What the company does
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 FY2025Revenue · 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 · Context, not a recommendation
It is now part of the Hanwha group, after years operating as Daewoo Shipbuilding and Marine Engineering.
Filings
All disclosures · English when translatedPrice charts coming soon
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