Hyundai Glovis (086280) Q3 2025 earnings summary

Executive summary

• 3Q25 sales reached KRW 7,355.0B, down 1.5% year-over-year and 2.1% sequentially.

• Operating profit for 3Q25 was KRW 524.0B, up 11.7% year-over-year but down 2.8% from 2Q25.

• Net profit for 3Q25 was KRW 392.1B, a 2.2% increase year-over-year but a 22.1% decrease sequentially.

Financial highlights

• Gross profit for 3Q25 was KRW 688.4B, up 4.1% year-over-year and down 2.0% sequentially.

• EBITDA for 3Q25 was KRW 717.6B, up 10.5% year-over-year and down 1.3% sequentially.

• Pre-tax profit for 3Q25 was KRW 503.3B, up 4.8% year-over-year but down 14.8% sequentially.

Outlook and guidance

• Container shipping market weakness expected to persist, with increased earnings volatility amid global trade tensions.

• Far East PCTC demand to remain strong, but uncertainties expected due to USTR port fees.

• KD exports to emerging-market plants expected to accelerate, with profitability impacted by FX movements.

• Domestic auction transactions expected to remain robust.