HD Hyundai Marine Engine (071970) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 was KRW 291.4 billion, a 28% increase year-over-year, driven by higher demand for ship engines and crankshafts.

• Operating income rose to KRW 48.0 billion from KRW 33.2 billion in the prior year, with net income at KRW 53.0 billion.

• The company completed a major ownership change, joining the HD Hyundai Group after a third-party allotment and capital increase in July 2024.

Financial highlights

• Gross margin improved to 23.5% (KRW 68.4 billion gross profit on KRW 291.4 billion revenue).

• Cash and cash equivalents increased to KRW 92.9 billion from KRW 59.8 billion at year-end 2024.

• Total assets rose to KRW 665.0 billion, with equity at KRW 375.7 billion.

• Basic EPS for the period was KRW 1,563, down from KRW 2,459 in the prior year due to share dilution.

Outlook and guidance

• The company expects continued growth in eco-friendly engine demand, supported by global shipping market trends and stricter environmental regulations.

• Ongoing investments in production capacity and R&D for dual-fuel and LNG/LPG engines are planned.