South Korea · Delayed Price · Currency is KRW HD Korea Shipbuilding & Offshore Engineering Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong year-over-year revenue and profit growth, driven by improved productivity, vessel mix, and merger synergies. Order intake reached 37.5% of the annual target, with robust market conditions and a focus on high-value vessels supporting profitability. Offshore and engine segments delivered standout results.
Fiscal Year 2025
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Q4 2025 saw strong sales and improved profitability, with operating profit up 108% year-over-year despite one-off bonus impacts. Order intake exceeded targets, and all subsidiaries remain in a net cash position. Market volatility is expected in 2026, but stable performance is anticipated.
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Q3 2025 delivered strong revenue and profit growth, driven by productivity gains and higher vessel prices, with robust performance across shipbuilding, engine, and naval segments. Despite global order declines and one-off costs, margins and cash position remain solid.
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Q2 saw double-digit sales and operating profit growth year-over-year, with strong performance across shipbuilding, offshore, and engine divisions despite significant FX and derivative losses. The company remains in a robust net cash position and expects continued growth, supported by a strong order backlog and favorable market trends.