Hyundai Rotem Q3 2026: operating profit falls 11% to ₩247.1 billion, new orders down 74% as overseas deals slip

Hyundai Rotem reported preliminary third-quarter 2026 consolidated revenue of 1.6207 trillion won, up 0.1 percent year on year, and operating profit of 247.1 billion won, down 11.0 percent and below the 276 billion won consensus. Net profit fell 10.3 percent to 178 billion won. Defense and aerospace operating profit dropped 10.5 percent to 236 billion won while the rail division earned 5.9 billion won. Cumulative new orders through September were 3.8 trillion won, down 74.2 percent from a year earlier, and the order backlog slipped 2.1 percent from end-2025 to 29.14 trillion won as the Peru, Romania and Iraq K2 programs remain unsigned. Shares fell about 10 percent on October 19 as the results landed alongside the Hyundai Wia defense-unit acquisition.