Global accounting and consulting firm EY Hanyoung said on the 30th that operating profit for the 2024 fiscal year (Jul. 2024–Jun. 2025) rose 52% from a year earlier to 13.9 billion won. Revenue for the same period fell 2.3% on-year to 764.8 billion won.
Specifically, EY Hanyoung posted 464.5 billion won in revenue and 9.1 billion won in operating profit. EY Consulting and others recorded 300.3 billion won in revenue and 4.8 billion won in operating profit. EY Hanyoung consists of EY Hanyoung and EY Consulting, among others.
An EY Hanyoung official said, "Although revenue declined amid an uncertain internal and external environment, as a result of strengthening sound management, the productivity indicator of revenue per person, based on an average headcount of about 3,260 employees, improved 6% on-year to 234 million won, and operating profit also increased."
Average personnel expenses per employee at EY Hanyoung were 126 million won, up 6% from a year earlier, driven by employee bonuses that increased by nearly 10% on-year.
EY Hanyoung's audit revenue was found to be 234 billion won, up 6% from a year earlier. Audit revenue accounted for 31% of EY Hanyoung's total revenue and 50.4% of EY Hanyoung's revenue. EY Hanyoung explained that the annual increase in audit revenue is the result of strengthened client trust in AI-based digital audits and high-quality audits.
EY Consulting and others recorded 300.3 billion won in revenue, accounting for 39% of EY Hanyoung's total revenue and driving the firm's growth. In particular, EY Consulting has recorded an average annual revenue growth rate of 30% over the past five years, and this year its operating profit rose 53% on-year, continuing to strengthen its trajectory of qualitative growth.
Chief Executive Park Yong-geun of EY Hanyoung said, "EY Hanyoung has reset its management stance to focus on growth and has pursued a strategic shift to a sound-management system centered on improving profitability," adding, "As a result, we have raised the level of practical compensation for employees and established a system and culture in which compensation aligns with performance."
He added, "We will continue to enhance efficiency and profitability, further solidify the foundation for sustainable growth, and actively support clients so they can prepare for the future with confidence by advancing the organization's expertise and expanding organic collaboration across businesses."
EY Hanyoung also plans this year to focus on strengthening client trust by enhancing sector-specific expertise and advancing collaboration systems across business divisions. Companywide, through integrated operation of the "EY AI Hub," which brings together AI capabilities and services, EY Hanyoung aims to boost work efficiency and automation through internal AI innovation while also continuing to expand AI transformation (AX) services for corporate clients.