Nexen Achieves 'Solid' Third Quarter Sales
Nexen Tire says it achieved "solid sales and improved quarter-on-quarter profitability" during the third quarter of 2025.
The Seoul, South Korea-based companed posted sales of $539.9 million and operating income of $32.1 million during the quarter.
"This growth was primarily supported by steady sales performances in the European and Korean markets," according to Nexen officials.
"In Europe, Nexen 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."
The company also reports that it enhanced "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 and internal combustion engine 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 "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."
The company also is growing 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."
R&D updates
Nexen "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," say Nexen officials.
Additionally, Nexen received approval for its near-term science-based emissions reduction targets from the Science Based Targets initiative (SBTi), a global carbon neutrality alliance, this past September, "confirming that its commitments align with globally recognized scientific standards."
CEO remarks
“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,” says John Bosco (Hyeon Suk) Kim, Nexen's CEO.
“We will continue to pursue sustainable growth through product portfolio diversification and the optimization of global production operations.”