Hankook reports record results on strong global demand

Seoul – Hankook Tire & Technology has reported record results in the third quarter of 2025, helped by high demand within its tires business.

The group posted sales of KRW5.4 trillion (€3.3 billion) for the three months to end of September, while operating profit came in at KRW585.9 billion.

In the tire business, sales reached KRW2.7 trillion, up 11.2% year-over-year, while operating profit rose 10.4% to KRW519.2 billion, said Hankook 6 Nov.

In the thermal management segment, Hanon Systems, which was consolidated as a Hankook subsidiary in the first quarter of the year, revenue came in at KRW2.7 trillion, up 8.2% year-over-year.

Segment operating profit rose 1.7% from a year earlier and 48.2% quarter-over-quarter to KRW95.3 billion, said Hankook.

This, said the Korean group, marked the highest quarterly performance in the company’s history.

Hankook linked higher tire sales to stronger global demand for both replacement and OE tires, along with an increased proportion of high-inch tire sales.

Declines in raw material and logistics costs partially offset the impact of US automotive parts tariffs, supporting overall operating profit.

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.

Hankook said it further expanded its supply of OE tires for leading EV models during the quarter, with fitments including the BMW iX, i4, and X3 as well as Porsche Macan and Xiaomi YU7.