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Hyundai Wia (011210) investor relations material
Hyundai Wia Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 8.0% year-over-year and quarter-over-quarter to 2,353.7 billion KRW in 2Q26, driven by increased sales in modules, engines (notably in Mexico and China), TMS, and defense exports.
Net income surged 192.1% year-over-year and 42.9% sequentially, reaching 50.6 billion KRW, supported by significant FX gains and improved product mix.
Operating profit declined 10.6% year-over-year and 2.3% sequentially, with margin compression to 2.1% due to lower sales in 4WD/CVJ and mobility solutions, and adverse mix changes in Russia and China.
Revenue for H1 2026 was KRW 4,533.1 billion, up 6.9% year-over-year, driven by strong domestic auto sales and defense exports. Operating profit reached KRW 101.9 billion (2.2% margin), and net income was KRW 86.0 billion.
The company completed the sale of its machine tool business and continues to invest in R&D and production capacity, focusing on electrification, smart mobility, and defense solutions.
Financial highlights
Revenue: 2,353.7 billion KRW (+8.0% YoY, +8.0% QoQ) in 2Q26; H1 2026 revenue: KRW 4,533.1 billion (+6.9% YoY).
Operating profit: 50.4 billion KRW (-10.6% YoY, -2.3% QoQ) in 2Q26; H1 2026 operating profit: KRW 101.9 billion (2.2% margin).
Net income: 50.6 billion KRW (+192.1% YoY, +42.9% QoQ) in 2Q26; H1 2026 net income: KRW 86.0 billion.
Income before tax: 75.1 billion KRW (+289.9% YoY, +41.8% QoQ), driven by FX gains.
Cash and cash equivalents at period end: KRW 657.8 billion; total assets: KRW 7,345.1 billion; total equity: KRW 4,233.4 billion.
Outlook and guidance
Growth in defense exports and module/TMS sales expected to continue.
The company targets continued growth in electrification, mobility solutions, and defense exports, with a mid-term dividend payout ratio of 25–35%.
Ongoing investments in production and R&D are planned, with a focus on global expansion and technology leadership.
Anticipated challenges include volume decreases in Russia and product mix shifts in China.
- H1 2024 saw stable revenue, margin pressure, and growth in defense exports amid EV investment.011210
Q2 2024 - 2024 YTD sales flat at KRW 6.48T; machine tool business divestment and EV focus ongoing.011210
Q3 2024 - Q1 2025 net profit surged to KRW 95.7 billion as defense exports offset auto parts softness.011210
Q1 2025 - H1 2025 revenue rose to KRW 4.24T, net income hit KRW 119.3B, and machine tool business was sold.011210
Q2 2025 - Revenue up 3.5% YoY to KRW 6.39T; machine tool business sold; focus on electrification.011210
Q3 2025 - Revenue up 3.7% YoY to KRW 8.48T; machine tool business sold; strong cash, stable dividend.011210
Q4 2025 - Q1 2026 sales and operating profit rose, but net income fell sharply due to FX losses.011210
Q1 2026 - Net income rose to ₩120.4B, with improved leverage and divestment of the machine tool business.011210
Q4 2024
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