SEOUL, South Korea, Nov. 7, 2025 /PRNewswire/ -- Coway Co., Ltd., the "Best Life Solution Company," has today released its financial results for the third quarter of 2025."Strong sales of our leading home environment appliances, along with the steady growth of our BEREX lineup of beds and massage chairs, have driven overall performance this quarter," said Soon Tae Kim, Coway's Chief Financial Officer. "Building on this core business competitiveness, we will continue to strengthen our future growth drivers and sustain balanced momentum across both domestic and global markets going forward." Coway's reported earnings are as follows:
- Third quarter revenue: KRW 1,254.4 billion (+14.0% YoY)
- Third quarter operating profit: KRW 243.1 billion (+17.4% YoY)
| * The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement. |
* The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.
Coway's cumulative revenue for 2025 has now reached KRW 3,688.2 billion (+15.8% YoY), with an operating profit of KRW 697.0 billion (+13.9%).Within the domestic market, Coway achieved a third-quarter revenue of KRW 740.2 billion, a 12% increase when compared with the same period last year. This strong performance was driven by robust sales of the new Icon Ice Water Purifier series, which features three models and has been designed to meet diverse capacity needs, from compact to large. Thanks to this addition to the company's portfolio, sales of Coway's ice water purifiers rose by approximately 25% year-on-year during August and September, setting a new sales record for the category.Meanwhile, Coway's overseas subsidiaries also delivered robust growth in the third quarter, posting revenue of KRW 469.3 billion, a 19.9% year-on-year increase. The company's Malaysia subsidiary achieved an impressive revenue featuring a 20% year-on-year increase of KRW 352.1 billion, while the United States and Thailand subsidiaries also achieved steady growth, recording revenues of KRW 57.5 billion (+7.8% YoY) and KRW 41.8 billion (+28.5% YoY) respectively.For additional details about Coway's financial performance, please visit the company's Investor Relations page.About Coway Co., Ltd. Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading home environment appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. BEREX, the company's sleep & wellness brand, aims to improve the quality of life through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the home environment appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, and Europe, based on the business success in Korea. In 2025, the company launched Coway Life Solution, a premium elder care platform offering personalized care solutions tailored to different life stages. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.
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Coway Announces Financial Results for Q3 FY2025
Bringing exclusive sports and lifestyle travel to a new level of convenience and exclusivity
HONG KONG, April 1, 2026 /PRNewswire/ -- CSTS Enterprises, together with its subsidiary Connexus Travel, announced a strategic partnership with JETBAY, Asia's largest private jet charter platform, to deliver premium, bespoke travel and hospitality experiences to clients across Asia.
The collaboration brings together CSTS' worldclass sports and leisure hospitality expertise, Connexus Travel's 78 years of trusted corporate travel management, and JETBAY's award- winning door-to-door private aviation experience. Together, the companies will design seamless, high-end itineraries that connect sports fans, corporate clients, and luxury travellers to major global events — including the World Cup 2026, international sporting tournaments, and premium lifestyle destinations.
Under the partnership, CSTS will leverage JETBAY's extensive global aircraft network and on-demand charter services to enhance its end-to-end solutions for global clients.
From tailored matchday journeys and corporate travel programmes to bespoke leisure itineraries, our clients will enjoy fully integrated experiences combining stadium hospitality, premium ground services, and curated cultural activities — all backed by real-time support and dedicated relationship management.
"Travel is no longer about simply getting from A to B — it's about creating meaningful, shareable moments before, during, and after the event," said Abel Zhao, Chief Executive Officer and Executive Director of CSTS. "By partnering with JETBAY, we aim to elevate our clients' journeys beyond the ticket, delivering a truly integrated 'experience economy' where convenience, comfort, and exclusivity come together."
"Our goal is to make worldclass events more accessible to time sensitive business and leisure travellers, and this collaboration is a big step forward," said Vivian Zhang, Co- founder of JETBAY. "By partnering with CSTS, JETBAY can bring a new level of comfort and convenience to fans travelling for major global events."
The partnership reflects growing demand in the Asia market for premium, experience- driven travel products. As global sports and entertainment continue to drive audience engagement and travel demand, CSTS and JETBAY aim to become the go-to providers for clients seeking sophisticated, end-to-end solutions that marry worldclass travel technology with hands-on human service.
About CSTS Enterprises Inc.
Headquartered in Hong Kong, CSTS Enterprises is an innovative media, entertainment, sports, and travel-technology group. CSTS is dedicated to becoming a global expert in developing and managing innovative, end-to-end integrated marketing solutions and services that connect international intellectual properties – such as major sports and entertainment events – with regional and local brands.
At its core, CSTS is a provider of innovative solutions across corporate travel, integrated marketing, and advanced technology services. Through deep knowledge of the industry and advanced technologies, CSTS delivers tech-enabled efficiency and cost-effective travel programs, transforming corporate travel into a seamless, value-driven experience.
For more information, please visit https://csts-enterprises.com/ or follow our Linkedin for latest updates.
About Connexus Travel Limited
Connexus Travel (formerly known as Swire Travel) 全旅達國際旅遊有限公司, License No: (350001), one of the earliest Hong Kong-registered and award-winning travel agencies, has been a trusted household name for over 78 years. As an innovative travel management company in the region, it delivers seamless, tech-enabled experiences, combining personalized 24/7 support with innovative digital platforms. Connexus Travel offers a full spectrum of travel services—including corporate, leisure, MICE, and sports/lifestyle travel—and plays a key role in promoting global events like the FIFA World Cup and Formula 1.
Connexus Travel is a subsidiary of CSTS Enterprises.
About JETBAY
JETBAY is Asia's largest private jet charter platform, leveraging proprietary AI technology to provide clients with the most efficient and cost-effective private aviation solutions globally. Headquartered in Singapore and backed by over 20 years of industry expertise, JETBAY offers a seamless booking experience and unparalleled service through its international offices in New York, London, Dubai, Hong Kong, Jakarta, and Shanghai. The company is dedicated to upholding the highest standards of safety, privacy, and luxury for its discerning clientele.
Forward-Looking Statements
This press release contains statements that are forward-looking statements. These forward-looking statements can be identified by terminology such as "anticipate," "estimate," "forecast," "plan," "project," "potential," "continue," "ongoing," "expect," "aim," "believe," "intend," "may," "should," "will," "is/are likely to," "could" and similar statements. Statements that are not historical facts, including statements about CSTS's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. All information provided in this press release is as of the date of this press release, and CSTS does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Media Contacts
Wicky Yu
Corporate Communications, CSTS Enterprises Inc.
Phone: +852 2122 8545
Email: communications@csts-enterprises.com
Website: https://csts-enterprises.com/
Cody Lee Kar Hao
Branding and Marketing Manager, JETBAY
Phone: +65 6562 2988
Email: karhaolee@jet-bay.com
Website: https://www.jet-bay.com/
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CSTS Enterprises and JETBAY Announce Strategic Partnership to Elevate Sports and Leisure Travel Experiences
