Hyundai Motor Q1 Net Profit Declined 23.6% YoY

Published: Apr 29, 2026 09:19
[Hyundai Motor's Q1 Net Profit Down 23.6% YoY] Hyundai Motor Company said its Q1 2026 net profit fell 23.6% YoY, affected by US auto tariffs, rising raw material costs driven by geopolitical risks, and other factors. According to filings submitted to regulators, Hyundai Motor posted a net profit of 2.58 trillion won (approximately $1.7 billion) in the first three months of this year, down from 3.38 trillion won in the same period last year. Operating profit fell 30.8% YoY to 2.51 trillion won over the same period, while sales rose 3.4% YoY to 45.93 trillion won.

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