Seoul, Korea / Neu-Isenburg, Germany, 6 November 2026 – Premium tyre manufacturer Hankook announced its consolidated global financial results for the third quarter of 2026, reporting revenue of KRW 5.465 trillion (EUR ~3,336.4m) and operating profit of KRW 598.8 billion (EUR ~365.5m).

In the tyre business, sales grew 3.7% year-over-year to KRW 2.8083 trillion (EUR ~1,714.5m), reaching a record quarterly high, driven by increased sales volume and favourable foreign exchange effects. Operating profit declined 2.6% year-over-year to KRW 505.9 billion (EUR ~308.8m), as rising raw material and logistics costs amid geopolitical tensions in the Middle East weighed on profitability. However, increased sales of high-value-added products partially offset the impact.

In the thermal management segment, Hanon Systems – consolidated as a subsidiary of Hankook since 2025 – reported third-quarter 2026 sales of KRW 2.6569 trillion (EUR ~1,622.0m), down slightly by 1.8% year-over-year, while operating profit increased 26.6% to KRW 120.6 billion (EUR ~73.6m).

Hankook offers a diverse portfolio of tyres measuring 18 inches and above, winter tyres and EV-exclusive tyres to meet varying consumer demands. For the first nine months of 2026, tyres measuring 18 inches and above accounted for 49.4% of passenger car and light truck tyre sales, while EV-exclusive tyres represented 32.3% of original equipment (OE) tyre sales in the same segment.

Hankook continues to expand its OE tyre partnerships with global premium automakers. This year, the company demonstrated its technological capabilities and product competitiveness in the high-performance sports car market by supplying OE tyres for the Porsche 911 Carrera. Hankook is also strengthening its position in the global OE market by expanding its OE tyre portfolio to include a wider range of vehicles, such as the Porsche Panamera luxury sports saloon and the Volkswagen T-Roc compact SUV.

Hankook is expanding its presence in the electric vehicle (EV) market with iON, the world’s first full-lineup EV-specialised tyre brand. Leveraging EV-specific technologies developed ahead of the transition to electric mobility, the company is enhancing its competitiveness in the replacement tyre market. At the same time, Hankook has gained recognition for its innovative technologies by supplying OE tyres for key electric models from premium automakers this year, including the Porsche Taycan and Ford Mustang Mach-E.

Hankook supplies racing tyres for global motorsport competitions, including the FIA World Rally Championship (WRC) and Lamborghini Super Trofeo. The company is also expanding the application of its innovative technologies to future mobility through the development of next-generation tyre technologies, such as its non-pneumatic tyre, i-Flex.

Hankook: Consolidated Financial Results for Q3 2026

Hanon Systems: Consolidated Financial Results for Q3 2026

*Exchange Rates:

(NOTE: Average exchange rates for the given annual period were retrieved from Korea Exchange Bank. Euro and US dollar figures have been converted at the average exchange rates shown. In line with the calculation method used by Hankook’s headquarters in Korea, figures are truncated after the first decimal place rather than rounded. Recalculated figures may therefore differ by 0.1.)