Redcap Tour Reports Q3 Sales of 88.9 Billion Won and Operating Profit of 10.3 Billion Won

Redcap Tour announced on November 6 that it recorded consolidated sales of 88.9 billion won and operating profit of 10.3 billion won in the third quarter of this year. These figures represent increases of 7.0% and 3.4%, respectively, compared to the same period last year.

Ordinary profit rose 20.0% year-on-year to 6.3 billion won, driven largely by a decrease in interest expenses. Net profit for the quarter reached 5.0 billion won, up 19.8% from the previous year.

For the cumulative results through the third quarter, sales totaled 289 billion won and operating profit reached 41.7 billion won, up 8.0% and 18.5%, respectively, compared to the same period last year. Ordinary profit increased by 39.1% to 29.4 billion won, while net profit climbed 37.9% to 23.0 billion won.

Thanks to improved performance, profitability indicators also saw balanced growth. The cumulative operating margin for the third quarter rose from 13.1% in the previous year to 14.4%. The ordinary profit margin increased from 7.9% to 10.2%.

By business segment, the rental car division posted third-quarter sales of 79.7 billion won, up 7.0% year-on-year. Redcap Tour is currently expanding its customer base among B2B (corporate) and B2G (government and public institutions) clients. The company is strengthening its sales strategy centered on eco-friendly vehicles and providing differentiated operational efficiency services such as integrated corporate vehicle mobility service (RMS) and electric vehicle battery management solution (B-Lifecare).

The travel business recorded sales of 9.2 billion won in the third quarter, up 6.4%. Although business travel demand was expected to increase significantly due to the expansion of overseas business by client companies, it was partially affected by the detention of Korean workers in the United States.

The number of new clients through the strategic partnership with AMEX GBT (Global Business Travel) increased, and the related sales ratio rose by 4 percentage points compared to the end of last year. Redcap Tour is solidifying its exclusive domestic partnership with AMEX GBT.

Redcap Tour's travel business provides specialized services for corporate and institutional clients, setting it apart from travel agencies or general online platforms focused on individual consumers. The company offers a business travel management system (BTMS) that applies each client's unique travel policies. Through customized consulting, real-time reservation and payment management, and analytical report services, Redcap Tour continues to expand its B2B and B2G customer base.

This year, Redcap Tour enhanced efficiency by restructuring its organization around client needs, integrating the rental car and travel divisions. A new team dedicated to new business development was established to strengthen expertise. Profitability improved as the company ended operations focused solely on price competition. In the fourth quarter, Redcap Tour plans to maintain its profitability-oriented strategy and cost-efficiency approach, focusing on strengthening competitiveness in its core businesses.

Yoo Sung In, CEO of Redcap Tour, stated, "Our meaningful growth this year is the result of strategic rebalancing, selective focus, and customer-centric management," adding, "We will continue to achieve positive results through proactive sales activities in the remaining period."