“The bottom line was buoyed by increased exports of defense systems, such as the Chunmoo multiple rocket launcher, and equity gains from Hanwha Ocean Co., which secured additional high-value shipbuilding orders,” a company spokesperson said. Hanwha added it will focus on securing further defence contracts in the Middle East and Europe.
The company said it is also pursuing growth through the planned fourth launch of the homegrown Nuri space rocket in November. In July, it signed a $17.3 million deal with the Korea Aerospace Research Institute to acquire core technologies related to the rocket, granting exclusive manufacturing and launch rights through 2032.
Operating profit more than doubled to $621.8 million in the second quarter from $242.6 million a year earlier. Revenue also climbed to $4.7 billion from $1.7 billion over the same period.
For the first half of 2025, net income more than tripled to $362.5 million from $118.7 million a year earlier. Operating profit surged to $1.06 billion from $260 million, while sales reached $8.6 billion compared with $2.7 billion a year earlier.
