Kurly Posts Q3 Revenue of 777.9 Billion Won, an "All-Time High"; Operating Profit Up 63.5%

Operating profit reaches 10 billion won, marking seventh consecutive quarter in the black
Core food and beauty businesses continue to grow, while new ventures post rapid growth

Kurly posted its highest quarterly revenue ever, driven by growth in its food and beauty businesses and the expansion of new ventures. Profitability also improved through cost efficiencies, marking its seventh consecutive quarter of operating profit.

Kurly disclosed on November 10 that its consolidated revenue for the third quarter of this year rose 34.4% year over year to 777.9 billion won. Operating profit increased 63.5% to 10 billion won. Net income came to 6.1 billion won, marking the company's third consecutive profitable quarter.

Cumulative revenue for the first three quarters of this year reached 2.2583 trillion won, equivalent to 95.4% of last year's full-year revenue of 2.3671 trillion won. Cumulative operating profit increased to 6.7 times the figure for the same period last year.

The company's core food and beauty businesses drove the results. Total gross merchandise volume (GMV) in the third quarter rose 32.1% year over year to 1.1496 trillion won. GMV on Market Kurly increased 32.8%, supported by strong sales of restaurant meal replacement products (RMR) developed in collaboration with renowned chefs and convenience food brands such as Charyeonaen. GMV on Beauty Kurly also rose 25%, fueled by the growing number of emerging brands joining the platform and the popularity of functional products such as derma cosmetics.

New ventures also contributed to growth. GMV for third-party (3P) products, which are shipped directly by sellers, increased 32.6% year over year. As Kurly expanded its product range to include fashion and home and living goods, the number of fashion brands on the platform as of September nearly doubled from a year earlier.

Kurly N Mart, launched in collaboration with Naver, continued to grow. Monthly GMV increased tenfold in the year since its launch in September 2025. The volume handled by the Naver Fulfillment Alliance (NFA) grew 21-fold.

Provided by Kurly.

Profitability improved alongside revenue growth and greater cost efficiency. While some expenses increased due to higher use of refrigerants and insulation materials during the summer, selling, general and administrative expenses as a share of revenue fell by 2.1 percentage points year over year. Cash and cash equivalents at the end of the third quarter rose 85.4% to 413.9 billion won, a record high.

Kim Jong-hoon, Kurly's Chief Financial Officer (CFO), said, "The solid growth of our core businesses, combined with the results of our new ventures, enabled us to achieve record quarterly revenue while also strengthening our fundamentals. In the fourth quarter, we will continue to build sustainable business competitiveness by balancing growth and profitability, and accelerate efforts to enhance corporate value."

This content was produced with the assistance of AI translation services.