HD Hyundai Marine Engine (071970) Q2 2026 earnings summary

Executive summary

• The company underwent a major change in ownership, with HD Korea Shipbuilding & Offshore Engineering acquiring a 35.05% stake and becoming the largest shareholder as of July 2024.

• The company changed its name to HD Hyundai Marine Engine Co., Ltd. and completed the sale of a major plant, improving its financial structure.

• The main business is marine engines, with 77.7% of sales from ship engines and 22.3% from engine parts and services.

Financial highlights

• Consolidated revenue for H1 2026 was KRW 261.6 billion, down from KRW 402.4 billion in H1 2025.

• Operating income for H1 2026 was KRW 63.8 billion, compared to KRW 75.9 billion in H1 2025.

• Net income for H1 2026 was KRW 60.0 billion, down from KRW 165.1 billion in H1 2025.

• Basic EPS for H1 2026 was KRW 1,769, compared to KRW 4,867 in H1 2025.

• Cash and cash equivalents at June 2026 were KRW 340.3 billion, up from KRW 94.3 billion at December 2025.

Outlook and guidance

• The company is investing in eco-friendly engine technology and expanding production capacity to meet rising demand for dual-fuel and environmentally compliant engines.

• Ongoing investments in production facilities are expected to increase capacity and support future growth.