Hanjin Kal (A180640) Q4 2024 earnings summary

Executive summary

• Consolidated operating revenue for Q4 2024 was 706 billion KRW, nearly flat year-over-year, with operating profit up 27.4% to 79 billion KRW and net profit up 174.9% to 701 billion KRW.

• Full-year consolidated operating revenue rose 6.0% to 2,922 billion KRW, with operating profit up 15.0% and net profit up 31.9% year-over-year.

Financial highlights

• Q4 2024 consolidated operating margin improved to 11.2%, up 2.4 percentage points year-over-year.

• EBITDA for Q4 2024 was 135 billion KRW, up 6.3% year-over-year.

• Cash and cash equivalents at year-end surged to 4,169 billion KRW, up 847.5% from the previous year.

• Debt ratio decreased to 27.0% at year-end, down 5.6 percentage points year-over-year.

Outlook and guidance

• Management notes that future performance is subject to market and strategic changes, with forecasts inherently uncertain.