#South Korea #Seoul #Coway #BEREX #Junhyuk Bang

Coway's Financial Success in 2025

Coway Co., Ltd., recognized as the "Best Life Solution Company," recently revealed outstanding financial results for the fourth quarter and fiscal year 2025. This impressive performance highlights the company's resilience and strategic direction under the visionary leadership of Chairman Junhyuk Bang.

Fourth Quarter Highlights

In the fourth quarter of 2025, Coway experienced a year-over-year revenue increase of 13.3%, totaling KRW 1,275.4 billion. Operating profit for the same period slightly declined by 1.0%, amounting to KRW 181.6 billion. This demonstrates the company's ability to maintain strong revenue streams, even amidst economic challenges.

Annual Performance Insights

For the fiscal year, Coway reported an annual revenue of KRW 4,963.6 billion, reflecting a remarkable growth of 15.2% compared to the previous year. Operating profits grew by 10.5% to reach KRW 878.7 billion. Such robust growth can primarily be attributed to the launch of innovative product lines and enhancements in existing portfolio offerings.

Key Revenue Drivers: BEREX and Ice Water Purifiers

A significant factor driving Coway's success in 2025 has been the introduction of the BEREX brand - a new cornerstone in the company's revenue strategy. Launched in December 2022, BEREX encompasses a line of wellness products, including beds and massage chairs, which have gained immense popularity. The BEREX segment alone generated consolidated revenues of KRW 719.9 billion, marking a pivotal shift in Coway's revenue model.

Additionally, strong performance in the ice water purifier category contributed greatly to the overall revenue. This product segment resonated well with consumers, further establishing Coway's reputation for high-quality home appliances.

Domestic and International Growth

Coway's domestic business reported a revenue of KRW 2,865.6 billion for the year, an increase of 11.0% from the previous year. This growth trajectory was fueled by the successful sales of ice water purifiers and a notable increase in rental gross adds, which rose by 7.7% year-over-year, totaling 1.85 million rentals.

Internationally, Coway's subsidiaries contributed significantly to the overall success, collectively generating KRW 1,889.9 billion in revenue - a rise of 22.3% from the previous year. The Malaysian subsidiary continued to lead the market with KRW 1,409.5 billion in revenue, achieving a 21.7% increase. Meanwhile, Coway's U.S. operations observed a 10.5% growth, reaching KRW 236.7 billion.

Substantial growth was also noted in Thailand and Indonesia, with respective revenue increases of 38.8% and 67.5%, amounting to KRW 174.4 billion and KRW 50.6 billion. These figures exemplify Coway's success in penetrating diverse markets while tailoring its innovative offerings to meet local demands.

Looking Ahead

As Coway progresses in 2026 and beyond, the company is poised to sustain its growth momentum. CEO Jangwon Seo remarked on the company's commitment to innovation, emphasizing a focus on enhancing research and development capabilities and diversifying product offerings. The goal is to leverage the existing success to expand further into international markets while reinforcing Coway’s core domestic operations.

Conclusion

Coway's financial results for 2025 not only illustrate resilience in a challenging global economic landscape but also reflect successful strategic initiatives that underline the company’s commitment to delivering quality life solutions. With a forward-thinking approach and innovative products like BEREX, Coway is set to thrive in both domestic and global arenas.

For more detailed information about Coway's financial accomplishments and future initiatives, please visit their Investor Relations page.