Hyundai Engineering & Construction Co., Ltd. financial statements, 6 years: Back to a profit in 2025 after a net loss of KRW 766.2bn in 2024
Consolidated financial statements for 2020–2025 and the 2026 half-year report that Hyundai Engineering & Construction Co., Ltd. filed with DART, laid out by year. No interpretation or outlook.
Hyundai Engineering & Construction Co., Ltd. financial statements, 6 years: Back to a profit in 2025 after a net loss of KRW 766.2bn in 2024
The consolidated financial statements in the 2020–2025 annual reports that Hyundai Engineering & Construction Co., Ltd. (000720) filed with Korea’s DART electronic disclosure system, laid out by year. Figures from the 2026 half-year report cover a different period and are shown separately. Every figure below is taken as filed in the DART submissions; there is no interpretation or outlook. Amounts are in Korean won (KRW; bn = billion, tn = trillion).
1. Income statement — the sign of net income changed in 2 years
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2020 | 16.97tn | — | 549.0bn | — | 3.2% | 227.7bn |
| 2021 | 18.07tn | +6.45% | 753.5bn | +37.26% | 4.2% | 554.4bn |
| 2022 | 21.24tn | +17.57% | 574.9bn | −23.70% | 2.7% | 470.9bn |
| 2023 | 29.65tn | +39.61% | 785.4bn | +36.62% | 2.6% | 654.3bn |
| 2024 | 32.67tn | +10.18% | −1.26tn | turned to loss | −3.9% | −766.2bn |
| 2025 | 31.06tn | −4.92% | 653.0bn | turned to profit | 2.1% | 559.1bn |
Revenue was largest in 2024 at KRW 32.67tn and smallest in 2020 at KRW 16.97tn among the six years. It fell from the previous year once: 2025 (−4.92%).
Operating income was largest in 2023 at KRW 785.4bn and smallest in 2024 at KRW −1.26tn. The operating margin was highest in 2021 at 4.2%.
Net income was largest in 2023 at KRW 654.3bn and smallest in 2024 at KRW −766.2bn.
2. Financial position — equity became 1.15x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 17.94tn | 8.77tn | 104.6% | 207.2% |
| 2021 | 19.64tn | 9.43tn | 108.3% | 190.8% |
| 2022 | 20.91tn | 9.92tn | 110.7% | 177.2% |
| 2023 | 23.71tn | 10.46tn | 126.8% | 179.7% |
| 2024 | 27.01tn | 9.67tn | 179.3% | 143.9% |
| 2025 | 27.79tn | 10.11tn | 174.8% | 147.9% |
The debt ratio was highest in 2024 at 179.3% and lowest in 2020 at 104.6%.
Over the same period total assets went from KRW 17.94tn to KRW 27.79tn (1.55x), and total equity went from KRW 8.77tn to KRW 10.11tn and became 1.15x.
The current ratio was above 100% in all six years, ranging from 143.9% to 207.2%.
3. Cash flow — negative in 4 years
| Fiscal year | Operating cash flow | Net income | ROE |
|---|---|---|---|
| 2020 | 1.73tn | 227.7bn | 2.6% |
| 2021 | 1.01tn | 554.4bn | 5.9% |
| 2022 | −143.5bn | 470.9bn | 4.7% |
| 2023 | −714.7bn | 654.3bn | 6.3% |
| 2024 | −118.8bn | −766.2bn | −7.9% |
| 2025 | −748.3bn | 559.1bn | 5.5% |
Operating cash flow was negative in 2022, 2023, 2024 and 2025. It was largest in 2020 at KRW 1.73tn.
ROE was highest in 2023 at 6.3% and lowest in 2024 at −7.9%.
4. Latest half-year report (end of H1, 77th fiscal period, consolidated basis)
The period differs, so these figures cannot be compared directly with the annual tables above. Only cumulative figures for the same period of the previous year are compared.
| Item | 2026 cumulative | Same period last year | Change |
|---|---|---|---|
| Revenue | 13.12tn | 15.18tn | −13.53% |
| Operating income | 442.7bn | 430.7bn | +2.79% |
| Net income | 363.7bn | 323.8bn | +12.34% |
| Finance income | 141.6bn | 138.7bn | +2.10% |
| Operating cash flow | −1.68tn | — | — |
At the end of the period, total assets were KRW 28.63tn, total liabilities KRW 17.41tn and total equity KRW 11.22tn.
The cumulative operating margin was 3.4%.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: Hyundai Motor Co, stake 20.95%
- Cash dividend per share KRW 800, payout ratio 24.10%, dividend yield 0.80%
- Employees: 6,900, average pay per employee KRW 112m
How to read this
This page lays out the filed figures by year and nothing more. Financial statements do not say why the numbers moved, so neither do we.
The order of publication follows revenue in the latest fiscal year and has nothing to do with the content.
To check the same figures, search for the company on DART and open the consolidated financial statements in its annual reports. Every number here was computed from the 2020–2025 annual reports and the interim report downloaded through the OpenDART API on 2026-09-25; ratios divide the filed account amounts.
This article is for information only and is not investment advice.