Hyosung FY 2025 Annual ReportBeta
Hyosung annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 12, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
Hyosung FY 2025 Annual Report Analysis
Business Overview
- • Hyosung Heavy Industries (효성중공업) FY2025 power equipment revenue KRW 4.15T, up 34% YoY; utilization rate 104.15%, exceeding capacity
- • FMK (㈜에프엠케이) newly spun off Sep 30, 2025 as Ferrari/Maserati dealer; first-year post-split revenue KRW 48.7B
Management Discussion & Analysis
- • Hyosung (㈜효성) FY2025 consolidated revenue KRW 2.43T (+7.0% YoY); OP KRW 393.0B (+77.7% YoY); net income KRW 422.1B (-12.8% YoY, base effect from 2024 spin-off disposal gain)
- • IT/ATM segment (Hyosung TNS) OP surged +149.5% to KRW 149.7B — driven by expanded ATM sales volume into the US market
Risk Factors
- • Hyosung Heavy Industries (효성중공업) forward sell position: NOK 3,686,415 thousand (≈KRW 3.69T notional) — largest single FX derivative exposure across the group
- • Hyosung Chemical (효성화학) PRS contract on Hyosung Vina Chemicals stock: USD 264,482 thousand (≈KRW 264.5B notional), maturing 2028-06-25 — new contract signed 2025-06-19
Hyosung FY 2025 Key Financial MetricsDART
Revenue
KRW 2.43T
▲ +7.0% YoY
Gross Margin
27.8%
▲ +493bp YoY
Operating Margin
16.2%
▲ +643bp YoY
Total Assets
KRW 5.39T
▲ +24.1% YoY
Operating Cash Flow
KRW 421.1B
▼ -9.4% YoY
CapEx
KRW 158.9B
▲ +222.6% YoY
Source: KIFRS consolidated financial data from Hyosung annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding