Coway
May 9, 2025
SEOUL, South Korea, May 9, 2025 --
Coway reported first-quarter 2025 revenue of 1,174.9 billion won, or about 1.17 trillion won, up 17.3 percent from a year earlier. Operating profit rose 9.0 percent to 211.2 billion won and net profit rose 8.8 percent to 138.8 billion won.
Domestic revenue rose 10.8 percent to 678.6 billion won, with net rental account additions up 63 percent to 103,000. Overseas revenue climbed 25.8 percent to 446.7 billion won, led by Malaysia at 328.9 billion won, up 22 percent, the United States at 60.0 billion won, up 33.7 percent, and Thailand at 42.9 billion won, up 43.9 percent.
The company said it is carrying out a 110 billion won treasury share buyback under its corporate Value-Up plan and is expanding into new businesses including Coway Life Solution, its senior care brand. Chief Financial Officer Soon Tae Kim commented on the results.