Hyundai Glovis (086280) Q3 2026 earnings summary

Executive summary

• Q3 2026 sales were KRW 9,053.6bn, up 23.1% YoY and 4.0% QoQ; operating profit rose 8.1% YoY to KRW 566.5bn.

• Net profit increased 46.2% YoY to KRW 574.2bn, supported by higher pre-tax profit and other P&L.

Financial highlights

• Gross profit was KRW 733.0bn, up 6.5% YoY and 10.6% QoQ; EBITDA was KRW 809.5bn, up 12.6% YoY and 12.7% QoQ.

• Pre-tax profit reached KRW 664.2bn, up 31.8% YoY and 34.3% QoQ; net profit was KRW 574.2bn, up 46.2% YoY and 55.5% QoQ.

Outlook and guidance

• International logistics anticipates market volatility from rising containership supply and ongoing geopolitical risks.

• PCTC outlook cites strong Far East demand as China auto exports rise; oil-price uncertainty from geopolitical risks remains.

• Bulk shipping plans to prioritize profitable spot sales while securing stable long-term contracts.

• CKD sales outlook reflects emerging-market T/A exports and overseas model launches; profitability is expected to vary with FX, with fewer working days at overseas plants during year-end holidays.

• Used-car demand recovery is expected to remain slow; non-ferrous metal prices remain uncertain amid interest rates and supply conditions.