443060 - HD Hyundai Marine Solution Co., Ltd.

443060 Summary

Shipbuilding

Stock Price & Overview

₩210,500 +5,000 (+2.43%) Close · Sep 4, 2026 KST

KOSPI | ₩KRW | Close: ₩210,500 ≈ US$150 · Market cap ₩9.4tn (≈ $6.7bn)

443060 Financial Statements

Breakdown ₩ tn	FY2025	FY2024	FY2023	FY2022
Total Revenue	1.98	1.75	1.43	1.33
Cost of Revenue	1.53	1.38	1.16	1.14
Gross Profit	0.45	0.36	0.27	0.20
Selling, General & Administrative	0.10	0.09	0.07	0.05
Operating Income	0.35	0.27	0.20	0.14
Finance Income	0.07	0.07	0.04	0.04
Finance Costs	0.06	0.04	0.04	0.04
Pretax Income	0.35	0.30	0.20	0.14
Income Tax Expense	0.09	0.07	0.05	0.04
Net Income	0.27	0.23	0.15	0.10
Total Comprehensive Income	0.27	0.24	0.15	0.11

Breakdown ₩ tn	FY2025	FY2024	FY2023	FY2022
Total Assets	1.27	1.15	0.66	0.52
Current Assets	1.19	1.08	0.60	0.45
Cash & Cash Equivalents	0.38	0.30	0.10	0.06
Inventories	0.27	0.27	0.24	0.16
Trade Receivables	0.32	0.26	0.21	0.18
Non-current Assets	0.09	0.08	0.06	0.07
Property, Plant & Equipment	0.03	0.02	0.01	0.01
Intangible Assets	0.01	0.00	0.00	0.00
Total Liabilities	0.45	0.38	0.42	0.34
Current Liabilities	0.41	0.34	0.39	0.31
Non-current Liabilities	0.04	0.04	0.03	0.02
Total Equity	0.82	0.77	0.24	0.18
Share Capital	0.02	0.02	0.02	0.02
Retained Earnings	0.38	0.32	0.20	0.14

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022
Cash from Operating Activities	324.1	246.5	72.9	51.5
Cash from Investing Activities	-21.3	-195.9	4.7	-13.4
Purchase of Property, Plant & Equipment	17.2	9.6	2.6	5.6
Cash from Financing Activities	-223.3	149.1	-43.9	-60.6
Dividends Paid	215.2	100.0	90.0	80.0
Net Change in Cash	79.5	202.8	32.2	-22.4

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2
Total Revenue	580.4	574.6	516.2	513.2	467.7	485.6	463.4	461.3	437.9
Cost of Revenue	450.7	453.4	396.5	395.0	358.7	377.6	373.1	355.9	343.8
Gross Profit	129.7	121.2	119.7	118.2	109.0	108.0	90.3	105.3	94.1
Selling, General & Administrative	32.0	27.8	29.1	24.6	26.0	25.0	24.4	21.9	23.1
Operating Income	97.6	93.4	90.5	93.6	83.0	83.0	65.9	83.4	71.0
Finance Income	32.3	48.1	22.3	14.4	16.3	15.8	29.1	9.3	10.7
Finance Costs	19.8	21.6	14.8	2.8	29.7	13.4	8.3	14.7	4.3
Pretax Income	108.9	119.6	97.7	104.9	68.3	83.9	86.3	77.3	76.9
Income Tax Expense	25.9	21.4	24.2	25.2	15.3	20.6	17.9	18.8	20.3
Net Income	83.0	98.1	73.5	79.8	53.0	63.3	68.4	58.5	56.7
Total Comprehensive Income	85.4	105.1	75.3	83.7	44.0	63.1	76.7	53.7	59.5

Breakdown ₩ tn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2
Total Assets	1.39	1.40	1.27	1.17	1.12	1.23	1.15	1.09	1.08
Current Assets	1.29	1.31	1.19	1.09	1.03	1.15	1.08	1.02	1.01
Cash & Cash Equivalents	0.46	0.43	0.38	0.36	0.28	0.46	0.30	0.22	0.32
Inventories	0.29	0.27	0.27	0.26	0.26	0.25	0.27	0.25	0.25
Trade Receivables	0.41	0.39	0.32	0.27	0.25	0.28	0.26	0.23	0.24
Non-current Assets	0.10	0.09	0.09	0.09	0.09	0.08	0.08	0.07	0.07
Property, Plant & Equipment	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.01
Intangible Assets	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Total Liabilities	0.50	0.55	0.45	0.39	0.39	0.52	0.38	0.42	0.45
Current Liabilities	0.44	0.51	0.41	0.35	0.35	0.48	0.34	0.39	0.41
Non-current Liabilities	0.06	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Total Equity	0.89	0.85	0.82	0.78	0.73	0.72	0.77	0.67	0.63
Share Capital	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Retained Earnings	0.43	0.39	0.38	0.34	0.29	0.27	0.32	0.26	0.22

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2
Cash from Operating Activities	68.4	45.3	85.0	83.2	57.8	98.2	37.3	80.9	—
Cash from Investing Activities	82.1	6.6	-36.1	37.3	-83.8	61.2	66.3	-130.6	—
Purchase of Property, Plant & Equipment	2.4	4.1	5.8	2.0	5.6	3.7	2.5	2.6	—
Cash from Financing Activities	-126.0	-2.0	-33.4	-36.2	-151.6	-2.0	-29.5	-47.6	—
Dividends Paid	—	—	31.4	31.4	—	—	0.0	20.0	—
Net Change in Cash	25.8	52.7	16.6	85.5	-180.0	157.3	76.5	-98.7	—

Consolidated (CFS), from DART. 4 fiscal years and 9 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

443060 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	1,982.7	+13.6%	+14.1%	—	—
Operating income	350.1	+28.9%	+35.1%	—	—
Net income	269.6	+18.3%	+37.0%	—	—
EPS	₩6,013	+18.3%	+37.0%	—	—
Operating cash flow	324.1	+31.5%	+84.6%	—	—
Shareholders' equity	824.7	+6.6%	+65.4%	—	—

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

443060 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022
Gross margin	22.9%	20.7%	19.1%	14.7%
Operating margin	17.7%	15.6%	14.1%	10.6%
Net margin	13.6%	13.1%	10.6%	7.9%
Return on equity	33.7%	45.0%	71.6%	57.6%
Return on assets	22.2%	25.2%	25.7%	20.2%
Operating cash flow / revenue	16.3%	14.1%	5.1%	3.9%
Capex / revenue	0.9%	0.6%	0.2%	0.4%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.