Preliminary Earnings Announcement:
Operating Profit Reaches KRW 175.2 Billion
Kumho Tire (CEO Jeong Iltaek) announced its preliminary consolidated results for the second quarter of 2025, reporting sales of KRW 1,221.3 billion and operating profit of KRW 175.2 billion.
According to Kumho Tire on July 31, second-quarter sales grew by 7.9% year-on-year, driven by expanded supply of original equipment (OE) tires for new vehicles and growth in the replacement (RE) tire market, particularly for high-profit tires. This marks the highest second-quarter performance in the company's history.
Since the fourth quarter of 2023, Kumho Tire has maintained quarterly sales exceeding KRW 1 trillion for seven consecutive quarters. The increase in sales of premium and high-inch products resulted in an average operating profit margin of 13.5%. In the second quarter, sales of high-inch products accounted for 43.4%, and the proportion of EV tire OE supply reached 20.3%, due to the expansion of supply to new vehicle models.
Kumho Tire plans to continue its sales growth in the second half of the year by developing new customers and expanding supply volumes in major global markets such as North America and Europe. The company also aims to accelerate profitable sales growth by expanding sales of high value-added products.
In addition, Kumho Tire will strengthen its strategy for the premium market by improving its product portfolio, starting with the launch of SOLUS ADVANCE and ultra-high-performance tires such as ECSTA SPORT S, ECSTA SPORT, and ECSTA SPORT A/S.
Meanwhile, Kumho Tire has designated this year as the first year of its leap toward becoming a premium brand. The company plans to pursue innovation centered on high value-added products across its brand, products, technology, and operations to strengthen its position in the global market and maximize customer value.
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