Seoul, Korea / Neu-Isenburg, Germany, 14 August 2025 – Premium tyre manufacturer Hankook announced its consolidated financial results for the second quarter of 2025, reporting revenue of KRW 5.3696 trillion (EUR ~3,378.3m) and operating profit of KRW 353.6 billion (EUR ~222.4m). Since the first quarter of 2025, Hankook has included the performance of Hanon Systems in its consolidated results following its acquisition. From the second quarter onward, depreciation and amortisation expenses associated with Purchase Price Allocation (PPA) have also been recognised.

In the tyre business, sales rose 8.4 percent year-over-year to KRW 2.5114 trillion (EUR ~1,580.1m), driven by strong demand for replacement and original equipment (OE) tyres in global markets and a higher proportion of high-value-added products. However, operating profit declined 17.5 percent to KRW 346.4 billion (EUR ~217.9m), impacted by higher raw material costs, increased logistics expenses, and tariffs on U.S. automotive parts.

In the thermal management segment, Hanon Systems recorded revenue of KRW 2.8581 trillion (EUR ~1,798.2m), up 11.7 percent year-over-year. Operating profit was KRW 64.3 billion (EUR ~40.4m), down 10.2 percent from the same period last year, but rising 205.1 percent quarter-on-quarter, supported by enhanced operational efficiency and ongoing strategic initiatives.

In the first half of 2025, 18-inch and larger tyres accounted for 47.2 percent of total passenger car and light truck (PCLT) tyre sales, up 0.6 percentage points year-on-year. In the original equipment (OE) tyre segment for PCLT, electric vehicle (EV) tyres accounted for 24 percent of sales, marking a 7 percentage point increase from a year earlier and reinforcing Hankook’s competitive position in the expanding EV segment.

Hankook expanded its portfolio of top-tier OE clients in the second quarter, supplying tyres for Lucid Motors’ electric SUV, the Lucid Gravity, as well as Kia’s first sedan-type EV, the EV4, and its first pickup truck, the Tasman. The company now serves approximately 50 global automotive brands and more than 280 vehicle models – including BMW, Mercedes-Benz, and Porsche – solidifying its leadership in top tier tyre technology.

The company’s dedicated EV tyre brand, iON – the world’s first full-line range of EV-specific tyres – ranked No.1 in a comparison test conducted by German automotive magazine Auto Bild, underscoring Hankook’s position at the forefront of EV tyre innovation.

Hankook also continues to strengthen its ultra-high-performance (UHP) capabilities by leveraging data from its involvement in more than 70 global motorsport events, including the FIA World Rally Championship (WRC), ABB FIA Formula E World Championship, and the Lamborghini Super Trofeo, where it serves as an official tyre supplier and team sponsor.

Hankook Tire & Technology (Hankook Tire): Consolidated Financial Results for Q2 2025

Hanon Systems: Consolidated Financial Result for Q2 2025

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