Cosmax FY 2025 Annual Report
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Filed: March 18, 2026· period ending December 31, 2025DART

Cosmax annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).

Cosmax FY 2025 Annual Report Analysis

Business Overview

  • ODM cosmetic revenue 90%+ with global top market position, FY2025 sales KRW 2.4T
  • Production capacity expanded to 2.67B units in 2025 vs 2.43B units in 2024 at key global sites

Management Discussion & Analysis

  • Revenue KRW 2.40T (+10.7% YoY), Operating profit KRW 195.8B (+11.6%), Net income KRW 131.1B (+48.3%)
  • Operating profit improvement driven by increase in sales from expanded cosmetic manufacturing and sales business

Risk Factors

  • Currency swap derivative fair value liability KRW 29.0B, reflecting put option on convertible bonds largest derivative exposure
  • Currency swap contracts hedging EUR 12.2M (KRW 18.2B contract amount) for foreign currency long-term debt cash flow risk

Cosmax FY 2025 Key Financial Metrics
DART

Total Assets

KRW 2.13T

+9.9% YoY

Operating Cash Flow

KRW 86.7B

+18.8% YoY

CapEx

KRW 187.0B

+13.4% YoY

Source: KIFRS consolidated financial data from Cosmax annual report on DART. All figures in KRW.

Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding