NEXEN TIRE Achieves KRW 780.7 Billion in Sales, 10% YoY Growth in Q3 2025

• Sales growth driven by launching region-specific products, expanding the distribution network, and strengthening domestic rental sales
• Improving quarter-on-quarter profitability through cost management of raw materials and other expenses despite tariff pressures

SEOUL, South Korea, November 5, 2025 – NEXEN TIRE, a leading global tire manufacturer, announced today that it recorded sales of KRW 780.7 billion and operating income of KRW 46.5 billion in the third quarter of 2025. Despite the impact of item-specific tariffs in the United States, the company achieved solid sales and improved quarter-on-quarter profitability.

This growth was primarily supported by steady sales performances in the European and Korean markets. In Europe, NEXEN TIRE expanded its original equipment (OE) tire supply for newly launched vehicles, and saw strong sales growth in its new products designed to meet stricter winter tire regulations. In Korea, the company posted its highest-ever quarterly sales, driven by peak summer demand and continued growth in the tire rental segment.

Profitability improved over the previous quarter, bolstered by stable raw material prices and stronger cost controls. Prices for natural and synthetic rubber, as well as the Shanghai Containerized Freight Index (SCFI) remained on a downward trend, contributing to a lower cost of goods sold (COGS) ratio.

NEXEN TIRE also highlighted its efforts to enhance product competitiveness through region-specific strategies tailored to local market demand. In Korea, the company launched the high-performance N’FERA Supreme EV ROOT in August, a tire designed for both electric vehicles (EVs) and internal combustion engine (ICE) vehicles. In Europe and Japan, where seasonal tire use is active, the company introduced the WINGUARD SPORT 3 winter tire to proactively address local customer needs.

In the U.S. NEXEN TIRE strengthened its lineup of high-performance products with the launch the N’FERA SPORT, a high-performance summer tire already verified through OE supply to premium European brands. Meanwhile, in Australia, where large vehicle usage is prevalent, the company introduced SUV-specific product, the ROADIAN ATX.

NEXEN TIRE has also been expanding its international presence by establishing new sales bases. Following the recent setup of new bases in Spain and Poland, the company plans to open additional hubs in Southeastern Europe, Latin America, and the Middle East this year.  These regional bases will serve as strategic footholds to capture growing local demand and reinforce the company’s competitive position in key emerging markets.

Furthermore, NEXEN TIRE continues to advance its sustainability and R&D initiatives. The company has strengthened its R&D capabilities by introducing the High Dynamic Driving Simulator, the first of its kind in Korea’s automotive industry. This improves development efficiency while reducing carbon emissions by minimizing the need for physical prototypes and road testing phases. Additionally, NEXEN TIRE received approval for its near-term science-based emissions reduction targets from the Science Based Targets initiative (SBTi), a global carbon neutrality alliance, in September, confirming that its commitments align with globally recognized scientific standards.

“The solid performance in the third quarter, even after factoring in tariff-related costs, indicates that our strategy for managing external uncertainties is yielding positive results,” said John Bosco (Hyeon Suk) Kim, CEO of NEXEN TIRE. “We will continue to pursue sustainable growth through product portfolio diversification and the optimization of global production operations.”