While Billabong and Quicksilver continue to suffer successive losses, this surfwear giant is defying the swell.
Rip Curl has reported a 63 per cent growth in profit for the year to June 30.
Rip Curl has credited strong sales growth in Asia and America for the $23 million profit recorded from continuing operations.
This is up from $14.3 million in 2012/13.
Total revenue rose eight per cent to $430,000 with double digit sales growth in Asia, North America and South America.
Europe was the only market which recorded a decline.
Rip Curl's multi-brand business Ozmosis also recorded declines in comparative sales.
A reduction in discounted stock, reduced overheads and sales growth have been credited for Rip Curl's positive performance.
The company has reported an earnings lift of 35 per cent so far for 2014/15.