Hanjin Kal FY 2025 Annual ReportBeta
Hanjin Kal 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).
Hanjin Kal FY 2025 Annual Report Analysis
Business Overview
- • Korean Air (대한항공) FY2025 standalone revenue KRW 16.5T, up 2.4% YoY; operating profit KRW 1.54T, down KRW 364.1B YoY — record passenger revenue offset by cargo softness
- • Korean Air international passenger market share rose to 17.7% in 2025 from 17.0% in 2024; international cargo share fell to 24.2% from 25.4%
Management Discussion & Analysis
- • Hanjin KAL (한진칼) FY2025 consolidated revenue KRW 298.4B (+2.1% YoY); operating loss KRW 7.5B (vs. OP KRW 49.2B prior year, -115.3%); net income KRW 159.2B (-68.9% YoY)
- • Korean Air (대한항공) FY2025 revenue KRW 25.23T (+41.2% YoY) driven by Asiana Airlines subsidiary consolidation; OP KRW 1.11T (-47.2%), with fuel costs up 35% to KRW 6.74T and labor costs up 46% to KRW 5.29T
Risk Factors
- • Korean Air (대한항공) net FX liability ~USD 5.5B; KRW 10 move → ±KRW 55B P&L impact, plus ±KRW 16B cash flow impact
- • Korean Air fuel exposure ~30.5M barrels/year; USD 1/barrel price move → ±USD 30.5M earnings impact; hedged up to 50% via Zero Cost Collar
Hanjin Kal FY 2025 Key Financial MetricsDART
Total Assets
KRW 4.14T
▼ -1.6% YoY
Operating Cash Flow
KRW 122.2B
▲ +90.8% YoY
CapEx
KRW 1.6B
▼ -27.4% YoY
Source: KIFRS consolidated financial data from Hanjin Kal 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