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Doosan Fuel Cell
Doosan Fuel Cell (A336260) investor relations material
Doosan Fuel Cell Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary29 Apr, 2026
Executive summary
Revenue for Q1 2026 reached ₩144.9 billion, up 45% year-over-year, driven by increased PAFC and SOFC sales.
Operating loss narrowed to ₩0.8 billion from ₩11 billion in Q1 2025, reflecting improved cost structure and SOFC yield.
Net loss for the quarter was ₩12.5 billion, with continued efforts to improve profitability.
Financial highlights
Q1 2026 revenue: ₩144.9 billion (+45% YoY, +7% QoQ).
Operating loss: ₩0.8 billion (improved from ₩11 billion loss YoY).
Gross margin improved as cost ratio decreased from 99.9% to 92.8%.
EBITDA turned positive at ₩9.6 billion, up from negative ₩7.1 billion YoY.
Net loss: ₩12.5 billion, compared to ₩9.5 billion loss YoY.
Outlook and guidance
Focus on expanding PAFC into overseas markets and enhancing competitiveness for data center solutions.
SOFC mass production stabilization targeted with core process yield goal of 90%.
Continued improvement in LTSA service quality and customer satisfaction.
Impact of LTSA platinum price accounting change
Progress on SOFC stack foundry business model
Status of Group C stack replacements for LTSA
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Latest events from Doosan Fuel Cell
- 2025 saw sales growth but deeper losses, with strong sales and order growth expected from 2026.A336260
Q4 202516 Mar 2026 - Sales surged 173% QoQ in 2Q24, with new H2 models and strong order growth fueling optimism.A336260Q2 202420 Feb 2026
- Sales up 58% YoY, CHPS market share at 73%, net loss due to higher costs, strong 2025 outlook.A336260Q4 202420 Feb 2026
- 3Q24 revenue dropped 29.7% YoY, but strong CHPS orders and SOFC growth signal a rebound.A336260Q3 202420 Feb 2026
- 1Q 2025 sales tripled YoY, but losses widened; growth initiatives and cost controls underway.A336260Q1 202520 Feb 2026
- Q2 2025 sales jumped 48.5% YoY, with losses narrowing and robust order growth ahead.A336260Q2 202520 Feb 2026
- Q3 2025 results show losses amid project delays, but robust order growth and SOFC ramp-up ahead.A336260Q3 202520 Feb 2026
Next Doosan Fuel Cell earnings date
Q2 20265 Aug, 2026
Doosan Fuel Cell
Next Doosan Fuel Cell earnings date
Q2 20265 Aug, 2026
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