Hyosung Heavy Industries (298040) Q2 2025 earnings summary

Executive summary

• Achieved record-high quarterly operating profit in 2Q 2025, driven by robust global demand and margin improvement in heavy industries.

• Order backlog and new orders reached all-time highs, supported by major contract wins in the US and UK.

Financial highlights

• Sales revenue rose to KRW 1,525.3bn in 2Q 2025, up 41.7% sequentially and 27.8% year-over-year.

• Operating profit increased to KRW 164.2bn, up 60.4% sequentially and 161.9% year-over-year.

• Net profit was KRW 87.3bn, down 15.7% sequentially but up 209.6% year-over-year.

• EBITDA reached KRW 184.7bn, up 50.8% sequentially and 150.6% year-over-year.

• Gross profit margin improved to 21.1%, up 3.1 percentage points sequentially and 7.8 points year-over-year.

Outlook and guidance

• Continued strong global demand for ultra-high voltage (UHV) power equipment expected to support future growth.

• Focus on export growth with new manufacturing facility construction and expansion in overseas markets.