Samsung Heavy Industries Surpasses 200 Billion KRW in Quarterly Operating Profit for First Time in 11 Years

Sales Reach 2.7 Trillion KRW...
"Annual Target of 10 Trillion KRW Achievable"
Impact of Reduced Fixed Costs and Higher Proportion of High Value-Added Ship Types
Active Response Planned for New FLNG Project Bids

Samsung Heavy Industries has surpassed 200 billion KRW in quarterly operating profit for the first time in 11 years since the second quarter of 2014.

On July 24, Samsung Heavy Industries announced its preliminary results for the second quarter of 2025, reporting sales of 2.683 trillion KRW and operating profit of 204.8 billion KRW. Operating profit increased by 56.7% compared to the same period last year, marking the first time in 11 years that quarterly operating profit has exceeded 200 billion KRW. Sales rose by 6% year-on-year, driven by an increase in the number of working days. The improvement in profitability is attributed to reduced fixed cost burdens and a higher proportion of high value-added ship types.

Samsung Heavy Industries Liquefied Natural Gas (LNG) Carrier. Samsung Heavy Industries

For the first half of the year, cumulative sales reached 5.1773 trillion KRW and operating profit totaled 327.9 billion KRW, representing increases of 6.1% and 57.2%, respectively, compared to the same period last year. Samsung Heavy Industries has already secured 34% (3.3 billion USD) of its annual order target of 9.8 billion USD (13.424 trillion KRW). Of this, the commercial ship segment accounts for 45% (2.6 billion USD), while the offshore segment represents 17% (700 million USD).

In the second half of the year, orders for commercial ships, particularly gas carriers such as LNG carriers and ethane carriers, as well as offshore plant orders centered on floating liquefied natural gas (FLNG) production facilities, are expected to continue. Samsung Heavy Industries has the possibility of signing a main contract for offshore production facilities with an African shipowner, with whom a preliminary agreement has already been reached, and is focusing its capabilities on FLNG projects that are likely to be ordered within the year.

A Samsung Heavy Industries official stated, "An operating profit of over 200 billion KRW in the second quarter is a result achieved for the first time in 11 years," adding, "It is expected that the annual sales target of 10.5 trillion KRW and operating profit of 630 billion KRW, as presented at the beginning of the year, will be achieved without difficulty."

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