Hyundai Mobis (A012330) Q1 2026 earnings summary

Executive summary

• 1Q 2026 revenue rose 5.5% year-over-year to KRW 15.6tn, driven by non-captive customer growth and electronics sales expansion.

• A/S business revenue increased 7.4% YoY to KRW 3.5tn, supported by favorable FX and strong global demand.

• Operating profit fell 3.3% YoY to KRW 802.6bn, with Module and Core Parts turning negative due to lower OEM volumes.

• Cash dividend of KRW 5,000 per share approved; governance enhancements implemented at the 49th AGM.

Financial highlights

• Gross profit for 1Q 2026 was KRW 2,149bn, up 4.2% YoY but down 11.9% sequentially.

• Net profit declined 14.4% YoY to KRW 883bn, but increased 15.0% sequentially.

• Operating margin decreased by 0.1 percentage points YoY to 5.2%.

• Total assets grew 5.0% YoY to KRW 73.9tn; cash and equivalents rose 6.7% to KRW 12.6tn.

Outlook and guidance

• 2026 shareholder return policy targets TSR of 30%+ with a flexible approach between dividends and share buybacks/cancellations.

• Full cancellation of all treasury shares by September 2027 in line with new regulations.

• Dividend per share expected to rise slightly due to share buybacks and cancellations.