South Korea's largest defense firm, Hanwha Aerospace, experienced a significant decline in stock prices, dropping over 6% on Tuesday following the release of its financial results for the fourth quarter. The company's revenue and pre-tax profit fell short of expectations, despite a substantial year-over-year increase in revenue. While the annual revenue soared by 137%, it still missed the projected target by a small margin. However, the net profit stood out, surpassing expectations despite a significant decline. Hanwha Aerospace's performance in 2025 has been remarkable, with shares climbing 193% after a strong 154% jump in 2024, making it the 11th largest stock on the Kospi with a market cap of approximately $42.03 billion. The company's defense platforms have gained popularity due to increased demand following the Russia-Ukraine War, with orders from multiple European countries. Hanwha has been selling its K9 Thunder self-propelled howitzers and Chunmoo multiple launch rocket systems to countries like Poland, Estonia, Romania, and Norway since 2022.
