[Edaily Reporter KIM EUNG-TAE ] Global cosmetics Original Design Manufacturer (ODM) company COSMAX, INC.(192820)posted its best-ever quarterly results in the second quarter of this year. With domestic and overseas subsidiaries showing balanced growth, the U.S. subsidiary turned a profit for the first time since its founding.

According to the Financial Supervisory Service on the 11th, COSMAX, INC.’s consolidated revenue for the second quarter of this year was provisionally reported at 794.9 billion won, up 27% year-over-year, while operating profit rose 21% to 73.7 billion won. Both revenue and operating profit set new all-time quarterly records.
For the first half of the year, revenue totaled 1.4769 trillion won, and operating profit reached 126.8 billion won. Revenue rose 22% year-over-year, while operating profit increased 13%.
Revenue from the domestic subsidiary totaled 518.4 billion won, a 23% increase year-over-year. This marks the first time quarterly revenue has surpassed the 500 billion won mark. Operating profit rose 13% to 56.4 billion won. Analysts attribute the domestic subsidiary’s strong growth to the global expansion of its K-Beauty indie brand clients. While sales of basic skincare products continued to perform well, profitability improvements in sun care and gel masks were particularly notable.
The U.S. subsidiary succeeded in turning a profit for the first time since its founding. In the second quarter of this year, the U.S. subsidiary’s revenue reached 53.8 billion won, a 79% increase year-over-year. Efforts to streamline operations—including reducing fixed costs over several years—and the expansion of the sales network targeting indie brands in the western U.S. are cited as key factors behind this growth. Analysts also note that stable repeat orders from existing major clients contributed positively to the results.
Revenue for the China subsidiary totaled 197.4 billion won, a 33% increase year-over-year. At the Shanghai subsidiary, while local color cosmetics clients posted high growth rates, base makeup products such as cushions and foundations, along with blush and lip product lines, drove growth. The Guangzhou subsidiary demonstrated balanced growth across online and export channels, thanks to efforts to diversify its sales channels.
Sales at the Indonesian subsidiary reached 28.9 billion won, a 38% increase year-over-year. This growth was driven by a simultaneous recovery in performance from existing Modern Trade (MT) channel clients—such as convenience stores and supermarkets—and growth from new General Trade (GT) channel clients, including small variety stores. In particular, analysts note that the recovery in sales from top clients—focused on high-margin categories such as creams and sun care—effectively contributed to maintaining profitability.
The Thai subsidiary recorded sales of 24.9 billion won, an 8% increase year-over-year. The company explained that this growth was driven by major clients significantly expanding their production volumes and by supplying various new brands to clients in the “Original Brand Manufacturing” (OBM) segment.
A COSMAX, INC. official stated, “In the second half of this year, we will further solidify our position as the No. 1 player in the global cosmetics ODM industry, building on the strong performance of skincare, expanding global K-Beauty demand, and the successful onboarding of new clients.”