Humax Mobility Achieves Profitability for Second Consecutive Quarter

Humax Mobility has achieved a significant financial milestone, reporting a positive operating profit for the first half of 2026, extending its profitable streak into a second consecutive quarter. This success is attributed to the enhanced profitability of its parking operation business and the robust growth and improved financial performance of its electric vehicle (EV) charging segment.

The company announced on August 27 that its second-quarter consolidated revenue reached 67.2 billion won. Following a shift to operating profit in the first quarter, the second quarter also yielded a profit, maintaining a positive trend throughout the first half of the year. Cumulatively, the first-half revenue stood at 130.6 billion won, with an operating profit of 1.85 billion won. This marks a substantial improvement from the 8.9 billion won operating loss recorded in the first half of the previous year, representing a 10.7 billion won swing towards profitability.

The core of this performance improvement lies in Humax Mobility's key infrastructure businesses: parking and EV charging. High Parking, the subsidiary managing parking operations, generated 98.6 billion won in revenue and 7.9 billion won in operating profit during the first half. Its operating profit surged by 66% compared to the same period last year, with the operating profit margin increasing from 5% to 8%.

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The strengthening competitiveness of core infrastructure businesses such as parking and EV charging is leading to tangible improvements in profitability.

Humax EV, responsible for the EV charging business, demonstrated both top-line growth and improved profitability. First-half revenue increased by 28% year-on-year to 23 billion won. While the operating loss narrowed, the company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) turned positive, reaching approximately 3 billion won. Humax EV has now recorded positive EBITDA for four consecutive quarters, benefiting from easing initial costs associated with charging infrastructure development and increasing revenues.

Looking ahead, Humax Mobility intends to concentrate on optimizing parking operations and enhancing the profitability of its EV charging services in the second half of the year. The company plans to leverage AI and data analytics to improve operational efficiency and establish a stable profit-generating structure. In the long term, Humax Mobility aims to transform its existing nationwide parking and charging infrastructure into mobility hubs for the era of autonomous vehicles and robo-taxis, anticipating increased demand for integrated services at such hubs.

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We will strengthen our position as a key mobility hub for the era of autonomous driving and robo-taxis by developing the parking and charging infrastructure and operational know-how we have built nationwide, along with data-based technology.