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Coway Announces Financial Results for Q1 FY2026
Coway said strong domestic and overseas demand lifted first-quarter sales, while net rental account additions rose 81.8% to 188,000.
- On May 8, 2026, Coway Co., Ltd. reported first-quarter revenue of KRW 1,329.7 billion, up 13.2% year-over-year, with operating profit rising 18.8% to KRW 250.9 billion.
- Domestic revenue grew 9.5% to KRW 742.8 billion, driven by the 'Coway Festa' promotion launched in late February and new product launches including the Icon Ice Water Purifier 3, BEREX Pebble Chair 2, and 'Therasol.'
- BEREX bed sales achieved a 30% year-over-year increase, while net rental account additions reached 188,000 in the first quarter, up 81.8% from the same period last year.
- Overseas subsidiaries generated KRW 537.0 billion in revenue, a 20.2% increase, with Malaysia reaching KRW 406.2 billion and Thailand and Indonesia also growing, though the United States declined 4.1%.
- Chief Financial Officer Soontae Kim stated Coway will "sustain profitable growth through innovative product launches and enhanced marketing strategies" going forward in 2026.
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26 Articles
26 Articles
[Digital Daily Reporter Ok Song-i] Coway recorded double-digit operating profit growth in the first quarter of this year. With the expansion of domestic rental sales and the continued growth of its overseas business, the company also set a new record for quarterly revenue. In particular, the BEREX product line and the growth of the Southeast Asian market drove the performance. On the 8th, Coway announced that it recorded consolidated revenue of…
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Total News Sources26
Leaning Left5Leaning Right5Center5Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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