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 all major subsidiaries maintaining robust net cash positions. Despite global order declines, order momentum remains solid, and the outlook for LNG, container, and tanker segments is positive.
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Q2 saw double-digit sales and operating profit growth year-over-year, despite significant FX and derivative losses. All major divisions reported margin improvements, with strong cash positions maintained. Market demand remains robust, and new orders are on track to meet annual targets.