{"id":465131,"date":"2026-02-10T04:51:08","date_gmt":"2026-02-10T04:51:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/465131\/"},"modified":"2026-02-10T04:51:08","modified_gmt":"2026-02-10T04:51:08","slug":"south-koreas-largest-defense-firm-hanwha-aerospace-slumps-6","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/465131\/","title":{"rendered":"South Korea’s largest defense firm Hanwha Aerospace slumps 6%"},"content":{"rendered":"

A large screen displays images of Combat Unmanned Surface Vessels (USV) at the Hanwha exhibition stand during the Security Equipment International (DSEI) at London Excel on Sept.10, 2025 in London, England. <\/p>\n

John Keeble | Getty Images News | Getty Images<\/p>\n

Shares of South Korea’s largest defense firm Hanwha Aerospace plunged more than 6% Tuesday, after the company reported worse than expected numbers for its fourth quarter revenue and pre-tax profit on Monday. <\/p>\n

Revenue in the fourth quarter rose 72.56% year on year to 8.33 trillion South Korean won, but missed LSEG estimates of 8.64 trillion won. <\/p>\n

Pre-tax profit plunged 72% to 602 billion won, a massive miss compared to expectations of 1.2 trillion won, while the company’s operating profit dipped 16% to 753 billion won. <\/p>\n

Net profit was a bright spot, coming in above expectations despite a 54% decline at 934 billion won. LSEG estimates had pegged net profit at 717.20 billion won. <\/p>\n

Full year numbers <\/p>\n

Annual revenue skyrocketed 137% year on year to hit 26.61 trillion South Korean won, but marginally missed estimates of 27.01 trillion won. <\/p>\n

Pre-tax profit fell slightly to 2.15 trillion won, down 19% from the same period a year ago and missing expectations of 2.73 trillion.<\/p>\n

Hanwha had logged its fourth consecutive year of record operating profits, while net profit numbers beat expectations. <\/p>\n

Operating profit rose 75% year on year to 3.03 trillion won, while net profit declined 16% year on year to 2.14 trillion won, beating expectations of 1.65 trillion won. <\/p>\n

Share gains<\/p>\n

On an year-to-date basis, Hanwha shares have climbed 18.92%, following a blistering rally in 2025 which saw shares climb 193%, on top of a 154% jump in 2024. <\/p>\n

Hanwha is the 11th largest stock on the Kospi, with a market cap of about $42.03 billion.<\/p>\n

The company has seen demand for its defense platforms grow after the Russia-Ukraine War, with orders from multiple European countries. <\/p>\n

Since 2022, Hanwha has sold its K9 Thunder self propelled howitzer to Poland, Estonia, Romania and Norway, as well as its Chunmoo multiple launch rocket systems. <\/p>\n","protected":false},"excerpt":{"rendered":"A large screen displays images of Combat Unmanned Surface Vessels (USV) at the Hanwha exhibition stand during the…\n","protected":false},"author":2,"featured_media":465132,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[30122,4989,45,161,49,48,10499],"class_list":["post-465131","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-aerospace-and-defense-industry","tag-asia-economy","tag-business","tag-business-news","tag-ca","tag-canada","tag-defense"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/465131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=465131"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/465131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/465132"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=465131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=465131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=465131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}