COWAY

SEOUL, South Korea, May 8, 2026 -  Coway Co., Ltd., the “Best Life Solution Company,” has today reported its financial results for the first quarter of 2026.   “Driven by strong demand for our leading products and the successful launches of our latest offerings, we achieved solid growth in the first quarter,” said Soontae Kim, Coway’s Chief Financial Officer. “Building on this balanced performance across both our domestic and global markets, we will continue to sustain profitable growth through innovative product launches and enhanced marketing strategies going forward in 2026.”   Coway’s reported earnings are as follows:   - First quarter revenue: KRW 1,329.7 billion (+13.2% YoY) - First quarter operating profit: KRW 250.9 billion (+18.8% YoY) * The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.   In the domestic market, Coway reported a revenue of KRW 742.8 billion, up 9.5% year-over-year. This growth was notably driven by the successful launch of Coway’s newest products, including the Icon Ice Water Purifier 3 and the BEREX Pebble Chair 2, as well as the expansion of its product portfolio through the introduction of its new home medical device brand, ‘Therasol.’ Furthermore, the company’s major annual sale promotion “Coway Festa,” launched in late February to South Korean consumers, also drove strong demand across a range of product categories. As a result, BEREX bed sales achieved a 30% year-over-year increase, while net rental account additions reached 188,000 in the first quarter, up 81.8% from the same period last year.   Meanwhile, Coway’s overseas subsidiaries also delivered strong first-quarter performance, with revenue reaching KRW 537.0 billion, an increase of 20.2% year-over-year. The company’s Malaysia subsidiary achieved an impressive revenue of KRW 406.2 billion, a 23.5% year-over-year increase, while the United States subsidiary recorded a revenue of KRW 57.5 billion (-4.1% YoY). Coway’s Thailand and Indonesia subsidiaries also recorded rapid growth this quarter, posting revenues of KRW 55.4 billion (+29.3% YoY) and KRW 12.6 billion (+14.7%) respectively.   For additional details about Coway's financial performance, please visit the company's  Investor Relations  page.

- Coway has been ranked in the top 15% of the Household Durables industry for the second consecutive year by S&P’s comprehensive assessment - 2026 also marks the 13th consecutive year of Coway’s inclusion in the Dow Jones Best-in-Class Asia Pacific Index   Seoul, South Korea, May 4, 2026 –  Coway Co., Ltd., the “Best Life Solution Company,” has today announced that it has been selected as a member of the 2026 S&P Sustainability Yearbook and included in the Dow Jones Best-in-Class (DJ BIC) Asia Pacific Index.   The Sustainability Yearbook is published annually by S&P Global, one of the world’s leading providers of benchmarks for global capital, based on its Corporate Sustainability Assessment (CSA). Established in 1999, this in-depth evaluation comprehensively appraises how companies are performing financially and across their Environmental, Social and Governance (ESG) practices.   This year, more than 9,200 companies across 59 industries were assessed by S&P Global, with only 848 companies subsequently selected to be a part of the Sustainability Yearbook. Coway has been recognized in the Yearbook for the second year running, ranking in the top 15% of companies in the Household Durables industry.   Furthermore, for the thirteenth consecutive year, Coway was included in the DJ BIC Asia Pacific Index among a selection of the top 20% of around 600 companies in the region. Notably, the company received improved evaluations across several ESG categories this year, including energy and waste management, biodiversity conservation, occupational health and safety and data protection.   Since establishing its ESG Committee in 2021, Coway has continually been advancing its ESG management strategy and practices. This commitment has seen Coway implement a company-wide framework based on three key pillars: establishing a carbon-neutral management system, promoting sustainable growth and strengthening transparent and sustainable governance.   Examples of Coway’s ESG initiatives include: - Environmental : Advancing a circular economy through its “closed-loop” resource circulation system, all while supporting environmental protection through sustainability initiatives. - Social : Fostering mutual growth through partner support programs and collaborative initiatives. - Governance : Enhancing shareholder return policies while reinforcing the independence and transparency of the company’s corporate governance.   A Coway official said, “Through the ongoing, globally-benchmarked management strategies and initiatives of our ESG Committee, Coway remains committed to achieving both sustainable growth and responsible social change. We will continue to work to strengthen our global competitiveness across our environmental, social and governance practices.”

Over the first few months of 2026, Coway, the “Best Life Solution Company,” made a definitive mark on the global design industry as it secured eight winning honors at both the iF Design Awards and the Red Dot Design Awards . Such achievements mark Coway’s 19th and 20th consecutive years of recognition by the two leading awards bodies respectively, underscoring the company’s 20-plus-year commitment to championing advanced lifestyle technologies imbued with sophisticated aesthetics.   The awards won by Coway to date in 2026 highlight the company’s diverse and innovative portfolio designed to enhance daily life without disruption, ranging from leading high-performance air purifiers to cutting-edge home medical devices.   Revisiting a Global Icon: The Airmega Mighty2   Coway’s Airmega Mighty2 (white and beige swatches)   This awards season, the spotlight shone brightly on Coway’s Airmega Mighty2 (AP-1512N). The Airmega Mighty2 builds on the decade-long heritage of the original Airmega Mighty, offering the company’s trademark reliability as well as reflecting the latest in contemporary interior trends.   While capable of cleaning up to 1,800 square feet in just one hour, the Airmega Mighty2 utilizes a high-efficiency filtration system that captures 99.97% of 0.3 micron sized particles - including allergens, bacteria, mold spores, and pollen. Despite this industrial-grade performance, the device’s design remains exceptionally compact. One feature that garnered praise from one awards board’s jury is its Hassle-free Maintenance system, a side-access slide mechanism for the pre-filter that allows users to remove the washable filter from the right side of the device without having to move or disassemble it, thus solving a common appliance maintenance pain point.   The Airmega Mighty2 also features advanced intelligence capabilities, such as: - MegaScan™ Laser Sensor : The sensor provides real-time numerical readings of PM1, PM2.5 and PM10 particles. - Touchscreen controls : Users can adjust airflow speed, monitor air quality and customize the device’s performance at a glance. - Performance Modes : Featuring Smart, Turbo, Sleep (as low as 19 dB) and Eco modes designed for custom air quality, noise control and 20% less energy consumption compared to its previous model.  Strategic Space-Saving: The Square Fit Air Purifier Series   Coway’s Square Fit Air Purifier 82㎡ and 38 ㎡ In order to make air purification more accessible for users in all kinds of living spaces, particularly more compact ones, Coway’s Square Fit Air Purifier series (available in 38㎡ and 82 ㎡ models) features a significantly reduced footprint – up to 24% smaller than previous models – as well as an expansion in coverage area that helps users maximize their space efficiency. Able to blend in naturally into any surrounding thanks to its elegant design, the Square Fit Air Purifier series also features an intuitive interface for convenient and hassle-free operation. Furthermore, the Square Fit Air Purifier series provides more personalized home wellness experiences to users thanks to the inclusion of Coway’s leading Air Matching Filter system. Through this innovative technology, users are able to tailor their air purification to their own specific needs, including: - Pet Filter: Specifically designed for households with animals. - Allergen Filter: BAF-certified (British Allergy Foundation) to provide allergy relief. - Deodorization Filter: For even more enhanced indoor air quality. Design Excellence Across the Product Spectrum This year’s awards announced to date also saw Coway’s Inverter Dehumidifier, Looloo Slimiq Bidet and Therasol U, a medical device under Coway’s home medical brand, Therasol, achieve top recognition. A Coway official said, “Coway having consistently received these honors for the past 20 years is a testament to our global design leadership. We remain committed to delivering innovative, consumer-centric designs that serve the daily lives and wellness habits of our customers.” As Coway’s 20-year award-winning streak continues, this growing global interest in the company’s products across a diverse range of categories – from air purifiers to medical devices – showcases that operational excellence and interior aesthetics are no longer mutually exclusive considerations.