Hankook Tire Reports Q2 2025 Revenue of KRW 5.3696 Trillion and Operating Profit of KRW 353.6 Billion

- The tire division posted sales of KRW 2.5114 trillion and operating profit of KRW 346.4 billion
- Share of high-inch tires and original equipment (OE) EV tires in passenger car and light truck (PCLT) tire sales reached 47.2% and 24%, respectively.
- Expanded global OE partnerships with leading automakers, leveraging advanced technology and strengthened EV capabilities

Seoul, Korea, August 14, 2025 — Global leading tire company Hankook Tire & Technology (Hankook Tire) announced its consolidated financial results for the second quarter of 2025, reporting revenue of KRW 5.3696 trillion and operating profit of KRW 353.6 billion. Since the first quarter of 2025, Hankook Tire has included the performance of Hanon Systems in its consolidated results following its acquisition. From the second quarter onward, depreciation and amortization expenses associated with Purchase Price Allocation (PPA) have also been recognized.

In the tire business, sales rose 8.4% year-over-year to KRW 2.5114 trillion, driven by strong demand for replacement and original equipment (OE) tires in global markets and a higher proportion of high-value-added products. However, operating profit declined 17.5% to KRW 346.4 billion, impacted by higher raw material costs, increased logistics expenses, and tariffs on U.S. automotive parts.

In the thermal management segment, Hanon Systems recorded revenue of KRW 2.8581 trillion, up 11.7% year-over-year. Operating profit was KRW 64.3 billion, down 10.2% from the same period last year, but rising 205.1% quarter-over-quarter, supported by enhanced operational efficiency and ongoing strategic initiatives.

In the first half of 2025, 18-inch and larger tires accounted for 47.2% of total passenger car and light truck (PCLT) tire sales, up 0.6 percentage points year-over-year. In the original equipment (OE) tire segment for PCLT, electric vehicle (EV) tires accounted for 24% of sales, marking a 7 percentage point increase from a year earlier and reinforcing Hankook Tire’s competitive position in the expanding EV segment.

Hankook Tire expanded its portfolio of top-tier OE clients in the second quarter, supplying tires for Lucid Motors’ electric SUV, the Lucid Gravity, as well as Kia’s first sedan-type EV, the EV4, and its first pickup truck, the Tasman. The company now serves approximately 50 global automotive brands and more than 280 vehicle models—including Porsche, Mercedes-Benz, and BMW—solidifying its leadership in top tier tire technology.

The company’s dedicated EV tire brand, iON — the world’s first full-line range of EV-specific tires — ranked No.1 in a comparison test conducted by German automotive magazine Auto Bild, underscoring Hankook Tire’s position at the forefront of EV tire innovation.

Hankook Tire also continues to strengthen its ultra-high-performance (UHP) capabilities by leveraging data from its involvement in more than 70 global motorsport events, including the FIA World Rally Championship (WRC), ABB FIA Formula E World Championship, and the Lamborghini Super Trofeo, where it serves as an official tire supplier and team sponsor.

[Reference]
Hankook Tire & Technology (Hankook Tire): Consolidated Financial Results for Q2 2025

Hanon Systems: Consolidated Financial Result for Q2 2025

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