Hanwha Solutions Corporation (KRX:009830)

Hanwha Solutions Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	12,379,496	12,115,767	13,078,536	13,045,757	10,706,527	9,195,008
Other Revenue	1,221,106	278,256	-0	84,996	18,665	-
Revenue	13,600,603	12,394,024	13,078,536	13,130,753	10,725,192	9,195,008
Revenue Growth (YoY)	16.87%	-5.23%	-0.40%	22.43%	16.64%	-2.77%
Cost of Revenue	11,747,098	11,024,602	10,925,371	10,740,910	8,539,137	7,279,175
Gross Profit	1,853,505	1,369,422	2,153,165	2,389,843	2,186,055	1,915,833
Selling, General & Admin	1,446,283	1,418,556	1,300,676	1,206,074	1,162,872	1,064,624
Research & Development	87,357	91,634	127,141	141,120	94,334	104,360
Other Operating Expenses	18,101	16,043	22,570	23,861	44,785	30,728
Operating Expenses	1,695,426	1,670,600	1,572,614	1,467,433	1,448,723	1,343,122
Operating Income	158,079	-301,178	580,551	922,410	737,333	572,712
Interest Expense	-548,420	-548,420	-411,414	-200,942	-147,548	-205,281
Interest & Investment Income	106,784	106,784	90,644	29,067	20,302	25,466
Earnings From Equity Investments	-185,125	-423,995	80,177	-116,054	206,442	139,032
Currency Exchange Gain (Loss)	-76,076	-76,076	12,783	-52,557	-88,212	31,744
Other Non Operating Income (Expenses)	-197,086	21,994	-66,971	46,036	70,476	-75,973
EBT Excluding Unusual Items	-741,844	-1,220,891	285,770	627,960	798,794	487,700
Gain (Loss) on Sale of Investments	-	-	560	1,569	1,901	58.3
Gain (Loss) on Sale of Assets	-10,500	-10,500	4,179	-14,595	213,123	26,020
Asset Writedown	-193,482	-193,482	-162,180	-65,848	-158,480	-62,235
Pretax Income	-945,825	-1,424,872	128,328	549,085	855,338	451,543
Income Tax Expense	-191,260	-315,645	46,583	202,277	239,010	111,969
Earnings From Continuing Operations	-754,565	-1,109,227	81,746	346,809	616,328	339,574
Earnings From Discontinued Operations	-45,328	-259,753	-169,968	19,215	-	-37,852
Net Income to Company	-799,893	-1,368,980	-88,223	366,023	616,328	301,722
Minority Interest in Earnings	-24,820	-35,419	-52,816	-6,877	2,722	7,354
Net Income	-824,713	-1,404,399	-141,039	359,146	619,051	309,077
Preferred Dividends & Other Adjustments	-10,228	-10,228	-	-	-	-
Net Income to Common	-814,486	-1,394,172	-141,039	359,146	619,051	309,077
Net Income Growth	-	-	-	-41.98%	100.29%	-
Shares Outstanding (Basic)	174	173	176	172	168	145
Shares Outstanding (Diluted)	174	173	176	172	168	145
Shares Change (YoY)	0.19%	-1.55%	2.23%	2.81%	15.77%	-1.16%
EPS (Basic)	-4693.72	-8041.48	-800.88	2084.91	3694.75	2135.63
EPS (Diluted)	-4693.72	-8041.48	-800.88	2084.91	3694.75	2135.63
EPS Growth	-	-	-	-43.57%	73.00%	-
Free Cash Flow	-1,714,550	-2,759,088	-1,872,533	-787,206	166,743	185,752
Free Cash Flow Per Share	-9880.61	-15914.22	-10633.08	-4569.87	995.19	1283.49
Gross Margin	13.63%	11.05%	16.46%	18.20%	20.38%	20.84%
Operating Margin	1.16%	-2.43%	4.44%	7.03%	6.88%	6.23%
Profit Margin	-5.99%	-11.25%	-1.08%	2.73%	5.77%	3.36%
Free Cash Flow Margin	-12.61%	-22.26%	-14.32%	-6.00%	1.55%	2.02%
EBITDA	910,940	414,277	1,256,182	1,597,895	1,386,035	1,168,053
EBITDA Margin	6.70%	3.34%	9.61%	12.17%	12.92%	12.70%
D&A For EBITDA	752,861	715,455	675,631	675,486	648,702	595,341
EBIT	158,079	-301,178	580,551	922,410	737,333	572,712
EBIT Margin	1.16%	-2.43%	4.44%	7.03%	6.88%	6.23%
Effective Tax Rate	-	-	36.30%	36.84%	27.94%	24.80%
Advertising Expenses	-	24,343	28,801	24,596	45,005	40,883

Source: S&P Global Market Intelligence. Standard template. Financial Sources.