Hyundai Glovis Reports Record Quarterly Sales and Operating Profit

Hyundai Glovis has announced impressive financial results for the third quarter of 2026, with sales reaching 9.05 trillion won (approximately $6.78 billion) and an operating profit of 566.5 billion won. This marks a 23.1% increase in sales and an 8.1% rise in operating profit compared to the same period last year.

The company attributes its success to the expansion of its high-freight non-affiliate business and improvements in cost efficiency, despite ongoing geopolitical risks affecting the global market. The operating profit margin for the quarter stood at 6.3%, setting a new record for the company.

Shipping was the standout segment, with sales soaring by 37.1% to reach 1.81 trillion won, while operating profit in this area increased by 16.6% to 227.9 billion won. The growth is credited to an aggressive strategy to expand non-affiliate business and optimize fleet operations.

In the logistics segment, sales grew to 2.95 trillion won, with an operating profit of 223.3 billion won, reflecting a 17.9% increase in sales. This growth was driven by increased logistics volume in North America and favorable market conditions for containers.

The retail segment also performed well, with sales of 4.29 trillion won, although operating profit saw a decline due to weakened profitability in the trading business. A Hyundai Glovis official stated, "We will fulfill our role as a trusted global supply chain partner for our customers and continue to generate stable earnings."