Hanon 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	2015 - 2019
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	2015 - 2019
Operating Revenue	10,716,839	9,998,723	9,521,628	8,627,728	7,351,424	6,872,833	Upgrade
Other Revenue	0	-	-	-	-	-	Upgrade
Revenue	10,716,839	9,998,723	9,521,628	8,627,728	7,351,424	6,872,833	Upgrade
Revenue Growth (YoY)	8.04%	5.01%	10.36%	17.36%	6.96%	-3.93%	Upgrade
Cost of Revenue	9,877,636	9,186,540	8,612,031	7,780,649	6,502,432	6,008,400	Upgrade
Gross Profit	839,203	812,184	909,597	847,079	848,992	864,432	Upgrade
Selling, General & Admin	473,935	447,306	396,106	367,549	315,397	320,549	Upgrade
Research & Development	258,366	215,186	186,093	183,810	170,040	175,699	Upgrade
Amortization of Goodwill & Intangibles	21,142	20,565	18,870	17,732	16,724	15,778	Upgrade
Other Operating Expenses	18,650	5,773	4,690	4,356	6,069	4,073	Upgrade
Operating Expenses	796,121	716,646	626,012	590,489	523,221	548,632	Upgrade
Operating Income	43,082	95,537	283,585	256,590	325,771	315,800	Upgrade
Interest Expense	-246,931	-264,771	-185,659	-105,582	-85,641	-89,577	Upgrade
Interest & Investment Income	35,227	33,403	28,977	12,907	6,546	4,701	Upgrade
Earnings From Equity Investments	9,166	12,823	12,474	8,896	5,417	2,972	Upgrade
Currency Exchange Gain (Loss)	137,362	78,922	63,766	34,091	32,312	-28,895	Upgrade
Other Non Operating Income (Expenses)	-96,691	-137,262	-35,040	-49,145	125,114	-25,641	Upgrade
EBT Excluding Unusual Items	-118,785	-181,347	168,103	157,757	409,519	179,362	Upgrade
Gain (Loss) on Sale of Investments	4,793	1,141	-1,608	-19,523	26,319	-	Upgrade
Gain (Loss) on Sale of Assets	-12,551	-14,499	5,284	-550.22	-2,910	-5,207	Upgrade
Asset Writedown	-136,480	-134,984	-21,079	-40,516	-78,280	-34,349	Upgrade
Pretax Income	-263,023	-329,690	150,700	97,168	354,649	139,806	Upgrade
Income Tax Expense	37,777	19,591	84,773	70,425	43,924	26,346	Upgrade
Earnings From Continuing Operations	-300,800	-349,280	65,927	26,743	310,725	113,460	Upgrade
Earnings From Discontinued Operations	309.59	-9,315	-7,041	-	-	-	Upgrade
Net Income to Company	-300,491	-358,596	58,887	26,743	310,725	113,460	Upgrade
Minority Interest in Earnings	-1,036	-4,660	-7,902	-6,305	-2,210	-3,092	Upgrade
Net Income	-301,527	-363,256	50,985	20,438	308,515	110,368	Upgrade
Net Income to Common	-301,527	-363,256	50,985	20,438	308,515	110,368	Upgrade
Net Income Growth	-	-	149.46%	-93.38%	179.53%	-65.35%	Upgrade
Shares Outstanding (Basic)	646	537	534	534	534	534	Upgrade
Shares Outstanding (Diluted)	646	537	534	534	537	534	Upgrade
Shares Change (YoY)	21.21%	0.59%	-0.01%	-0.54%	0.44%	0.02%	Upgrade
EPS (Basic)	-466.41	-676.66	95.54	38.30	578.10	206.80	Upgrade
EPS (Diluted)	-466.41	-676.66	95.54	38.00	575.00	206.80	Upgrade
EPS Growth	-	-	151.41%	-93.39%	178.05%	-65.30%	Upgrade
Free Cash Flow	-160,329	176,027	36,180	-6,765	248,637	393,528	Upgrade
Free Cash Flow Per Share	-248.00	327.90	67.79	-12.68	463.35	736.61	Upgrade
Gross Margin	7.83%	8.12%	9.55%	9.82%	11.55%	12.58%	Upgrade
Operating Margin	0.40%	0.95%	2.98%	2.97%	4.43%	4.59%	Upgrade
Profit Margin	-2.81%	-3.63%	0.53%	0.24%	4.20%	1.61%	Upgrade
Free Cash Flow Margin	-1.50%	1.76%	0.38%	-0.08%	3.38%	5.73%	Upgrade
EBITDA	757,075	746,721	882,000	814,469	834,304	784,043	Upgrade
EBITDA Margin	7.06%	7.47%	9.26%	9.44%	11.35%	11.41%	Upgrade
D&A For EBITDA	713,992	651,184	598,415	557,879	508,532	468,242	Upgrade
EBIT	43,082	95,537	283,585	256,590	325,771	315,800	Upgrade
EBIT Margin	0.40%	0.95%	2.98%	2.97%	4.43%	4.59%	Upgrade
Effective Tax Rate	-	-	56.25%	72.48%	12.38%	18.84%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.