Hanwha Ocean Discloses Corporate Group Status: Assets 19.7T KRW, Debt Ratio 229%, Affiliate Ownership 37.69%
Financial Status: As of end of previous fiscal year, total assets 19,724.6B KRW, total liabilities 13,730.3B KRW, total equity 5,994.3B KRW, debt ratio 229.06%. Cash and cash equivalents 602.0B KRW. Borrowings 5,506.2B KRW.
Income Statement: Revenue 12,903.6B KRW, operating profit 1,154.0B KRW, net profit 1,344.2B KRW. Interest expense 189.8B KRW.
Shareholder Structure: Largest shareholder Hanwha Aerospace 30.44%, Hanwha Systems 7.24%, total related parties 37.69%. Treasury shares 0.02%. Other shareholders 62.31%.
Affiliate Changes: 12 new affiliates added (newly established or acquired), 1 excluded (liquidated), net increase of 11. Key additions: Ocean E&I, Hanwha Ocean Brazil, Hanwha Ocean USA Investment LLC, etc.
Overseas Affiliates: 26 entities in China, Kazakhstan, Cyprus, Hong Kong, Bahamas, USA, Cayman Islands, Netherlands, Marshall Islands, UK, Brazil, India, Namibia, Singapore. Majority 100% owned.
Board and Committees: 2 inside directors (Kim Hee-cheol, Philippe Levy), 1 non-executive director (Kim Dong-kwan), 5 outside directors (Kim Young-sam, Kim Bong-hwan, George P. Bush, Lee Hyo-jin, Choi Hoon). Committees: Internal Transactions, Audit, ESG, Compensation. All resolutions approved.
Key Internal Transactions: Civil works with Hanwha Aerospace 30.2B KRW, with Shinan-Ui Offshore Wind 7.2B KRW. Receivables from affiliates 632.3B KRW. Debt guarantees for Hanwha Philly Shipyard 271.5B KRW. Performance guarantees 1,600.6B KRW.
Share-Based Compensation: RSU grants to 2 registered executives (81,192 shares) and 99 non-registered executives (176,291 shares) in 2025. Closing price on grant date: 113,600 KRW.
KOSPI Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]