Samsung E&A Q2 Operating Profit 262.6 Billion KRW... 23.8% Decrease Compared to Same Period Last Year
Exceeded Market Expectations but Decreased Compared to Same Period Last Year
Sales 2.6863 Trillion KRW · Net Profit 205.3 Billion KRW
Samsung E&A announced on the 25th that its consolidated operating profit for the second quarter of this year was tentatively estimated at 262.6 billion KRW, down 23.8% from the same period last year. Sales amounted to 2.6863 trillion KRW, and net profit was 205.3 billion KRW.
All figures exceeded market expectations (sales of 2.5616 trillion KRW, operating profit of 201.1 billion KRW), but due to the base effect from one-off results in the second quarter of last year, sales, operating profit, and net profit decreased by 3.6%, 23.8%, and 18.3%, respectively, compared to the same period last year.
With this, Samsung E&A recorded sales of 5.071 trillion KRW, operating profit of 471.9 billion KRW, and net profit of 369.4 billion KRW in the first half of this year, achieving more than half of its annual target. Samsung E&A self-assessed that "a solid performance trend continued due to settlements and cost improvements in multiple chemical projects in the closing stages, as well as a stable profit structure in the industrial environment sector." In the second quarter, Samsung E&A secured large chemical plant orders such as the Saudi Fadhili gas project, totaling 9.5 trillion KRW, and 10.9 trillion KRW cumulatively for the first half, achieving 86.6% of the annual order target (12.6 trillion KRW). The order backlog at the end of the second quarter stood at 24.1 trillion KRW, securing abundant work equivalent to two years and three months based on last year's sales.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- Iranian Military Spokesperson: "Ceasefire Was an Opportunity to Strengthen Forces... Ready to Respond to War"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
A Samsung E&A official stated, "Based on the abundant order backlog, we plan to continue stable growth through thorough project management," adding, "We will continue a profitability-focused order strategy by applying FEED to EPC and execution innovation, and expand participation in the energy transition sector to strengthen the foundation for sustainable mid- to long-term growth."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
