BHI FY 2025 Annual Report
Beta

Filed: March 20, 2026· period ending December 31, 2025DART

BHI annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 20, 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).

BHI FY 2025 Annual Report Analysis

Business Overview

  • Power generation equipment revenue KRW 774.1B in FY2025, with HRSG segment at KRW 605.9B (78.3% share)
  • Export sales surged to KRW 557.1B in FY2025 from KRW 172.6B in prior year, driven by HRSG exports KRW 479.1B

Management Discussion & Analysis

  • Revenue KRW 774.1B (+91.3% YoY); Operating profit KRW 75.5B (+244.3%); Net income KRW 65.2B (+232.9%)
  • Boiler and HRSG segments drove order growth, with order intake increasing KRW 28.6B to KRW 177.0B; reason: "boiler and HRSG order increase"

Risk Factors

  • KRW 11.54B pre-tax profit impact from 10% FX rate change on foreign currency monetary assets and liabilities at FY2025 year-end
  • KRW 627.14B USD and KRW 28.57B EUR forward contracts outstanding to hedge FX risk, with 31 total forward contracts at FY2025 year-end

BHI FY 2025 Key Financial Metrics
DART

Total Assets

KRW 830.8B

+58.3% YoY

Operating Cash Flow

KRW 112.3B

+181.0% YoY

CapEx

KRW 15.6B

+249.8% YoY

Source: KIFRS consolidated financial data from BHI 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