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.

• Operating profit surged 36.8% YoY to KRW 870 bn, with module/core parts returning to profit and A/S business profit up 8.9% YoY.

• Electrification sales (excluding battery cells) increased YoY, supported by new North American plant volumes.

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

Financial highlights

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

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

• Net profit was KRW 934 bn, down 6.3% YoY and 9.4% QoQ, with net margin at 5.9%.

• Operating profit margin rose by 1.2 percentage points 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.

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

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