[Edaily Reporter Kwon Oh Seok ] Water sports brand BARREL Co., Ltd.(267790)announced on the 10th that, according to a preliminary earnings report released on the 7th, it recorded consolidated revenue of 15.1 billion won and operating profit of 1.5 billion won for the second quarter of 2026. These figures represent increases of 49.9% in revenue and 252.6% in operating profit compared to the previous quarter.

Compared to the same period last year, revenue decreased slightly by 2.6%, while operating profit increased by 6.8%. The company explained that despite the slight decline in revenue, it achieved growth in operating profit, thereby maintaining stable profitability in its core business.
The growth in second-quarter earnings was driven by BARREL Co., Ltd.’s core swimwear category. Sales of indoor swimwear, swim accessories, and performance products were strong across the board, while the kids’ swimwear line also established itself as a key growth category, contributing to the diversification of the product portfolio.
Net income reached 4.4 billion won, marking a return to profitability compared to the previous quarter and a 387.3% surge year-over-year. This result reflects gains from financial investment products during the period. Notably, net income showed a significant increase even without including valuation gains related to the SpaceX investment made last year.
BARREL Co., Ltd. is also actively expanding its overseas business by broadening sales channels and geographic reach. BARREL Co., Ltd. has completed the shipment of its first batch of products under an exclusive distribution agreement signed with Chinese sports retailer Chenma Sports and has launched an official brand store on Tmall, China’s leading e-commerce platform, to fully ramp up local sales.
Currently, additional product orders from Tianma Sports continue to come in, and the company is solidifying its foothold in the Greater China market by securing repeat orders from existing export regions such as Hong Kong.
At the same time, efforts to tap into new markets are proceeding smoothly. BARREL Co., Ltd. is in discussions with distribution partners in the Middle East and Europe regarding wholesale exports. The company plans to diversify its overseas sales structure, which is currently centered on Greater China, to expand its influence in the global market.
BARREL Co., Ltd. official stated, “Profitability improved significantly in the second quarter as our major product lines, centered on the swimwear category, maintained a stable sales trend,” adding, “Along with additional orders from existing overseas markets such as China and Hong Kong, we will continue to expand our overseas sales base through discussions with new distribution partners in the Middle East and Europe, and we will do our utmost to strengthen our core business competitiveness and enhance shareholder value.”