Source of Facts: Financial Supervisory Service DART / 2026-02-13
Disclosure Type: Change in Revenue or One’s Profit/Loss Structure by 30% or more (15% or more for Large Corporations) (Amendment)
💡 3-Second Summary
Hanwha Ocean has filed an amended disclosure reflecting adjustments made during its external audit period, revising its previously reported FY2025 consolidated revenue upward to KRW 12.7835 trillion and consolidated operating profit to KRW 1.1676 trillion.
📊 1. [Key Disclosure Content & Major Figures Summary]
- Reason for Amendment: Amendment of disclosure following adjustments to financial statements during the external audit period.
- Initial Filing Date: February 4, 2026 (Amendment filing date: February 13, 2026)
- Amended Consolidated Earnings for FY2025 (Current Period) (Unit: KRW):
- Revenue: (Before) 12,688,400,000,000 ➡️ (After) 12,783,500,000,000 (Increase of 18.6% YoY)
- Operating Profit: (Before) 1,109,100,000,000 ➡️ (After) 1,167,600,000,000 (Increase of 390.8% YoY)
- Profit Before Income Tax: (Before) 768,500,000,000 ➡️ (After) 842,400,000,000 (Increase of 365.4% YoY)
- Net Income: (Before) 1,172,700,000,000 ➡️ (After) 1,245,900,000,000 (Increase of 135.9% YoY)
- Amended Consolidated Financial Position for FY2025 (Unit: KRW):
- Total Assets: (Before) 20,030,700,000,000 ➡️ (After) 20,140,900,000,000
- Total Liabilities: (Before) 13,928,900,000,000 ➡️ (After) 13,965,900,000,000
- Total Equity: (Before) 6,101,800,000,000 ➡️ (After) 6,175,000,000,000
- Primary Cause of Changes in Earnings Structure: Increase in revenue and improvement of operating margin driven by the rise in ship construction prices compared to the previous year.
- Additional Disclosures of Parent Company (Unit: KRW):
- Total Equity Attributable to Owners of Parent: 6,170,300,000,000 (Before: 6,097,100,000,000)
- Separate Revenue: 12,903,600,000,000 (Before: 12,808,500,000,000)
- Project Variability Clause: The aforementioned figures represent tentative consolidated results prepared prior to the completion of the external audit and remain subject to subsequent changes during the auditing process.
📈 2. [Expert View: What This Disclosure Means for Investors]
- Upward Adjustment of Performance Metrics During Audit Phase: This filing officially registers the upward revision of the tentative earnings parameters originally reported on February 4, 2026. The updated data formally registers an increase of approximately KRW 95.1 billion in consolidated revenue and KRW 58.5 billion in consolidated operating profit following adjustments made during the ongoing audit period, resulting in a revised YoY operating profit growth rate of 390.8% on the record.
- Expansion of Balance Sheet Parameters: Following the revision, the fiscal 2025 total assets and total equity parameters have been adjusted to KRW 20.1409 trillion and KRW 6.1750 trillion, respectively. Separate revenue was also revised upward from the previously reported KRW 12.8085 trillion to KRW 12.9036 trillion.
- Tentative Nature Pending Final Audit Submission: While the revisions indicate enhanced operating margins from higher construction pricing, these revised metrics remain subject to subsequent changes. The final parameters will be officially confirmed upon the submission of the formal audited financial statements and subsequent general meeting approval.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Ocean’s amended regulatory filing regarding changes in its earnings structure presents the upward revisions established to update its FY2025 consolidated and separate financial performance metrics reviewed during the external audit. According to the document, following the adjustment of accounting entries, the company’s annual consolidated operating profit parameter has been revised to KRW 1.1676 trillion, while total assets have been adjusted to KRW 20.1409 trillion.
The critical variables and primary checkpoints for investors to analyze moving forward are the ‘conformance of the upcoming formal audited financial statements with these revised tentative figures’ and the ‘final confirmation of the balance sheet entries.’ While the adjustments show a significant quantitative improvement from the initially reported figures, the filing explicitly notes in Section 7, Clause 1 that these metrics remain subject to subsequent changes before the final audit is formally closed.
Consequently, investors should avoid drawing definitive analytical conclusions regarding permanent profitability expansions or guaranteed bottom-line stability based solely on the upward revision of these tentative metrics during the audit phase. It remains essential to monitor the situation under the explicit conditions stated in the filing, tracking the final verification of the KRW 12.78 trillion revenue framework as the formal audit reports and subsequent shareholder approvals are officially finalized.
📢 Disclaimer & Source Information
Source: This content was newly structured and written based on the official data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).
Investment Risk Advisory: This information is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
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