YesAsia Holdings (2209) H1 2026 earnings summary

Executive summary

• Revenue grew 23.2% YoY to $301.51M, driven by strong B2C growth and beauty product sales, with net profit up 30.0% YoY to $18.30M and net margin improving to 6.1%.

• B2C segment contributed $215.07M (+30.5% YoY), led by Latin America, while B2B segment reached $82.75M (+6.2% YoY).

• Offline expansion included a flagship US store in California and experiential events in Madrid and Seoul, boosting brand presence and engagement.

• Influencer-driven marketing generated $85.7M in revenue, up 92% YoY.

Financial highlights

• Gross profit rose 28.2% YoY to $93.98M, with gross margin improving by 120 bps to 31.2%.

• Operating profit increased 30.1% to $24.3M.

• Basic EPS grew 28.0% YoY to 4.39 US cents; diluted EPS up 28.6% YoY to 4.32 US cents.

• Revenue from Europe and Latin America surged, with Latin America up 178.4% YoY.

• Cash and cash equivalents at period end were $13.7M; net cash generated from operations was $4.0M.

Outlook and guidance

• US market expected to remain key despite tariff shocks; Europe and Latin America identified as new growth engines.

• K-beauty expected to remain a global growth driver, with the beauty market projected to reach $590B by 2030.

• Plans for further offline expansion and immersive marketing events globally.

• Focus on supply chain agility and leveraging AI for customer service scalability.