Deutsche Motors posts first-half operating profit of 23.3 billion won, up 7.8% year-on-year

Deutsche Motors (067990, CEO Kwon Hyuk-min), a comprehensive automotive services company, has announced through its preliminary results disclosure for the first half of 2026 that it has 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, an increase of 7.8% compared to the same period last year (KRW 21.6 billion). Although competition among imported car brands intensified and economic uncertainty grew in the second quarter, exacerbating difficulties across the imported car industry, Deutsche Motors maintained robust profitability thanks to its pre-emptively established multi-brand portfolio and improved performance from its subsidiaries.

In particular, the high growth of BYD (DT Networks), which was pursued 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 sales of KRW 144.9 billion and an operating profit of KRW 4.3 billion in the first half of this year, successfully turning to a profit.

In addition, the company has carried out a business restructuring, ending operations at the end of June of its subsidiary British Auto, which ran the Jaguar Land Rover business that had struggled to secure profitability, as it continues to focus on profit-oriented business reorganisation.

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