#South Korea #Seoul #financial results #home appliances #Coway

Coway Sees Significant Growth in Q3 FY2026

On November 5, 2026, Coway Co., Ltd., recognized as the "Best Life Solution Company," released their financial results for the third quarter of FY2026. The report highlights continued demand for Coway's innovative environmental home appliances, reflecting a strong performance across their product categories both domestically and internationally.

Coway's Chief Financial Officer, Soontae Kim, noted the crucial role of new product launches and solid rental account growth in driving the company's financial success. He emphasized that "strong demand for our environmental home appliances and stable sales momentum from new product categories have enabled us to maintain a positive growth trajectory. This development will support our long-term growth plans."

Financial Highlights

Coway's third-quarter financial results showcase impressive figures:

• - Total Revenue: KRW 1,426.1 billion (up 13.7% year-over-year)
• - Operating Profit: KRW 260.8 billion (up 7.3% year-over-year)

The domestic market contributed to this growth with a revenue figure of KRW 754.9 billion, reflecting a year-over-year increase of 2.0%. Increased consumer interest, driven by seasonal promotions around key products, played an essential role in these sales figures, influencing categories like ice water purifiers, beds, and massage chairs.

Rental Market Dynamics

In terms of rental sales, Coway witnessed a notable growth in new rentals, increasing by 7.3% compared to last year, along with net rental account additions surging by 26.7%, totaling 214,000. New summertime products such as food waste disposers and wall-mounted air conditioners were particularly successful, contributing to this strong performance.

International Success

Analyzing the results from Coway's overseas operations, the numbers speak volumes about their expanding global presence. The international subsidiaries amassed a total revenue of KRW 591.8 billion, marking a substantial year-on-year growth of 26.2%. Specific markets reported exceptional performances:

• - Malaysia: KRW 428.0 billion (up 21.5% YoY)
• - United States: KRW 83.9 billion (up 45.8% YoY)
• - Thailand: KRW 57.7 billion (up 38.0% YoY)
• - Indonesia: KRW 16.0 billion (up 21.8% YoY)

These figures underscore Coway's sustained competitiveness on the international stage.

Commitment to Excellence

Established in 1989, Coway has firmly positioned itself as a leading innovator focused on improving quality of life through advanced home appliances. The company's product lineup is not only well-received in Korea but has also gained traction across key global markets. Iconic products like water purifiers, air purifiers, and the premium wellness brand BEREX, which includes smart mattresses and advanced massage chairs, continue to elevate the lifestyle experience worldwide.

In response to ongoing market demands, Coway invests heavily in research and development, reinforcing its commitment to delivering top-quality wellness solutions that resonate with consumers.

For additional information on Coway’s financial performance and other investor-related inquiries, please visit Coway's Investor Relations page.

As Coway continues to explore opportunities in emerging markets and strengthen its foothold in established sectors, anticipation builds around its future innovations and sustained financial growth. The quarterly report reveals a promising outlook for the remaining fiscal year, outlining a roadmap for ongoing success in both domestic and international markets. With a strong pipeline of new products and a robust rental service strategy, Coway looks set to maintain its trajectory toward holistic growth and sustainability in the coming years.