South Korea · Delayed Price · Currency is KRW HD Hyundai Heavy Industries Earnings Call Transcripts
Fiscal Year 2026
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Revenue and operating profit saw double-digit growth year-over-year, driven by higher vessel prices, productivity gains, and favorable exchange rates. Order intake nearly met the annual target, with a strong focus on high value-added gas carriers and robust backlog.
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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 a global market slowdown, and the company maintains a robust net cash position.