HS Hyosung recorded strong performance in the second quarter of 2026.

According to HS Hyosung on the 30th, the company achieved provisional Q2 earnings of KRW 430.9 billion in revenue and KRW 35.8 billion in operating profit on a consolidated basis under Korean International Financial Reporting Standards (K-IFRS).

Revenue for the quarter increased by 24.9% year-on-year and 17.4% quarter-on-quarter, while operating profit surged 301.7% year-on-year and 185.1% quarter-on-quarter.

During the same period, profit from continuing operations before income tax expense reached KRW 32.8 billion, up 566.4% year-on-year and 293.5% quarter-on-quarter. Net income stood at KRW 27.1 billion, increasing 360.6% year-on-year and 266.9% quarter-on-quarter. Net income attributable to owners of the parent company was recorded at KRW 26.9 billion, up 377.2% year-on-year and 245.3% quarter-on-quarter.

The company also showed strong results on a cumulative basis for the first half of the year. Revenue reached KRW 797.9 billion and operating profit amounted to KRW 48.3 billion. Cumulative revenue rose 11.6% year-on-year, while cumulative operating profit increased by 130.2%. Cumulative profit from continuing operations before income tax expense was tallied at KRW 41.1 billion (up 188.4% year-on-year), cumulative net income at KRW 34.5 billion (up 528.7% year-on-year), and cumulative net income attributable to owners of the parent company at KRW 34.6 billion (up 566.7% year-on-year).

HS Hyosung stated that these figures are provisional earnings that may be subject to change due to the reflection of equity-method gains and losses when the financial results of related entities are finalized. The company explained that, as the data has not yet undergone review by an external auditor, certain details may be adjusted during the accounting review process. Additionally, the company noted that the year-on-year figures for the same period last year reflected profit and loss from discontinued operations arising from the transfer of business of a subsidiary.