Hanon Systems FY 2025 Annual Report
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Filed: March 18, 2026· period ending December 31, 2025DART

Hanon Systems annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 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).

Hanon Systems FY 2025 Annual Report Analysis

Business Overview

• Automotive thermal management systems revenue KRW 10.88T in FY2025, up 8.9% YoY; main customers Hyundai Motor (21.4%), Hyundai Mobis (19.3%), Ford (12.5%)
• Ranked 39th in global top 100 auto parts suppliers by Automotive News for 2024 with USD 7.33B revenue, improving 2 ranks from 2023

Management Discussion & Analysis

• Revenue KRW 10.88T (+8.9% YoY), Operating profit KRW 270B (+183%), Net loss KRW -197B (-45%)
• Segment driver: volume increase and favorable exchange rates; operating profit rise due to cost reduction and customer price preservation efforts

Risk Factors

• KRW 985.5B variable interest rate financial debt exposed to interest rate risk as of FY2025, up from KRW 799.7B previous year
• KRW 1.31T principal and KRW 2.24T contractual cash outflows due within 1 year across borrowings as of FY2025, down from KRW 1.93T prior year

Hanon Systems FY 2025 Key Financial Metrics
DART

Revenue

KRW 10.88T

▲ +8.9% YoY

Net Income

-KRW 197.3B

▲ +45.0% YoY

Gross Margin

9.3%

▲ +116bp YoY

Operating Margin

2.5%

▲ +153bp YoY

Net Margin

-1.8%

▲ +177bp YoY

ROE

-5.2%

▲ +733bp YoY

Total Assets

KRW 10.49T

▼ -1.2% YoY

Operating Cash Flow

KRW 112.3B

▼ -80.3% YoY

CapEx

KRW 293.1B

▼ -24.0% YoY

Source: KIFRS consolidated financial data from Hanon Systems 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