Deutsche Motors, First-Half Operating Profit of 23.3 Billion KRW, Up 7.8% Year-on-Year

Deutsche Motors (067990, CEO Kwon Hyuk-min), a comprehensive automotive service company, announced through its preliminary earnings disclosure for the first half of 2026 that it continued its solid profit growth despite the overall slowdown in the imported car market.

Deutsche Motors’ consolidated operating profit for the first half of this year stood at KRW 23.3 billion, up 7.8% from KRW 21.6 billion in the same period last year. Although competition among imported car brands intensified in the second quarter and growing economic uncertainty weighed on the entire imported car industry, Deutsche Motors maintained solid profitability thanks to its preemptively established multi-brand portfolio and improved performance from its subsidiaries.

In particular, the high growth of BYD (DT Networks), which was promoted as a new growth engine, effectively offset the slowdown in the internal combustion engine vehicle market. The BYD business, which began in earnest last year, saw its vehicle lineup gradually expand, achieving KRW 144.9 billion in revenue and KRW 4.3 billion in operating profit in the first half of this year, successfully turning to a surplus.

In addition, the company has been continuously focusing on profitability-driven business restructuring by carrying out a portfolio reorganization, ending operations of British Auto, its subsidiary that ran the Jaguar Land Rover business which had struggled to secure profitability, at the end of June.

Kwon Hyuk-min, CEO of Deutsche Motors, stated, “We will complete a stable and sustainable business structure as soon as possible within this year and do our utmost to secure profitability,” adding, “We will continue to pursue policies to enhance shareholder value, including a stable dividend policy, to meet shareholders’ expectations this year as well.”