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HD Hyundai Construction Equipment Announces Second Quarter Results ▶ Sales reached 967.7 billion won, marking a 13% increase year on year, with an operating profit of 40 billion won. ▶ Sales growth driven by increased demand in emerging markets and China; advanced markets also showing signs of recovery ▶ “We will expand sales through region-specific customized portfolios.” HD Hyundai Construction Equipment announced on Thursday, July 24, that it recorded sales of 967.7 billion won and an operating profit of 40 billion won for the second quarter of 2025. Sales increased by 13.4% year-on-year, driven by growth in emerging markets due to demand for resource and infrastructure development, as well as the recovery of the Chinese market. However, operating profit decreased by 31.6% due to one-time costs of 21.3 billion won related to the restructuring of operations in China announced in April. By region, there were notable growth trends in emerging markets, recovery in China, and robust demand in India. Advanced markets also showed signs of recovery, particularly in several European countries, including the UK and Italy, indicating a potential global market rebound. In emerging markets such as Africa, the Middle East, and Indonesia, sales increased by 32% year-on-year, driven by growing demand for mining and infrastructure development. China recorded a remarkable 77% increase in sales year-on-year, thanks to domestic demand stimulus policies and increased exports resulting from higher overseas orders.  India maintained steady demand due to ongoing infrastructure investment, with sales remaining on par with last year. In Brazil, sales experienced a decline due to external factors such as interest rate hikes; however, sales are expected to rebound in the second half of the year with the launch of new HX excavators and the expansion of purchase support programs.  In advanced markets, sales increased by 23% in North America and by 5% in Europe compared to the previous quarter, indicating signs of recovery alongside stabilizing demand trends. HD Hyundai Construction Equipment aims to boost sales in advanced markets during the second half of the year. The company plans to strengthen its sales channels and improve its product mix by expanding sales of articulated dump trucks (ADTs) and launching new models of skid steer loaders and compact track loaders. An official from HD Hyundai Construction Equipment stated, “As the construction machinery market is expected to recover after reaching its lowest point this year, we will expand sales through region-specific customized portfolios. We will also continue to strengthen our position in emerging markets and secure profitability by leveraging our global production bases.” ■ HD Hyundai Construction Equipment 2025 Q2 Results (Unit: KRW 100M) 2025-07-30

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