Hyundai Mobis achieved its largest-ever revenue and operating profit last year despite the impact of U.S. tariff.
On the 28th, Hyundai Mobis said its operating profit (consolidation basis) last year rose 9.2% from a year earlier to 3.3575 trillion won. During the same period, revenue increased 6.8% to 61.1181 trillion won from 57.2370 trillion won. Both operating profit and revenue were all-time highs.
Looking only at the fourth quarter of last year, revenue and operating profit were tallied at 15.3979 trillion won and 930.5 billion won, respectively. Compared with the same period a year earlier, revenue increased 4.7%, while operating profit fell 5.6%.
Hyundai Mobis' results last year were driven by manufacturing, including module assembly and parts production. Revenue in this business segment came to 47.8001 trillion won, up 5.9% from a year earlier.
A Hyundai Mobis official said, "Along with the full-fledged operation of the North American electrification plant, growth in high value-added core components such as electronic parts boosted revenue, and despite the impact of U.S. tariff, companywide profit-and-loss improvement efforts led to better profitability."
The after-sales (AS) parts business segment also posted 13.3180 trillion won in revenue, aided by strong global demand and a favorable exchange rate. That was up 10.2% from a year earlier.
Hyundai Mobis plans to carry out facility investments without delay this year, including strengthening competitiveness in future mobility and expanding global bases. Research and development (R&D) investment is expected to exceed 2 trillion won for the first time this year.
It also plans to consistently maintain the shareholder return policy released at last year's CEO Investor Day and continue cash dividends and the purchase and cancellation of treasury shares.
Hyundai Mobis increased total dividends to 6,500 won last year and canceled 700,000 treasury shares it held and 1.56 million newly purchased treasury shares. Under last year's shareholder return policy, Hyundai Mobis delivered a total shareholder return (TSR) of about 32.8%.