HD Hyundai Electric (267260) Q3 2025 earnings summary

Executive summary

• Revenue and profitability reached record highs in 3Q25, driven by strong power segment performance and large-scale supply contracts.

• New orders and backlog continued to grow, supporting future revenue visibility.

Financial highlights

• Sales rose to KRW 995.4 bn, up 9.8% QoQ and 26.2% YoY.

• Operating profit increased to KRW 247.1 bn, up 18.2% QoQ and 50.9% YoY; OP margin improved to 24.8%.

• Net profit reached KRW 191.1 bn, up 34.7% QoQ and 63.9% YoY.

• Orders totaled USD 1,212 mil (+21.7% QoQ, +71.4% YoY); backlog at USD 6,983 mil (+6.6% QoQ, +29.3% YoY).

Outlook and guidance

• Anticipates continued demand growth in North America, Middle East, and Europe, supported by infrastructure investments and energy transition.

• U.S. DOE grid loan guarantees and AI/data center expansion expected to drive long-term power demand.

• Middle East outlook buoyed by Saudi Vision 2030 and large-scale grid investments.

• Marine product segment faces short-term volatility but positive long-term trajectory due to green transition and new partnerships.