Hanwha Systems (272210) Q4 2024 earnings summary

Executive summary

• Achieved year-over-year growth in revenue, operating profit, and net profit for 2024, driven by strong performance in both defense and ICT segments.

• Fourth quarter saw significant increases in defense exports and domestic mass production, as well as improved ICT captive business performance.

Financial highlights

• 2024 consolidated revenue reached ₩2,803.7 billion, up ₩351.2 billion year-over-year.

• Operating profit for 2024 was ₩219.3 billion, an increase of ₩96.7 billion year-over-year.

• Net profit for 2024 was ₩445.2 billion, up ₩102.1 billion year-over-year.

• 4Q24 revenue was ₩933.5 billion, up ₩151.5 billion year-over-year and ₩294.5 billion sequentially.

• 4Q24 net profit margin surged to 38.5% from 2.5% a year earlier.

Outlook and guidance

• Future projections are subject to risks and uncertainties, with actual results potentially differing from current forecasts due to market and internal/external conditions.