Logotype for Hanwha Solutions Corporation

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.
Logotype for Hanwha Solutions Corporation
Q3 2025 earnings summary5 Nov, 2025

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.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Hanwha Solutions earnings date

Logotype for Hanwha Solutions Corporation
Q4 20254 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Hanwha Solutions earnings date

Logotype for Hanwha Solutions Corporation
Q4 20254 Feb, 2026

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.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Hanwha Solutions Corporation is a diversified company engaged in renewable energy, chemicals, and advanced materials. The company operates through multiple business segments, including solar energy under Qcells, petrochemicals, and high-performance materials for industries such as construction, automotive, and electronics. The company is headquartered in Seoul, South Korea, and its shares are listed on the KRX.

Quartr provides global coverage of all investor relation material from public companies.

  • 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.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage