Cosmax Achieves Record-High Q1 Sales... K-Beauty Drives Growth Across Korea, US, and China

Net Profit Surges 312% Year-on-Year to KRW 43.8 Billion

Global cosmetics ODM company Cosmax achieved its highest-ever first-quarter sales, driven by balanced growth across its Korean, US, and Chinese subsidiaries.

On May 12, Cosmax announced that its consolidated sales for the first quarter of 2026 reached KRW 682 billion, a 16% increase compared to the same period last year. Operating profit grew by 3% to KRW 53 billion. Net profit surged 312% to KRW 43.8 billion.

Sales at the Korean subsidiary increased by 17% to KRW 423.2 billion. The expansion in global demand for K-skincare fueled growth in key export items such as sun care, gel masks, and mists, while direct exports to overseas clients rose by more than 30%.

The Chinese subsidiary posted record quarterly sales of KRW 194.7 billion, an increase of 20%. The launch of new products by emerging brand clients and the diversification of its sales structure from an online focus to include offline and export channels supported this growth. The recovery in cosmetics consumption in China also had a positive impact.

Sales at the US subsidiary rose by 46% to KRW 42 billion. The expansion of local indie brand clients led to increased new product orders and reorders, with balanced growth across categories such as lip products, blushers, and body care. The company expects the US subsidiary to break even on a quarterly basis within the first half of the year.

The Thai subsidiary recorded a 2% increase with KRW 24.3 billion in sales, while the Indonesian subsidiary fell by 23% to KRW 22.7 billion, affected by weakened consumer sentiment and political uncertainty. Cosmax plans to pursue recovery by diversifying its client base and expanding exports to neighboring markets such as India.

A Cosmax spokesperson stated, "With growing global demand for K-beauty, our Korean, Chinese, and US subsidiaries all achieved meaningful results through balanced growth." The spokesperson added, "We will continue to strengthen synergies among our global subsidiaries and expand into emerging markets to further enhance our competitiveness as the world's top cosmetics ODM company."

This content was produced with the assistance of AI translation services.