SEOUL, July 25 (AJP) - Hyundai Mobis reported robust second-quarter earnings on Friday, buoyed by the expansion of its electrification business in North America and a favorable foreign exchange environment that helped lift margins across its core auto parts operations.
The South Korean auto parts firm posted revenue of 15.94 trillion won, or about $11 billion, for the April–June period, up 8.7 percent from a year earlier. Operating profit jumped 36.8 percent to 870 billion won ($640 million), reflecting improved profitability across its portfolio of high-value components.
The company attributed the performance to a ramp-up at its electrification plant in North America and rising global demand for advanced automotive electronics, including sensors and controllers used in electric and connected vehicles.
Hyundai Mobis also cited growing global sales of after-sales service parts and company-wide cost discipline as key drivers of the profit surge, alongside currency gains that worked in the firm’s favor.
In the first half of the year, Hyundai Mobis recorded revenue of 30.69 trillion won ($21.8 billion) and operating profit of 1.65 trillion won ($1.2 billion), representing year-over-year increases of 7.6 percent and 39.7 percent, respectively.
Still, the company acknowledged external headwinds. “Some customer projects have been postponed due to tariff-related uncertainties and weaker electric vehicle demand,” the firm said in a statement. “However, we expect large-scale orders to concentrate in the second half and remain committed to achieving our full-year targets.”
As part of a broader push to boost shareholder returns, Hyundai Mobis said it will raise its interim dividend from 1,000 won to 1,500 won per share. It also plans to repurchase and cancel treasury shares worth 110 billion won and retire an additional 700,000 shares already in its holdings.
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