Kangwon Land has posted significantly lower full-year profit for 2025, with the company reporting a 30.7% year-on-year decline in net income, according to its disclosure submitted to the Korea Exchange. The decrease reflects weaker non-operating income during the period, despite modest top-line growth.
The filing shows that net profit dropped to KRW 316.5bn, compared with KRW 456.9bn in the previous year. Operating income also contracted 17.7%, falling from KRW 285.8bn to KRW 235.2bn.
Sales, however, improved 3.5% year on year, rising to KRW 1.476trn, supported by continued recovery in core business activities. The company did not elaborate on segment-level performance but highlighted that reduced non-operating income was the main factor behind the earnings decline.
Total assets increased to KRW 4.856trn, up from KRW 4.701trn, while total liabilities rose to KRW 892.9bn. Shareholders’ equity also edged higher to KRW 3.963trn. The filing notes that the financial data is based on consolidated statements prepared under K-IFRS and remains subject to external audit.
Kangwon Land’s board of directors acknowledged the results on January 21, marking the submission of pre-audit financial statements to regulators. The company did not issue forward guidance in the disclosure but stated that the outlined changes would not affect its classification as a large-sized corporation.
Further updates may follow once audit procedures are completed.
Kangwon Land remains classified as a large-sized corporation, with total assets rising to KRW 4.86trn during the financial year
