Ernst & Young Hanyoung Reports KRW 798.4 Billion in Revenue; Operating Profit Rises 30% on Management Advisory Growth

[Financial News] Ernst & Young Hanyoung achieved both top-line growth and improved profitability last year, driven by the expansion of its management advisory business. With more than 60% of its total revenue coming from management advisory services, the firm has further shifted away from the traditional accounting firm model centered on auditing toward a greater emphasis on advisory work.
According to financial industry sources on the 30th, Ernst & Young Hanyoung posted total revenue of KRW 798.4 billion for fiscal 2025, which ran from July 2025 to June 2026, up 4.4% from the previous year. Operating profit rose 30.1% year on year to KRW 18.1 billion.
Ernst & Young Hanyoung consists of EY Hanyoung Accounting and EY Consulting, among other entities. EY Hanyoung Accounting recorded revenue of KRW 485.9 billion, up 4.6% from the previous year. Its operating profit more than doubled year on year to KRW 18.4 billion. Revenue from EY Consulting and related businesses increased 4.1% to KRW 312.5 billion.
The management advisory business posted particularly strong growth. EY Hanyoung Accounting's management advisory revenue rose 11.0% year on year to KRW 180.2 billion. Including EY Consulting and other businesses, Ernst & Young Hanyoung's total management advisory revenue reached KRW 491 billion, accounting for approximately 61% of total revenue.
EY Hanyoung Accounting's audit revenue amounted to KRW 235.9 billion, representing 48.6% of its total revenue. Tax advisory revenue stood at KRW 69.8 billion. In its audit business, the firm is gradually establishing an AI agent-based work support system across the entire audit process.
Productivity indicators also improved. Ernst & Young Hanyoung's average headcount remained broadly unchanged at 3,190, but revenue per employee increased 5.2% to KRW 250 million. Average personnel costs per employee rose 6.0% to KRW 135 million, while employee bonuses increased approximately 16.4% from the previous year.
EY-Parthenon, which handles strategy and financial advisory services, expanded its growth base as deal activity increased in areas including AI, technology and industrials alongside the recovery of South Korea's mergers and acquisitions (M&A) market. It is broadening its advisory offerings from strategy development to buyout and divestiture advice, valuations, post-merger integration (PMI) and value creation.
EY Consulting also grew as companies' demand increased for AI-driven business model transformation and productivity innovation. It recently acquired Cornerstone Intelligence, a specialist in SAP-based AI platforms, to expand its related business. In the financial sector, it is strengthening advisory services on financial institutions' enterprise-wide AX transformation, AI-based next-generation system development, overseas expansion and internal controls.
Park Yong-geun, CEO of Ernst & Young Hanyoung, said, "Following our transition to a profitability-focused management system centered on strengthening fundamentals last fiscal year, we achieved growth in both revenue and operating profit this year. Alongside stable growth in auditing, strong performance in management advisory further strengthened the balance of our business portfolio."

[email protected] Kim Hyun-jung Reporter