Hanwha Aerospace Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	26,969,704	26,702,901	11,240,121	7,889,687	7,060,393	5,541,389
Other Revenue	-	-	-	-0	-	-0
Revenue	26,969,704	26,702,901	11,240,121	7,889,687	7,060,393	5,541,389
Revenue Growth	76.56%	137.57%	42.47%	11.75%	27.41%	4.13%
Cost of Revenue	21,338,278	21,268,256	8,372,366	6,463,205	5,550,564	4,524,192
Gross Profit	5,631,426	5,434,645	2,867,755	1,426,482	1,509,829	1,017,197
Selling, General & Admin	1,703,384	1,658,189	958,588	652,380	814,052	540,350
Research & Development	332,662	295,425	101,953	99,001	203,762	120,996
Amortization of Goodwill & Intangibles	315,187	310,616	27,982	36,650	43,093	38,064
Other Operating Expenses	32,543	32,767	11,799	9,458	11,835	8,916
Operating Expenses	2,438,702	2,350,823	1,268,825	832,480	1,109,032	741,349
Operating Income	3,192,724	3,083,822	1,598,930	594,002	400,797	275,848
Interest Expense	-507,278	-489,673	-242,540	-149,627	-85,069	-62,368
Interest & Investment Income	234,393	223,014	70,035	81,047	48,021	12,945
Earnings From Equity Investments	-105,282	-75,103	1,239,716	-28,273	-21,028	-28,599
Currency Exchange Gain (Loss)	239,198	-65,784	92,448	4,534	-48,819	-8,700
Other Non Operating Income (Expenses)	-433,893	-460,439	-4,670	600,237	-2,687	65,556
EBT Excluding Unusual Items	2,619,861	2,215,838	2,753,919	1,101,921	291,216	254,682
Gain (Loss) on Sale of Investments	-89,062	-17,871	63,761	43,234	-68,734	37,174
Gain (Loss) on Sale of Assets	9,636	15,785	-3,173	893.83	667.54	-17.4
Asset Writedown	-4,058	-3,879	-167,104	-15,943	-27,747	-2,474
Other Unusual Items	-1,795	-	-	650.66	-7.18	-
Pretax Income	2,534,583	2,209,873	2,647,403	1,130,756	195,395	289,364
Income Tax Expense	-10,770	7,890	136,136	232,022	74,732	79,569
Earnings From Continuing Operations	2,545,353	2,201,983	2,511,267	898,735	120,664	209,795
Earnings From Discontinued Operations	-	-	28,607	78,184	25,890	91,967
Net Income to Company	2,545,353	2,201,983	2,539,873	976,918	146,554	301,762
Minority Interest in Earnings	-939,193	-797,021	-240,928	-159,409	48,800	-49,181
Net Income	1,606,161	1,404,962	2,298,945	817,510	195,354	252,581
Net Income to Common	1,606,161	1,404,962	2,298,945	817,510	195,354	252,581
Net Income Growth	-32.27%	-38.89%	181.21%	318.48%	-22.66%	108.01%
Shares Outstanding (Basic)	51	49	49	46	46	46
Shares Outstanding (Diluted)	51	49	49	46	46	46
Shares Change	3.26%	0.07%	7.67%	0.21%	0.08%	-0.35%
EPS (Basic)	31601.42	28530.13	46715.77	17886.51	4282.99	5541.92
EPS (Diluted)	31600.70	28530.00	46715.77	17886.51	4282.99	5541.92
EPS Growth	-34.41%	-38.93%	161.18%	317.62%	-22.72%	108.75%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	728,898	2,339,301	814,768	936,855	1,327,588	823,903
Free Cash Flow Per Share	14341.17	47503.46	16556.51	20497.71	29106.40	18077.37
Dividend Per Share	7000.000	7000.000	-	-	-	-
Dividend Growth	-	-	-	-	-	-
Gross Margin	20.88%	20.35%	25.51%	18.08%	21.38%	18.36%
Operating Margin	11.84%	11.55%	14.22%	7.53%	5.68%	4.98%
Profit Margin	5.96%	5.26%	20.45%	10.36%	2.77%	4.56%
Free Cash Flow Margin	2.70%	8.76%	7.25%	11.87%	18.80%	14.87%
EBITDA	4,095,425	3,956,564	1,929,878	933,100	663,533	513,277
EBITDA Margin	15.19%	14.82%	17.17%	11.83%	9.40%	9.26%
D&A For EBITDA	902,701	872,742	330,948	339,098	262,736	237,429
EBIT	3,192,724	3,083,822	1,598,930	594,002	400,797	275,848
EBIT Margin	11.84%	11.55%	14.22%	7.53%	5.68%	4.98%
Effective Tax Rate	-	0.36%	5.14%	20.52%	38.25%	27.50%
Advertising Expenses	-	141,197	65,596	60,083	64,946	35,112