Coway Co., Ltd. announced its financial results for the third quarter of 2026. Revenue during the quarter reached approximately $1 billion, a 13.7% year-over-year increase. Third quarter operating profit also grew 7.3% year-over-year to approximately $191 million.
The company’s overseas subsidiaries delivered $435 million in revenue, showing a 26.2% year-over-year increase. The US led in year-over-year revenue growth at 45.8%, followed by Thailand with 38%, Indonesia with 21.8% and Malaysia with 21.5%.
Domestically, Coway reported revenue of approximately $555 million, representing a 2% year-over-year increase, which the company attributed to tailored seasonal promotions across key product categories, including ice water purifiers, beds and massage chairs. Third quarter rental sales volume grew 7.3% year-over-year with net rental account additions increasing by 26.7%.
“On top of strong demand for our environmental home appliances, the robust sales of our new product categories have enabled us to maintain a stable growth trajectory in both domestic and overseas markets,” said Soontae Kim, Coway Chief Financial Officer. “By leveraging the ongoing net growth of our domestic rental accounts as well as the rapid progress of our overseas subsidiaries, we are set to secure both the top-line expansion and the overall profitability that will serve as the foundation for solidifying our mid-to-long-term growth.”
