Hanwha Corporation (A000880) investor relations material

Executive summary

• Consolidated sales rose 29% year-over-year to KRW 21,451 billion, with operating profit up 21% to KRW 1,267 billion and net profit at KRW 776 billion, driven by strong subsidiary performance in shipbuilding, petrochemicals, and financial services.

• Separate financials showed a 4% year-over-year revenue decline to KRW 1,058 billion, but operating profit increased 25% to KRW 190 billion.

• The group maintained a robust balance sheet with total assets of KRW 294.8 trillion and equity of KRW 50.8 trillion.

Financial highlights

• Consolidated net profit surged 76% year-over-year to KRW 776 billion.

• Net income (separate) increased to KRW 107 billion from KRW 94 billion year-over-year.

• Gross profit (separate) rose to KRW 265 billion from KRW 236 billion year-over-year.

• Earnings per share (EPS) for ordinary shares was KRW 1,569, up from KRW 881 in Q1 2025.

• Cash and cash equivalents at quarter-end were KRW 13.4 trillion.

Outlook and guidance

• Non-financial subsidiaries expect continued growth, especially in defense, aerospace, shipbuilding, and U.S. solar operations.

• Financial subsidiaries anticipate improved insurance profit and investment returns, with a focus on CSM growth and asset management.

• Cautious outlook for construction and retail due to macroeconomic uncertainties and market volatility.

• Ongoing investments in R&D, digital transformation, and global expansion are expected to support long-term growth.