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HL Mando (A204320) investor relations material
HL Mando Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 sales reached KRW 2,462 bn, up 1.6% year-over-year, driven by growth in the Americas and India despite lower global vehicle production.
Operating profit for Q4 2025 was KRW 79.7 bn, down 28.2% year-over-year due to one-off provisions.
Full-year 2025 sales totaled KRW 9,455 bn, a 6.9% increase year-over-year, with operating profit at KRW 357.1 bn, slightly down 0.5% year-over-year.
New business wins in FY25 accumulated to KRW 11.9 tn, with a strong focus on E-Products and major program wins.
Dividend per share increased to KRW 750, with a payout ratio of 35%.
Financial highlights
Q4 2025 operating margin was 3.2%, down from 4.6% in Q4 2024.
Net income for Q4 2025 was KRW 29.1 bn, down from KRW 49.8 bn in Q4 2024, impacted by increased corporate income tax.
Recognized one-off costs of KRW 43 bn, including quality-related provisions.
Profit before tax in Q4 2025 was KRW 56.5 bn, up from KRW 51.8 bn year-over-year.
Outlook and guidance
FY26 sales guidance set at KRW 9.6 tn, a 1.8% year-over-year increase.
FY26 new business wins target is KRW 13.0 tn, up 9.6% year-over-year.
India expected to be the primary growth engine in FY26, with 25% sales growth forecasted.
Five-year CAGR target of 8% to reach KRW 14.1 tn by 2030.
- Sales rose 2.9% in Q2 2024, but net profit fell sharply on higher tax expenses.A204320
Q2 202423 Feb 2026 - Record 3Q sales and robust new orders offset by a net loss from financial asset valuation.A204320
Q3 202423 Feb 2026 - FY2024 saw robust growth, margin gains, and record new orders, with 2025 guidance signaling further expansion.A204320
Q4 202423 Feb 2026 - Sales up 11.8% YoY, E-product mix drives growth, net income pressured by FX and tax.A204320
Q2 202523 Feb 2026 - Sales up 7.8% YoY, net income down on one-off base, with robust new orders and tech accolades.A204320
Q1 202523 Feb 2026 - Sales and profit rebounded, driven by operational gains and strong EV platform orders.A204320
Q3 202523 Feb 2026
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