A large screen displays images of Combat Unmanned Surface Vessels (USV) at the Hanwha exhibition stand during the Security Equipment International (DSEI) at London Excel on Sept.10, 2025 in London, England.
Shares of South Korea's largest defense firm Hanwha Aerospace plunged more than 6% Tuesday, after the company reported worse than expected numbers for its fourth quarter revenue and pre-tax profit on Monday.
Revenue in the fourth quarter rose 72.56% year on year to 8.33 trillion South Korean won, but missed LSEG estimates of 8.64 trillion won.
Pre-tax profit plunged 72% to 602 billion won, a massive miss compared to expectations of 1.2 trillion won, while the company's operating profit dipped 16% to 753 billion won.
Net profit was a bright spot, coming in above expectations despite a 54% decline at 934 billion won. LSEG estimates had pegged net profit at 717.20 billion won.