Hyundai Rotem FY 2025 Annual ReportBeta
Hyundai Rotem annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 19, 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).
Hyundai Rotem FY 2025 Annual Report Analysis
Business Overview
- • Hyundai Rotem FY2025 revenue KRW 5.84T, up 33% YoY; Defense segment KRW 3.22T (55%), Rail KRW 2.09T (36%), EcoPlant KRW 534.1B (9%)
- • Defense export revenue KRW 2.33T in FY2025, up 46% YoY from KRW 1.59T; Poland EC2 contract (~KRW 8.5T) signed Aug 2025 — largest single defense export ever
Management Discussion & Analysis
- • Revenue KRW 5.839T (+33% YoY); OP KRW 1.0056T (+120% YoY, OPM 17.2%); net income KRW 770.5B
- • Defense Solution segment revenue KRW 3.2153T (+35.9% YoY), Rail Solution KRW 2.0896T (+39.7% YoY) — driven by K2 tank overseas export volume increase and productivity improvement
Risk Factors
- • USD 5% move → ±KRW 172.7B pre-tax impact; net USD asset exposure KRW 3.51T vs KRW 57.0B liability — dominant FX risk
- • Debt-to-equity ratio surged to 206.39% from 163.07% YoY; total liabilities up from KRW 3.28T to KRW 6.28T
Hyundai Rotem FY 2025 Key Financial MetricsDART
Total Assets
KRW 9.32T
▲ +76.3% YoY
Operating Cash Flow
KRW 904.3B
▲ +534.8% YoY
CapEx
KRW 129.2B
▲ +59.6% YoY
Source: KIFRS consolidated financial data from Hyundai Rotem 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