GMB Korea announced on the 10th that it has signed a supply contract worth 230,487,380,000 won for auto parts for hybrid vehicles with Hyundai Transys.

According to the regulatory filing, the contract amount is 230,487,388,103 won (excluding value-added tax), equivalent to 29.3% of the company's recent annual revenue of 787,271,620,000 won based on the consolidated financial statements at the end of 2025.

The contracting party is Hyundai Transys, and the supply regions are Hyundai Transys' domestic and overseas plants. The contract period runs from September 1, 2028 to December 31, 2034, and the contract was signed on November 9, 2026.

The items to be delivered under this contract are two types in total: electric oil pumps and input shaft support assemblies. Of these, the electric oil pumps will be produced at GMB Alabama, GMB Korea's U.S.-based subsidiary, and delivered to Hyundai Transys' Georgia plant. Accordingly, the amount related to the electric oil pumps will be reflected as revenue of the U.S. subsidiary and also included in GMB Korea's consolidated financial statements.

Payment terms call for 100% payment after the completion of delivery each month, with no down payment or advance payment.

GMB Korea explained that this contract is an individual order under a master supply agreement, and the contract amount and period were calculated based on Hyundai Transys' plans. The disclosed contract amount is an estimate calculated by applying the supply unit price to the expected supply volume, and the contract amount and period may change depending on future developments.