Kia (000270) Q1 2026 earnings summary

Executive summary

• Q1 2026 sales revenue rose 5.3% year-over-year to W29,502 billion, with consolidated sales units up 0.4% to 739,880 units.

• Operating profit declined 26.7% year-over-year to W2,205 billion, with operating margin dropping to 7.5%.

• Net profit fell 23.5% year-over-year to W1,830 billion.

Financial highlights

• Gross profit decreased 4.6% year-over-year to W5,804 billion, with gross margin at 19.7%.

• Cost of sales ratio increased to 80.3% from 78.3% year-over-year.

• SG&A expense ratio rose to 12.2% from 11.0% year-over-year.

• Net non-operating income improved to W302 billion from W59 billion year-over-year.

Outlook and guidance

• 2026 initiatives include ramping up BEV and HEV launches, expanding dealer networks, and targeting higher sales volumes in key markets.