Company achieved higher sales volumes and a greater share of premium products, driven by improved utilization rates at its European plant

SEOUL, South Korea, April 30, 2025 – NEXEN TIRE, a leading global tire manufacturer, has released its Q1 2025 financial results. The company recorded revenues of KRW 771.2 billion and an operating profit of KRW 40.7 billion. This reflects a 13.7% year-on-year increase in revenue, setting a new record for the company's highest-ever quarterly performance and exceeding market forecasts.

NEXEN TIRE's strong performance in the first quarter of 2025 was driven by increasing sales volume due to expanded capacity and premium products, such as 18-inch and larger tires. Earnings were boosted by additional volume from phase 2 of the Czech plant, and the company also expanded its original equipment (OE) tire supply to major automakers, allowing it to thrive despite industry uncertainties.