Coway, the “Best Life Solution Company,” reported its financial results for the first quarter of 2025.
“Coway achieved solid results across both domestic and global markets,”
said Soon Tae Kim, Coway’s Chief Financial Officer.
“These achievements were driven by our continued rollout of customer-centric, innovative new products, as well as the strengthening of our strategic marketing activities. In the second quarter, we will continue to remain agile within an ever-changing market while enhancing our products and service competitiveness and accelerating the expansion of our elder care business, Coway Life Solution, in order to ensure stable, long-term growth.”
Coway Financial Results
Coway reported the following earnings:
– First-quarter revenue: KRW 1,174.9 billion (+17.3% YoY)– First-quarter operating profit: KRW 211.2 billion (+9.0% YoY)
* The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.
Coway’s domestic business recorded a first-quarter revenue of KRW 678.6 billion, marking a year-on-year increase of 10.8%. This growth was driven by a 63.0% year-on-year rise in net rental account additions, totaling 103,000 in Q1. It was also driven by the strong sales of such new product launches as the Looloo Double Care Bidet 2 and the NOBLE 2.0 Air Purifier series, as well as the continued popularity of key product lineups including the