Hyundai Mobis Reports Q1 Operating Profit of 776.7 Billion Won, Up 43% Year-on-Year

Expansion of High Value-Added Core Component Supply
"Over 2 Trillion Won to Be Invested in R&D This Year"

On April 25, Hyundai Mobis announced that it recorded sales of 14.752 trillion won and operating profit of 776.7 billion won in the first quarter. Compared to the same period last year, sales increased by 6.4% and operating profit rose by 43.1%. Net profit also grew by 19.6% year-on-year, reaching 1.0317 trillion won.

By business segment, sales were as follows: modules and core components accounted for 11.4743 trillion won, and the after-sales service (A/S) business recorded 3.2778 trillion won. Sales of modules and core components increased by 4.9%, driven by the expanded application of high value-added core parts centered on electronic components. Sales in the A/S sector also rose by 11.8%, due to continued strong global demand and favorable exchange rates.

Despite the burden of fixed costs in the electrification business, the supply of high value-added core components, particularly in electronic parts, increased, leading to a significant rise in operating profit. As the growth rate of operating profit outpaced that of sales, the operating margin improved by 1.4 percentage points, from 3.9% in the first quarter of last year to 5.3% in the first quarter of this year.

In the first quarter, Hyundai Mobis secured orders worth 2.08 billion dollars from global automakers. This represents about 30% of its full-year overseas order target of 7.44 billion dollars.

Hyundai Mobis has been actively engaging in sales activities targeting global automaker clients, participating in major events such as CES 2025 in North America, the world’s largest new technology exhibition held in January this year, and the Shanghai Motor Show, which opened on April 23 in China.

Hyundai Mobis announced plans to invest more than 2 trillion won in research and development this year to secure future competitiveness. As of the first quarter, the company employs around 7,700 R&D personnel domestically and internationally, and plans to focus on securing innovative mobility technologies by recruiting additional talent.