Hanwha Ocean

한화오션 · 042660

Industrials Machinery · KOSPI

Large-cap

Market cap US$25.8B (₩35.5T)

Overview

Hanwha Ocean is a Korean shipbuilder that designs and builds large vessels and offshore structures.

Its products include container ships, tankers, gas carriers, submarines, and other naval ships, as well as offshore oil and gas platforms. The company operates one of Korea's large shipyards and serves shipping lines, energy firms, and the military. It was formerly known as Daewoo Shipbuilding and Marine Engineering before the Hanwha group acquired it.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025
Revenue · FY2025
US$9.3B
▲ +18.6% YoY
Operating profit · FY2025
US$846.1M
▲ +390.8% YoY
Net income · FY2025
US$902.8M
▲ +135.9% YoY

Revenue

  • FY2023US$5.4B
  • FY2024US$7.8B
  • FY2025US$9.3B

Operating profit

  • FY2023−US$142.4M
  • FY2024US$172.4M
  • FY2025US$846.1M

Net income

  • FY2023US$116M
  • FY2024US$382.8M
  • FY2025US$902.8M

Key ratios (FY2025)

ROE
20.2%
Debt/Eq
226.2%
Op. margin
9.1%
Net margin
9.8%
Rev. YoY
▲ +18.6%

Why it matters

It is now part of the Hanwha group, after years operating as Daewoo Shipbuilding and Marine Engineering.

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For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-06-12 (KST). · FX: 1 USD ≈ ₩1,380 (2026-06-01).

Company summaries are generated and may contain errors; financial figures are mapped directly from official filings.