The objective of this study was to formulate and evaluate a stable and effective cold cream intended for topical application to moisturize and protect the skin. Cold creams are oil-in-water emulsions commonly used for their emollient properties, especially in dry and cold climates. In this formulation, ingredients such as beeswax, mineral oil, borax, and water were used to prepare the emulsion using the fusion method. The prepared cold cream was subjected to various evaluation parameters, including pH, spreadability, stability, viscosity, and skin irritation tests, to assess its safety and effectiveness. The results demonstrated that the formulation possessed acceptable physicochemical characteristics, with a smooth texture, stable emulsion, and no signs of phase separation or microbial growth over a specified observation period. The pH was found to be within the skin-compatible range (5.5–6.5), and the cream showed good spreadability and no skin irritation upon application. The study concludes that the formulated cold cream is safe, stable, and suitable for cosmetic use, providing effective moisturization and skin protection.