Hyundai Rotem (064350) Q2 2026 earnings summary

Executive summary

• Q2 2026 consolidated sales were 16,060 billion KRW, up 12.1% year-over-year and 10.2% sequentially from Q1 2026.

• H1 2026 sales reached 30,635 billion KRW, up 18.1% year-over-year, with operating profit at 4,566 billion KRW, down 0.8% year-over-year.

• Net income for Q2 2026 was 1,862 billion KRW, down 1.8% year-over-year and 8.1% sequentially.

• The business is structured into three segments: AD & RH (57% of sales), RS (37%), and EP (6%).

• Order backlog at the end of Q2 2026 stood at 297,735 billion KRW.

Financial highlights

• H1 2026 new orders totaled 25,801 billion KRW, a 53.2% decrease year-over-year.

• Basic EPS for the half-year was KRW 3,543.

• Cash and cash equivalents increased to 25,273 billion KRW at Q2 2026, up 16,189 billion KRW from year-end 2025.

• Dividend payout for the period was KRW 65.5 billion.

• Loans increased slightly to 1,355 billion KRW at Q2 2026.

Outlook and guidance

• Forward-looking statements indicate expectations for continued growth but highlight uncertainties that may impact actual results.

• The company is focusing on expanding hydrogen mobility, smart logistics, and AI-based maintenance systems.

• Ongoing investments in R&D and production capacity are planned, with a total expected investment of KRW 611.9 billion over the next three years.