HD Hyundai Electric (267260) Q4 2025 earnings summary

Executive summary

• Achieved record-high quarterly revenue and operating profit in 4Q25, driven by strong high-margin power equipment deliveries to North America.

• Annual orders in 2025 exceeded guidance, with a robust backlog supporting future growth.

• Sustained growth momentum across key regions, with notable performance in North America, Middle East, and Europe.

Financial highlights

• 4Q25 sales reached KRW 1,163.2 bn, up 16.9% QoQ and 42.6% YoY; operating profit was KRW 320.9 bn, up 29.9% QoQ and 93.0% YoY.

• Net profit for 4Q25 was KRW 245.3 bn, up 28.4% QoQ and 92.8% YoY.

• 2025 annual sales were KRW 4,079.5 bn, up 22.8% YoY; operating profit was KRW 995.3 bn, up 48.8% YoY (OPM: 24.4%).

• Order backlog at year-end was USD 6.7 bn, up 21.5% YoY.

Outlook and guidance

• 2026 targets: orders of USD 4.222 bn and sales of KRW 4.35 tn, aiming for sustainable growth.

• Anticipates continued demand in North America due to grid upgrades and data center expansion.

• Middle East demand expected to remain strong, supported by renewable energy initiatives and grid investments.

• Europe to benefit from increased EU energy infrastructure budgets and renewable projects.

• Marine segment growth supported by LNG carrier orders and strengthened China sales network.