South Korea · Delayed Price · Currency is KRW HD Hyundai Heavy Industries Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong year-over-year revenue and profit growth, driven by improved vessel mix, productivity, and the Mipo merger. Order intake reached 37.5% of the annual target, with robust demand in LNG, VLGCs, and container ships, but geopolitical risks and order timing remain key uncertainties.
Fiscal Year 2025
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Q4 2025 saw strong sales and improved profitability, with significant FX gains and one-off bonuses impacting results. Shipbuilding orders exceeded targets, offshore and engine divisions showed robust growth, and all subsidiaries maintained a solid net cash position.
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Q3 2025 delivered strong revenue and profit growth, driven by productivity gains and higher vessel prices, with minimal FX and steel price impacts. Solid order momentum continues despite global demand contraction, and the company maintains a robust net cash position.