Hyundai Mobis (A012330) Q2 2025 earnings summary

Executive summary

• 2Q 2025 revenue rose 8.7% YoY to KRW 15.9 tn, driven by higher Hyundai and Kia production and expansion in electronics and U.S. business sites.

• H1 2025 revenue reached KRW 30,688.3 bn, up 7.6% YoY; operating income rose 39.7% to KRW 1,646.7 bn.

• Net profit attributable to owners was KRW 1,963.5 bn, with basic EPS of KRW 21,856.

• Interim dividend raised to KRW 1,500; treasury share buyback and cancellation worth KRW 110 bn planned.

• Major investments continued in electrification, R&D, and global expansion.

Financial highlights

• Sales reached KRW 15.9 tn in 2Q 2025, up 8.7% YoY and 8.0% QoQ.

• H1 2025 revenue: KRW 30,688.3 bn (+7.6% YoY); operating income: KRW 1,646.7 bn (+39.7% YoY).

• Gross profit increased 20.3% YoY to KRW 2,198 bn; operating margin improved to 5.5%.

• Net profit was KRW 934 bn in 2Q 2025, down 6.3% YoY and 9.4% QoQ; H1 net profit: KRW 1,966.2 bn.

• Gross margin improved to 13.9% from 12.1% YoY.

Outlook and guidance

• 2025 non-captive order target raised by 189.9% YoY to USD 7.4 bn, including USD 2.4 bn for electrification parts.

• Management expects continued growth in electrification and global OEM sales, despite industry headwinds.

• Major OEM projects delayed in 1H due to tariffs, EV demand slowdown, and geopolitical risks; 2H expected to see concentrated order wins.

• Dividend policy targets TSR 30%+, with ongoing share buybacks and quarterly dividends.

• Additional share buyback to achieve 30%+ TSR under review after final 2025 net income.