties. Although there was no change in stake, this is interpreted as a positive signal for strengthening management rights and corporate value.

2. Positive Fundamentals Taking Flight

Amorepacific’s performance in the first half of 2025 achieved a turnaround with sales of KRW 2.0725 trillion (+14.1%) and operating profit of KRW 191.4 billion (+149.1%). The acquisition of Cosrx and overseas business expansion had a positive impact, and its stable financial structure is also a strength. Notably, overseas sales account for 45%, highlighting growth in the global market.

3. Macroeconomic Environment: Tailwind or Headwind?

Exchange rate volatility can be positive for overseas sales but burdensome for rising raw material prices. The freezing of interest rates and stable oil prices are positive factors. However, the rising maritime freight index suggests the possibility of increased logistics costs.

4. Action Plan for Investors
- Short-term Perspective: Stabilizing management rights can have a positive impact on stock prices.
- Mid- to Long-term Perspective: An investment strategy should be established while monitoring the sustainability of fundamental improvements, changes in the Chinese market, and the global competitive environment.
- Key Checkpoints: Continuously monitor additional stake changes by Amorepacific Holdings and strategies for securing global market competitiveness.
Frequently Asked Questions

How does the large holding report disclosure affect stock prices?

It can have a positive impact in the short term by strengthening management rights stability, but the long-term impact may vary depending on the company’s fundamentals and the macroeconomic environment.

What is Amorepacific’s future growth outlook?

Positive growth is expected due to the acquisition of Cosrx and expansion into overseas markets, but there are also risk factors such as uncertainty in the Chinese market and intensifying global competition.

What should I be aware of when investing?

Investment decisions should be made by closely monitoring major shareholder stake changes, changes in the global competitive environment, and macroeconomic variables. This report is not investment advice, and investment responsibility lies with the investor.
09/18/2025
Amorepacific’s After-Hours Block Trade: Opportunity or Threat?
A significant after-hours block trade shook Amorepacific’s stock on September 8, 2025. ₩11.9 billion worth of shares changed hands, with foreign investors at the center of the action. Is this a simple profit-taking move, or a sign of something more concerning? We analyze the trade’s implications, Amorepacific’s stock outlook, and what it means for investors.
1. What Happened? Decoding the After-Hours Block Trade
After the market closed on September 8, 2025, a block trade of 100,000 Amorepacific shares, totaling ₩11.9 billion, took place. Foreign investors were active on both the buy and sell sides, but ultimately net sellers dominated the activity.

2. Why Did This Happen? Analyzing the Underlying Causes
This large transaction likely resulted from a confluence of factors. Profit-taking after a recent stock price surge, global macroeconomic uncertainties impacting investor sentiment, and portfolio adjustments by foreign investors are all potential contributors. However, the simultaneous presence of substantial foreign buying suggests continued confidence in Amorepacific’s strong fundamentals and growth potential. Optimism surrounding the COSRX acquisition and growth in overseas markets likely fueled this buying activity.
3. What Happens Next? Assessing Short-Term and Long-Term Impacts
In the short term, increased stock volatility and potential dampening of investor sentiment are possible. However, given the company’s positive first-half results (14.1% revenue growth and 149.1% operating profit growth) and robust fundamentals, the medium to long-term outlook remains positive for stock price appreciation. Continued monitoring of macroeconomic factors like exchange rates, interest rates, and raw material prices, as well as the competitive landscape, is crucial.

4. What Should Investors Do? An Action Plan
- Focus on Fundamentals: Pay attention to Amorepacific’s core strengths, including innovative product development, overseas market expansion, and profitability improvements.
- Monitor Macroeconomic Conditions: Keep a close watch on how fluctuations in exchange rates and interest rates could impact company performance.
- Track Foreign Investor Activity: Analyze foreign investor trading patterns to inform investment decisions.
- Maintain a Long-Term Perspective: Avoid being swayed by short-term volatility and focus on the company’s long-term growth potential.
FAQ
What is the impact of the after-hours block trade on Amorepacific’s stock price?
While short-term volatility is possible, the long-term impact is expected to be limited given the company’s strong fundamentals.
What is the outlook for Amorepacific?
The outlook remains positive for medium to long-term growth, considering the company’s positive H1 results and overseas expansion plans.
What should investors consider?
Investors should focus on fundamentals, monitor macroeconomic conditions, track foreign investor activity, and maintain a long-term perspective.
09/08/2025
Amorepacific IR on September 9th: Is it a good investment opportunity? (2025 Half-Year Performance Analysis)
Amorepacific will hold an Investor Relations (IR) session on September 9, 2025. Following positive results in the first half of 2025, what will be announced at this IR, and how will it impact investors? From the Cosrx acquisition effect and overseas market growth to China market risks, learn about the key takeaways from this IR and potential investment strategies!
1. Amorepacific IR: What’s it about?
Amorepacific will hold a business briefing at the 32nd CITIC CLSA Investors’ Forum on September 9, 2025. This IR will disclose information on H1 2025 performance analysis, future management strategies, and future growth engines. Investors are expected to pay particular attention to the details of overseas market growth and the Cosrx acquisition effect.

2. How did Amorepacific perform in the first half of 2025?
Amorepacific recorded a consolidated operating profit of KRW 191.4 billion in the first half of 2025, showing remarkable growth of 149.1% year-on-year. The solid growth of overseas businesses, centered on the Americas and EMEA, and the Cosrx acquisition effect acted as key growth drivers. Domestic business also maintained stable sales through strengthened channel competitiveness.

3. Carefully consider the positive factors and risks
- Positive factors: Overseas business expansion, Cosrx acquisition synergy, improved profitability, solid financial structure
- Risk factors: Slowdown in the Chinese market, volatility of raw material prices, increase in logistics costs, low ROE
4. Post-IR, how should I plan my investment strategy?
This IR is an important opportunity to confirm Amorepacific’s growth potential and review investment strategies. It is crucial to analyze the IR announcements and market reactions carefully before making investment decisions. Pay close attention to any mention of China market risks and ROE improvement plans.
FAQ
When will the Amorepacific IR be held?
It will be held at 9:00 AM on September 9, 2025.
What are the key topics of this IR?
The main topics are the announcement of the first half of 2025 results, future management strategies, and future growth engines.
What should investors be aware of?
Investors should pay close attention to risk factors such as a slowdown in the Chinese market and raw material price volatility, as well as details on plans to improve ROE.
09/02/2025
Amorepacific’s 2025 APAC IR Event: Analysis of Global Growth Momentum and Investment Strategy
Amorepacific will hold an Investor Relations (IR) session at the APAC Equity & Credit Conference on September 8th. We’ve analyzed the current status and future strategies of Amorepacific, which has garnered attention through its acquisition of Cosrx and expansion into overseas markets. This article provides key information necessary for assessing Amorepacific’s investment value and developing a successful investment strategy.
Amorepacific IR Event: Key Analysis

On September 8, 2025, Amorepacific will hold an IR session for investors at the APAC Equity & Credit Conference. The company will share its business strategies along with its first-half earnings results. We will take a close look at Amorepacific’s growth potential and investment strategies in the global beauty market.

Amorepacific’s Growth Drivers and Investment Opportunities
- Overseas Business Expansion: Demonstrating global competitiveness with a high growth rate of 26.6% in the Americas, EMEA, and Asia. The acquisition of Cosrx is expected to significantly contribute to portfolio diversification and synergy creation.
- Solid Domestic Business: Maintains steady growth of 5.1% through strengthening core brand competitiveness and new growth channel strategies.
- R&D Investment: An R&D investment of 3.33% of sales demonstrates efforts for continuous innovation and securing future growth engines.
- Robust Financial Structure: High retained earnings and a stable debt ratio ensure investment stability.
Risk Factors to Consider When Investing
- Delayed Recovery of the Chinese Market: The slow recovery of the Chinese market requires continuous monitoring and response strategies.
- Changes in the External Environment: Volatility in raw material prices and exchange rates can affect profitability.
- Intensifying Competition: Preparedness for intensifying competition in domestic and overseas markets is necessary.
Action Plan for Investors

The IR session will provide detailed information on overseas market growth strategies, plans to maximize Cosrx synergies, risk management strategies for the Chinese market, R&D investment results, and ESG management enhancement plans. Investors can gain insights needed for investment decisions based on this information. We recommend thoroughly reviewing the IR materials and paying close attention to the management’s presentations.
Frequently Asked Questions

What are Amorepacific’s main growth strategies?
Amorepacific is accelerating growth through overseas market expansion, particularly in the Americas and Asian markets. The company is also pursuing a strategy to diversify its brand portfolio and create synergy effects through the acquisition of Cosrx.

What is Amorepacific’s strategy in the Chinese market?
Amorepacific aims to expand its market share in the changing Chinese market by strengthening brand competitiveness and enhancing digital marketing. The company seeks to maintain growth momentum through careful analysis of the evolving market situation and flexible response strategies.

What is the status of Amorepacific’s ESG management?
Amorepacific carries out various activities for sustainable management and is enhancing corporate value through environmental protection, fulfilling social responsibilities, and establishing transparent corporate governance. Strengthening ESG management is a key strategy for long-term growth.
09/02/2025
Amorepacific’s Turnaround: Analyzing the Recent IR Presentation and Future Stock Outlook
Is Amorepacific Back on Track?

Amorepacific grabbed investors’ attention with a promising turnaround in the first half of 2025. We delve into the details of their recent IR presentation at the UBS Korea Summit 2025, providing insights into the company’s future prospects and investment strategies. Can Amorepacific reclaim its former glory?
1. Amorepacific Announces Impressive H1 2025 Results

On August 25, 2025, at the UBS Korea Summit 2025, Amorepacific held its investor relations (IR) presentation, announcing a strong performance in the first half of 2025. Revenue reached ₩2.0725 trillion and operating profit hit ₩191.4 billion, representing a 14.1% and 149.1% year-on-year increase, respectively.

2. The Keys to the Turnaround

This impressive growth is attributed to the successful acquisition of Cosrx, strengthened online and multi-brand shop channels, and a focus on core categories for each brand. International business played a significant role, with revenue reaching ₩909.4 billion, a 26.6% year-on-year surge. High growth in the Americas and improved profitability in China were key contributors.

3. The IR Presentation’s Message to Investors

Through this IR presentation, Amorepacific aimed to build investor confidence by highlighting its robust fundamentals and future growth potential. The company emphasized its global expansion strategy, digital transformation efforts, and investments in new brands and technologies, signaling its intent to attract international investment.

4. Key Checkpoints for Investors
- Sustained International Growth: Continued growth in the Americas and recovery in the Chinese market are crucial.
- Cosrx Synergy: Investors should monitor the continued growth potential from the acquisition.
- Macroeconomic Factors: Consider external factors such as exchange rates, raw material prices, and the possibility of a global economic slowdown.
- Intensifying Competition: Amorepacific needs to demonstrate differentiated strategies and strong execution in a competitive landscape.
5. Is Amorepacific a Good Investment?

Amorepacific has taken significant strides towards a successful turnaround, backed by strong H1 2025 results. However, investors should carefully consider the key checkpoints mentioned above before making any investment decisions.
Frequently Asked Questions

What were Amorepacific’s revenue and operating profit for H1 2025?

Revenue reached ₩2.0725 trillion and operating profit was ₩191.4 billion, a 14.1% and 149.1% year-on-year increase, respectively.

What are the main growth drivers for Amorepacific?

Key drivers include the Cosrx acquisition, strengthened online and multi-brand shop channels, focus on core brand categories, and international expansion.

What should investors be aware of when considering Amorepacific?

Investors should consider sustained international growth, Cosrx synergy, macroeconomic factors, and intensifying competition.
08/21/2025
Amorepacific’s Q2 2025 Earnings: A Mixed Bag of Growth and Uncertainty

Amorepacific’s Q2 2025: Strong Growth, but with a Catch

Amorepacific posted impressive revenue and operating profit growth in the second quarter of 2025, exceeding market expectations. However, this strong performance was overshadowed by a significant drop in net profit. This article delves into Amorepacific’s Q2 earnings, analyzing the key drivers and highlighting crucial points for investors to consider.

1. What Happened?

Amorepacific reported consolidated revenue of KRW 2.07 trillion and operating profit of KRW 191.4 billion for Q2 2025, representing year-over-year growth of 14.1% and 149.1%, respectively. The company’s luxury brands performed well, and its overseas market diversification strategy paid off. However, net profit came in at KRW 37.6 billion, a 55% decline compared to preliminary estimates.

2. Why Did This Happen?

The robust revenue and operating profit growth were driven by strong performance of luxury and premium brands, the acquisition of Cosrx, and successful expansion in overseas markets, particularly North America and EMEA. The decline in net profit is attributed to increased amortization costs related to the Cosrx acquisition, one-off expenses, and foreign exchange losses.

3. What’s Next?

While Amorepacific has positive growth momentum, the decline in net profit creates uncertainty. Future performance will depend on the sustained impact of the Cosrx acquisition, continued growth in overseas markets, and effective management of foreign exchange and interest rate volatility.

4. What Should Investors Do?

A ‘wait-and-see’ approach is recommended for Amorepacific investments. The positive growth trend and the decline in net profit present conflicting signals. Investors should carefully analyze the detailed financial statements to understand the reasons for the profit decline and assess the sustainability of overseas market growth before making investment decisions.

Q: What are the key takeaways from Amorepacific’s Q2 2025 earnings?

A: Revenue and operating profit showed significant growth, but net profit fell short of expectations. While luxury brands and overseas market expansion drove revenue, costs related to the Cosrx acquisition are likely the main reason for the decline in net profit.

Q: Is it a good time to invest in Amorepacific?

A: A cautious approach is recommended. While the growth momentum is positive, the decline in net profit raises concerns. Investors should analyze future financial statements and market conditions before making investment decisions.

08/20/2025