Hanwha Aerospace Co., Ltd. (KRX:012450)

Hanwha Aerospace 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	15,275,210	11,240,121	7,889,687	7,060,393	5,541,389	5,321,444
Other Revenue	-0	-0	-0	-	-0	-
Revenue	15,275,210	11,240,121	7,889,687	7,060,393	5,541,389	5,321,444
Revenue Growth (YoY)	109.22%	42.47%	11.75%	27.41%	4.13%	1.09%
Cost of Revenue	11,635,093	8,372,366	6,463,205	5,550,564	4,524,192	4,252,846
Gross Profit	3,640,118	2,867,755	1,426,482	1,509,829	1,017,197	1,068,598
Selling, General & Admin	1,116,666	958,588	652,380	814,052	540,350	561,445
Research & Development	127,800	101,953	99,001	203,762	120,996	159,590
Other Operating Expenses	14,912	11,799	9,458	11,835	8,916	8,181
Operating Expenses	1,497,961	1,268,632	832,480	1,109,032	741,349	825,260
Operating Income	2,142,156	1,599,123	594,002	400,797	275,848	243,337
Interest Expense	-317,422	-242,540	-149,627	-85,069	-62,368	-66,285
Interest & Investment Income	96,611	70,035	81,047	48,021	12,945	14,275
Earnings From Equity Investments	1,241,097	1,239,716	-28,273	-21,028	-28,599	-2,455
Currency Exchange Gain (Loss)	64,577	92,448	4,534	-48,819	-8,700	-5,647
Other Non Operating Income (Expenses)	-151,112	-4,863	600,237	-2,687	65,556	119.8
EBT Excluding Unusual Items	3,075,908	2,753,919	1,101,921	291,216	254,682	183,346
Gain (Loss) on Sale of Investments	-32,222	63,761	43,234	-68,734	37,174	-3,776
Gain (Loss) on Sale of Assets	-18.8	-3,173	893.83	667.54	-17.4	5,408
Asset Writedown	-167,041	-167,104	-15,943	-27,747	-2,474	-13,162
Other Unusual Items	-	-	650.66	-7.18	-	-
Pretax Income	2,876,626	2,647,403	1,130,756	195,395	289,364	171,817
Income Tax Expense	146,084	136,136	232,022	74,732	79,569	7,077
Earnings From Continuing Operations	2,730,542	2,511,267	898,735	120,664	209,795	164,740
Earnings From Discontinued Operations	16,063	28,607	78,184	25,890	91,967	-
Net Income to Company	2,746,606	2,539,873	976,918	146,554	301,762	164,740
Minority Interest in Earnings	-347,993	-240,928	-159,409	48,800	-49,181	-43,313
Net Income	2,398,613	2,298,945	817,510	195,354	252,581	121,426
Net Income to Common	2,398,613	2,298,945	817,510	195,354	252,581	121,426
Net Income Growth	502.86%	181.21%	318.48%	-22.66%	108.01%	-8.15%
Shares Outstanding (Basic)	49	49	46	46	46	46
Shares Outstanding (Diluted)	49	49	46	46	46	46
Shares Change (YoY)	7.61%	7.67%	0.21%	0.08%	-0.35%	-1.71%
EPS (Basic)	48729.37	46715.77	17886.51	4282.99	5541.92	2654.86
EPS (Diluted)	48729.37	46715.77	17886.51	4282.99	5541.92	2654.86
EPS Growth	460.18%	161.18%	317.62%	-22.72%	108.75%	-6.55%
Free Cash Flow	982,328	814,768	936,855	1,327,588	823,903	245,358
Free Cash Flow Per Share	19956.62	16556.51	20497.71	29106.40	18077.37	5364.50
Dividend Per Share	3500.000	3500.000	-	-	-	-
Gross Margin	23.83%	25.51%	18.08%	21.38%	18.36%	20.08%
Operating Margin	14.02%	14.23%	7.53%	5.68%	4.98%	4.57%
Profit Margin	15.70%	20.45%	10.36%	2.77%	4.56%	2.28%
Free Cash Flow Margin	6.43%	7.25%	11.87%	18.80%	14.87%	4.61%
EBITDA	2,563,967	1,930,071	933,100	663,533	513,277	488,976
EBITDA Margin	16.79%	17.17%	11.83%	9.40%	9.26%	9.19%
D&A For EBITDA	421,811	330,948	339,098	262,736	237,429	245,639
EBIT	2,142,156	1,599,123	594,002	400,797	275,848	243,337
EBIT Margin	14.02%	14.23%	7.53%	5.68%	4.98%	4.57%
Effective Tax Rate	5.08%	5.14%	20.52%	38.25%	27.50%	4.12%
Advertising Expenses	-	65,596	60,083	64,946	35,112	43,138

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.