Hankook Tire & Technology FY 2025 Annual Report
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Filed: March 18, 2026· period ending December 31, 2025DART

Hankook Tire & Technology 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).

Hankook Tire & Technology FY 2025 Annual Report Analysis

Business Overview

• Hankook Tire & Technology FY2025 consolidated revenue KRW 21.2T, up sharply from KRW 9.4T prior year — primarily reflecting consolidation of Hanon Systems
• Hanon Systems (한온시스템) acquired and consolidated as subsidiary Jan 3, 2025; stake raised from 36.68% to 51.07%, adding ~46 new subsidiaries to consolidation scope

Management Discussion & Analysis

• Consolidated revenue KRW 21.2T (+125.3% YoY); OP KRW 1.84T (+4.5% YoY); net income KRW 971.6B (-14.1% YoY) — Hanon Systems consolidation first year
• Tire segment revenue KRW 10.32T (+9.6% YoY); OP KRW 1.68T (-4.4% YoY) — margin fell to 16.3% from 18.7% despite ASP increases and favorable FX

Risk Factors

• Put option derivative liability KRW 15.1B, largest single derivative exposure — comprising KRW 2.5B valuation loss in current period
• Total derivative net liability position KRW 16.4B (liabilities KRW 21.6B vs. assets KRW 5.1B), with valuation losses exceeding gains by KRW 503M

Hankook Tire & Technology FY 2025 Key Financial Metrics
DART

Total Assets

KRW 26.65T

▲ +68.1% YoY

Operating Cash Flow

KRW 1.61T

▼ -14.7% YoY

CapEx

KRW 2.11T

▲ +104.0% YoY

Source: KIFRS consolidated financial data from Hankook Tire & Technology 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