Silicon2 FY 2025 Annual Report
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Filed: March 20, 2026· period ending December 31, 2025DART

Silicon2 annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 20, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).

Silicon2 FY 2025 Annual Report Analysis

Business Overview

  • Global K-Beauty distribution platform with KRW 1.12T revenue in FY2025, 93.39% from Wholesale (CA) segment
  • Operates 22,000 SKUs in BM (Brand Management), providing curated K-Beauty products globally in 175 countries

Management Discussion & Analysis

  • Revenue KRW 1.12T (+61.42% YoY), operating profit KRW 205.4B (+49.27%), net income KRW 168.6B (+39.63%)
  • Cosmetics segment revenue KRW 1.12T, driving full company sales growth of KRW 425B YoY, led by increased sales in UK KRW 71.3B (+271%), UAE KRW 78.1B (+109%), Indonesia KRW 49.0B (+58%)

Risk Factors

  • KRW 525.9B FX exposure end-FY2025, 10% USD/EUR rate move impacts pre-tax profit by ±KRW 52.6B, up from ±KRW 12.7B prior year
  • New derivative FX swap liability KRW 20.4B related to USD 15M currency swap contract at end-FY2025

Silicon2 FY 2025 Key Financial Metrics
DART

Total Assets

KRW 709.4B

+55.0% YoY

Operating Cash Flow

KRW 1.1B

-98.1% YoY

CapEx

KRW 6.9B

-90.9% YoY

Source: KIFRS consolidated financial data from Silicon2 annual report on DART. All figures in KRW.

Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding