CTK (260930), a global beauty platform company, announced its provisional results on the 10th, reporting consolidated revenue of 28.96 billion won and operating profit of 470 million won for Q2 2026.
Revenue for the second quarter witnessed a 28.9% increase compared to 22.47 billion won in the same period last year, and it was up 18.4% from the previous quarter's 24.45 billion won. The growth has been attributed to factors such as the expanding global demand for K-Beauty, the increase in logistics fulfillment volume in North America, and the effect of integrating the U.S. OTC production entity COL.
Profitability also improved compared to the previous quarter. The operating profit of 470 million won for Q2 marks a 103.4% increase from the 230 million won recorded in the same period last year and represents a turnaround from an operating loss of 1.74 billion won in the previous quarter. Although some costs from investments in North American production and logistics infrastructure from last year are being reflected, the combination of sales growth and cost efficiency has contributed to the successful shift to an operating profit in the quarter.
Both pretax loss and net loss have significantly decreased compared to the previous quarter. The pretax loss for Q2 stands at 1.05 billion won, down 78.2% from a loss of 4.82 billion won in the previous quarter. The net loss is 1.93 billion won, reduced by 58.3% from 4.62 billion won in the prior quarter.
The company aims to sustain this performance improvement in the second half of the year by focusing on the growth of its headquarters ODM business, stabilizing the North American fulfillment business, and improving the operational rates of the U.S. OTC production entity COL. In particular, the demand for a one-stop beauty platform that combines production, logistics, and regulatory response capabilities is expected to expand in North America, positioning support for small K-Beauty brands entering the U.S. market as a key growth driver.
CTK CEO Jung In-yong stated, "The second quarter marks a period where the results of our efforts in improving our operational structure are becoming evident, with both revenue growth and an operational profit turnaround achieved." He added, "In the second half, we will continue to enhance our consolidated performance and profitability through increasing operational rates at COL, alleviating fixed costs of fulfillment, and expanding the beauty all-in-one service at CTKClip.com."
