Hyundai Wia (011210) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached KRW 2,061.8 billion, with operating income of KRW 48.5 billion and net income of KRW 95.7 billion, including discontinued operations.

• Mobility (auto parts) sales slightly decreased year-over-year due to lower OEM sales, while special (defense) segment sales increased on export growth.

• The company is divesting its machine tools business, reclassifying it as discontinued operations.

Financial highlights

• Q1 2025 consolidated revenue: KRW 2,061.8 billion (Q1 2024: KRW 2,051.9 billion).

• Operating profit: KRW 48.5 billion (Q1 2024: KRW 57.7 billion).

• Net profit attributable to owners: KRW 95.7 billion (Q1 2024: KRW 35.7 billion).

• Basic EPS: KRW 3,593 (Q1 2024: KRW 1,338).

• Cash and cash equivalents at period end: KRW 810.1 billion.

Outlook and guidance

• The company expects continued growth in defense exports and is expanding its presence in eco-friendly auto parts and smart factory solutions.

• The divestiture of the machine tools business is expected to sharpen focus on core mobility and defense segments.