Coway Announces Financial Results for Q2 FY2026

Coway Co. Ltd. unveiled its Q2 FY2026 financial results, highlighting robust growth across various segments. Chief Financial Officer Soontae Kim credited the second-quarter surge to "steady increases in our sales volume and expansion across our rental accounts both domestically and globally."

For the second quarter, Coway posted KRW 1,442.2 billion in revenue, a 14.6% year-over-year increase. Operating profit followed suit at KRW 253.2 billion, reflecting a 4.3% YOY growth. These figures are derived from the consolidated K-IFRS statement.

On a half-year basis, the company reported KRW 2,771.9 billion in revenue, up 13.9% YoY, alongside an operating profit of KRW 504.1 billion, marking an 11.1% YOY increase.

Domestic market revenue reached KRW 786.8 billion, up 7.7% YoY, driven by strong sales of ice-making water purifiers, mattresses, and massage chairs under the BEREX brand. BEREX's innovative products, such as the 'BEREX R Series Stretching Motion Bed' and 'BEREX M Series Massage Bed,' contributed to its expansion in the domestic sleep-tech market.

The rental portfolio's diversification, including wall-mounted air conditioners, food waste disposers, and home medical devices, spurred a 51.6% YoY surge in domestic net rental account additions, totaling 242,000.

Overseas subsidiaries also performed well, generating a combined KRW 587.5 billion in revenue, representing a 24.2% year-over-year increase. Notably, subsidiary sales showed balanced growth across all product categories: Malaysia (KRW 434.5 billion, +22.2% YoY), United States (KRW 66.9 billion, +15.2% YoY), Thailand (KRW 66.0 billion, +53.9% YoY), and Indonesia (KRW 13.3 billion, +12.2% YoY).