Daehan Shipbuilding FY 2025 Annual Report
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Filed: March 23, 2026· period ending December 31, 2025DART

Daehan Shipbuilding 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).

Daehan Shipbuilding FY 2025 Annual Report Analysis

Business Overview

• FY2025 revenue KRW 1.23T entirely from shipbuilding: 87.7% crude oil tankers, 11.6% product carriers, 0% container ships
• Shuttle tanker new orders: 3 ships from Greek owner in Feb 2024, confirming quality and technology

Management Discussion & Analysis

• Revenue KRW 1.23T (+14.2% YoY), operating profit KRW 294.1B (+86%), net income KRW 248.8B (+44%)
• Suezmax tanker segment main profit driver with repeated newbuilds improving cost competitiveness

Risk Factors

• USD net FX exposure KRW 517.2B as of Dec 31, 2025, up from KRW 328.6B in 2024
• USD 3% exchange rate move impacts profit/loss by KRW ±15.5B in 2025, up from KRW ±9.9B in 2024

Daehan Shipbuilding FY 2025 Key Financial Metrics
DART

Revenue

KRW 1.23T

▲ +14.2% YoY

Net Income

KRW 248.8B

▲ +44.1% YoY

Gross Margin

26.2%

▲ +945bp YoY

Operating Margin

23.9%

▲ +925bp YoY

Net Margin

20.3%

▲ +420bp YoY

ROE

22.8%

▼ -1530bp YoY

Total Assets

KRW 1.54T

▲ +14.0% YoY

EPS (Diluted)

KRW 7,314

▲ +24.6% YoY

Operating Cash Flow

KRW 162.0B

▲ +2.3% YoY

CapEx

KRW 8.8B

▲ +56.6% YoY

Source: KIFRS consolidated financial data from Daehan Shipbuilding 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