KG Mobility recorded a sales figure of 31,254 units, revenue of 904.7 billion won, an operating profit of 14.3 billion won, and a net profit of 12.5 billion won in the third quarter.
This performance has been attributed to the expansion of overseas launches of product improvement models, including the Torres and Rexton Sports & Khan, which have significantly enhanced product appeal, leading to three consecutive quarters of profit since Q1 this year.
In the third quarter, total sales amounted to 31,254 units, comprising 12,015 units domestically and 19,239 units for export. While domestic sales saw a slight decline due to reduced consumer spending, exports achieved their highest quarterly sales figure in nine years since Q2 2014 (21,126 units), marking a 59.6% year-on-year increase.
With this surge in exports, the cumulative sales for Q3 rose to 96,399 units, which includes 50,984 domestically and 44,415 for export, marking the highest performance since Q3 2019 (101,363 units) and a 19.8% increase compared to the same period last year.
Thanks to the increase in export volume and strong sales of the Torres, cumulative revenue for Q3 reached 2.9951 trillion won, setting a record for KG Mobility following the first and second quarters.
The financial results for Q3 also reflect the upward trend in sales, showing improvements in cost structure and internal systems, yielding an operating profit of 14.3 billion won and a net profit of 12.5 billion won—marking three consecutive quarters of profit, the first time since Q3 2013.
To maintain this growth trend, KG Mobility actively responded to the market by launching special models like the Torres Van in September, following product improvements in May and June, while also enhancing services to improve customer satisfaction.
Moreover, to further increase export volume, KG Mobility is expanding global product launches, including the introduction of the Torres to the European market and test drive events targeting Africa, the Middle East, and CIS regions. On the 21st, they participated in a Middle Eastern economic delegation to promote entry into emerging markets, strengthening their approach to the global market.
KG Mobility stated, “With the expansion of our product lineup through the launch of the Torres and improved product models, we have recorded three consecutive profitable quarters since Q1. With high market expectations for the recently launched Torres EVX in September, we will focus on aggressive marketing strategies both domestically and internationally to enhance sales while improving our financial structure.”
Lee Sang-jin daedusj@autodiary.kr