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 by 1.2 percentage points to 31.2%. Operating profit also rose by 30.1% to US$24.29 million, despite a one-off expense of approximately US$1.24 million in termination benefits from organizational streamlining.
These results replicate the record half-year performance achieved in the first half of 2025, underscoring the group's resilience in a challenging global environment. The company attributed the growth to robust global demand for Korean Beauty (K-Beauty) products, which has been a key driver for its business-to-consumer (B2C) platform, YesStyle, and its business-to-business (B2B) platform, AsianBeautyWholesale (ABW). YesStyle revenue increased by 30.5% to US$215.07 million, accounting for 71.3% of total revenue, while ABW revenue grew by 6.2% to US$82.75 million, representing 27.4% of total revenue.
The company's strategic investments in logistics infrastructure, including automation technologies like AMRs, have built a resilient supply chain that mitigated geopolitical and freight cost pressures. Freight costs as a percentage of revenue dropped to 19.0%, demonstrating robust cost control. The US, the group's largest market, absorbed the tariff shock and delivered progressive improvement, with revenue exceeding the second half of 2025 even outside the typical holiday peak season. Non-core markets also showed strong growth, with Europe and associated countries growing 22.1% and Latin America surging 178.4%. The Middle East saw steady growth of 33.4% despite regional tensions.
To enhance its online-to-offline (O2O) integration, the group expanded its physical presence, opening its first concept store in the San Francisco Bay Area and staging high-profile activations in Madrid and Seoul. These efforts generated over 2 million and 3 million impressions, respectively, converting customer engagement into sustained loyalty. This brand exposure also catalyzed overseas B2B purchasing demand, with ABWOnline's average order size surging 38.6% year-on-year to US$3,590.60.
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."
YesAsia Holdings, established in 1997, is a leading e-commerce platform operator headquartered in Hong Kong. It operates two major channels: YesStyle, a B2C platform, and AsianBeautyWholesale, a B2B platform, serving a global audience with over 400 brand and supplier partners. The company is a constituent of the MSCI Hong Kong Micro Cap Index. For more information, visit the group's official website: https://www.yesasiaholdings.com/.
