YesAsia Holdings Limited (“YesAsia”) reported unaudited interim results for the six months to 30 June 2026 showing a sharp up-turn in both top- and bottom-line performance.

Revenue climbed 23.2% year on year to USD 301.51 million, driven by continuing demand for Asian beauty products. Gross profit rose 28.2% to USD 93.98 million, lifting the gross margin 1.2 percentage points to 31.2%. Net profit advanced 30.0% to USD 18.30 million, pushing the net margin to 6.1% from 5.8% a year earlier. Basic earnings per share increased to 4.39 US cents (1H25: 3.43 US cents).

Segmentally, the core YesStyle B2C business delivered USD 215.07 million, up 30.5% and accounting for 71.3% of group turnover. The ABW B2B division generated USD 82.75 million, 6.2% higher; within this, online wholesale sales fell 13.4% to USD 48.71 million while newly scaled offline distribution surged 57.1% to USD 34.04 million. Marketing services income more than tripled to USD 2.67 million.

Non-core geographies compensated for US-led weakness. Revenue from Latin America soared 178.4% to USD 40.69 million, and Europe rose 22.1% to USD 114.73 million. By contrast, the United States slipped 22.1% to USD 50.83 million, pulling overall “core market” sales down 8.6% to USD 92.82 million.

Operating costs grew more slowly than revenues: cost of sales rose 21.1%, while the logistics focus kept freight cost growth (22.5%) below revenue growth. Selling expenses increased 25.4% to USD 35.13 million, largely on higher influencer marketing, payment gateway fees and customs duties. Administrative expenses expanded 28.8% to USD 34.25 million, reflecting head-count additions, higher bonuses and one-off streamlining charges.

YesAsia ended June with USD 13.70 million in cash and cash equivalents, USD 7.35 million of bank borrowings and USD 27.75 million in lease liabilities, resulting in a gearing ratio of 37.7% (31 December 2025: 43.2%). Net cash stood at USD 9.74 million. Capital expenditure collapsed to USD 0.30 million from USD 8.61 million after completion of the Mapletree smart warehouse in 2025.

The board declared no interim dividend. A final dividend of USD 0.0129 per share for FY25 was paid on 13 July 2026.

Key operating metrics underscored a widening footprint: active YesStyle customers increased 14.9% to 1.99 million, average order value rose 8.6% to USD 70.60, and influencer-driven sales nearly doubled to USD 85.70 million. ABW’s average order size jumped 38.6% to USD 3,590.60, reflecting deeper penetration into U.S. and Latin American retail chains.

Management highlighted ongoing investments in offline retail concepts, influencer partnerships and AI-enabled customer service as strategic priorities for the second half. They also stressed the importance of agile supply-chain management amid volatile shipping and tariff conditions.