Kumho Tire Reports Q1 Sales of KRW 1.1678 Trillion... On Track to Achieve KRW 5.1 Trillion Annual Target

Kumho Tire announced that it recorded consolidated sales of KRW 1.1678 trillion and an operating profit of KRW 147 billion in the first quarter of 2026.

In the first quarter, sales amounted to KRW 1.1 trillion, driven by growth in both original equipment (OE) tire supply-mainly in North America and Europe-and replacement (RE) tire sales, including high-margin tires.

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Since the fourth quarter of 2023, the company has maintained quarterly sales above KRW 1 trillion for 10 consecutive quarters. Despite external challenges such as the imposition of U.S. tariffs, Kumho Tire has maintained stable sales and profitability through a strategically improved mix focused on premium new products and high-inch tires.

According to first-quarter results, high-inch products (18 inches and above) accounted for 45.1% of sales, while the share of EV tire supply, based on global OE sales, reached 20.6%.

Kumho Tire previously set its annual guidance at KRW 5.1 trillion in sales, a 47% share for 18-inch and above high-inch products, and a 30% share for EV tire supply.

Although cost-increasing factors such as U.S. tariffs and the war in the Middle East have emerged, global sales expansion and qualitative growth focused on high-margin products continue.

Kumho Tire is also accelerating the establishment of a global production system connecting Korea, Europe, and North America through the ongoing construction of its Hampyeong and European plants. Based on this, the company plans to focus on expanding its presence in the global market and securing profitability.

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