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Doosan Enerbility (034020) investor relations material
Doosan Enerbility Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Orders rose 69.8% year-over-year, driven by overseas gas power projects and services.
Sales increased 7.7% year-over-year, with strong progress on combined-cycle projects.
EBIT declined year-over-year due to external factors and lower Bobcat sales, despite higher revenue from combined-cycle projects.
Net income turned negative, with a loss of KRW 62bn managerial consolidated and KRW 153bn consolidated.
Financial highlights
Managerial consolidated sales: KRW 5,522bn (+7.7% YoY); EBIT: KRW 134bn (-46bn YoY); EBITDA: KRW 245bn (-37bn YoY).
Consolidated sales: KRW 12,198bn (+4.8% YoY); EBIT: KRW 551bn (-232bn YoY); EBITDA: KRW 879bn (-194bn YoY).
Net debt increased to KRW 4,007bn managerial consolidated and KRW 4,186bn consolidated.
Liability/equity ratio rose to 140.4% managerial consolidated and 127.8% consolidated.
Outlook and guidance
2025 annual orders forecast raised to KRW 13–14tn, with upside from nuclear and gas turbine projects.
Sales guidance for 2025 set at KRW 7.4–7.8tn (+14–20% YoY); EBIT guidance at KRW 310–330bn (-12–17% YoY).
Strategic focus on high-margin nuclear and gas businesses to secure stable long-term margins.
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