Source Fact: Financial Supervisory Service DART / 2025-01-24
Disclosure Type: Earnings Release ( thereinafter Preliminary Figures based on Consolidated Financial Statements )
💡 3-Second Summary
Hanwha Ocean has preliminarily disclosed that it recorded consolidated revenue of KRW 3.25 trillion and an operating profit of KRW 169.0 billion for Q4 2024. Consequently, the cumulative annual operating profit for 2024 reached KRW 237.9 billion, marking a successful turnaround to profit.
📊 1. [Summary of Key Disclosure Content and Major Figures]
- Reporting Scope: Q4 2024 financial results and cumulative annual results for FY2024 (Preliminary consolidated metrics, rounded to the nearest KRW 100 million)
- Accounting Standards: Korean International Financial Reporting Standards (K-IFRS)
- Q4 2024 Major Financial Metrics & Growth Rates:
- Revenue: KRW 3,253,200,000,000 (KRW 3,253.2B) [Up 20.4% QoQ / Up 45.8% YoY]
- Operating Profit: KRW 169,000,000,000 (KRW 169.0B) [Up 560.2% QoQ / Turned to profit YoY compared to -KRW 48.8B]
- Income Before Income Taxes: KRW 222,100,000,000 (KRW 222.1B) [Turned to profit QoQ / Up 89,239.5% YoY]
- Net Income: KRW 576,300,000,000 (KRW 576.3B) [Turned to profit QoQ / Up 101.5% YoY]
- Net Income Attributable to Controlling Interest: KRW 576,400,000,000 (KRW 576.4B) [Turned to profit QoQ / Up 101.5% YoY]
- Cumulative Annual Metrics for FY2024 & Growth Rates:
- Revenue: KRW 10,776,000,000,000 (KRW 10,776.0B) [Up 45.5% compared to the prior year’s KRW 7,408.3B]
- Operating Profit: KRW 237,900,000,000 (KRW 237.9B) [Turned to profit compared to the prior year’s -KRW 196.5B]
- Income Before Income Taxes: KRW 177,900,000,000 (KRW 177.9B) [Turned to profit compared to the prior year’s -KRW 116.3B]
- Net Income: KRW 525,100,000,000 (KRW 525.1B) [Up 228.2% compared to the prior year’s KRW 160.0B]
- Net Income Attributable to Controlling Interest: KRW 525,000,000,000 (KRW 525.0B) [Up 228.3% compared to the prior year’s KRW 159.9B]
- Disclosure Delivery: Information provided sequentially by the Finance Division (IR Team) to institutional/retail investors and the media following the public disclosure filing
📈 2. [Expert View: What This Disclosure Means for Investors]
This disclosure represents an official regulatory requirement providing preliminary quarterly accounting data prior to the finalization of the external audit for the convenience of investors. According to the quantitative figures provided, the revenue for Q4 2024 achieved growth compared to both the preceding quarter and the prior year’s identical period, while the quarterly operating profit finalized at KRW 169.0B, establishing an expansion of 560.2% QoQ and a factual turnaround from the previous year’s quarterly loss.
On a cumulative annual basis, the total revenue reached KRW 10,776.0B, increasing 45.5% year-on-year, and the annual operating profit shifted to KRW 237.9B, establishing a clear turnaround from the preceding year’s annual loss of KRW 196.5B. According to the notes within the document, these preliminary statements are subject to potential modification during the formal external audit procedure. The official disclosure does not state how these preliminary financial outcomes will impact detailed subsequent stock price trends or specific operating metrics by division. Therefore, uncertain future outcomes cannot be concluded as facts, and investors should interpret this disclosure focusing strictly on the confirmed quantitative shifts in the preliminary metrics and the conditional nature of the audited statement.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Ocean’s recent disclosure establishes the presentation of preliminary accounting results for Q4 2024 and the full fiscal year. The explicit recording of a quarterly revenue of KRW 3.25T and a cumulative annual operating profit of KRW 237.9B has been officially submitted as part of the public information framework.
The primary variable and checkpoint that investors need to keep in mind moving forward are potential adjustments to the disclosed figures during the finalization of the external audit. As noted in the text, these preliminary numbers are subject to change during the accounting audit process before the final statements are formally certified. Since specific internal or external drivers of the earnings changes or prospective financial guidance for FY2025 are not specified in the original text, over-optimism derived from external assumptions should be avoided, and investors should rely strictly on the certified data from subsequent formal filings and the verified parameters in the official IR Presentation.
📢 Disclaimer & Source Information
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service electronic disclosure system (DART).
Investment Risk Notice: This information is provided solely for informational and linguistic reference purposes. 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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