Kia reports a 2% rise in net income in Q2

Kia Corporation announced a 2.3% emergence successful nett profits to KRW 2,327.8 trillion (US$ 1.59 billion) for the 2nd 4th of 2026, up from KRW 2,268.2 trillion a twelvemonth earlier, with US import tariffs and higher income incentives offset by grounds planetary conveyance deliveries. Operating profits fell by 4.9% to KRW 2,628.5 trillion.

The South Korean automaker reported a 12.6% summation successful planetary income revenues to a grounds KRW 33,037.0 trillion successful the three-month period, portion planetary wholesale deliveries roseate by 4.5% to 851,639 vehicles – including 154,816 units successful South Korea and 696,823 units overseas. The institution was not affected by the constituent shortages that held backmost Hyundai Motor's second-quarter results.

Sales of electrified vehicles jumped 60% to 296,000 units, accounting for 35% of Kia's planetary sales, driven by beardown hybrid-electric conveyance (HEV) income successful the US and higher artillery electrical conveyance (BEV) request successful South Korea and Europe. Total HEV retail income roseate by 61% to 178,000 units, helped by the motorboat of the caller Telluride and Seltos models, with income successful the US surging by 152% to 66,000 units, portion full BEV retail income surged by 88% to 110,000 units.

Kia said it expects coagulated concern results successful the 2nd fractional of 2026 to alteration it to conscionable its full-year guidance, "supported by competitory caller exemplary offerings and sustained BEV and HEV demand." The institution is targeting 3.35 cardinal planetary conveyance income successful 2026, supported by the motorboat of caller BEV models successful Europe and a betterment successful Middle Eastern demand.

In the US, Kia said that its plans to grow accumulation capableness of the Telluride SUV, including hybrid variants, and the ramp up of deliveries of the Sportage hybrid produced astatine the Hyundai Motor Group Metaplant America (HMGMA) volition assistance heighten profitability.

"Kia reports a 2% emergence successful nett income successful Q2" was primitively created and published by Just Auto, a GlobalData owned brand.