Homeplus Co., which is undergoing rehabilitation proceedings, posted a net loss of more than 1 trillion won over the past year. Revenue fell by double digits, and both operating loss and net loss widened, further increasing financial pressure.
According to the 2025 fiscal year audit report disclosed by Homeplus Co. on the 8th, Homeplus Co. recorded revenue of 5.7963 trillion won, an operating loss of 546.4 billion won, and a net loss of 1.001 trillion won from March last year to February this year. Compared with the same period a year earlier, revenue fell 17.1%, and the operating loss grew 73.9%. The net loss also increased 48.1%.
Homeplus Co. has been in the red for five consecutive years since the 2021 fiscal year, sharply worsening its financial structure. As of the end of the 2025 fiscal year, Homeplus Co.'s total assets stood at 7.304 trillion won and total liabilities at 7.065 trillion won. Equity, which is assets minus liabilities, was 239.1 billion won.
Short-term liquidity pressure is also high. Current assets that can be cashed in within a year amounted to 408.2 billion won, while current liabilities due within a year reached 4.2897 trillion won. That means current liabilities are more than 10 times current assets.
Compensation paid to executives, including salaries and retirement benefits, from March last year to February this year was disclosed at a total of 5.4 billion won.
EY Hanyoung, the auditor, issued a "disclaimer of opinion" on this audit report. It cited reasons including the occurrence of sizable operating and net losses and the fact that whether Homeplus Co. can remain a going concern depends on court approval of its rehabilitation plan. This is the second straight year Homeplus Co. has received a disclaimer of opinion on its audit report.