Hyundai Autoever ( 307950) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was KRW 833 billion, up 13.9% year-over-year, with growth across all business segments.

• Net profit dropped 23.7% year-over-year and 61.5% sequentially, reflecting margin pressures.

• Operating profit margin fell to 3.2% from 4.2% a year ago, due to delayed revenue recognition and higher overhead.

• Operating income for Q1 2025 was KRW 26.7 billion, down 13.1% year-over-year, reflecting increased costs.

• The company maintained a strong cash position with KRW 307.4 billion in cash and equivalents at quarter-end.

Financial highlights

• 1Q25 revenue: KRW 833 billion (+13.9% YoY, -28.2% QoQ).

• Gross profit: KRW 70 billion (+2.4% YoY, -42.9% QoQ); gross margin at 8.4%.

• Operating profit: KRW 27 billion (-13.1% YoY, -63.2% QoQ); OPM at 3.2%.

• Net profit: KRW 20 billion (-23.7% YoY, -61.5% QoQ); NPM at 2.4%.

• Basic and diluted EPS for Q1 2025 was KRW 714, compared to KRW 926 in Q1 2024.

Outlook and guidance

• Management notes temporary margin drop due to delayed revenue recognition in several projects.

• Expansion in IT outsourcing and automotive software platforms expected to support future growth.

• The company continues to invest in R&D, focusing on digital transformation, vehicle software, and AI.

• Ongoing major contracts include AWS PPA billing and next-generation ERP projects, supporting future revenue.