Poongsan Corporation FY 2025 Annual Report
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Filed: March 12, 2026· period ending December 31, 2025DART

Poongsan Corporation 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).

Poongsan Corporation FY 2025 Annual Report Analysis

Business Overview

• FY2025 consolidated revenue KRW 5.05T (separate-basis KRW 3.85T), up 9.9% YoY; nonferrous (69%) and defense (31%) segment mix
• Poongsan FNS fuze production surged to 405,244 units in FY2025 vs 81,135 in FY2024 (+400%), driving subsidiary revenue to KRW 95.6B from KRW 40.2B

Management Discussion & Analysis

• Revenue KRW 5.05T (+10.9% YoY); OP KRW 297.4B (-8.1% YoY); net income KRW 147.2B (-37.7% YoY)
• Poongsan FNS (풍산FNS) drove defense segment growth — revenue KRW 95.6B (+137.8% YoY), OP KRW 27.4B (+348.6%), citing domestic defense sales increase

Risk Factors

• Poongsan's LME Cu futures (sell) net loss: KRW 38.3B combined realized + valuation loss at Poongsan parent alone (10,393 M/T position vs. Mitsui counterparty)
• USD/JPY FX exposure managed via currency forwards; Poongsan parent sold USD 112,529K forward with net gain of only KRW 233M — minimal hedge benefit

Poongsan Corporation FY 2025 Key Financial Metrics
DART

Total Assets

KRW 4.33T

▲ +5.7% YoY

Operating Cash Flow

-KRW 168.5B

▼ -522.2% YoY

CapEx

KRW 184.7B

▼ -5.7% YoY

Source: KIFRS consolidated financial data from Poongsan Corporation 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