Hanon Systems

Building Momentum for Continued Growth

• With a strong foundation built over four decades, the company is focused on long-term growth
• The company will allocate strategic resources to next-generation technologies

SEOUL, South Korea, March 9, 2026 /PRNewswire/ -- Hanon Systems, a leading global automotive thermal management supplier and subsidiary of Hankook & Company Group proudly celebrates its 40th anniversary, marking four decades to engineering excellence, continued technological innovation, and trusted partnership across the global automotive industry.

As part of the celebration, the company introduced its anniversary logo "40 Years Forward." The logo reflects the company's commitment to building on its 40-year legacy while accelerating its transformation in the rapidly evolving thermal energy management industry, signaling pride in past achievements and a strong focus on the future.

As part of its long-term strategy, Hanon Systems plans to gradually expand its business scope. Leveraging its proven expertise in automotive thermal management, the company aims to apply its high-efficiency thermal solutions to other sectors, including data center cooling and other key infrastructure industries. In addition, the company also intends to strengthen its position in the global aftermarket.

"The dedication of our employees, and their continued focus on quality and innovation have been the foundation of Hanon Systems' growth over the past four decades," said Soo-Il Lee, President and CEO of Hanon Systems. "Our 40th anniversary is not only a celebration of our history, but a commitment to disciplined execution, financial stability, and sustainable long-term growth."

Looking forward, Hanon Systems will continue to enhance its operational efficiency and allocate strategic resources toward next-generation technologies. The company aims to evolve further as a specialized, cross-industry thermal management solutions provider.

To celebrate this milestone, the company will honor employees across its global locations in appreciation of their decades of dedication and commitment.

About Hanon Systems

Hanon Systems, founded in 1986, is a global leader in thermal management solutions. In January 2025, it became a subsidiary of Hankook & Company Group. Its offering includes a wide range of solutions in the areas of heating, ventilation and air conditioning, powertrain cooling, compressor, fluid transport, and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers and employs more than 20,000 people across 21 countries. To learn more, visit hanonsystems.com.

Follow Hanon Systems:

LinkedIn: https://www.linkedin.com/company/hanonsystems

YouTube: https://www.youtube.com/channel/UC6bSZ7NMg7LPhXDyTOMwebQ/feed

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SOURCE Hanon Systems

Annual Revenue Reaches KRW 10.88 Trillion, Representing 8.9% Year-on-Year Growth

• Annual revenue reached KRW 10.88 trillion, representing 8.9% year-on-year growth with operating profit of KRW 271.8 billion
• Operating margin remained above 3.4% in both Q3 and Q4, reflecting continued profitability improvement
• Cost of sales ratio was maintained below 90% for two consecutive quarters, highlighting continued improvements in operational efficiency

SEOUL, South Korea, Feb. 2, 2026 /PRNewswire/ -- Hanon Systems, a leading global automotive thermal management supplier and subsidiary of Hankook & Company Group, today announced its full year 2025 financial results.

In 2025, Hanon Systems recorded annual revenue of KRW 10.88 trillion, an increase from KRW 9.99 trillion in the previous year. Operating profit reached KRW 271.8 billion, driven by company-wide operational improvements and efficiency initiatives implemented following its acquisition by Hankook & Company Group.

As a result, the company maintained an operating margin of 3.5% in the third quarter and 3.4% in the fourth quarter, representing two consecutive quarters above the 3% level. The cost of sales ratio was maintained below 90% for the second consecutive quarter, highlighting continued improvements in profitability and cost structure.

Through ongoing efforts to strengthen its financial structure, net interest expenses decreased by KRW 28.8 billion year-on-year. The company expects its recent capital increase to further reduce financial burden associated with interest costs.

Hanon Systems continued to diversify its global customer portfolio, strengthening existing partnerships while securing new OEM customers in Asia. Leveraging its system-level thermal management solutions and diverse product portfolio supporting nearly all vehicle types, the company aims to further expand its presence in the global market.

Electrified-vehicle sales accounted for 28% of total revenue in 2025. As the global automotive market's transition to electrification continues to lag behind expectations, internal combustion engine (ICE) and hybrid electric vehicle (HEV) models maintain strong market presence in many regions. In response, Hanon Systems plans to maximize profitability of its core ICE and HEV products, while remaining flexible in addressing electrification and hybrid demand.

Hanon Systems has developed a comprehensive thermal management portfolio supporting ICE, HEV, battery electric vehicles (BEV), extended-range electric vehicles (EREV), and fuel cell electric vehicles (FCEV). The company has established early technological leadership in electric vehicle thermal management, positioning itself as a leading global supplier in automotive thermal management.  

Looking ahead, the company stated that it will continue to prioritize cost structure improvements and profitability recovery, building upon achievements achieved during 2025.

"Despite ongoing global uncertainty, we remain committed to strengthening our fundamental business structure, fostering corporate culture innovation, and achieving operational stability alongside Hankook & Company Group," said Lee Soo-il, Vice Chairman and CEO of Hanon Systems.

"This year, we will accelerate growth by reinforcing operational discipline, strengthening our R&D capabilities, and pursuing new business opportunities leveraging our thermal management expertise."

About Hanon Systems

Hanon Systems, founded in 1986, is a global leader in thermal management solutions. In January 2025, it became a subsidiary of Hankook & Company Group. Its offering includes a wide range of solutions in the areas of heating, ventilation and air conditioning, powertrain cooling, compressor, fluid transport, and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers and employs more than 20,000 people across 21 countries. To learn more, visit hanonsystems.com.

Follow Hanon Systems:

LinkedIn: https://www.linkedin.com/company/hanonsystems

YouTube: https://www.youtube.com/channel/UC6bSZ7NMg7LPhXDyTOMwebQ/feed

View original content to download multimedia:https://www.prnewswire.com/news-releases/hanon-systems-announces-full-year-2025-financial-results-302677083.html

SOURCE Hanon Systems