Hanwha Aerospace has provisionally recorded consolidated operating profit of KRW 452.0 billion for the third quarter of this year, a 46.2% decrease from the same period last year.

Both Q3 Revenue and Operating Profit Decline

According to a regulatory filing on the 29th, Hanwha Aerospace's Q3 2026 consolidated revenue came to KRW 6.0943 trillion, down 6.0% from KRW 6.4865 trillion in the same period a year earlier. Compared with the previous quarter's revenue of KRW 9.2929 trillion, this represents a 34.4% decline.

Operating profit stood at KRW 452.0 billion, down 46.2% from KRW 839.6 billion in the same period last year and down 66.9% from the previous quarter's operating profit of KRW 1.3655 trillion.

Swing to Loss Before Corporate Tax and to Net Loss

Loss from continuing operations before corporate tax expense was KRW 189.6 billion, turning to a deficit from a profit of KRW 795.2 billion in the same period last year. The previous quarter had recorded a profit of KRW 1.2467 trillion.

Net loss for the period was KRW 36.7 billion, reversing from a net profit of KRW 699.0 billion a year earlier. Net profit in the previous quarter was KRW 1.0805 trillion.

Net loss attributable to owners of the parent company was also KRW 137.1 billion, swinging to a deficit from a net profit of KRW 462.7 billion in the same period last year. The previous quarter's net profit attributable to owners of the parent was KRW 636.4 billion.

Cumulative Performance for Q1–Q3 Still on an Upward Trend

Cumulative revenue for the first three quarters of this year totaled KRW 21.1382 trillion, up 15.6% from KRW 18.2817 trillion in the same period last year.

Cumulative operating profit rose 10.1% to KRW 2.4564 trillion from KRW 2.231 trillion a year earlier. Cumulative profit from continuing operations before corporate tax expense increased 8.1% year-on-year to KRW 1.612 trillion.

In addition, cumulative net profit for the period grew 34.4% to KRW 1.5701 trillion, while cumulative net profit attributable to owners of the parent climbed 8.2% to KRW 760.1 billion.

Provisional Results Subject to Change After Audit

The company stated that these results are provisional operating figures based on consolidated financial statements prepared in accordance with Korean International Financial Reporting Standards (K-IFRS). As the figures were compiled before the external auditor's accounting audit has been completed, some details may be changed in the course of the upcoming audit, the company explained.