BHI (083650) Q2 2025 earnings summary

Executive summary

• Reviewed consolidated interim financial statements for the six months ended June 30, 2025, and 2024, prepared in accordance with Korean IFRS 1034.

• No material misstatements identified; prior year-end audit also received an unqualified opinion.

Financial highlights

• Total assets increased to ₩733.9B as of June 30, 2025, from ₩524.8B at December 31, 2024.

• Revenue for the six months ended June 30, 2025, was ₩304.6B, up from ₩159.4B year-over-year.

• Operating income for the period was ₩32.8B, up from ₩14.8B year-over-year.

• Net income attributable to owners for the six months was ₩38.6B, up from ₩7.5B year-over-year.

• Cash and cash equivalents at period-end were ₩23.2B, up from ₩17.6B at prior year-end.

Outlook and guidance

• Significant increase in order backlog and ongoing large-scale projects expected to support future revenue.

• Management continues to monitor market and financial risks, with no major changes in risk management approach.