[Edaily Reporter KYUNG GYEYOUNG ] AMOREPACIFIC CORPORATION posted “surprise earnings” for the second quarter, driven by strong performance in North America, Europe, and Asia amid the popularity of K-Beauty.

AmoreG(002790)(Amore G) announced on the 30th that its consolidated operating profit for the second quarter was 122.8 billion won, a 53.3% increase compared to the same period last year. Preliminary figures for the same period showed revenue rose 14.6% to 1.2543 trillion won, while net income increased 105.7% to 104.5 billion won.

AMOREPACIFIC CORPORATION(090430), the flagship subsidiary, was the driving force behind the improvement in both revenue and profitability. AMOREPACIFIC CORPORATION’s second-quarter consolidated operating profit, disclosed on the same day, was 117.3 billion won, a 59.3% increase from the same period last year. During the same period, revenue rose 17.0% to 1.1759 trillion won, and net income surged 148.1% to 93.4 billion won. These figures exceeded the average consensus estimates compiled by FnGuide Inc., which projected revenue of 1.0846 trillion won and operating profit of 97.0 billion won.

In the domestic market, AMOREPACIFIC CORPORATION saw balanced growth across all business segments—luxury, derma, and hair care. Revenue rose 10% to 610.8 billion won, and operating profit increased 48% to 59.6 billion won.

In particular, both online and multi-brand stores (MBS) posted double-digit revenue growth rates. Online, the “Asepe” event on Amore Mall and collaborations with major platforms proved popular, while in MBS, the derma brands Estra and Ilyoon, along with Hanul, Mamonde, and Primera, showed particularly strong growth. Sulwhasoo posted strong sales driven by its “Yunjo Essence,” and Hera performed well on the back of its “Sensual Nude Gloss” and “Mesh Powder Cushion.”

AMOREPACIFIC CORPORATION’s overseas business posted revenue of 551.6 billion won and operating profit of 71.8 billion won. This represents increases of 28% and 99%, respectively, compared to the second quarter of last year. Within this, revenue from the Americas business rose 57% year-over-year to 210.4 billion won, leading the growth of the overseas business. Sales in Europe, the Middle East, and Africa (EMEA) and in Asia (excluding Greater China) also contributed to the improved performance, rising 63% and 19% year-over-year to 72 billion won and 144.7 billion won, respectively.

However, revenue in Greater China fell 6% year-over-year to 124.5 billion won. This decline was due to the ongoing impact of streamlining offline channels, such as department stores carrying Sulwhasoo products.

At AMOREPACIFIC Holdings’ other subsidiaries—Innisfree, Etude, Espoir, and Amos Professional—revenue and operating profit fell 13% and 51% year-over-year to 105.8 billion won and 4.0 billion won, respectively, due to the impact of distribution channel optimization. O’Sulloc posted growth, driven by strong online sales of gift sets and increased revenue at locations such as the Jeju Tea Museum’s Matcha Station.

AMOREPACIFIC CORPORATION continues its efforts to lead the global beauty and wellness industry through its mid- to long-term vision, “Create New Beauty.” To this end, the Group is continuing to pursue five key strategic initiatives: △Focused development of global core markets (Everyone Global) △Strengthening integrated beauty solutions (Holistic) △Bio-technology-based anti-aging research and development (Ageless) △Agile organizational innovation (AMORE Spark) △AI-driven business transformation (AI First).