APR Posts Record Quarterly Revenue of 773.1 Billion Won as Operating Profit Rises 68.9%
Key Facts
South Korean company APR reported preliminary consolidated third-quarter 2026 revenue of 773.1 billion won and operating profit of 160.6 billion won. Revenue rose 100.3% from the same period a year earlier, while operating profit increased 68.9%, according to Chosun Biz. The company said quarterly revenue reached a record level despite relatively few major discount events at key global distribution channels and the continued strength of the won. The performance reflected wider sales outside South Korea, alongside expansion across online and in-store channels in key markets. Distribution efforts focused on the United States and Europe, whose shares of revenue increased as overseas sales grew.
Revenue for the first nine months of the year totaled 2.134 trillion won, while operating profit reached 503.5 billion won. Both figures exceeded the full-year revenue and operating profit recorded in the previous year, the company said. Revenue from its flagship Medicube brand alone also surpassed 2 trillion won cumulatively through the end of the third quarter. The figures put the company’s performance this year above the prior full-year total before the start of the final quarter. Revenue grew faster than operating profit in the third quarter, rising 100.3% and 68.9%, respectively, year over year.
Overseas revenue reached 722.9 billion won in the third quarter, up 135% year over year, accounting for about 94% of APR’s total revenue. Sales outside South Korea therefore provided most of quarterly revenue, according to figures reported by Chosun Biz. North America and Europe together increased their share of revenue to 69%, compared with 47% in the third quarter of the previous year. North America alone accounted for 46%, versus 23% for Europe. The distribution shows the two regions’ larger relative weight in the sales mix over one year, alongside growth in overseas revenue.
APR attributed its performance growth to expanding online sales and in-store distribution networks, with a focus on the United States and Europe. The company expanded its sales channels this year to include Target, Walmart and Costco stores, according to Chosun Biz. It also plans to enter about 3,000 CVS Pharmacy stores in the United States during the year. The move gives the company additional reach across an extensive retail network, following its expansion at other major chains. Channel growth comes as overseas revenue reached about 94% of quarterly revenue and North America and Europe accounted for 69% of it.
The company plans to continue expanding online and in-store sales networks in key markets, including North America and Europe, ahead of the fourth-quarter shopping season. APR said it expects sales in those markets to continue expanding as the global shopping season arrives, according to Chosun Biz. It said it is working on products and offers suited to local demand in those markets. The strategy follows 135% growth in overseas revenue in the third quarter and the expansion of sales channels into major U.S. retailers. The final quarter will coincide with the season the company expects to support continued sales growth in key markets.