)
Hanwha Solutions (009830) investor relations material
Hanwha Solutions Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue rose 7.9% quarter-over-quarter to ₩3.3644 trillion (33,644 billion KRW), driven by renewable energy asset sales and EPC growth.
Operating profit turned negative at -₩7.4 billion (-74 billion KRW) due to weaker renewable energy margins and U.S. plant underutilization.
Net profit was ₩4.5 billion (45 billion KRW), with total assets up ₩2.2264 trillion year-to-date to ₩32.2633 trillion.
U.S. plant underutilization and fixed cost burden impacted renewable energy segment profitability.
Financial highlights
EBITDA for Q3 2025 was ₩1.866 trillion, down 36.1% sequentially but up 88.5% year-over-year.
Operating margin dropped to -0.2% from 3.3% in Q2 2025.
Net debt increased to ₩12.5372 trillion (125,372 billion KRW), with a net debt-to-equity ratio of 112%.
Total debt increased ₩1.6796 trillion to ₩21.1096 trillion.
Cash and equivalents fell ₩427.5 billion year-to-date to ₩1.8836 trillion.
Outlook and guidance
Q4 renewable energy operating profit expected to turn negative due to ongoing U.S. customs delays and lower sales.
2025 AMPC guidance cut from ₩700 billion to high ₩400 billion range; sales volume guidance lowered from 7.5GW to 6GW.
Cartersville cell plant mass production delayed to 2026 due to equipment and utility issues.
U.S. and Europe renewable energy markets expected to grow, but supply additions and policy risks limit upside.
Chemical segment faces continued weak demand and oversupply, with only gradual improvement expected.
Next Hanwha Solutions earnings date
Next Hanwha Solutions earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)