Hankook’s tire division posted record-high quarterly results

Seoul, Korea – Hankook Tire announced its consolidated global financial results for the third quarter of 2025, reporting revenue of KRW 5.4127 trillion and operating profit of KRW 585.9 billion.

In the tire business, sales reached KRW 2.7070 trillion, up 11.2% year-over-year, while operating profit rose 10.4% to KRW 519.2 billion, marking the highest quarterly performance in the company’s history. The increase in sales was driven by stronger demand for both replacement and original equipment (OE) tires in global markets, along with an increased proportion of high-inch tires sales. Declines in raw material and logistics costs partially offset the impact of U.S. automotive parts tariffs, supporting overall operating profit.

In the thermal management segment, Hanon Systems—consolidated as a subsidiary of Hankook Tire from the first quarter of this year—posted revenue of KRW 2.7057 trillion, up 8.2% year-over-year, while operating profit rose 1.7% from a year earlier and 48.2% quarter-over-quarter to KRW 95.3 billion.

In the third quarter, 18 inch and larger tires accounted for 47.4% of total passenger car and light truck (PCLT) tire sales, up 2.6 percentage points year-over-year. During the same period, electric vehicle (EV) tires represented 27% of PCLT tire sales, an increase of 7 percentage points from the same period last year.

In the third quarter, Hankook Tire further expanded its supply of OE tires for leading premium EV models, leveraging its industry-leading EV tire technology. This included fitments for the Porsche Macan, Xiaomi YU7, and BMW iX and New i4, as well as BMW’s new mid-size SAV, the New X3. Hankook Tire now supplies tires to approximately 50 global automotive brands across more than 290 vehicle models, underscoring its top-tier technological capabilities.

At the WhatTyre Awards, hosted by UK’s leading tire media outlet, Hankook Tire’s world-first full-lineup EV tire brand iON and its flagship Ventus line were named ‘EV Tire of the Year’ and ‘Performance Tire of the Year,’ respectively. These achievements further highlight the company’s innovative technology and leadership in the global tire market.

Hankook Tire also continues to elevate the high-end presence of its unified global brand “Hankook” through its role as the official tire supplier and team sponsor in more than 70 global motorsport competitions, including the FIA World Rally Championship (WRC), FIA Formula E World Championship, and the Lamborghini Super Trofeo. Data and insights gained from these events are applied to strengthen the company’s ultra-high-performance (UHP) tire technologies.