HMM (011200) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 was ₩5,477,429 million, with net income of ₩1,211,050 million and operating income of ₩847,074 million, reflecting a year-over-year decrease in both revenue and profit.

• The company maintained a strong cash position, with cash and cash equivalents at ₩2,794,678 million as of June 30, 2025.

• Major investments included new vessel orders and ongoing fleet expansion, with a focus on eco-friendly ships and digital transformation.

• The company continued to strengthen its global logistics network and alliances, launching the Premier Alliance and expanding long-term shipping contracts.

Financial highlights

• Revenue for H1 2025: ₩5,477,429 million (down from ₩8,400,969 million in H1 2024).

• Operating income: ₩847,074 million (down from ₩3,512,847 million in H1 2024).

• Net income: ₩1,211,050 million (down from ₩3,782,129 million in H1 2024).

• Basic EPS: ₩1,281 (down from ₩4,999 in H1 2024).

• Cash and cash equivalents: ₩2,794,678 million as of June 30, 2025.

Outlook and guidance

• The company expects continued market volatility due to global economic and geopolitical uncertainties, with a focus on maintaining profitability through cost control and strategic fleet deployment.

• Ongoing investments in eco-friendly vessels and digitalization are expected to enhance competitiveness and compliance with tightening environmental regulations.

• The company targets a dividend payout ratio of 30% and a minimum 5% dividend yield by 2030, with over ₩2.5 trillion in shareholder returns planned for 2025–2026.