Hanwha Engine Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,371,057	1,202,205	764,243	598,999	829,995
Other Revenue	-	-0	-	-	-
Revenue	1,371,057	1,202,205	764,243	598,999	829,995
Revenue Growth (YoY)	14.04%	57.31%	27.59%	-27.83%	23.09%
Cost of Revenue	1,185,592	1,085,864	762,036	609,340	776,731
Gross Profit	185,465	116,340	2,207	-10,341	53,263
Selling, General & Admin	47,293	38,511	26,574	24,815	27,796
Research & Development	5,164	3,770	2,899	2,617	3,508
Amortization of Goodwill & Intangibles	691.48	525.17	820.78	737.64	732.45
Operating Expenses	55,399	44,809	31,741	29,437	33,214
Operating Income	130,066	71,532	-29,534	-39,778	20,050
Interest Expense	-3,300	-7,728	-9,602	-8,268	-14,188
Interest & Investment Income	10,162	4,112	1,099	274.68	434.31
Earnings From Equity Investments	111.83	80.78	-1,349	10.28	-79.47
Currency Exchange Gain (Loss)	-5,911	17,308	1,701	6,299	-5,634
Other Non Operating Income (Expenses)	-11,452	-8,055	-3,353	-1,010	8,253
EBT Excluding Unusual Items	119,678	77,249	-41,039	-42,473	8,836
Gain (Loss) on Sale of Investments	-	-	-	2,357	7.92
Gain (Loss) on Sale of Assets	1,088	104.78	0.55	-315.75	-63.72
Asset Writedown	-	-	2,369	-9,982	-
Other Unusual Items	-	-	-	-	-55.28
Pretax Income	120,766	77,354	-38,669	-50,414	8,725
Income Tax Expense	-52,987	-1,805	1,604	-10,676	2,677
Net Income	173,753	79,160	-40,272	-39,738	6,048
Net Income to Common	173,753	79,160	-40,272	-39,738	6,048
Net Income Growth	119.50%	-	-	-	-
Shares Outstanding (Basic)	84	82	62	51	40
Shares Outstanding (Diluted)	84	82	62	51	40
Shares Change (YoY)	2.65%	31.42%	21.85%	29.14%	-
EPS (Basic)	2070.67	968.36	-647.46	-778.49	153.01
EPS (Diluted)	2070.67	968.00	-647.46	-778.49	153.01
EPS Growth	113.91%	-	-	-	-
Free Cash Flow	297,029	39,372	-30,154	-54,910	80,944
Free Cash Flow Per Share	3539.77	481.64	-484.78	-1075.72	2047.78
Gross Margin	13.53%	9.68%	0.29%	-1.73%	6.42%
Operating Margin	9.49%	5.95%	-3.86%	-6.64%	2.42%
Profit Margin	12.67%	6.59%	-5.27%	-6.63%	0.73%
Free Cash Flow Margin	21.66%	3.28%	-3.95%	-9.17%	9.75%
EBITDA	148,262	86,855	-13,516	-22,087	38,279
EBITDA Margin	10.81%	7.22%	-1.77%	-3.69%	4.61%
D&A For EBITDA	18,196	15,324	16,019	17,691	18,229
EBIT	130,066	71,532	-29,534	-39,778	20,050
EBIT Margin	9.49%	5.95%	-3.86%	-6.64%	2.42%
Effective Tax Rate	-	-	-	-	30.68%
Advertising Expenses	892.3	428.69	27.23	22.07	22.84

Updated Aug 11, 2023. Source: S&P Global Market Intelligence. Standard template. Financial Sources.