Hanil Forging: 2025 Earnings Plunge, Accounting Error Correction

FY2025 consolidated sales 126.6bn won (-9.2% YoY), operating profit 3.5bn (-57.5%), net income 1.9bn (-72.1%)
Standalone: operating loss 0.11bn, net loss 0.89bn
Prior period error correction: net income increased by 6.32bn due to impairment test error on subsidiary investment
Debt ratio 77.2% (prior 92.1% → improvement), borrowing dependency 34.6% (prior 37.3%)
Credit rating BB (Nice Rating)
No convertible bonds outstanding (early redemption completed)
FX sensitivity: ±1.85bn pre-tax impact from 10% change
Parent company EPS 45 won (prior 198 won)

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