Kumho Tire Posts Third-Quarter Sales of 1.2374 Trillion Won

Kumho Tire reported a third-quarter sales figure of 1.2374 trillion won, equivalent to approximately $893.11 million, in October 2026. Operating profit for the same period stood at 130.5 billion won, or $94.18 million. The company's sales growth was fueled by the expansion of original equipment (OE) tires in North America and Europe, alongside a rise in sales of replacement equipment (RE) tires, including high-margin products.

Kumho Tire's operating profit saw a 20.3% increase, from 108.5 billion won in the same quarter last year to 130.5 billion won, indicating a significant improvement in profitability. This growth was attributed to successful market penetration in North America and Europe, as well as a surge in sales of high-value-added products, such as high-inch and electric vehicle (EV) tires.

The company's strategic focus on launching premium products, increasing the share of high-inch products, and operating in key sales regions has contributed to its stable sales and profitability. Kumho Tire's annual sales target for the current year stands at 5.1000 trillion won, with a 47% share of high-inch product sales and a 30% share of EV tire supply.

The company is on track to meet early targets in the third quarter and is progressing smoothly towards achieving its overall management goals. Despite external cost-increasing factors like U.S. tariff policies and Middle East conflicts, Kumho Tire remains committed to global sales expansion and pursuing qualitative growth through the development of high-profit products and the construction of plants in Hampyeong and Europe.