Cosmax (192820) Q2 2026 earnings summary

Executive summary

• Achieved record-high quarterly revenue of 794.9 KRW bn in Q2 2026, up 27.5% year-over-year, with operating profit rising 21.2% to 73.7 KRW bn.

• Growth was broad-based across all regions, with Korea, China, and the US showing strong performance.

• Net profit surged 129.0% year-over-year to 50.0 KRW bn, driven by improved operating leverage and non-operating gains.

Financial highlights

• Gross profit increased 26.3% year-over-year to 142.5 KRW bn, with gross margin stable.

• SG&A expenses rose 32.1% to 68.8 KRW bn, reflecting higher commissions and bad debt expenses.

• Profit before tax jumped 145.3% to 64.7 KRW bn.

• Assets grew to 2,672.1 KRW bn, and equity increased to 710.4 KRW bn.

Outlook and guidance

• Growth momentum expected to continue, especially in the US as it enters a full turnaround phase.

• Skincare category expansion and new product launches anticipated to drive further gains.