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On September 10, 2025, at the International Security Equipment Exhibition (DSEI) in London, England, the large screen at Hanwha’s booth displayed images of combat unmanned surface vessels (USV).
John Keble | Getty Images News | Getty Images
Hanwha Aerospace, South Korea’s largest defense company, reported lower-than-expected fourth-quarter revenue and pre-tax profit on Monday, sending its shares plummeting more than 6% on Tuesday.
Fourth-quarter revenue increased 72.56% year-on-year to 8.33 trillion won, but was lower than LSEG’s forecast of 8.64 trillion won.
Pre-tax profit plunged 72% to 602 billion won, down sharply from expectations of 1.2 trillion won, while the company’s operating profit fell 16% to 753 billion won.
Net profit was a bright spot, beating expectations despite falling 54% to 934 billion won. LSEG expects net profit to be 717.2 billion won.
full year figures
Annual revenue soared 137% year-on-year to 26.61 trillion won, but was slightly lower than the expected 27.01 trillion won.
Pre-tax profit fell slightly to 2.15 trillion won, a year-on-year decrease of 19%, lower than the expected 2.73 trillion won.
Hanwha set a record operating profit for the fourth consecutive year, and its net profit data also exceeded expectations.
Operating profit increased by 75% year-on-year to 3.03 trillion won, and net profit fell by 16% year-on-year to 2.14 trillion won, which was better than the expected 1.65 trillion won.
Share revenue
Hanwha shares are up 18.92% so far this year, following a sharp rise in 2025, with the stock up 193% on top of a 154% gain in 2024.
Hanwha is the 11th-ranked stock on the Kospi Index, with a market capitalization of approximately $42.03 billion.
After the Russo-Ukrainian war, the company’s defense platforms saw growing demand, with orders coming from several European countries.
Since 2022, Hanwha has sold K9 Thunder self-propelled howitzers and Chunmoo multiple rocket systems to Poland, Estonia, Romania and Norway.
