Cosmax
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Cosmax (192820) investor relations material

Cosmax Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary13 Aug, 2026

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.

  • Global leader in cosmetics ODM, supplying over 4,000 brands in 100+ countries, with 90%+ of sales from ODM contracts.

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

  • Maintains robust R&D, with 5.54% of sales invested in innovation and 1,839 functional approvals and 880 patents.

  • Operates major production hubs in Korea, China, USA, Indonesia, and Thailand, with a total annual capacity of 2.69 billion units.

Financial highlights

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

  • 2026 H1 consolidated revenue: ₩1,476.9B, down from ₩2,398.8B in 2025 H1.

  • Operating income: ₩126.8B (2025 H1: ₩195.8B); net income: ₩93.8B (2025 H1: ₩131.1B).

  • 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.

Outlook and guidance

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

  • Focus on sustainable growth, digital transformation, and global expansion.

  • Targeting 2050 Net Zero, with 2035 interim goal of 50% GHG reduction from 2024 levels.

  • Continued investment in R&D and production capacity, especially in Asia and North America.

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

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Frequently asked questions

Cosmax Inc is a South Korea-based company specializing in the research, development, and manufacturing of cosmetics and personal care products. Operating as an original design manufacturer (ODM), the company provides formulation, packaging, and production services for global beauty brands. Its product range includes skincare, makeup, hair care, and health supplements. The company is headquartered in Seongnam, South Korea, and its shares are listed on the KRX.