Hanwha Systems (272210) Q3 2025 earnings summary

Executive summary

• Revenue grew 26% year-over-year in 3Q 2025, driven by the consolidation of Philly Shipyard and strong defense segment performance.

• Operating profit declined 63% year-over-year due to increased expenses, particularly from Philly Shipyard.

• Net profit surged 1,774% year-over-year, reflecting significant non-operating gains.

• Defense segment benefited from satellite business and mass production contracts, while ICT saw revenue and profit declines.

Financial highlights

• 3Q 2025 revenue: KRW 807.7bn (+26% YoY, +5% QoQ).

• Operating profit: KRW 22.5bn (-63% YoY, -33% QoQ).

• Net profit: KRW 151.8bn (+1,774% YoY, +223% QoQ).

• Operating margin: 2.8% (down 6.6pp YoY).

• Net profit margin: 18.8% (up 17.5pp YoY).

Outlook and guidance

• Dividend policy for 2025–2027 targets a minimum payout of KRW 350 per share to ensure stability.

• Plans to enhance shareholder value through systematic dividend policy and periodic announcements.