F&F FY 2025 Annual Report
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Filed: March 18, 2026· period ending December 31, 2025DART

F&F annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 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).

F&F FY 2025 Annual Report Analysis

Business Overview

  • Fashion brand revenue KRW 2.78T in 2025, with 61.0% domestic and 39.0% overseas sales
  • Discovery brand Asian license rights acquired July 2024; first store opened in Changchun, China, November 2024

Management Discussion & Analysis

  • Revenue KRW 1.93T (+2.0% YoY), Operating profit KRW 469B (+4.0%), Net income KRW 401B (+12.6%) in FY2025 consolidated
  • Fashion segment revenue increased KRW 292B (+11.7%) driven by domestic market recovery and overseas brand competitiveness expansion

Risk Factors

  • USD 10% exchange rate change → ±KRW 7.23B impact on net income, EUR 10% change → ±KRW 2.17B impact on net income for FY2025
  • Short-term borrowings due within 1 year KRW 186.3B, up from KRW 65.5B in prior year (including accounts payable and lease liabilities)

F&F FY 2025 Key Financial Metrics
DART

Total Assets

KRW 2.65T

+16.0% YoY

Operating Cash Flow

KRW 355.2B

-10.9% YoY

CapEx

KRW 24.0B

-94.5% YoY

Source: KIFRS consolidated financial data from F&F 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