[Edaily Reporter Kim Hyung-wook ] KG Mobility(003620)(KGM) posted an operating profit of 30.5 billion won in the first half of this year, raising the likelihood of an annual profit for the fourth consecutive year. In particular, the company appears to be solidifying its profitable business trend, driven by increased new car sales, including first-half exports that reached their highest level in 12 years.

◇Exports Hit 12-Year High Amid Strong Domestic Demand

KGM announced on the 28th that it recorded 2.3188 trillion won in revenue and 30.5 billion won in operating profit for the first half of this year. Revenue rose 19.3% year-over-year, while operating profit increased by 7.0%. Net income also showed a sharp increase of 396% year-over-year, reaching 55.1 billion won.

This result was driven by increased vehicle sales, centered on new models such as the Musso and the New Torres.

KGM sold 56,759 finished vehicles in the first half of this year, a 6.5% increase from the previous year. Domestic sales, which rose 19.0% year-over-year to 21,806 units, drove the overall sales growth, while exports also increased slightly to 34,953 units compared to last year, marking the company’s best half-year performance in 12 years—since the first half of 2014. During the same period, exports of semi-knocked-down (CKD) kits assembled locally also rose by 27.8% year-over-year to 1,367 units, contributing to the improved performance.

To strengthen domestic sales, KGM has been operating the “KGM Total Care Package” program since the launch of the New Torres in May of this year, designed to reduce customers’ purchasing and maintenance burdens. The company is also enhancing customer service by opening “3S KOREA CO., LTD” dealerships that provide both vehicle sales and maintenance services.

Furthermore, following a conference for local dealers in the German market—where the company has a European sales subsidiary—held in February, KGM has been targeting major global markets by leveraging new vehicle launches. This includes test drive events for the German-market Actyon Hybrid and Musso EV in April, the launch and test drive events for the Musso in Türkiye, and launch and test drive events for the Musso in Chile and Germany in June.

◇Profitability-Focused Sales Strategy Proves Effective…Revenue Also on the Rise

As a result, KGM has increased its chances of posting an annual operating profit for the fourth consecutive year.

KGM faced a major management crisis after posting operating losses for six consecutive years from 2017 to 2022, but has remained in the black ever since turning a profit of 5 billion won in 2023. The scale of its operating profit has continued to expand, reaching 12.3 billion won in 2024 and 53.6 billion won in 2025. In the first half of this year, the company continued its year-over-year growth in operating profit, signaling a positive outlook for four consecutive years of profitability.

Revenue has also shown a steady annual increase, rising from 3.78 trillion won in 2024 to 4.24 trillion won last year.

In particular, sales performance has been trending upward recently, with the company selling 11,982 units last month—a 29.8% increase year-over-year—marking its highest monthly sales figure since March 2023.

Along with the growth in global sales—driven primarily by new vehicles—the productivity improvements, cost reductions, and profitability-focused sales strategies pursued since KGM’s integration into the KG Group in 2023 are seen as solidifying the foundation for profitable operations. KIWOOM Securities recently projected KGM’s consolidated annual operating profit for this year to reach 43.4 billion won, a 20.0% increase from the previous year.

KGM plans to maintain its new vehicle sales momentum in the second half of the year by expanding customer touchpoints in key markets, including the domestic market.

A KGM official stated, “We are solidifying the foundation for sustainable growth, driven by increased sales volume in both the domestic and export markets,” adding, “While maintaining the upward trend in exports, we will also spare no effort in responding to the domestic market to further expand profitability alongside increased sales volume.”