HUSTEEL Reports 79.5% Plunge in Operating Profit and Net Loss in 2025, Impairment Losses Erode Shareholder Value

In 2025, HUSTEEL's consolidated revenue fell 15.3% to KRW 612.5B, operating profit plunged 79.5% to KRW 3.5B, and net income turned to a loss of KRW 15.0B.
Major write-downs including tangible asset impairment (KRW 26.0B), revaluation loss (KRW 38.3B), and fair-value loss on SSP shares (KRW 94.0B) drove the net loss.
On a standalone basis, operating loss was KRW 15.8B and net loss was KRW 36.1B, reflecting direct profitability deterioration.
Dividends were suspended; EPS fell to -268 won (consolidated) and -642 won (standalone), reducing shareholder returns.
The Gunsan large-diameter pipe plant (KRW 212.9B investment) was completed in June 2025 but failed to lift short-term earnings.
External headwinds including a 50% US steel tariff, global demand weakness, and domestic slowdown severely impacted results.
[AI Summary]HUSTEEL's 2025 operating profit plummeted due to US tariffs and weak market conditions, while asset impairments and investment valuation losses pushed it into a net loss. Despite the completion of a major facility investment (Gunsan plant), delayed recovery weighs on near-term stock outlook, and the dividend suspension has effectively eroded shareholder value.