Seoul: HL Mando Co., a South Korean auto parts manufacturer, on Thursday reported its 2025 net profit of 122.8 billion won (US$83.7 million), down 22.4 percent from a year earlier.

According to Yonhap News Agency, the company revealed in a regulatory filing that it recorded 357.1 billion won in operating profit for the year, compared with 358.8 billion from the previous year. Despite the decline in net profit, HL Mando's annual revenue increased by 6.9 percent, reaching 9.45 trillion won.

The performance report reflects challenges in maintaining profit margins despite rising revenues. The slight decrease in operating profit highlights the company's efforts to sustain operations amidst fluctuating market conditions.