* Translated by AI

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KGM Achieves Sixth Consecutive Quarter of Profit as 'Mussu Series' Domestic Sales Drive Total Volume

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*This content was translated by AI.

KGM Mussu / Photo provided by KGM
KGM Mussu / Photo provided by KGM

KG Mobility (KGM) recorded revenue of 1.1365 trillion won and an operating profit of 21.7 billion won in the first quarter of 2026, achieving its sixth consecutive quarter of profit. On a separate financial statement basis, net income for the period was 37.6 billion won, with total sales volume reaching 27,077 units.

Revenue has exceeded 1 trillion won for four consecutive quarters since the second quarter of last year, while operating profit has remained in the 20 billion won range for two consecutive quarters. This performance was led by the newly launched Mussu, which was released in January. The Mussu sold 4,370 units during the first quarter, capturing more than 50% of the domestic pickup market share. Total domestic sales of the Mussu series, including the Mussu EV (2,153 units), reached 6,523 units, accounting for over 50% of total domestic volume and driving a 40.1% year-on-year increase in domestic sales.

The Mussu EV won the Grand Prize in the Product Design category at the 'Red Dot Design Award 2026'. Total sales performance for the first quarter was 11,469 units domestically and 15,608 units for export, representing a 4.1% increase compared to the same period last year.

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*This content was translated by AI.

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