Kurly Posts First Annual Operating Profit for 2025

Seoul, South Korea - Kurly reported an annual operating profit of KRW 13.1 billion (US$8.9 million) for fiscal year 2025, marking the company's first annual profit.

According to the company's earnings call on March 4, consolidated revenue rose 7.8 percent year-on-year to KRW 2.36 trillion (US$1.6 billion).

Total gross merchandise volume increased 13.5 percent to KRW 3.53 trillion (US$2.4 billion). The company recorded an operating profit in each quarter of the year.

Kurly's fourth-quarter gross merchandise volume increased 16.2 percent, representing the largest quarterly increase reported by the company in three years.

Citing Statistics Korea data, Kurly stated that its annual gross merchandise volume growth rate was more than twice the national average for online shopping.

The company attributed the results to growth in its fresh food and beauty segments, as well as expansion of third-party logistics operations.

Gross merchandise volume for Market Kurly increased 11 percent year-on-year. The company's third-party gross merchandise volume, which includes its Fulfillment by Kurly service for external sellers, rose 54.9 percent over the same period.

Kurly N Mart, a service launched with Naver in September 2025, reported average monthly gross merchandise volume growth of over 50%.

The company stated that operational changes at its Gimpo, Pyeongtaek, and Changwon logistics centers reduced its cost-of-sales ratio by 1.5 percentage points year-on-year. Selling, general, and administrative expenses increased by 0.2 percentage points.

By the end of 2025, the company reported a year-on-year increase of more than 30 percent in monthly active users.

Kurly Members, the company's paid subscription service, reached approximately 1.4 million users, adding more than 200,000 subscribers in the fourth quarter.