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Hanon Systems (A018880) investor relations material
Hanon Systems Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 8.9% year-over-year in FY2025, driven by higher sales volume, tariff recovery, and favorable FX impact.
Operating profit margin improved to 2.5% for FY2025, supported by disciplined cost management despite changes in R&D capitalization.
4Q25 revenue was KRW 2,702.5B, nearly flat year-over-year, with sustained recovery momentum from Q3.
Financial highlights
FY2025 revenue: KRW 10,883.7B, up 8.9% from FY2024.
FY2025 EBITDA: KRW 1,012.3B, up 35.6% year-over-year; margin increased to 9.3%.
FY2025 operating profit: KRW 271.8B, up 184.5% year-over-year; margin at 2.5%.
4Q25 EBITDA margin: 10.6%, up 0.2 percentage points sequentially.
4Q25 operating profit: KRW 91.2B, margin 3.4%.
Outlook and guidance
2026 revenue guidance: KRW 11,000B, targeting 4%+ operating profit margin.
EBITDA expected to reach KRW 1,200B in 2026.
Free cash flow projected to turn positive in 2026 as EBITDA exceeds expenditures.
Anticipated XEV revenue growth in 2026, especially from European customers and HEV sales.
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