Hanwha Solutions announces Q4 2025 and full-year result

Seoul, February 5, 2026 – Hanwha Solutions announced that its consolidated revenue for 2025 reached KRW 13.3544 trillion, with an operating loss of KRW 353.3 billion.

By business segment, the Renewable Energy sector recorded revenue of KRW 6.8594 trillion and an operating loss of KRW 85.2 billion. Despite a decline in solar module sales due to customs delays, expansion in the U.S. residential energy business helped achieve record-high revenue and reduce the operating loss.

The Chemicals sector posted revenue of KRW 4.6241 trillion and an operating loss of KRW 249.1 billion. Profitability was weakened by prolonged oversupply in the global petrochemical market, leading to lower international prices for key products.

The Advanced Materials sector recorded revenue of KRW 1.1109 trillion and an operating profit of KRW 6.2 billion. While the new U.S. solar materials plant reached full-scale operation and revenue exceeded KRW 1 trillion for the second consecutive year, higher fixed costs contributed to increased production expenses.

In the fourth quarter of 2025, Hanwha Solutions posted revenue of KRW 3.7783 trillion and an operating loss of KRW 478.3 billion. The Renewable Energy sector returned to a loss due to reduced module production and lower sales following U.S. customs delays. The Chemicals sector’s operating loss widened as spreads contracted from scheduled maintenance and declining key product prices.

Jung Won-young, Chief Financial Officer (CFO) of Hanwha Solutions, stated, “With the U.S. module plant expected to operate at normal capacity and sales volumes increasing in the first quarter, along with anticipated improvements in selling prices, the Renewable Energy sector is projected to return to profitability. The Chemicals sector is expected to see a narrowing of losses due to the base effect of scheduled maintenance.”