Kia (000270) Q4 2025 earnings summary

Executive summary

• Q4 2025 sales revenue rose 3.5% year-over-year to W28,088 billion, but operating profit dropped 32.2% to W1,843 billion due to higher costs and tariffs.

• Global retail sales for Q4 2025 were 776,000 units, up 1.6% year-over-year, with notable growth in India (+40.9%) and the U.S. (+1.7%).

• Electrified vehicle sales share increased in major markets, with BEV and HEV mixes rising in the U.S. and Western Europe.

Financial highlights

• Gross margin declined to 18.3% from 21.2% year-over-year, reflecting increased cost of sales and SG&A expenses.

• Net profit for Q4 2025 was W1,471 billion, down 15.5% year-over-year.

• Full-year 2025 sales revenue reached W114,141 billion (+6.2%), but operating profit fell 28.3% to W9,078 billion.

• Full-year net profit was W7,554 billion, down 22.7% from 2024.

Outlook and guidance

• 2026 sales revenue is projected to grow 7.2% to W122.3 trillion, with wholesale and retail sales expected to rise 6.8%.

• Operating profit margin is forecast to improve slightly to 8.3% in 2026.

• New model launches in 2026 include Telluride and Seltos (ICE/HEV), and EV2 and India-specific EV (BEV).