Coway Reports Impressive Financial Growth in Q2 of FY2025 as New Products Drive Sales
Coway's Q2 FY2025 Financial Results
On August 8, 2025, Coway Co., Ltd., recognized as the 'Best Life Solution Company,' unveiled its robust financial performance for the second quarter of 2025. The company has demonstrated remarkable resilience and growth, attributing its success to consistent investments in research and development (R&D), marketing, and digital transformation initiatives.
Financial Highlights
In Q2 2025, Coway reported a revenue of KRW 1,258.9 billion, marking a 16.3% increase year-on-year (YoY). Alongside this revenue growth, the company's operating profit rose to KRW 242.7 billion, a 14.9% YoY increase. The cumulative revenue for the first half of the year stands at KRW 2,433.8 billion, with an operating profit of KRW 454.0 billion.
The domestic segment saw revenues of KRW 730.3 billion, up 11.4% compared to the previous year, driven primarily by the successful launch of innovative products like the Icon Pro Water Purifier and the NOBLE Dehumidifying Air Purifier. The strength of Coway's rental business model is underscored by an addition of 160,000 new rental accounts, indicating a thriving market presence in South Korea.
Internationally, Coway's revenues from overseas subsidiaries climbed to KRW 472.8 billion, reflecting a significant growth of 23.7% from Q2 last year. Key highlights from the international market include the Malaysian subsidiary, contributing KRW 355.5 billion in revenue (up 23.9% YoY), followed by the USA with KRW 58.1 billion in revenue (a modest 1.0% increase) and Thailand showing impressive growth with KRW 42.9 billion, marking a staggering 49.5% YoY increase.
Strategic Direction for the Second Half of 2025
Coway's Chief Financial Officer, Soon Tae Kim, emphasized the company's commitment to solidifying its market leadership through ongoing sales momentum. As the year progresses, Coway plans to focus on enhancing its flagship product lines, particularly its ice water purifiers and the BEREX line of massage beds and chairs. This strategic decision aligns with Coway's mission of providing innovative solutions that enhance the well-being of its customers.
About Coway Co., Ltd.
Established in 1989, Coway has grown to be a leader in the environmental home appliance industry, offering a wide range of products that promote health and comfort, such as water and air purifiers, bidets, and mattresses. The company is well-known for its extensive research, engineering excellence, and exceptional customer service, making significant contributions to the quality of life of its users.
As part of its continuous innovation drive, Coway has diversified its product offerings, launching the Coway Life Solution platform this year. This premium elder care service aims to provide personalized solutions suited for various life stages, showcasing Coway's commitment to addressing the evolving needs of its consumers.
Today, Coway operates in multiple international markets, including Malaysia, the USA, Thailand, China, Indonesia, Vietnam, and Europe. The company is dedicated to expanding its reach while upholding its reputation for quality and innovation.
For further insights into Coway's financial performance and product offerings, interested parties are encouraged to visit Coway's Investor Relations page or access their newsroom.
Topics Consumer Products & Retail）
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