Seoul – November 06, 2026 -- Coway Co., Ltd. reported third-quarter 2026 revenue of KRW 1,426.1 billion, up 13.7% year on year, while operating profit rose 7.3% to KRW 260.8 billion. The figures are consolidated under K-IFRS.
Overseas subsidiaries grow revenue 26.2% to KRW 591.8 billion
Coway's foreign units grew faster than the domestic business, with sales up across all product categories. Malaysia remained the largest contributor at KRW 428.0 billion, up 21.5%.
The smaller markets grew faster:
- United States: KRW 83.9 billion, up 45.8%
- Thailand: KRW 57.7 billion, up 38.0%
- Indonesia: KRW 16.0 billion, up 21.8%
Domestic revenue rises 2.0% to KRW 754.9 billion as rental accounts surge
Seasonal promotions supported sales of ice water purifiers, beds and massage chairs. New rental sales volume grew 7.3% year on year, and net rental account additions jumped 26.7% to 214,000.
New summer products, including food waste disposers and wall-mounted air conditioners, added to domestic momentum.
CFO ties profitability outlook to rental growth and subsidiary expansion
Chief Financial Officer Soontae Kim said continued net growth in domestic rental accounts and the rapid progress of overseas subsidiaries would secure "top-line expansion" and overall profitability. He cited strong demand for environmental home appliances and robust sales of new product categories as drivers of growth in both domestic and overseas markets.