HD Korea Shipbuilding & Offshore Engineering Surpasses 1 Trillion Won in Q3 Operating Profit: "All Three Shipbuilding Units in the Black"

Balanced Growth Across Merchant Ships, Engines, and Offshore Plants
Sales Reach 7.5815 Trillion Won, Up 21.4% Year-on-Year
Merger of HD Hyundai Heavy Industries and HD Hyundai Mipo Expected

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai's shipbuilding division, recorded a consolidated operating profit of 1.0538 trillion won in the third quarter of this year, showing growth despite the seasonal off-peak period.

On November 3, HD Korea Shipbuilding & Offshore Engineering announced that it posted sales of 7.5815 trillion won and an operating profit of 1.0538 trillion won in the third quarter of 2025. Compared to the same period last year, sales increased by 21.4% and operating profit by 164.5%. The company achieved balanced growth across all sectors-merchant ships, engines, and energy-surpassing 1 trillion won in quarterly operating profit. The third quarter is typically characterized by lower productivity due to a long holiday period and typhoons that reduce the number of working days, making these strong results particularly noteworthy.

HD Hyundai Heavy Industries led the improvement, recording sales of 4.4179 trillion won and an operating profit of 557.3 billion won. HD Hyundai Samho and HD Hyundai Mipo also posted strong results, with sales of 1.9665 trillion won and an operating profit of 306.4 billion won, and sales of 1.3003 trillion won and an operating profit of 200.8 billion won, respectively. In particular, HD Hyundai Mipo saw its sales surge by 20.7% and operating profit by 470.5%, benefiting from high-value orders for medium-sized vessels.

HD Hyundai Marine Engine recorded sales of 109.1 billion won and an operating profit of 20.3 billion won, thanks to increased sales of high-value-added engines. These figures represent year-on-year increases of 35% and 130.7%, respectively. HD Hyundai Energy Solution, despite a decline in domestic module sales due to the rainy season, achieved sales of 121 billion won and an operating profit of 14.7 billion won through increased exports to the United States and the expansion of new products.

By business segment, the shipbuilding division posted sales of 6.1985 trillion won and an operating profit of 865.8 billion won, up 16.5% and 128.9%, respectively. The engine and machinery division saw sales rise by 31% to 823.6 billion won and operating profit climb by 137.5% to 243.2 billion won, driven by increased demand for dual-fuel engines. The offshore plant division expanded its sales to 280.4 billion won but turned to a loss due to one-off expenses.

A representative from HD Korea Shipbuilding & Offshore Engineering stated, "Profitability will further improve as sales of eco-friendly and high-value-added ships are fully reflected," adding, "The merger between HD Hyundai Heavy Industries and HD Hyundai Mipo will allow us to expand our market presence and secure unrivaled technological capabilities, leading the shipbuilding market."

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