Hanjin Kal (A180640) Q4 2025 earnings summary

Executive summary

• Consolidated revenue for Q4 2025 rose 12.9% year-over-year to 797 billion KRW, with operating income up 57.0% to 124 billion KRW and net income at 496 billion KRW, a 29.2% decrease from the prior year.

• Standalone revenue increased 45.3% year-over-year to 186 billion KRW, with operating income flat at 56 billion KRW and net income surging to 113 billion KRW.

Financial highlights

• Consolidated operating margin improved to 15.6% in Q4 2025, up 4.4 percentage points year-over-year.

• EBITDA for Q4 2025 reached 164 billion KRW, up 21.5% year-over-year.

• Cash and cash equivalents at year-end were 1,109 billion KRW, down 73.4% from the previous year.

• Total assets decreased 1.6% year-over-year to 41,406 billion KRW, while total liabilities fell 19.9% to 7,165 billion KRW.

Outlook and guidance

• Management notes that future performance is subject to significant uncertainties and may differ materially from current forecasts due to changes in the business environment.