Operating profit for the first quarter of 2026 came in at 2.51 trillion won, down 30.8 percent on year and in line with the market consensus of 2.4 trillion to 2.6 trillion won compiled by FnGuide.
The underperformance reflects multiple headwinds for carmakers – sharp rise in oil prices, slumped consumer sentiment, and supply-chain disruptions from the outbreak of a war in the Middle East on top of tariff risks and volatile exchange rate.
The Korean won's weakening to crisis-period levels drove a sharp increase in warranty-related costs, while tariff burdens and higher raw material prices further squeezed margins.
Revenue totaled 46 trillion won, up 3.4 percent from a year earlier and down 1.9 percent from the previous quarter.
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