Hankook Tire & Technology reported consolidated third-quarter 2026 revenue of KRW 5.465 trillion and operating profit of KRW 598.8 billion. The Seoul-based company published the results on November 6, 2026.
The tire business posted record quarterly sales of KRW 2.8083 trillion, up 3.7 percent year over year, or about USD 1,972.9 million. Tire operating profit fell 2.6 percent to KRW 505.9 billion, about USD 355.4 million.
Tire Business: Volume and FX Lift Sales, Costs Weigh on Profit
Hankook said tire sales growth reflected higher volume and favorable foreign exchange. Operating profit declined as raw material and logistics costs rose amid geopolitical tensions in the Middle East. Increased sales of high-value-added products partly offset that pressure.
Average USD/KRW for the quarter was 1,423.38, according to the company's results table.
Hanon Systems Contribution
Hanon Systems, Hankook's thermal management subsidiary consolidated since 2025, reported Q3 sales of KRW 2.6569 trillion, down 1.8 percent year over year. Operating profit rose 26.6 percent to KRW 120.6 billion.
High-Value Mix and OE Wins
For the first nine months of 2026, tires measuring 18 inches and above accounted for 49.4 percent of passenger car and light truck tire sales. EV-exclusive tires represented 32.3 percent of original equipment tire sales in that same PC/LT segment.
OE highlights this year include the Porsche 911 Carrera, Porsche Panamera and Volkswagen Atlas. EV OE fitments include the Porsche Taycan and Ford Mustang Mach-E. Hankook also pointed to its iON EV brand in the replacement market, racing supply for the FIA World Rally Championship and Lamborghini Super Trofeo, and continued development of its i-Flex non-pneumatic tire.
The company did not break out a North America segment in this release. Full details are in the Hankook Media Center release. More on the brand is available at Hankook Tire America and on its iON EV tire lineup.
Peer third-quarter coverage on Traction News includes NEXEN TIRE's Q3 2026 results.
