HL Mando (A204320) Q3 2025 earnings summary

Executive summary

• Achieved sales of KRW 2,321.3 bn in 3Q25, up 6.9% year-over-year, demonstrating resilience amid tariff challenges and macro headwinds.

• Operating profit reached KRW 94.2 bn (4.1% OPM), with margin improvement from operational stabilization in Mexico and Poland.

• Net profit was KRW 49.2 bn (2.1% NPM), a significant turnaround from a net loss in 3Q24.

• Secured KRW 3.3 tn in new business wins, 75% of the FY25 target, including major EV platform orders in North America.

Financial highlights

• Sales increased by KRW 149.6 bn (+6.9%) year-over-year but declined 3.3% sequentially from 2Q25.

• Operating profit rose by KRW 11.7 bn year-over-year; operating margin improved by 0.3 percentage points.

• Net income improved by KRW 98.4 bn year-over-year, reversing a net loss in 3Q24.

• Strong sales growth in the Americas (+17.1% YoY) and Korea (+13.2% YoY); China and India saw declines.

Outlook and guidance

• Ongoing efforts to minimize tariff impact through USMCA compliance and localization.

• Continued focus on operational efficiency and global R&D/production optimization.

• New business wins position the company for future growth, especially in EV platforms.