Hyundai Wia (011210) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for the year ended December 31, 2024, were audited and received an unqualified opinion, confirming fair presentation under Korean IFRS.

• Internal control over financial reporting was also found effective as of year-end 2024.

• The company decided to divest its machine tool business, classifying related assets and liabilities as held for sale and reporting results as discontinued operations.

Financial highlights

• Revenue for 2024 was ₩8,180,886 million, a slight decrease from ₩8,165,581 million in 2023.

• Operating income was ₩218,810 million, down from ₩232,802 million year-over-year.

• Net income attributable to owners of the parent was ₩120,435 million, up from ₩91,461 million in 2023.

• Total comprehensive income was ₩282,194 million, a significant increase from ₩51,755 million in the prior year.

• Cash and cash equivalents at year-end were ₩758,404 million, up from ₩471,826 million.

Outlook and guidance

• The company continues to monitor climate-related risks and regulatory changes, integrating these into asset life and impairment assessments.

• No material impact from new or revised accounting standards is expected.