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Hanwha Systems Reports Growth in Q1 Earnings - Sales of KRW 690.1 Billion, Operating Profit of KRW 58.2 Billion

NSP NEWS, By Geul-sam Kwon and Bok-hyun Lee, 2025-04-29 16:49 ENX7
#Hanhwa Systems #Q1 Performance #Sales #Operating Profit #Defense Exports

(Seoul=NSP NEWS) = Hanwha Systems (272210) reported consolidated financial results for the first quarter of 2025, marking sales of approximately KRW 690.1 billion, an operating profit of KRW 58.2 billion, and a net profit of KRW 41.0 billion.

Sales rose by around KRW 145.9 billion (26.8%), and operating profit increased by KRW 12.7 billion (27.9%) year-on-year. However, net profit declined by KRW 9.3 billion, or 18.5%.

The company’s stable growth was driven by large-scale export and production projects such as the export of K2 Fire Control Systems to Poland, export of the Cheongung-II Multi-Function Radar (MFR) to the UAE and Saudi Arabia, and the second mass production of next-generation military radios, the Tactical Multiband Multirole Radio (TMMR).

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