Hankook Tire, Q3 Revenue of 5.465 Trillion won and Operating Profit of 598.8 Billion won

Hankook Tire, a global tire manufacturer, disclosed its Q3 2026 financials, revealing a revenue of 5.465 trillion won and an operating profit of 598.8 billion won. In the tire sector, sales surged 3.7% YoY to 2.8083 trillion won, marking a quarterly record. This growth was fueled by increased sales volume and favorable foreign exchange rates.

However, the operating profit dipped 2.6% YoY to 505.9 billion won due to rising raw material and logistics costs, exacerbated by geopolitical tensions in the Middle East. Nevertheless, strong sales of high-value-added products helped mitigate the impact. Hanon Systems, Hankook Tire's subsidiary since 2025, recorded a 1.8% YoY decline in sales, while operating profit rose 26.6% to 120.6 billion won.

Hankook Tire offers a wide range of tires, including those for EVs, winter conditions, and measuring over 18 inches. The company holds a significant share of passenger car and light truck tire sales, with EV-exclusive tires accounting for 32.3% of original equipment tire sales. Hankook Tire has fortified its position with OE partnerships with premium automakers and showcased its technological prowess by supplying OE tires for the Porsche 911 Carrera.

The company is also expanding its presence in the global OE market by adding vehicles like the Porsche Panamera and Volkswagen Atlas to its portfolio. Hankook Tire's iON brand, the world's first full-lineup EV-specialized tire, demonstrates the company's commitment to electric mobility. The firm's technological innovations, including the non-pneumatic tire, i-Flex, and its OE tire supply for electric models from premium automakers, underscore Hankook Tire's leadership in the evolving global tire market.