Record Fourth Quarter Revenue
Consolidated Q4 revenue reached KRW 46.8 trillion, up 0.5% Y-o-Y, marking the highest fourth quarter revenue on record. Revenue benefited from a favorable FX tailwind (~KRW 1.7 trillion) and improved regional mix driven by North America and eco-friendly vehicle sales.
U.S. Market Milestone and Hybrid Momentum
Hyundai achieved annual U.S. wholesale sales of 1.0 million units for the first time. U.S. Q4 wholesale rose 0.8% Y-o-Y to 244,133 units. Hybrid vehicles showed strong performance: U.S. hybrid share reached 22.6% in Q4, global hybrid sales grew 15.3% Y-o-Y in Q4 and ~28% Y-o-Y for the year to 635,000 units (15.3% of total annual sales).
Annual Revenue Growth and Meeting Revised Guidance
Full-year consolidated revenue grew 6.3% Y-o-Y to KRW 186.3 trillion, exceeding the initial revenue growth target. Despite headwinds, the annual operating profit margin reached 6.2%, within the company’s revised guidance range (6%–7%).
Continued Shareholder Returns and Capital Actions
Company committed to a minimum annual DPS of KRW 10,000 (year-end DPS of KRW 2,500 delivered), yielding a dividend payout ratio of 27.7%. Announced treasury share repurchase program of KRW 400.7 billion with plans to retire shares (1% annual retirement schedule) and target TSR of at least 35% over the multi-year program.
Strong Finance Division and Hyundai Capital America Performance
Finance division revenue increased 9.2% Y-o-Y. Hyundai Capital reported asset growth (installments +14.7% Y-o-Y; lease volume +10.1% Y-o-Y) and maintained low delinquency at 0.82%. Hyundai Capital’s profit before tax rose 13.6%. Hyundai Capital America (HCA) saw leased eco-friendly assets increase rapidly (lease assets +32.2% Y-o-Y) and Q4 operating profit up 48.4% Y-o-Y.
2026 Guidance and Increased Strategic Investment
2026 wholesale target set at 4.158 million units (+~20k units Y-o-Y). Guidance calls for consolidated revenue growth of ~1%–2% and OPM target of 6.3%–7.3%. Planned total investment for 2026 is KRW 17.8 trillion (+23.2% Y-o-Y) including R&D KRW 7.4 trillion (+21%) and CAPEX KRW 9.0 trillion (+32%) to accelerate electrification and U.S. localization.