Hyosung Heavy Industries FY 2025 Annual Report
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Filed: March 23, 2026· period ending December 31, 2025DART

Hyosung Heavy Industries annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 23, 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).

Hyosung Heavy Industries FY 2025 Annual Report Analysis

Business Overview

  • Hyosung Heavy Industries operates two main segments: heavy industry (69.52% revenue) and construction (29.93%) in FY2025
  • FY2025 R&D expense KRW 53.64B, 0.90% of sales, developing SF6-free GIS, MMC STATCOM, hydrogen refueling stations, and 400kV eco-friendly transformers

Management Discussion & Analysis

  • Revenue KRW 5.9685T (+21.93% YoY), operating profit KRW 747B (+106.07%), net income KRW 503B (+125.56%)
  • Heavy Industry segment revenue KRW 4.1493T (+33.90%), OP KRW 738B (+100.63%) driven by global order increase and margin improvement due to market recovery

Risk Factors

  • 3,686,415 thousand NOK forward contracts at weighted average rate KRW 123.62 per NOK, maturity 2027-05-03, largest FX derivatives notional
  • 1,824 forward FX contracts outstanding to hedge exchange rate risk on foreign receivables as of Dec 2025 year-end

Hyosung Heavy Industries FY 2025 Key Financial Metrics
DART

Revenue

KRW 5.97T

+21.9% YoY

Net Income

KRW 502.8B

+125.6% YoY

Gross Margin

21.0%

+481bp YoY

Operating Margin

12.5%

+511bp YoY

Net Margin

8.4%

+387bp YoY

ROE

21.4%

+970bp YoY

Total Assets

KRW 7.23T

+16.2% YoY

Operating Cash Flow

KRW 493.0B

+19.6% YoY

CapEx

KRW 162.9B

+94.0% YoY

Source: KIFRS consolidated financial data from Hyosung Heavy Industries 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