YesAsia Holdings Limited (2209.HK), a leading e-commerce platform operator specializing in Asian beauty and lifestyle products, announced its interim results for the six months ended 30 June 2026, replicating its record high performance from the previous year. Revenue surged 23.2% year-on-year to US$301.51 million, while net profit jumped 30.0% to US$18.30 million, reflecting the company's successful navigation of geopolitical tensions and supply chain disruptions.
The results highlight the effectiveness of YesAsia's strategic investments in logistics infrastructure and market diversification. Gross profit grew 28.2% to US$93.98 million, with gross profit margin expanding to 31.2%. Operating profit increased by 30.1% to US$24.29 million. Net profit margin improved to 6.1%, supported by a one-off expense of approximately US$1.24 million in termination benefits from organizational streamlining. Basic earnings per share reached US4.39 cents, up from US3.43 cents in the first half of 2025.
The US, the Group's 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, particularly Europe and Latin America, provided new growth momentum, with revenue from Europe and associated countries growing 22.1% and Latin America surging 178.4%. In the Middle East, the Group achieved steady growth of 33.4% despite regional tensions.
Complementing market diversification, YesAsia's investments in logistics infrastructure across Hong Kong, South Korea, the US, and Europe, along with automation technologies like AMRs, built a resilient supply chain. This agility kept freight costs as a percentage of revenue at 19.0%, despite spikes in freight and fuel prices due to Middle East conflicts.
The Group's B2C platform, YesStyle, recorded revenue of US$215.07 million, up 30.5%, accounting for 71.3% of total revenue. YesStyle's social media marketing ecosystem, with over 557,000 influencers, generated US$85.70 million, contributing nearly 40% of its revenue. To bridge online and offline experiences, YesStyle debuted a 1,500 sq. ft. concept store in the San Francisco Bay Area and staged high-profile activations, including a Madrid café pop-up and events at Seoul's Yesful Land, generating millions of impressions.
The B2B platform, AsianBeautyWholesale (ABW), saw revenue increase 6.2% to US$82.75 million, accounting for 27.4% of total revenue. ABW's average order size surged 38.6% to US$3,590.60, reflecting stronger retailer purchasing appetite and inventory confidence, underscoring the synergy between the B2C and B2B models.
Mr. Joshua Lau, Founder, Executive Director and CEO of YesAsia Holdings, commented: "K-Beauty remains on an upward trajectory as it becomes a mainstream player in the global beauty business. Looking ahead, we believe there is ample room for growth in both 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."
YesAsia Holdings is a constituent of the MSCI Hong Kong Micro Cap Index. For more information, visit the Group's official website: https://www.yesasiaholdings.com/.
