Kia reports an operating profit of $8.85 billion for 2024.
Kia achieved record-breaking performance in 2024 with its highest-ever annual global sales of 3.1 million units, a 0.1% increase year-over-year, and revenue of KRW 107.45 trillion, up 7.7%. Operating profit reached KRW 12.67 trillion with an 11.8% profit margin, driven by strong sales of high-value vehicles and favorable exchange rates. In Q4, sales rose 5% to 769,985 units, revenue grew 11.6% to KRW 27.15 trillion, and operating profit reached KRW 2.72 trillion. Electrified vehicle sales increased by 10.9% for the year to 638,000 units. For 2025, Kia targets 3.22 million global sales, KRW 112.5 trillion revenue, and an 11% profit margin, with plans to expand its EV lineup, launch new models, and enhance shareholder returns through dividends and stock buybacks.
Kia reports an operating profit of $8.85 billion for 2024.
