Hanwha Systems Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	3,199,506	2,803,686	2,452,495	2,187,980	2,089,503	1,642,855
Other Revenue	-0	-0	-0	-	-0	-
Revenue	3,199,506	2,803,686	2,452,495	2,187,980	2,089,503	1,642,855
Revenue Growth (YoY)	20.66%	14.32%	12.09%	4.71%	27.19%	6.27%
Cost of Revenue	2,811,375	2,387,894	2,148,350	1,932,560	1,805,882	1,395,325
Gross Profit	388,130	415,793	304,144	255,420	283,622	247,530
Selling, General & Admin	227,850	181,306	162,241	185,336	143,447	127,039
Amortization of Goodwill & Intangibles	1,189	1,112	6,420	12,457	13,915	15,047
Other Operating Expenses	1,998	1,909	1,864	2,322	1,952	1,372
Operating Expenses	235,273	234,596	181,762	216,233	172,302	154,611
Operating Income	152,858	181,197	122,382	39,188	111,319	92,918
Interest Expense	-30,907	-22,339	-13,996	-5,749	-4,196	-6,231
Interest & Investment Income	40,341	14,634	26,620	24,928	8,482	6,363
Earnings From Equity Investments	421,730	328,979	-46,092	-27,145	-10,497	-4,731
Currency Exchange Gain (Loss)	22,362	16,361	1,491	3,928	1,717	-2,062
Other Non Operating Income (Expenses)	-26,795	-1,339	251,322	-9,923	-4,053	-6,615
EBT Excluding Unusual Items	579,588	517,493	341,729	25,227	102,771	79,641
Gain (Loss) on Sale of Investments	170,186	74,869	63,888	5,169	25,725	497.05
Gain (Loss) on Sale of Assets	-19,202	-74.06	56,557	-577.99	-442.36	74.23
Asset Writedown	-35,888	-10,875	-18,315	-71,851	-	-1,137
Pretax Income	694,684	581,413	443,859	-42,033	128,054	79,075
Income Tax Expense	89,706	104,259	57,411	23,741	30,176	-14,505
Earnings From Continuing Operations	604,979	477,154	386,448	-65,774	97,878	93,581
Earnings From Discontinued Operations	-5,328	-31,776	-43,365	-14,986	-	-
Net Income to Company	599,651	445,379	343,083	-80,760	97,878	93,581
Minority Interest in Earnings	-4,437	8,921	6,138	4,204	436.58	-
Net Income	595,213	454,300	349,221	-76,556	98,315	93,581
Net Income to Common	595,213	454,300	349,221	-76,556	98,315	93,581
Net Income Growth	346.84%	30.09%	-	-	5.06%	28.38%
Shares Outstanding (Basic)	188	188	187	187	152	110
Shares Outstanding (Diluted)	188	188	187	187	152	110
Shares Change (YoY)	0.30%	0.17%	0.07%	22.83%	38.36%	6.65%
EPS (Basic)	3170.13	2422.37	1864.09	-408.95	645.31	849.59
EPS (Diluted)	3163.16	2419.67	1864.09	-408.95	645.10	849.59
EPS Growth	345.05%	29.80%	-	-	-24.07%	20.36%
Free Cash Flow	-336,802	-107,182	-48,953	220,288	236,393	129,165
Free Cash Flow Per Share	-1791.73	-571.17	-261.31	1176.74	1551.12	1172.65
Dividend Per Share	350.000	350.000	-	-	-	-
Gross Margin	12.13%	14.83%	12.40%	11.67%	13.57%	15.07%
Operating Margin	4.78%	6.46%	4.99%	1.79%	5.33%	5.66%
Profit Margin	18.60%	16.20%	14.24%	-3.50%	4.71%	5.70%
Free Cash Flow Margin	-10.53%	-3.82%	-2.00%	10.07%	11.31%	7.86%
EBITDA	293,131	295,316	244,267	144,140	207,246	192,613
EBITDA Margin	9.16%	10.53%	9.96%	6.59%	9.92%	11.72%
D&A For EBITDA	140,273	114,119	121,885	104,953	95,927	99,695
EBIT	152,858	181,197	122,382	39,188	111,319	92,918
EBIT Margin	4.78%	6.46%	4.99%	1.79%	5.33%	5.66%
Effective Tax Rate	12.91%	17.93%	12.93%	-	23.57%	-

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