Premium tyre manufacturer Hankook has announced its consolidated global financial results for 2025, reporting revenue of KRW 21.2022 trillion (EUR ~13,189.8m) and operating profit of KRW 1.8425 trillion (EUR ~1,146.2m).
In the tyre business, sales reached KRW 10.3186 trillion (EUR ~6,419.2m), up 9.6 percent year-over-year, surpassing KRW 10 trillion for the first time since its foundation, while operating profit reached KRW 1.6843 trillion (EUR ~1,047.8m). In the fourth quarter of last year, the tyre business recorded sales of KRW 2.7537 trillion (EUR ~1,631.0m) – the highest quarterly performance in the company’s history – with operating profit increasing 2.5 percent year-over-year to KRW 485 billion (EUR ~287.2m).
Despite heightened global economic uncertainty last year, sales growth was driven by resilient demand for both replacement and original equipment (OE) tyes across global markets, combined with an increased share of high-inch tyre sales.
In the thermal management segment, Hanon Systems – consolidated as a subsidiary of Hankook from the first quarter of last year – reported 2025 annual revenue of KRW 10.8837 trillion (EUR ~6,707.7m), up 8.9 percent year-over-year, while operating profit increased 184.5 percent to KRW 271.8 billion (EUR ~169.1m). In the fourth quarter of last year, the thermal management business recorded revenue of KRW 2.7025 trillion and operating profit of KRW 91.2 billion, demonstrating the benefits of sustained fundamental improvement since the consolidation.
For Hankook, 18-inch and larger tyres accounted for 47.8 percent of total passenger car and light truck (PCLT) tyre sales in 2025. Additionally, electric vehicle (EV) tyres represented 27 percent of PCLT tyre sales, reflecting the company’s continued pursuit of profitability-driven qualitative growth.
Last year, Hankook significantly expanded its global brand partnerships, including partnerships with BMW, CUPRA, Kia, Lucid Motors, Porsche and Xiaomi, further solidifying its leading position in global markets. The company currently supplies OE tyres to approximately 40 global automotive brands covering approximately 300 vehicle models, demonstrating recognition of its top-tier technological capabilities and competitive product quality.
Meanwhile, iON, Hankook’s world-first, full-lineup EV-specialised tyre brand, continued to expand its OE tyre supply for premium electric vehicle models. At the same time, it significantly broadened its influence in the replacement tyre market across key global regions, including Europe, Korea, North America, China, ASEAN, and the Middle East, establishing itself as a leading tyre brand specialising in electric vehicles.
In addition, in a tyre performance comparison test conducted last year by Germany’s automotive magazine, Auto Bild, products from Hankook’s iON range received the top “Exemplary” rating. The company further earned industry recognition at the WhatTyre Awards, hosted by the UK’s leading tyre media outlet, where iON was named “EV Tyre of the Year,” validating Hankook’s technological innovation.
Furthermore, Hankook continues to enhance the premium positioning of its unified global brand through its role as the official tyre supplier and team sponsor in more than 70 global motorsport competitions, including the FIA World Rally Championship (WRC), ABB FIA Formula E World Championship, and the Lamborghini Super Trofeo. The company actively utilises data and insights gained from these competitions to advance its ultra-high-performance (UHP) tyre technologies.
