Doosan (A000150) Q2 2026 earnings summary

Executive summary

• Sales and operating profit increased year-over-year and quarter-over-quarter, driven by improved performance across the corporation and major affiliates.

• Net income rose significantly both YoY and QoQ, supported by higher operating profit and non-operating income.

Financial highlights

• Consolidated sales reached KRW 5,586bn, up 5.0% YoY and 11.0% QoQ.

• Operating profit was KRW 488bn, up 37.8% YoY and 42.7% QoQ.

• Net income surged to KRW 536bn, an increase of KRW 303bn YoY and KRW 434bn QoQ.

• Net debt increased to KRW 4,474bn from KRW 4,019bn in 1Q26.

Outlook and guidance

• Targeting approximately KRW 3.2tn in annual sales for in-house business by expanding high-margin Electro-Materials in 2H26.

• Electro-Materials segment expects KRW 1.5tn in 2H26 sales, driven by AI/semiconductor demand and new facility mass production.

• Doosan Enerbility aims for KRW 13.3tn in annual orders, leveraging core business and major projects in 2H26.