What were Hyundai Rotem’s third-quarter financial results?

Hyundai Rotem posted third-quarter net profit of 177.98 billion won, down 10.3 percent from a year earlier. Operating profit fell 11 percent to 247.1 billion won, while sales increased 0.1 percent to 1.62 trillion won.

Why is Hyundai Rotem acquiring Hyundai Wia’s defense business?

Hyundai Rotem said the 358.4 billion won acquisition will bolster its weapons production capabilities. The company expects the move to help increase overseas sales of its flagship K2 tanks.

How did Hyundai Rotem’s order backlog change by the end of September?

Hyundai Rotem’s order backlog was 29.14 trillion won at the end of September, which was 1.26 trillion won lower than three months earlier.

Hyundai Rotem Q3 net down 10.3% to $133.9 mil

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Summary

Hyundai Rotem reported lower third-quarter profit in South Korea on Monday. Net profit for July-September fell 10.3 percent year-on-year to 177.98 billion won, while operating profit declined 11 percent and sales edged up 0.1 percent. The company plans to acquire Hyundai Wia’s defense business for 358.4 billion won to strengthen weapons production and support overseas K2 tank sales.

Key Facts

Hyundai Rotem’s third-quarter operating profit was 247.1 billion won, while sales reached 1.62 trillion won.
For the first nine months, cumulative sales rose 11.2 percent year-on-year to 4.68 trillion won, while operating profit fell 4.7 percent to 703.7 billion won.
The company’s order backlog stood at 29.14 trillion won at the end of September, down 1.26 trillion won from three months earlier.
Hyundai Rotem plans to acquire Hyundai Wia’s defense business for 358.4 billion won.

By Yonhap

Published Oct 19, 2026 4:40 pm KST

Hyundai Rotem displays a K2 tank at the International Defence Industry Exhibition in Kielce, Poland, Sept. 8. Courtesy of Hyundai Rotem

Hyundai Rotem, the defense and railway subsidiary of Hyundai Motor Group, said Monday its third-quarter net profit fell about 10 percent from a year earlier.

Net profit for the July-September period decreased 10.3 percent to 177.98 billion won ($133.9 million), the company said in a regulatory filing.

Operating profit also declined 11 percent on-year to 247.1 billion won, while sales inched up 0.1 percent to 1.62 trillion won.

For the first nine months of the year, cumulative sales rose 11.2 percent on-year to 4.68 trillion won, while operating profit fell 4.7 percent to 703.7 billion won.

The company's order backlog stood at 29.14 trillion won at the end of September, down 1.26 trillion won from three months earlier.

Separately, Hyundai Rotem said it plans to acquire Hyundai Wia's defense business for 358.4 billion won to bolster its weapons production capabilities, a move expected to help boost overseas sales of its flagship K2 tanks.

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