Hyundai Motor Company has achieved its highest-ever third-quarter revenue in 2025, driven by strong global sales and favorable foreign exchange rates, even as profitability dipped amid higher incentives and tariff effects.

For the July–September 2025 period, Hyundai Motor reported consolidated revenue of KRW 46.72 trillion, marking an 8.8 percent increase year-on-year. The company credited robust sales in major markets such as the U.S. and Europe, along with a healthy boost from currency exchange movements, for this record-breaking performance.

Operating profit came in at KRW 2.54 trillion, down 29.2 percent compared to the same period last year, translating to an operating margin of 5.4 percent. Net profit, including non-controlling interests, fell 20.5 percent to KRW 2.55 trillion. Hyundai attributed the decline to increased sales incentives and the impact of global tariffs, which began to take full effect during the quarter.

“Our Q3 results reflect both strong business fundamentals and strategic navigation of a complex global environment,” said José Muñoz, President and CEO of Hyundai Motor Company. “We achieved record third-quarter revenue while growing global sales and expanding electrified vehicle sales. Operating profit was impacted by higher incentives and tariff effects that we’re managing through disciplined execution and localized production strategies.”

He added that Hyundai’s diversified powertrain approach and manufacturing investments, particularly in the U.S., are positioning the company for sustainable long-term growth. Reflecting its confidence, Hyundai announced a 25 percent increase in its quarterly dividend to KRW 2,500 per share.

Hyundai Motor sold 1,038,353 vehicles wholesale worldwide in Q3 2025, representing a 2.6 percent year-on-year increase. Sales outside of Korea grew 1.9 percent to 857,795 units, supported by strong performance in North America, where demand rose 2.4 percent. Popular SUV models such as the PALISADE, TUCSON, and SANTA FE, along with the ELANTRA sedan (Avante in some markets), continued to lead the charge.

In Korea, wholesales climbed 6.3 percent to 180,558 units, bolstered by successful new model launches, including the PALISADE Hybrid and the all-electric IONIQ 9 SUV.

Electrified vehicles were a key highlight, with global sales jumping 25 percent to 252,343 units. Hybrid models led this surge, contributing 161,251 units, while growing EV sales in Europe further reinforced Hyundai’s expanding electrification footprint.

Despite ongoing macroeconomic headwinds, including tariffs and uncertainty in emerging markets, Hyundai Motor reaffirmed its commitment to achieving its 2025 business targets outlined during its CEO Investor Day in September. The company said it will continue to optimize operations and adjust strategies to sustain growth amid global challenges.