Hyundai Glovis (086280) Q1 2026 earnings summary

Executive summary

• Achieved sales of KRW 7,812.7 bn in 1Q26, up 8.2% year-over-year and 4.6% sequentially.

• Operating profit rose 3.9% year-over-year to KRW 521.5 bn, with an operating margin of 6.7%.

• Net profit declined 14.4% year-over-year and 22.6% sequentially to KRW 341.0 bn, impacted by lower non-operating gains.

Financial highlights

• EBITDA increased 6.5% year-over-year to KRW 734.7 bn.

• Gross profit grew 1.3% year-over-year but fell 2.2% sequentially to KRW 685.8 bn.

• Pre-tax profit dropped 13.5% year-over-year and 18.7% sequentially to KRW 445.1 bn.

Outlook and guidance

• Anticipates volatility in container markets and potential softening of finished car demand due to geopolitical risks and higher oil prices.

• Profitability in CKD expected to vary with foreign exchange movements.

• Weak used car demand and rising aluminum prices projected due to global uncertainties.