Hyundai Motor Company · KRX:005380
Hyundai Motor — Q4 2025 Earnings Presentation
25 slides from Hyundai Motor's earnings presentation, Jan 29, 2026
Slide 1: Hyundai Motor Company Q4 2025 Business Results
Hyundai Motor Company Q4 2025 Business Results January 29, 2026
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements In the presentation that follows and in related comments by Hyundai Motor’s management, our use of the words “expect,” “anticipate,” “project,” “estimate,” “forecast,” “objective,” “plan,” “goal,” “outlook,” “target,” “pursue” and simil
Slide 3: Table of Contents
Table of Contents Q4 Highlights P. 3 Sales Summary P. 4~10 Financial Summary P. 11~17 Appendix P. 20~24
Slide 4: Q4 Highlights
Q4 Highlights KRW 47T 1mn units 16.3% Record-high Q4 Revenue First 1 million Wholesale(2025) in the U.S. Market Highest Q4 HEV Sales Portion First-ever achievement of one million wholesale Global HEV sales ratio reached 16.3% for Q4, Despite concerns over tariff impact, sales(FY2025) in the U.S. mar
Slide 5: Sales Summary
Sales Summary Global Wholesale / Retail Sales P. 5~6 Market Summary P. 7~9 Sales Analysis P. 10
Slide 6: Global Wholesale / Retail Sales (Quarterly)
Global Wholesale / Retail Sales(Quarterly) Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Market Demand1 Market Demand1 Wholesale Wholesale Retail Sales Retail Sales (Thousand units) -3.8% +3.7% -4.3% +20.3% -7.0% +0.8% -1.0% -11.6% +1.4% -6.3% -6.3% +0.4% +4.9% +57.7% +23.3% 4,231 438 419 1,079 1,
Slide 7: Global Wholesale / Retail Sales (Annual)
Global Wholesale / Retail Sales(Annual) 2024 2025 2024 2025 2024 2025 Market Demand1 Market Demand1 Wholesale Wholesale Retail Sales Retail Sales (Thousand units) +2.0% +1.6% +3.2% +5.7% +6.7% +1.9% +7.9% -1.4% -0.3% +1.1% +1.1% -5.5% -3.0% +1.2% -18.9% 16,352 16,610 24,092 16,360 1,633 1,685 4,320
Slide 8: U.S. Market Summary
U.S. Sales by Type (Thousand units, Wholesale) Market Summary 23.7% 20.6% Despite market demand slowdown(YoY -3.8%) due to growing macro uncertainties, wholesales grew YoY 242 244 +0.8% and secured 6% range of M/S 76.3% 79.4% Q4 2024 Q4 2025 Achieved highest HEV sales ratio 22.6% and Genesis Sales o
Slide 9: Europe
Europe Sales by Type (Thousand units, Wholesale) Market Summary 1.0% 0.9% 38.5% 31.5% Sustained growth in EV and PHEV demand driven by regulatory compliance and subsidies 156 138 60.5% 67.6% Q4 2024 Q4 2025 Optimized SUV and HEV sales delivering 2025 full-year Sales of Eco-Friendly Vehicles YoY grow
Slide 10: Korea
Korea Sales by Type (Thousand units, Wholesale) Market Summary 37.6% 18.1% 39.0% 14.8% Q4 wholesale declined by YoY 6.3% due to fewer working days 189 177 2025 YTD wholesale growth YoY +1.1% driven by new 44.3% 46.2% model momentum Q4 2024 Q4 2025 Sales of Eco-Friendly Vehicles New-model effects fro
Slide 11: Sales Analysis
Sales Analysis Sales by Segment (Thousand units, wholesale) Product Mix (Thousand units, wholesale) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 SUV PV CV SUV1 638 605 645 659 638 2,547 EV HEV PHEV FCEV ICE Genesis 38 34 39 37 39 149 PV 374 346 366 327 351 1,390 Genesis 20 18 20 16 19 73 5.5% CV2 54
Slide 12: Financial Summary
Financial Summary Financial Summary P. 12~13 Revenue & Operating Income Analysis P. 14~15 Status of Income P. 16~17
Slide 13: Financial Summary (Quarterly)
Financial Summary(Quarterly) (Billion KRW) Q4 2024 Q3 2025 Q4 2025 YoY QoQ Revenue 46,624 46,721 46,839 +0.5% +0.3% Automotive 35,750 36,715 36,590 +2.4% -0.3% Finance 8,188 7,189 7,432 -9.2% +3.4% Others 2,686 2,817 2,817 +4.9% -0.0% SG&A 6,264 5,747 6,148 -1.9% +7.0% Operating Income 2,822 2,537 1
Slide 14: Financial Summary (Annual)
Financial Summary(Annual) (Billion KRW) 2024 2025 YoY Revenue 175,231 186,254 +6.3% Automotive 136,725 145,632 +6.5% Finance 28,447 30,233 +6.3% Others 10,059 10,389 +3.3% SG&A 21,510 22,749 +5.8% Operating Income 14,240 11,468 -19.5% Automotive 11,075 7,359 -33.6% Finance 1,795 2,164 +20.6% Others
Slide 15: Revenue & Operating Income Analysis (Quarterly)
Revenue & Operating Income Analysis(Quarterly) (Billion KRW) Revenue +215 (+0.5%) 46,624 1,676 46,839 1,125 -626 -1,960 Q4 2024 Volume Mix** FX Others Q4 2025 Operating Income -1,127 (-39.9%) 710 2,822 -402 -502 -10 OPM (6.1%) 538 1,695 OPM -1,461 (3.6%) Q4 2024 FX* Volume Mix** Finance Tariff Other
Slide 16: Revenue & Operating Income Analysis (Annual)
Revenue & Operating Income Analysis(Annual) (Billion KRW) Revenue +11,023 (+6.3%) 5,674 2,116 186,254 175,231 4,975 -1,742 24.4Q 2024 Volume Volume Mix Mix** FX FX Others Others 25.4Q 2025 Operating Income -2,772 (-19.5%) 1,749 14,240 -370 369 -2,189 1,780 11,468 OPM -4,110 (8.1%) OPM (6.2%) Q42024
Slide 17: Status of Income (Quarterly)
Status of Income(Quarterly) COGS Non-operating Income (Billion KRW) +1,458 (+3.9%) -326 (-109.8%) 297 -29 Others COGS 196 126 Finance 37,537 38,995 (Ratio to Rev.) 33,317 37,574 (80.5%) (83.3%) 359 Equity Income (80.0%) (80.5%) 335 -234 -514 Q4 2024 Q4 2025 Q4 2024 Q4 2025 SG&A Net Income -116 (-1.9
Slide 18: Status of Income (Annual)
Status of Income(Annual) COGS Non-operating Income (Billion KRW) +12,556 -1,168 (+9.0%) (-33.0%) 3,542 2,374 633 289 Others COGS Finance 139,482 152,038 (Ratio to Rev.) 3,114 (79.6%) (81.6%) 2,510 Equity Income -205 -425 2024 2025 2024 2025 SG&A Net Income +1,239 (+5.8%) -2,865 22,749 (-21.7%) 21,51
Slide 19: Thank You
Thank You
Slide 20: Q&A
Q&A
Slide 21: Appendix
Appendix Income Statement P. 21~22 Balance Sheet P. 23 Cash Flow Statement P. 24
Slide 22: Income Statement (Quarterly)
Income Statement(Quarterly) (Billion KRW) Q4 2024 Q3 2025 Q4 2025 YoY QoQ Revenue 46,624 46,721 46,839 +0.5% +0.3% Cost of Good Sold 37,537 38,437 38,995 +3.9% +1.5% Gross Profit 9,086 8,284 7,843 -13.7% -5.3% Margin (%) 19.5% 17.7% 16.7% -2.8%p -1.0%p SG&A 6,264 5,747 6,148 -1.9% +7.0% Portion (%)
Slide 23: Income Statement (Annual)
Income Statement(Annual) (Billion KRW) 2024 2025 YoY Revenue 175,231 186,254 +6.3% Cost of Good Sold 139,482 152,038 +9.0% Gross Profit 35,749 34,217 -4.3% Margin (%) 20.4% 18.4% -2.0%p SG&A 21,510 22,749 +5.8% Portion (%) 12.3% 12.2% -0.1%p Operating Income 14,240 11,468 -19.5% Margin (%) 8.1% 6.2%
Slide 24: Balance Sheet
Balance Sheet (Billion KRW) 2024 2025 Diff. % change Asset 339,798 368,845 29,046 +8.5% Current Asset(a) 115,764 120,777 5,013 +4.3% Liabilities(b) 219,523 241,197 21,674 +9.9% Current Liability(c) 79,510 88,579 9,069 +11.4% Debt(d) 156,489 175,390 18,901 +12.1% Provision 12,387 12,185 -202 -1.6% Eq
Slide 25: Cash Flow Statement
Cash Flow Statement (Billion KRW) Q4 2024 Q1 2025 Q2 Q3 Q4 Beginning 14,992 19,015 17,998 17,520 17,861 Net Income 2,474 3,382 3,250 2,548 1,184 Depreciation 695 1,208 1,250 1,295 1,264 & Amortization Acquisition of -2,437 -2,085 -1,772 -1,689 -2,821 Tangible Acquisition of -984 -492 -565 -619 -1,02