YesAsia Holdings Limited (2209.HK) has announced its interim results for the six months ended 30 June 2026, reporting a 23.2% year-on-year increase in revenue to US$301.51 million, and a 30.0% surge in net profit to US$18.30 million. The company's gross profit grew by 28.2% to US$93.98 million, with gross profit margin expanding to 31.2%, while operating profit rose by 30.1% to US$24.29 million.
These results replicate the record high achieved in the first half of 2025, demonstrating the Group's ability to sustain momentum in a challenging global environment. The company attributed its performance to strong demand for Korean Beauty (K-Beauty) products, strategic market diversification, and investments in logistics infrastructure that mitigated geopolitical and freight cost pressures.
The B2C platform YesStyle saw revenue increase by 30.5% to US$215.07 million, accounting for 71.3% of total revenue. The platform benefited from a vast influencer ecosystem of over 557,000 unique influencers, generating US$85.70 million and contributing nearly 40% of YesStyle's revenue. Offline expansion was enhanced with the opening of its first physical concept store in the US, a 1,500 sq. ft. store in the San Francisco Bay Area, alongside high-profile activations in Madrid and Seoul that collectively generated millions of impressions.
The B2B platform AsianBeautyWholesale (ABW) recorded revenue of US$82.75 million, up 6.2%, accounting for 27.4% of total revenue. ABW's online average order size surged 38.6% to US$3,590.60, reflecting stronger retailer purchasing appetite and confidence in K-Beauty products.
The Group's global footprint remains pivotal in mitigating geopolitical risks. The US, its largest market, absorbed tariff shocks and delivered progressive improvement, with revenue exceeding the second half of 2025 even outside the holiday peak season. Non-core markets, excluding the US, UK, Canada, and Australia, saw robust demand, with Europe and associated countries growing by 22.1% and Latin America by 178.4%. In the Middle East, the Group achieved steady revenue growth of 33.4% despite regional tensions.
Strategic investments in logistics infrastructure across Hong Kong, South Korea, the US, and Europe, along with automation technologies like AMRs, built a resilient supply chain. These capabilities enabled the Group to keep freight costs as a percentage of revenue at 19.0%, demonstrating robust cost control and operational agility.
The Group's online-to-offline (O2O) integration strategy successfully converted customer engagement into sustained loyalty, which in turn catalyzed overseas B2B purchasing demand. The consolidation of new retail partnerships in the US and Latin America contributed to ABW's strong performance.
Mr. Joshua Lau, Founder, Executive Director and CEO of YesAsia Holdings, said: "K-Beauty remains on an upward trajectory as it becomes a mainstream player in the global beauty business. Looking ahead, we believe that there is ample room for growth for YesAsia Holdings in both the retail and wholesale spheres worldwide. Amid geopolitical and supply chain uncertainties, we are continuously reinforcing our competitive moat and market leadership through AI-empowered customer services, a highly agile supply chain, and a strategy that seamlessly converts online traffic into immersive physical experiences, thereby driving long-term value for our shareholders in a fast-evolving market landscape."
These results indicate that YesAsia Holdings is well-positioned to capitalize on the continued global growth of K-Beauty, leveraging its dual-engine model and strategic investments to navigate uncertainties and drive shareholder value.
