Hyundai Glovis (086280)
Hyundai Glovis (086280) is the Hyundai Motor Group logistics affiliate, running integrated supply-chain management, car-carrier and bulk shipping, and an auto-distribution arm. In the Hyundai robotics value chain it owns the logistics layer, where the group deploys warehouse and intralogistics robots. In Q1 2026 it reported revenue of ₩7.81 trillion, up 8.2%.
| Ticker | 086280 |
|---|---|
| Exchange | KOSPI |
| Sector | Industrials · Logistics & Supply Chain |
| Country | South Korea |
| Wikidata | Q5962598 |
| Last updated | 2026-06-08 |
Next event:Next report · H1 2026 반기보고서 (semi-annual report), estimated · Estimated from Korea's 45-day semi-annual filing deadline; not company-confirmed. Last report: Q1 2026 분기보고서 filed 2026-05-15. (source)
Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-05-15)
Hyundai Glovis posted Q1 2026 consolidated revenue of ₩7.81 trillion, up 8.2% year over year, and operating profit of ₩521.5 billion, up 3.9%, as logistics and car-carrier volumes held firm. Net profit fell 14.4% to ₩341.0 billion, mainly on weaker non-operating and equity-method contributions.
| Revenue | ₩7.81T+8.2%YoY · ₩7,812.7B consolidated |
|---|---|
| Operating profit | ₩521.5B+3.9%YoY · OP margin ~6.7% |
| Net profit | ₩341.0B-14.4%YoY |
Revenue by segment
| Logistics (domestic & international SCM) | ₩3,508.4B · 48.6%of revenue |
|---|---|
| Shipping (PCTC car carriers & bulk) | ₩2,458.0B · 34.0%of revenue |
| Distribution (CKD kits, auto & other trading) | ₩1,257.0B · 17.4%of revenue |
Recent & upcoming events
- · Q1 2026 분기보고서 filed.Consolidated revenue ₩7.81T (+8.2%) and operating profit ₩521.5B (+3.9%); net profit ₩341.0B (-14.4%). The division mix stayed roughly half logistics, a third shipping, and a sixth distribution. (source)
- · Group AI robotics strategy names Glovis as the logistics arm.At CES 2026 Hyundai Motor Group set out its AI robotics strategy, casting Hyundai Glovis as the logistics affiliate for warehouse and intralogistics automation while Mobis builds actuators, Wia the factory mobile robots, and Autoever the smart-factory software. (source)
Consolidated totals are from the DART Q1 2026 분기보고서. Segment values are the company-disclosed Logistics, Shipping, and Distribution division sales from the Hyundai Glovis IR deck, which sum to the consolidated total.
Figures are as of 2026-06-08 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Hyundai Glovis do?
Hyundai Glovis runs three businesses. Logistics is the integrated supply-chain management that moves parts into Hyundai and Kia plants and finished cars back out, the largest division at roughly half of revenue. Shipping operates a fleet of pure car and truck carriers (PCTC) plus bulk vessels, about a third of sales. Distribution handles complete-knock-down (CKD) auto kits shipped to overseas plants and a used-car auction business, the remaining sixth (Hyundai Glovis IR). The three divisions add up to ₩7.81 trillion of Q1 2026 consolidated revenue (DART 분기보고서).
The strategic tilt is toward smart logistics. Glovis has said it wants to lift its non-Hyundai-Motor-Group sales share toward 40% by 2030, up from about 20%, and to build out its smart-logistics solution business. That push is what connects a car-carrier and CKD operator to robotics: as the warehouses and yards it manages get automated, Glovis becomes the operator of the robot fleets, not just the trucks and ships.
Why is Hyundai Glovis part of the Hyundai robotics value chain?
The Hyundai robotics value chain is the set of Hyundai Motor Group companies that together build and run robots, from the Atlas humanoid down to the parts, software, and logistics. Glovis sits at the logistics end. It co-financed the group’s 2021 acquisition of Boston Dynamics, and it owns the flow of material that factory and warehouse robots are meant to move.
That is the practical home for intralogistics automation. The autonomous mobile robots (AMRs), automated guided vehicles (AGVs), and robotic palletizers that carry parts and finished goods all run inside Glovis-managed supply chains. At CES 2026 Hyundai Motor Group set out an AI robotics strategy and cast Glovis as the logistics affiliate, alongside Hyundai Mobis on actuators, Hyundai Wia on factory mobile and parking robots, and Hyundai Autoever on smart-factory software.
Hyundai Wia’s autonomous mobile robots “already run across the entire process at the Georgia metaplant,” the kind of factory-floor automation that feeds into the logistics flow Glovis manages.
— Hyundai Motor Group, CES 2026 AI robotics strategy
What did Hyundai Glovis report most recently?
In Q1 2026 (the quarter ended March 31, 2026), Glovis posted consolidated revenue of ₩7.81 trillion, up 8.2% year over year, and operating profit of ₩521.5 billion, up 3.9%, for an operating margin near 6.7% (DART 분기보고서). Net profit fell 14.4% to ₩341.0 billion, mainly because non-operating and equity-method contributions were weaker than a year earlier, so the operating line tells a steadier story than the bottom line. Logistics and car-carrier volumes held up, with finished-vehicle inland transport and import-export logistics both growing.
For the full year 2025, Glovis reported revenue of ₩29.57 trillion, up 4.1%, operating profit of ₩2.07 trillion, up 18.3%, and net profit of ₩1.74 trillion, up 57.8% (DART 사업보고서), a year in which margins improved as port congestion eased and the company leaned less on costly short-term charters.
What are the risks for Hyundai Glovis?
- Captive-customer concentration. A large share of revenue still comes from Hyundai Motor Group. The 40%-by-2030 non-affiliate target is meant to dilute that, but the dependence is real today.
- Shipping cyclicality. The car-carrier and bulk fleet earns on freight rates and charter costs that swing with global trade, port congestion, and fuel.
- Robotics is upside, not yet earnings. Logistics automation is a structural story; today the robots are a tool that lowers cost, not a revenue line, so the robotics thesis is a multi-year option rather than current profit.
- Trade and tariff exposure. As a logistics and CKD operator tied to auto exports, Glovis is sensitive to tariffs, export rules, and shifts in where Hyundai builds cars.
Related securities, concepts & terms
- Hyundai Motor Robotics Value Chainparent
- Robotics & Physical AIparent
- SL (005850)sibling
- Hyundai Motor Company (005380)related
Related indices & ETFs
- Akros Hyundai Motor Robotics Value Chain TOP3 Plus Index · AkrosAkros index framing the Hyundai-affiliated robotics value chain that includes the group's logistics arm. No ETF tracks it yet.
Frequently asked questions about Hyundai Glovis
What does Hyundai Glovis do?
Hyundai Glovis is the logistics affiliate of Hyundai Motor Group. It runs three divisions: Logistics, the integrated supply-chain management that moves parts and finished vehicles; Shipping, a fleet of pure car and truck carriers (PCTC) plus bulk vessels; and Distribution, which handles complete-knock-down (CKD) auto kits and used-car auctions. In Q1 2026 it reported consolidated revenue of ₩7.81 trillion (DART 분기보고서). It is also the value chain's logistics-automation arm, the place where the group deploys warehouse robots and AMR/AGV fleets.
Why is Hyundai Glovis part of the Hyundai robotics value chain?
Glovis co-financed Hyundai Motor Group's 2021 acquisition of Boston Dynamics and now owns the logistics layer of the group's robotics push. As Hyundai automates its plants and warehouses, the autonomous mobile robots (AMRs), automated guided vehicles (AGVs), and robotic palletizers that move material run through Glovis-managed supply chains. At CES 2026 the group named Glovis the logistics affiliate inside its AI robotics strategy (Hyundai newsroom).
What was Hyundai Glovis's latest quarterly revenue?
Hyundai Glovis reported Q1 2026 consolidated revenue of ₩7.81 trillion (the quarter ended March 31, 2026), up 8.2% year over year, with operating profit of ₩521.5 billion, up 3.9%, and net profit of ₩341.0 billion, down 14.4% as non-operating and equity-method contributions weakened (DART 분기보고서).
When does Hyundai Glovis next report earnings?
Korean issuers do not pre-announce earnings dates. Hyundai Glovis's next regulatory filing is the H1 2026 반기보고서 (semi-annual report), due around August 14, 2026 under Korea's 45-day semi-annual deadline. That date is estimated, not company-confirmed. Glovis last filed its Q1 2026 분기보고서 on May 15, 2026 (DART).
Sources & references
- 현대글로비스 분기보고서 (2026.03) · Q1 2026 quarterly report · Hyundai Glovis / DART (FSS), 2026-05-15
- 현대글로비스 사업보고서 (2025.12) · FY2025 annual report · Hyundai Glovis / DART (FSS), 2026-03-18
- Hyundai Glovis Business Results (IR presentation, division performance) · Hyundai Glovis (Investor Relations), 2025-07-22
- Hyundai Motor Group Announces AI Robotics Strategy to Lead Human-Centered Robotics Era at CES 2026 · Hyundai Motor Group, 2026-01-05