Kurly reported on the 5th that its consolidated revenue last year reached 2.1956 trillion won, a 6% increase compared to the previous year. During the same period, the operating loss decreased to 18.3 billion won, down by 125.3 billion won.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) achieved a surplus of 13.7 billion won. This is an improvement of 121.4 billion won compared to the previous year. This marks the first time Kurly has recorded positive EBITDA since its establishment in January 2015.
A positive EBITDA indicates that a corporation has begun to generate revenue from its operations. It is also an indicator that can estimate a corporation's profitability and actual cash generation ability.
Last year, the total transaction amount (GMV) was 3.1148 trillion won, a 12% increase from the previous year.
Regarding the achievement of its first positive EBITDA, Kurly explained that it is the result of its dual-track strategy focused on both 'profit and growth.' While maintaining a cash flow break-even point to secure future momentum, the incoming cash was used for 'investment in growth,' thus expanding its scope.
The strategy to enhance the competitiveness of its fresh food offerings while expanding categories into non-food segments such as beauty, fashion, and living also proved effective. In particular, beauty transactions increased by 23% last year, maintaining double-digit growth for two consecutive years since the service launch.
'Kurly Members,' which significantly improved benefits like free daily delivery, is also identified as a factor driving performance. As of December last year, the cumulative number of Kurly Members reached 1.4 million, and members accounted for 50% of the total transaction amount.
Additionally, the company stated that expanding dawn delivery areas to the Yeongnam and Honam regions, as well as optimizing logistics centers in Gimpo, Pyeongtaek, and Changwon, contributed to the performance improvement.
A Kurly official noted, 'Last year, we continued to invest in new businesses and customer management, which allowed us to achieve solid growth even in a challenging economy,' adding, 'This year, we will focus more on strengthening our core non-business capabilities and discovering new business opportunities to make it a year of resurgence.'