Hanwha Engine (082740) investor relations material
Hanwha Engine Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
2Q26 sales were KRW362bn, down 6.6% YoY; operating profit was KRW38bn and operating margin was 10.5%, up 1.8pp YoY.
Backlog reached a record KRW5.979tn at June 30, 2026, up 44.1% from FY25-end; 1H26 orders totaled KRW2.127tn.
Financial highlights
1H26 new orders increased 31.5% YoY to KRW2.127tn, with balanced intake across vessel types.
Revenue declined as engine deliveries fell by 25 units YoY; the lower delivery volume was described as a one-time reduction.
Deliveries of orders secured since 2024 supported higher profitability despite lower marine engine sales.
Outlook and guidance
2026 global newbuild orders are expected to remain in line with 2025; the 2027–2036 average is forecast at 49m CGT.
The four-stroke factory was under construction in 2Q26, with first shop tests and first engine delivery scheduled from 3Q26 onward; planned capacity is up to 180 units annually.
- Revenue rose 57.8% YoY as Q3 operating profit and net income turned positive.082740
Q3 2024 - Higher-margin deliveries lifted Q3 operating margin to 8.9% as backlog reached 39,880억원.082740
Q3 2025 - Q2 margin rose to 8.7% as H1 orders surged, despite a weaker 2025 ship-order outlook.082740
Q2 2025 - FY25 orders surged 33.2%, with 9.5% operating margin and KRW 4,143B backlog.082740
Q4 2025 - FY24 sales rose 41%, margins improved, and new orders reached KRW 1,649B.082740
Q4 2024