Hyundai Glovis topped 29 trillion won in revenue last year, and operating profit rose more than 18%, marking its best performance since its founding. Despite uncertainties such as the U.S. government's tariff policy, the company focused on diversifying its business by expanding overseas orders. Hyundai Glovis plans to continue growing this year with a core policy of expanding non-affiliate customers.
Hyundai Glovis disclosed that on a consolidation basis for last year it posted revenue of 29.5664 trillion won and operating profit of 2.073 trillion won. Net profit came to 1.7346 trillion won, up 57.8% from a year earlier. Hyundai Glovis had set this year's targets at 28 trillion to 29 trillion won in revenue and 1.8 trillion to 1.9 trillion won in operating profit, and exceeded both.
Fourth-quarter results also improved. Hyundai Glovis recorded revenue of 7.427 trillion won and operating profit of 508.2 billion won in the fourth quarter. That was up 2.5% and 10.6%, respectively, from a year earlier. Fourth-quarter net profit was 440.4 billion won. A Hyundai Glovis official said, "This is the result of pursuing business with the core policies of 'growth through asset expansion' and 'expanding non-affiliate customers' amid a difficult internal and external environment."
By business, the logistics segment posted fourth-quarter revenue of 2.5336 trillion won and operating profit of 164.6 billion won. For the full year, revenue was 10.0825 trillion won and operating profit was 753.4 billion won. Revenue rose 2% year over year, while operating profit fell 9%. Hyundai Glovis said it was affected by a slight increase in global finished-vehicle sales and some weakness in container freight rates.
In shipping, fourth-quarter revenue and operating profit were 1.4616 trillion won and 212.3 billion won. For last year, revenue was 5.4014 trillion won and operating profit was 745.1 billion won, up 5% and 104%, respectively, from a year earlier. The company cited factors such as an increase in non-affiliate customers including in China and improved operating efficiency from rationalizing fleet operations.
The distribution division recorded fourth-quarter revenue of 3.4768 trillion won and operating profit of 131.3 billion won. For the full year, revenue was 14.0825 trillion won and operating profit was 574.5 billion won. The figures were up 5% and 3%, respectively, from a year earlier, driven by the start of mass production at Hyundai Motor Group's new plant in Georgia in the United States and the full-fledged start of exports of volumes bound for technical-support assembly plants in emerging markets.
According to the Financial Supervisory Service's electronic disclosure system, Hyundai Glovis's revenue rose 4.1% and operating profit rose 18.3% from a year earlier. Net profit was 1.7346 trillion won, up 57.8% year over year. Fourth-quarter revenue was 7.472 trillion won and operating profit was 508.3 billion won. Revenue rose 2.5% and operating profit rose 10.6% from a year earlier.
Hyundai Glovis resolved to increase the 2025 settlement of account dividends by 57% to 5,800 won per share.
A Hyundai Glovis official said, "This year, we will also pursue a strategy of growth through asset expansion and expanding non-affiliate customers," adding, "We also plan to focus on investment to secure new growth engines such as artificial intelligence (AI) and Robotics."