Hanon Systems 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	11,014,647	10,883,728	9,998,723	9,521,628	8,627,728	7,351,424
Revenue	11,014,647	10,883,728	9,998,723	9,521,628	8,627,728	7,351,424
Revenue Growth (YoY)	7.87%	8.85%	5.01%	10.36%	17.36%	6.96%
Cost of Revenue	9,906,811	9,873,826	9,186,540	8,612,031	7,780,649	6,502,432
Gross Profit	1,107,836	1,009,902	812,184	909,597	847,079	848,992
Selling, General & Admin	422,950	426,132	447,306	396,106	367,549	315,397
Research & Development	267,091	247,125	215,186	186,093	183,810	170,040
Amortization of Goodwill & Intangibles	21,093	21,247	20,565	18,870	17,732	16,724
Other Operating Expenses	26,417	22,304	5,773	4,690	4,356	6,069
Operating Expenses	761,359	739,531	716,646	626,012	590,489	523,221
Operating Income	346,477	270,372	95,537	283,585	256,590	325,771
Interest Expense	-222,745	-238,851	-264,771	-185,659	-105,582	-85,641
Interest & Investment Income	33,860	34,747	33,403	28,977	12,907	6,546
Earnings From Equity Investments	10,520	10,538	12,823	12,474	8,896	5,417
Currency Exchange Gain (Loss)	95,365	54,429	78,922	63,766	34,091	32,312
Other Non Operating Income (Expenses)	-38,978	-27,615	-137,262	-35,040	-49,145	125,114
EBT Excluding Unusual Items	224,499	103,620	-181,347	168,103	157,757	409,519
Gain (Loss) on Sale of Investments	2,702	1,147	1,141	-1,608	-19,523	26,319
Gain (Loss) on Sale of Assets	-5,025	-4,673	-14,499	5,284	-550.22	-2,910
Asset Writedown	-232,224	-234,945	-134,984	-21,079	-40,516	-78,280
Pretax Income	-10,047	-134,852	-329,690	150,700	97,168	354,649
Income Tax Expense	97,170	62,416	19,591	84,773	70,425	43,924
Earnings From Continuing Operations	-107,217	-197,268	-349,280	65,927	26,743	310,725
Earnings From Discontinued Operations	-	-	-9,315	-7,041	-	-
Net Income to Company	-107,217	-197,268	-358,596	58,887	26,743	310,725
Minority Interest in Earnings	-702.89	-1,278	-4,660	-7,902	-6,305	-2,210
Net Income	-107,920	-198,546	-363,256	50,985	20,438	308,515
Net Income to Common	-107,920	-198,546	-363,256	50,985	20,438	308,515
Net Income Growth	-	-	-	149.46%	-93.38%	179.53%
Shares Outstanding (Basic)	764	680	537	534	534	534
Shares Outstanding (Diluted)	764	680	537	534	534	537
Shares Change (YoY)	32.93%	26.59%	0.59%	-0.01%	-0.54%	0.44%
EPS (Basic)	-141.21	-292.16	-676.66	95.54	38.30	578.10
EPS (Diluted)	-141.21	-292.16	-676.66	95.54	38.00	575.00
EPS Growth	-	-	-	151.41%	-93.39%	178.05%
Free Cash Flow	174,338	-190,546	176,027	36,180	-6,765	248,637
Free Cash Flow Per Share	228.11	-280.39	327.90	67.79	-12.68	463.35
Gross Margin	10.06%	9.28%	8.12%	9.55%	9.82%	11.55%
Operating Margin	3.15%	2.48%	0.95%	2.98%	2.97%	4.43%
Profit Margin	-0.98%	-1.82%	-3.63%	0.53%	0.24%	4.20%
Free Cash Flow Margin	1.58%	-1.75%	1.76%	0.38%	-0.08%	3.38%
EBITDA	1,104,787	1,012,284	746,721	882,000	814,469	834,304
EBITDA Margin	10.03%	9.30%	7.47%	9.26%	9.44%	11.35%
D&A For EBITDA	758,310	741,913	651,184	598,415	557,879	508,532
EBIT	346,477	270,372	95,537	283,585	256,590	325,771
EBIT Margin	3.15%	2.48%	0.95%	2.98%	2.97%	4.43%
Effective Tax Rate	-	-	-	56.25%	72.48%	12.38%

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