HD Hyundai Marine Solution (443060) Q2 2026 earnings summary

Executive summary

• Achieved all-time high revenue of KRW 580.4 billion in 2Q26, up 24.1% year-over-year and 1.0% sequentially from 1Q26.

• Operating profit reached a record KRW 97.6 billion, increasing 4.5% quarter-over-quarter and 17.6% year-over-year.

• Net income was KRW 83.0 billion, down 15.4% sequentially but up 56.6% year-over-year.

Financial highlights

• Operating margin stood at 16.8% in 2Q26, up from 16.3% in 1Q26.

• Non-operating profit and loss was KRW 11.3 billion, with positive contributions from interest and foreign currency gains.

• Pre-tax income was KRW 108.9 billion, down 8.9% sequentially but up 59.4% year-over-year.

Outlook and guidance

• Sustained growth expected in aftermarket and retrofit segments, with expansion into power generation and digital solutions.

• Service readiness being strengthened for AI DC engine market growth and preventive maintenance.