Hanwha Ocean FY 2025 Annual ReportBeta
Hanwha Ocean annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 17, 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).
Hanwha Ocean FY 2025 Annual Report Analysis
Business Overview
- • Business model: shipbuilding (LNG, VLCC, container), offshore structures, defense vessels, petrochemical/plants, wind power, and digital systems; 77.3% revenue from LNG carriers in FY2025
- • Plant business acquired from Hanwha on July 1, 2024; wind power business acquired on December 1, 2024, expanding into EPC for onshore/offshore wind
Management Discussion & Analysis
- • Revenue KRW 12.78T (+18.6% YoY); Operating profit KRW 1.17T (+390.8% YoY); Net income KRW 1.25T (+135.9% YoY) in FY 2025
- • Merchant ship segment revenue up 21.3% to KRW 10.52T; driven by increased deliveries of high-price vessels and rising ship prices
Risk Factors
- • USD 1,434.90 KRW/USD exchange rate as of fiscal year-end 2025
- • Currency forward contracts totaling USD 1,223.85M notional with average agreed rate KRW 1,408.54/USD used for fair value hedge accounting
Hanwha Ocean FY 2025 Key Financial MetricsDART
Revenue
KRW 12.78T
Net Income
KRW 1.25T
Gross Margin
14.4%
Operating Margin
9.1%
Net Margin
9.7%
ROE
20.2%
Total Assets
KRW 20.14T
EPS (Diluted)
KRW 3,409
Operating Cash Flow
KRW 1.31T
CapEx
KRW 709.6B
Source: KIFRS consolidated financial data from Hanwha Ocean 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