Fact Source: Financial Supervisory Service DART / 2025-12-11
Disclosure Type: Signing of Sales or Supply Contract
💡 3-Second Summary
Hanwha Systems has signed a supply contract with Hyundai Rotem Co., Ltd. for “Poland EC2 K2GF Sights and Other Equipment.” The contract value is approximately KRW 203.1B (zero-rated VAT), representing 7.24% of recent annual revenue.
📊 1. [Key Disclosure Contents & Summary Metrics]
- Contract Title: Supply Contract for Poland EC2 K2GF Sights and Other Equipment (Poland K2 Tank Export Project)
- Contract Category: Other Sales/Supply Contract
- Contract Value: KRW 203,096,607,056 (Approx. KRW 203.1B / Zero-rated VAT)
- Recent Annual Revenue: KRW 2,803,686,058,274 (FY2024 Consolidated Basis)
- Ratio to Revenue: 7.24%
- Counterparty: Hyundai Rotem Co., Ltd.
- Supply Territory: Republic of Korea
- Contract Period: December 11, 2025 – December 31, 2027 (Approx. 2 years)
- Key Contract Terms:
- Down Payment / Advance Payment: Yes
- Payment Terms: Primary contractor payment terms
- Contract Date: December 11, 2025
- Important Notes: Part of the ‘K2 Main Battle Tank Export Project to Poland’; contract value and period are subject to change depending on project execution.
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing is a regulatory sales/supply contract disclosure reporting that Hanwha Systems has secured a new supply agreement with Hyundai Rotem associated with the Poland K2 main battle tank export project.
The document records a total contract value of approximately KRW 203.1B (zero-rated VAT applied), which equals 7.24% of the company’s FY2024 consolidated revenue. The execution period spans approximately two years, running from December 11, 2025, through December 31, 2027. Under standard defense export prime-subcontractor frameworks, disbursements will follow the primary contractor’s payment conditions. Market participants can reference the disclosed contract terms and financial parameters as presented.
📝 Editor’s Comment (by K-STOCK Editor)
A sales and supply contract disclosure records order backlog additions that support future revenue recognition timelines.
For readers, the primary follow-up checkpoint is noting that execution is scheduled through the end of 2027 and tracking potential contract modifications or schedule updates in future regulatory filings as the Poland export delivery timeline progresses.
📢 Disclaimer & Source Notice
Source: This content was structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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