HD Hyundai Marine Engine (A071970) Q2 2025 earnings summary

Executive summary

• Achieved revenue of 182.3 billion KRW for H1 2025, a 24% increase year-over-year, driven by higher demand for ship engines and crankshafts.

• Operating profit reached 27.7 billion KRW, up from 18.4 billion KRW in H1 2024.

• Net income for the period was 30.4 billion KRW, with basic EPS of 897 KRW.

• Company completed a major ownership change, with HD Korea Shipbuilding & Offshore Engineering becoming the largest shareholder at 35.05%.

• Company name changed from STX Heavy Industries to HD Hyundai Marine Engine in July 2024.

Financial highlights

• Revenue: 182.3 billion KRW (up 24% YoY).

• Operating profit: 27.7 billion KRW (up 50% YoY).

• Net income: 30.4 billion KRW (up 89% YoY).

• Gross margin improved to 40.9% from 36.7% YoY.

• Cash and cash equivalents at period end: 130.9 billion KRW.

• No outstanding borrowings; net debt position is negative.

Outlook and guidance

• Continued focus on expanding eco-friendly engine offerings (LNG, LPG dual-fuel) to capture growing demand.

• Ongoing investments in productivity and capacity enhancements, with 145 billion KRW planned through 2027.

• Order backlog at 1.05 trillion KRW as of June 2025, supporting future revenue visibility.