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Earnings Score 45 Bearish

Hyundai Mobis Reports Q1 Net Profit Drop Despite Revenue Growth

Apr 24, 2026 03:27 UTC
012330.KS
Short term

Hyundai Mobis saw a 14.4% decline in first-quarter net profit despite a 5.5% increase in overall sales. The company faced headwinds in its Module and Core Parts segment due to lower OEM production volumes.

  • Net profit declined 14.4% YoY to 883 billion KRW
  • Total revenue rose 5.5% to 15.56 trillion KRW
  • Operating profit increased slightly to 803 billion KRW
  • Module and Core Parts revenue grew 4.9% to 12.0 trillion KRW
  • Stock price fell 4.86% following the announcement

Hyundai Mobis (012330.KS) has announced its first-quarter financial results, revealing a contraction in net profit despite a rise in top-line revenue. The company reported a net profit of 883 billion Korean won, representing a 14.4% decrease compared to the same period last year. The results highlight a divergence between sales growth and bottom-line profitability. Total sales for the quarter climbed 5.5% to 15.56 trillion Korean won. Operating profit showed slight resilience, rising to 803 billion won from 777 billion won in the prior year. The Module and Core Parts division struggled, recording losses attributed to a decline in OEM production volumes. However, revenue within this specific segment grew 4.9% to 12.0 trillion won, supported by an expansion in electronics sales and increased production for non-captive customers. Investors reacted negatively to the profit decline, with shares trading at 421,000 Korean won, a drop of 4.86%. The results underscore the challenges facing automotive suppliers as they balance traditional OEM dependencies with the shift toward electronics and diversified client bases.

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