HD Hyundai Energy Solutions FY 2025 Annual Report
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Filed: March 13, 2026· period ending December 31, 2025DART

HD Hyundai Energy Solutions annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 13, 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).

HD Hyundai Energy Solutions FY 2025 Annual Report Analysis

Business Overview

• Solar module sales 75.9% of total revenue KRW 374.2B in FY2025, with inverter sales KRW 85.2B and domestic/export ratio 61%/39%
• Achieved domestic solar module market share 26.6% and inverter market share 55.9% in 2025, up from 26.4% and 55.4% in 2024

Management Discussion & Analysis

• Revenue KRW 492.7B (+16.6% YoY), Operating profit KRW 41.2B (+1076.9% YoY), Net income KRW 41.7B (+36385.4% YoY)
• Profit improvement mainly driven by high-output TOPCon module and inverter sales expansion and overseas market profit enhancement

Risk Factors

• Foreign exchange risk on USD, EUR, CNY sales and purchases exposing company to currency fluctuations
• Financial liabilities KRW 1.67T in short- and long-term debt, increased from KRW 1.3T prior year

HD Hyundai Energy Solutions FY 2025 Key Financial Metrics
DART

Total Assets

KRW 530.4B

▲ +16.9% YoY

Operating Cash Flow

KRW 17.7B

▼ -78.8% YoY

CapEx

KRW 12.3B

▲ +5.4% YoY

Source: KIFRS consolidated financial data from HD Hyundai Energy Solutions 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