Hyundai Autoever ( A307950) Q1 2025 earnings summary

Executive summary

• Revenue grew 13.9% year-over-year to KRW 833 billion in 1Q25, but declined 28.2% sequentially from 4Q24.

• Net profit dropped 23.7% year-over-year and 61.5% sequentially, reflecting margin pressures.

• Operating profit margin fell to 3.2% from 4.2% a year ago, due to delayed revenue recognition and higher overhead.

Financial highlights

• 1Q25 revenue: KRW 833 billion (+13.9% YoY, -28.2% QoQ).

• Gross profit: KRW 70 billion (+2.4% YoY, -42.9% QoQ); gross margin at 8.4%.

• Operating profit: KRW 27 billion (-13.1% YoY, -63.2% QoQ); OPM at 3.2%.

• Net profit: KRW 20 billion (-23.7% YoY, -61.5% QoQ); NPM at 2.4%.

Outlook and guidance

• Management notes temporary margin drop due to delayed revenue recognition in several projects.

• Expansion in IT outsourcing and automotive software platforms expected to support future growth.