Kia Broadcasts 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 robust 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 immediately introduced its 2025 first quarter enterprise outcomes.

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

Working revenue decreased 12.2 % to KRW 3.01 trillion, with an working revenue margin of 10.7 %. The corporate additionally recorded a internet revenue, together with non-controlling pursuits, of KRW 2.39 trillion, down 14.8 % 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 trade charges, Kia’s first quarter working revenue decreased year-over-year. This was as a result of base impact of low 2024 incentives in addition to the slowdown in trade demand progress.

The corporate nonetheless recorded an working revenue margin of over 10 % 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 % enhance over its 2024 efficiency.

Gross sales elevated in main areas together with North America, led by the continued robust 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 as a result of deferred demand forward of the launch of Sportage PE, deliberate for the second quarter. Gross sales in Korea additionally decreased barely, regardless of a progress in gross sales of the corporate’s hybrid and EV fashions, as a result of 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 % enhance from a yr earlier.

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

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

Outlooks

In 2025, Kia anticipates that world market uncertainties corresponding 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 increase gross sales via its hybrid fashions. The corporate additionally goals to proceed its gross sales momentum and increase 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 boost profitability by growing 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 increase 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 robust gross sales of the Syros SUV.

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

The corporate additionally just lately introduced its Plan S 2030 enterprise technique through the firm’s 2025 CEO Investor Day, up to date with progress methods for brand spanking new merchandise and a deal with the corporate’s electrification dedication.

Kia 2025 Q1 Outcomes

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

* Web Revenue contains non-controlling curiosity
* Underneath Ok-IFRS

Notes:
A. The above outcomes are tentative consolidated enterprise outcomes beneath “Korean Worldwide Monetary Reporting Requirements (Ok-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 until 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 seek advice from the corporate web site – (hyperlink) 
F. Presentation materials is accessible for obtain on the Firm IR web site – (hyperlink)