Hanwha Systems (272210) Q1 2025 earnings summary

Executive summary

• Revenue increased 27% year-over-year to KRW 690.1 billion, driven by higher export volumes in defense.

• Operating profit rose 28% year-over-year to KRW 58.2 billion, reflecting improved profitability from defense exports.

• Net profit declined 18% year-over-year to KRW 41.0 billion, with a significant sequential drop from the previous quarter.

Financial highlights

• Operating profit margin improved to 8.4% from 8.3% year-over-year and 3.1% in the previous quarter.

• Net profit margin decreased to 5.9% from 9.2% year-over-year and 38.5% in the previous quarter.

• EBIT fell 43% year-over-year and 92% sequentially.

Outlook and guidance

• Future projections are subject to risks and uncertainties, including market conditions and internal/external factors.