HD Hyundai Posts Q3 Operating Profit of 1.7024 Trillion Won... Shipbuilding Drives Results

Power Equipment Division Also Strong
Refining and Construction Equipment Achieve Turnaround

HD Hyundai achieved a profit exceeding 1 trillion won in the third quarter of this year, driven by strong performances in its shipbuilding and power equipment divisions. The refining and construction equipment divisions also succeeded in turning around, resulting in a balanced recovery across all business sectors.

On November 3, HD Hyundai announced in a regulatory filing that its consolidated sales for the third quarter of 2025 reached 18.2243 trillion won, with operating profit at 1.7024 trillion won. Sales increased by 9.8% and operating profit surged by 294.5% compared to the same period last year.

HD Hyundai booth set up at 'Gastech 2025' held in Milan, Italy. HD Hyundai

The core subsidiary, HD Korea Shipbuilding & Offshore Engineering, posted sales of 7.5815 trillion won and operating profit of 1.0538 trillion won, thanks to increased deliveries of high-priced vessels and improved productivity. These figures represent year-on-year increases of 21.4% and 164.5%, respectively. The higher proportion of high-value-added LNG carriers and container ships is credited with driving these results.

HD Hyundai Marine Solution also reported strong performance in its mainstay after-market (AM) services for ships and digital solutions, achieving sales of 513.2 billion won and operating profit of 93.6 billion won. These figures are up 11.3% and 12.2% year-on-year, respectively.

HD Hyundai Site Solution, which operates the construction equipment business, recorded sales of 2.0526 trillion won and operating profit of 143.2 billion won, fueled by recovering demand in North America and Europe and a stronger focus on the mining market. These results represent increases of 15.8% and 96.7%, respectively. The company stated, "We will continue to maximize profitability by strengthening cost competitiveness and expanding our portfolio of high-margin products."

HD Hyundai Oilbank successfully returned to profitability for the quarter due to improved refining margins. The company posted sales of 7.3285 trillion won and operating profit of 191.2 billion won. Despite a global slowdown in the petrochemical market, the refining business improved its performance. HD Hyundai Oilbank plans to continue this positive trend by stabilizing plant operations and increasing the proportion of high-value-added products.

HD Hyundai Electric recorded sales of 995.4 billion won and operating profit of 247.1 billion won as demand for transformers increased, particularly in North America and Europe. The operating profit margin stood at 24.8%, continuing its upward trend since the fourth quarter of last year.

A representative from HD Hyundai stated, "While shipbuilding and power equipment divisions performed strongly, the turnaround in refining and construction equipment also contributed to improved results. We will continue to pursue stable growth by developing eco-friendly technologies and maximizing production efficiency."

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