Nexen reports sales growth

Nexen has announced its preliminary financial results for 2025, with revenues of 3.19 trillion won (2.2 billion dollars) and operating profit of 170.3 billion won (120 million dollars). In 2019, Nexen's sales exceeded 2 trillion won, and last year they grew to over 3 trillion won for the first time, "reflecting the company's continued growth despite market uncertainties".

The main reason for the increase in sales was the expansion of the plant in the Czech Republic, which allowed Nexen to maintain growth rates despite negative factors such as new US import duties. The company is also continuing to improve its position in the original equipment sector, supplying tires to both conventional and electric vehicles from over 30 manufacturers, and the production of products adapted to the needs of motorists in different regions of the world helps to increase sales in the aftermarket.

Nexen notes that the new US import duties had only a negligible impact on the company's profitability, and although the uncertain situation in global trade affected demand, the consequences were mitigated by diversifying sales channels and increasing sales of large-diameter tires.

Last year, Nexen introduced the EV Root label, which will be used for tires designed for use on both traditional and electric vehicles, and new trade structures were also opened abroad. At the end of 2025, the Nexen N'Fera Sport tire took second place in the competition for the best tire innovations at the SEMA exhibition in Las Vegas.

"Despite growing uncertainties in global trade, we were able to achieve an important result, and our annual sales volume exceeded 3 trillion won for the first time," said John Bosco (Hyun Suk) Kim, CEO of Nexen. "In the future, we will continue to strive for both sales growth and product quality improvement to strengthen our competitiveness in the global market".