Doosan Enerbility Secures KRW 8.3 Trillion in Orders in First Half... Q2 Operating Profit Down 12.5%

"Difference in Timing of Cost Recognition and Revenue Realization"
First-Half Orders Surge 91% Driven by Nuclear Power and Gas Turbine Contracts

Due to proactive investments and the reflection of initial project costs, Doosan Enerbility's profitability in the second quarter of 2025 declined compared to the previous year. On a consolidated basis, operating profit was KRW 271.1 billion and net profit was KRW 197.8 billion, representing decreases of 12.5% and 10.4%, respectively. Revenue increased by 10.1% to KRW 4.569 trillion.

Doosan Enerbility announced on the 25th that its consolidated revenue for the second quarter of this year was KRW 4.3743 trillion, with operating profit of KRW 271.1 billion. For the cumulative period from January to June, revenue was KRW 8.3176 trillion, operating profit was KRW 413.6 billion, and net profit was KRW 176.7 billion. Compared to the same period last year, revenue increased by 0.8%, but operating profit and net profit decreased by 38.1% and 63.3%, respectively.

The company explained, "The reflection of initial costs for order-based projects before revenue recognition, along with proactive investment execution, acted in combination."

Despite the burden on performance, order intake improved. New orders in the first half reached KRW 8.3 trillion, a 91% increase compared to the same period last year. Expansion into nuclear power plants in the Czech Republic and Poland, as well as the supply of domestically produced gas turbines, drove the increase in orders. Follow-up nuclear cycle projects, such as the decommissioning of the TRIGA research reactor in Romania and preliminary design for Kori Unit 1, are also gaining momentum.