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.

• Operates in two main segments: heavy industry (power equipment, motors, gears, hydrogen, ESS) and construction (housing, redevelopment, infrastructure).

• 24 consolidated subsidiaries, with major operations in Korea, China, India, USA, and Vietnam.

• Recent business highlights include major supply contracts, R&D achievements, and expansion in hydrogen and renewable energy.

• No changes in capital stock or major shareholding structure during the period.

Financial highlights

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

• Consolidated revenue for 2025 H1: KRW 2,601.4 billion, down from KRW 4,894.9 billion in 2024 full year.

• Operating profit increased to KRW 164.2bn in 2Q 2025, up 60.4% sequentially and 161.9% year-over-year.

• Net profit was KRW 87.3bn in 2Q 2025, down 15.7% sequentially but up 209.6% year-over-year.

• EBITDA reached KRW 184.7bn in 2Q 2025, up 50.8% sequentially and 150.6% 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.

• Diversifying sales regions and expanding into hydrogen, ESS, and data centers.

• Emphasis on high-value, eco-friendly, and digital solutions in response to global energy transition.