Kurly Marks Milestone: First Quarterly Profit Amid 15% Growth

Seoul, South Korea - Kurly reported its first consolidated operating profit on Tuesday, reaching a significant milestone in its decade-long history.

Kurly's quarterly report showed sales of KRW 580.7 billion (US$408.4 million) for the first quarter of 2025, an 8% increase year-over-year. 

The company recorded an operating profit of KRW 1.76 billion (US$1.24 million), improving by KRW 1.95 billion compared to last year.

The firm's total transaction volume (GMV) grew to KRW 844.3 billion (US$593.8 million), a 15% increase despite challenging economic conditions. 

According to data from Statistics Korea, this growth rate significantly outpaced the national online shopping growth rate of 2.6% for the quarter.

While Kurly previously reported a standalone operating profit of KRW 525.7 million in the first quarter of 2024, this marks the first time the company has achieved profitability on a consolidated basis.

The company attributed its performance to steady growth in core segments and business diversification efforts. 

The food category experienced 16% transaction volume growth year-over-year. 

The Beauty Kurly division maintained consistent performance through sales of luxury and independent brands.

Third-party seller products emerged as a key growth driver, with first-quarter transaction volume increasing 72% compared to the previous year. 

The company's fulfillment service expanded by increasing its presence in home and kitchen categories while adding new vendor partnerships.

Beyond operating profit, Kurly reported adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of KRW 6.7 billion (US$4.71 million), representing a 2.3% improvement over the first quarter of 2024. 

Cash and cash equivalents stood at KRW 220 billion (US$154.7 million).