Samsung Heavy Industries Co., Ltd. financial statements, 6 years: Back to a profit in 2024 after a net loss of KRW 155.6bn in 2023
Consolidated financial statements for 2020–2025 and the 2026 half-year report that Samsung Heavy Industries Co., Ltd. filed with DART, laid out by year. No interpretation or outlook.
Samsung Heavy Industries Co., Ltd. financial statements, 6 years: Back to a profit in 2024 after a net loss of KRW 155.6bn in 2023
The consolidated financial statements in the 2020–2025 annual reports that Samsung Heavy Industries Co., Ltd. (010140) 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 2024
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2020 | 6.86tn | — | −1.05tn | — | −15.4% | −1.49tn |
| 2021 | 6.62tn | −3.47% | −1.31tn | loss widened | −19.8% | −1.45tn |
| 2022 | 5.94tn | −10.23% | −854.4bn | loss narrowed | −14.4% | −627.4bn |
| 2023 | 8.01tn | +34.73% | 233.3bn | turned to profit | 2.9% | −155.6bn |
| 2024 | 9.90tn | +23.64% | 502.7bn | +115.43% | 5.1% | 53.9bn |
| 2025 | 10.65tn | +7.54% | 862.2bn | +71.52% | 8.1% | 535.8bn |
Revenue was largest in 2025 at KRW 10.65tn and smallest in 2022 at KRW 5.94tn among the six years. It fell from the previous year twice: 2021 (−3.47%), 2022 (−10.23%).
Operating income was largest in 2025 at KRW 862.2bn and smallest in 2021 at KRW −1.31tn. The operating margin was highest in 2025 at 8.1%.
Net income was largest in 2025 at KRW 535.8bn and smallest in 2020 at KRW −1.49tn.
2. Financial position — equity became 1.10x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 12.92tn | 3.72tn | 247.5% | 88.9% |
| 2021 | 12.14tn | 4.10tn | 196.3% | 79.2% |
| 2022 | 14.49tn | 3.57tn | 305.7% | 91.3% |
| 2023 | 15.59tn | 3.41tn | 357.4% | 82.3% |
| 2024 | 17.19tn | 3.75tn | 358.6% | 77.9% |
| 2025 | 14.95tn | 4.10tn | 265.1% | 78.6% |
The debt ratio was highest in 2024 at 358.6% and lowest in 2021 at 196.3%.
Over the same period total assets went from KRW 12.92tn to KRW 14.95tn (1.16x), and total equity went from KRW 3.72tn to KRW 4.10tn and became 1.10x.
The current ratio was below 100% in all six years — current liabilities exceeded current assets every year. It ranged from 77.9% to 91.3%.
3. Cash flow — negative in 3 years
| Fiscal year | Operating cash flow | Net income | ROE |
|---|---|---|---|
| 2020 | −243.9bn | −1.49tn | −40.1% |
| 2021 | 845.0bn | −1.45tn | −35.4% |
| 2022 | −1.69tn | −627.4bn | −17.6% |
| 2023 | −516.5bn | −155.6bn | −4.6% |
| 2024 | 654.5bn | 53.9bn | 1.4% |
| 2025 | 1.56tn | 535.8bn | 13.1% |
Operating cash flow was negative in 2020, 2022 and 2023. It was largest in 2025 at KRW 1.56tn.
ROE was highest in 2025 at 13.1% and lowest in 2020 at −40.1%.
4. Latest half-year report (end of H1, 53rd 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 | 6.13tn | 5.18tn | +18.46% |
| Operating income | 598.1bn | 327.9bn | +82.42% |
| Net income | 322.9bn | 302.5bn | +6.75% |
| Finance income | 344.6bn | 490.7bn | −29.76% |
| Operating cash flow | 2.31tn | — | — |
At the end of the period, total assets were KRW 17.96tn, total liabilities KRW 13.25tn and total equity KRW 4.71tn.
The cumulative operating margin was 9.8%.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: Samsung Electronics Co, .ltd, stake 15.23%
- No cash dividend was reported in the 2025 annual report
- Employees: 10,589, average pay per employee KRW 106m
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 2026-10-16; ratios divide the filed account amounts.
This article is for information only and is not investment advice.