Doosan Reports Q2 Revenue of 4.9 Trillion KRW and Operating Profit of 512 Billion KRW... Strong Performance by Subsidiaries

Driven by strong performance of subsidiaries including Doosan Bobcat
Sales and operating profit up 14.0% and 39.1% YoY respectively

Doosan Corporation (Doosan) announced on the 28th through a public disclosure that it recorded consolidated sales of KRW 4.9683 trillion and operating profit of KRW 512 billion for the second quarter. These figures represent increases of 14.0% and 39.1%, respectively, compared to the same period last year. Doosan Bobcat drove the performance with increased sales across all product lines, and Doosan Enerbility also continued its growth trend.

The cumulative performance for the first half of the year showed sales of KRW 9.3195 trillion and operating profit of KRW 850.2 billion, marking increases of 21.0% and 53.4%, respectively, compared to the same period last year.

Doosan Corporation's own business recorded second-quarter sales of KRW 295.2 billion and operating profit of KRW 23 billion. In particular, the Electronics BG achieved performance improvement compared to the previous quarter through expanded sales of high-end products and strengthened profitability management, despite delays in the semiconductor market recovery. In the second half, the company plans to expand sales by diversifying its product portfolio, including electronic materials for memory semiconductors and AI accelerators.

Doosan Enerbility recorded consolidated sales of KRW 4.5394 trillion and operating profit of KRW 494.7 billion in the second quarter. Driven by performance growth based on increased orders and strong results from subsidiaries such as Bobcat, sales grew by 18.1% and operating profit by 50.5% compared to the same period last year. Doosan Enerbility's orders for the first half reached KRW 5.1641 trillion, achieving 60% of this year's target, with an order backlog of KRW 16.3725 trillion as of the end of the first half.

Doosan Bobcat announced on the 26th that it recorded second-quarter sales of KRW 2.6721 trillion and operating profit of KRW 466.5 billion. Sales and operating profit increased by 20.5% and 50.7%, respectively, compared to the same period last year, and the operating profit margin rose by 3.5 percentage points to 17.5%. By product, second-quarter sales (in USD) increased by 9% for compact equipment, 30% for portable power, and 40% for industrial vehicles, continuing growth across all product lines. Regionally, balanced growth was achieved with North America up 15%, EMEA (Europe, Middle East, and Africa) up 15%, and ALAO (Asia, Latin America, and Oceania) up 14%.

Doosan Fuel Cell recorded second-quarter sales of KRW 49.2 billion and operating profit of KRW 500 million. In the second half, with the general hydrogen power generation bidding under the Clean Hydrogen Power Supply Obligation System (CHPS) starting in June, stable domestic demand is expected to be secured.

This content was produced with the assistance of AI translation services.