Hyundai Wia (011210) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached KRW 6,392.2 billion, up 3.5% year-over-year, driven by increased vehicle parts supply and defense exports. Operating income from continuing operations was KRW 156.7 billion (2.5% margin), and net income from continuing operations was KRW 144.4 billion. Including discontinued operations, net income was KRW 107.8 billion.

• The company completed the spin-off and sale of its machine tool business in July 2025, reclassifying it as discontinued operations under K-IFRS.

Financial highlights

• Gross profit for the nine months was KRW 400.7 billion, with a gross margin of 6.3%.

• Operating income from continuing operations was KRW 156.7 billion, down from KRW 164.1 billion year-over-year.

• Net income from continuing operations was KRW 144.4 billion, with basic EPS of KRW 4,830 from continuing operations.

• Cash and cash equivalents at period end were KRW 1,057.0 billion.

• Total assets stood at KRW 6,900.2 billion, with equity of KRW 4,025.0 billion and liabilities of KRW 2,875.2 billion.

Outlook and guidance

• The company is investing in R&D and production capacity, with planned investments of KRW 8,691 billion over 2025–2026, focusing on electrification, smart factory solutions, and defense technology.

• Management expects continued growth in eco-friendly vehicle parts and defense exports, with ongoing expansion in global markets and new product launches in electrification and mobility solutions.