Coway stock comes into focus as overseas growth lifts Q3 results

Published on 11/10/2026 at 03:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Coway stock is in focus after the company reported stronger third-quarter sales and operating profit. Overseas subsidiaries led growth, with Malaysia remaining the largest market.

Overseas Growth Drives Coway Results

International subsidiaries expanded faster than Coway's domestic business in the third quarter.
Malaysia remained the largest overseas market, while the United States, Thailand and Indonesia also posted growth.
New rental accounts and recently launched home appliances supported domestic performance.

Coway, KR7021240007, Illustration mit AI erstellt.

Coway reported stronger third-quarter results on November 6, 2026, as overseas subsidiaries expanded and domestic rental demand improved. According to the company's financial results release, consolidated revenue reached KRW 1,426.1 billion and operating profit rose to KRW 260.8 billion in the third quarter.

Overseas Markets Lead Expansion

Revenue from overseas subsidiaries increased 26.2 percent year over year to KRW 591.8 billion. Malaysia remained the main international contributor, with quarterly revenue of KRW 428.0 billion, up 21.5 percent from a year earlier.

The United States generated KRW 83.9 billion, an increase of 45.8 percent. Thailand and Indonesia also delivered double-digit growth, with revenue rising 38.0 percent and 21.8 percent, respectively.

Rental Demand Supports Domestic Business

Coway's domestic revenue grew 2.0 percent year over year to KRW 754.9 billion. New rental sales increased 7.3 percent, while net rental account additions rose 26.7 percent to 214,000.

The company said seasonal promotions supported sales of ice water purifiers, beds and massage chairs. New product categories, including food waste disposers and wall-mounted air conditioners, also contributed to the quarter.

Business Model And Market Position

Coway, headquartered in the Republic of Korea, sells and rents environmental home appliances and wellness products. Its portfolio includes water purifiers, air purifiers, bidets, mattresses and massage chairs under the BEREX brand. The company operates in South Korea and international markets including Malaysia, the United States, Thailand, China, Indonesia, Vietnam and Europe.