HD Hyundai Marine Engine (A071970) Q4 2025 earnings summary

Executive summary

• Achieved 13.6% YoY revenue growth to ₩1,982.7 billion and 28.9% YoY operating profit growth to ₩350.1 billion in 2025.

• Maintained robust financial structure: consolidated debt ratio 54.3%, ROE 33.7%, and no outstanding borrowings.

• Core business (AM Solution, Eco-friendly, Digital) delivered 29.2% operating margin; overall margin at 17.7%.

• Listed on KRX in May 2024, raising ₩366.8 billion in equity capital.

Financial highlights

• Revenue: ₩1,982.7B (+13.6% YoY); Operating profit: ₩350.1B (+28.9% YoY); Net profit: ₩269.6B (+18.3% YoY).

• Cash and equivalents: ₩377.9B; total liquid assets: ₩564.2B.

• No outstanding borrowings at year-end; strong liquidity position.

• EPS: ₩6,013 (basic), ₩6,013 (diluted); dividend payout ratio targeted at 50–70% of separate net income.

• R&D expense: ₩7.4B (0.38% of sales); 69 domestic and 23 overseas patents.

Outlook and guidance

• Focus on expanding eco-friendly retrofits and digital solutions amid tightening environmental regulations.

• Continued investment in digital platforms and AI-based optimization (OceanWise) for vessel operations.

• Targeting growth in high-value engine services, long-term service agreements, and eco-friendly fuel supply.