Kia Proclaims 2025 First Quarter Enterprise Outcomes

• Kia posts 2025 Q1 world gross sales of 772,648 models, a 1.6% enhance Y/y
• Q1 income at KRW 28.02 trillion, up 6.9% Y/y
• Q1 working revenue at KRW 3.01 trillion; working revenue margin of 10.7%
• Highest-ever quarterly income with an working revenue margin of over 10% for 10 consecutive quarters
• World retail gross sales of electrified fashions elevated by 10.7% to 174,000 models, pushed by sturdy demand for HEV fashions
• Kia to additional strengthen profitability via optimized operations by area, demand-based versatile manufacturing methods and environment friendly incentive methods

Kia Company right this moment introduced its 2025 first quarter enterprise outcomes.

For the primary quarter of 2025, the corporate’s quarterly income elevated 6.9 p.c to KRW 28.02 trillion, recording its highest-ever quarterly income. This was supported by the corporate’s sturdy world gross sales, elevated common promoting worth (ASP), and favorable alternate charges.

Working revenue decreased 12.2 p.c to KRW 3.01 trillion, with an working revenue margin of 10.7 p.c. The corporate additionally recorded a web revenue, together with non-controlling pursuits, of KRW 2.39 trillion, down 14.8 p.c in contrast with the identical interval final yr.

Regardless of the corporate’s enriched product combine centered on high-margin and high-value-added fashions, stabilized uncooked materials prices, and favorable alternate charges, Kia’s first quarter working revenue decreased year-over-year. This was because of the base impact of low 2024 incentives in addition to the slowdown in trade demand development.

The corporate nonetheless recorded an working revenue margin of over 10 p.c for 10 consecutive quarters, for the reason that fourth quarter of 2022.

Within the first quarter of 2025, Kia reported world gross sales of 772,648 models, a 1.6 p.c enhance over its 2024 efficiency.

Gross sales elevated in main areas together with North America, led by the continued sturdy demand for hybrid (HEV) fashions, together with the Carnival Hybrid and Sportage Hybrid. Gross sales additionally elevated in India, pushed by the profitable launch of the Syros SUV, in addition to in markets together with the Center East and Central and South America.

European gross sales decreased barely because of the deferred demand forward of the launch of Sportage PE, deliberate for the second quarter. Gross sales in Korea additionally decreased barely, regardless of a development in gross sales of the corporate’s hybrid and EV fashions, because of the discontinuation of the K3 subcompact sedan.

Gross sales of electrified automobiles

Within the first quarter of 2025, Kia recorded world retail gross sales of 174,000 electrified automobiles (xEVs), together with hybrid (HEV), plug-in hybrid (PHEV) and all-electric automobiles (EV), representing a ten.7 p.c enhance from a yr earlier.

Gross sales of Kia’s electrified automobiles accounted for 23.1 p.c of the corporate’s whole gross sales within the first quarter, a rise of 1.5 proportion factors.

This enhance was pushed by sturdy demand for hybrid automobiles, with gross sales of 104,000 models, a ten.6 p.c enhance yr over yr. Plug-in hybrid gross sales stood at 14,000 models, a 26.3 p.c lower yr over yr. The corporate’s EV gross sales elevated 27 p.c to 56,000 models.

Outlooks

In 2025, Kia anticipates that world market uncertainties akin to heightened geopolitical tensions and weakened shopper buying sentiment will persist. The corporate plans to proceed to react flexibly, with acceptable stock ranges and demand-based manufacturing operations, whereas implementing incentive methods centered on profitability and buyer worth.

Within the Korean market, Kia will efficiently launch the Kia EV4 and EV5 to strengthen its EV lineup, in addition to proceed to develop gross sales via its hybrid fashions. The corporate additionally goals to proceed its gross sales momentum and develop its car lineup via the Kia PV5 PBV mannequin and Tasman, the corporate’s first pickup truck.

Kia will preserve environment friendly incentives via demand-based manufacturing operations within the US, whereas increasing its EV gross sales via native manufacturing of the Kia EV6 and EV9. The corporate additionally goals to reinforce profitability by rising the availability of hybrid fashions, such because the Sorento and Sportage SUVs, and Carnival MPV.

In Europe, following the profitable launch of the EV3, Kia plans to develop its EV lineup and strengthen its electrification management with the introduction of the all-electric Kia EV4 and EV5, and its first PBV mannequin, the Kia PV5. In India, the corporate will proceed to leverage sturdy gross sales of the Syros SUV.

Kia will proceed its gross sales development in main markets via its interesting merchandise, together with the all-electric Kia EV3 SUV, which was named World Automotive of the 12 months on the 2025 World Automotive Awards. This cemented Kia’s world success, following the EV9, which gained the World Automotive of the 12 months title in 2024. 

The corporate additionally not too long ago introduced its Plan S 2030 enterprise technique in the course of the firm’s 2025 CEO Investor Day, up to date with development methods for brand new merchandise and a give attention to the corporate’s electrification dedication.

Kia 2025 Q1 Outcomes

(Income / Working Revenue / Internet Revenue unit: KRW Billion)

* Internet Revenue consists of non-controlling curiosity
* Beneath Okay-IFRS

Notes:
A. The above outcomes are tentative consolidated enterprise outcomes below “Korean Worldwide Monetary Reporting Requirements (Okay-IFRS)”
B. The above outcomes are preliminary and unaudited. Figures are topic to vary after official audit
C. The above gross sales volumes are primarily based on wholesales except in any other case specified
D. The electrified car retail gross sales determine is rounded as much as the closest hundred
E. For additional info, please discuss with the corporate web site – (hyperlink) 
F. Presentation materials is obtainable for obtain on the Firm IR web site – (hyperlink)