Hankook & Company Reports Q3 Operating Profit of 137.1 Billion KRW... "Battery Business Remains Stable"

Improved Performance of Key Subsidiaries
Increased Equity-Method Gains

Hankook & Company, the business-oriented holding company of Hankook & Company Group, announced on November 10 that it achieved consolidated sales of 384.7 billion KRW and operating profit of 137.1 billion KRW in the third quarter. Sales increased by 0.9% compared to the same period last year, while operating profit remained at a similar level to the previous year (-0.1%).

Improvements in cost structure and operational efficiency at Hanon Systems led to a better financial structure, easing the financial burden on Hankook Tire & Technology. In addition, improved business performance, such as increased global tire sales, resulted in higher equity-method gains.

Sales from the battery (lead-acid battery) business remained stable at 241 billion KRW, a level similar to the same period last year, despite the impact of U.S. tariffs. The company has maintained resilience against U.S. tariffs by leveraging its unique local production base in the United States, the only one in the lead-acid battery industry. The business continues to grow, driven by increased third-quarter sales of the premium 'AGM' battery line, especially in North America.

On November 4, the company participated in 'AAPEX 2025,' the world’s largest automotive parts exhibition held in Las Vegas, United States, showcasing the technological and production competitiveness of its strategic product lineup centered on AGM batteries.

A company representative stated, "We will strengthen the holding company's core functions to further ease the financial burden of key subsidiaries, and continue to enhance both the technological and brand competitiveness of Hankook batteries amid global uncertainties such as U.S. tariffs."

This content was produced with the assistance of AI translation services.