Homeplus Posts Over 1 Trillion Won Net Loss in One Year... Receives Disclaimer of Opinion for Second Consecutive Year

Sales Reach 5.7963 Trillion Won, Down 17.1% Year-on-Year
Operating Loss Widened to 546.4 Billion Won, Up 73.9%

Homeplus, which is undergoing corporate rehabilitation proceedings (court receivership), reported a net loss of over 1 trillion won over the past year and received a disclaimer of opinion from its auditor for the second consecutive year.

On June 8, Homeplus disclosed its audit report for the 2025 fiscal year (March 2025 to February 2026), recording sales of 5.7963 trillion won, an operating loss of 546.4 billion won, and a net loss of 1.001 trillion won.

Compared to the same period of the previous year, sales decreased by 17.1%, operating losses widened by 73.9%, and the net loss also increased by 48.1%. The company has been in the red for five consecutive years since the 2021 fiscal year (March 2021 to February 2022).

A Homeplus store in Seoul. Photo by Yonhap News

Total assets amounted to 7.304 trillion won, a decrease of 1.6128 trillion won from the previous year. Total liabilities stood at 7.065 trillion won. As a result, total equity after deducting liabilities from assets was only 239.1 billion won.

Current assets that can be converted into cash within one year fell by half to 408.2 billion won compared to the same period last year, while current liabilities due within one year surged from 2.6499 trillion won to 4.2897 trillion won.

Hanyoung Accounting Corporation, the auditor, expressed a “disclaimer of opinion” in its audit report. Hanyoung explained, “Homeplus recorded an operating loss of 546.4 billion won and a net loss of 1.001 trillion won, and as of the end of the reporting period, current liabilities exceeded current assets by 3.8815 trillion won,” adding that this “raises significant doubt about the company’s ability to continue as a going concern.”

Previously, Hanyoung Accounting Corporation had also issued a disclaimer of opinion in the previous year’s audit report, citing uncertainties regarding the company’s ability to continue as a going concern.

This content was produced with the assistance of AI translation services.