Hyundai Rotem (064350) Q3 2026 earnings summary

Executive summary

• Q3 2026 sales were ₩1,620.7bn, up 0.1% YoY; operating profit was ₩247.1bn, down 11.1% YoY, and net income was ₩178.0bn, down 10.3% YoY.

• 9M sales reached ₩4,684.2bn and operating profit ₩703.7bn; order backlog stood at ₩29,142bn at quarter-end.

Financial highlights

• Q3 profit before tax was ₩238.7bn, down 9.2% YoY; net income was ₩178.0bn, down 10.3% YoY.

• Q3 operating margin was 15.2%, down 2.0 percentage points YoY but up 0.7 points QoQ; net income margin was 11.0%, down 1.2 points YoY.

• 9M 2026 sales were ₩4,684.2bn, operating profit ₩703.7bn, profit before tax ₩764.9bn, and net income ₩566.9bn.

Outlook and guidance

• Acquisition closing is targeted for March 31, 2027, subject to regulatory approvals, including MOTIR approval; timeline may change pending approvals.

• Results are unaudited and may change after independent auditor review; forward-looking statements are subject to uncertainties and may differ from actual outcomes.