Hyosung Heavy Industries (298040) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was ₩1,740,635m, operating income ₩243,455m and net income ₩226,303m; 9M revenue, operating income and net income all rose YoY.

• Power-equipment demand and a heavy-industry order backlog of ₩25,415,999m supported growth; logistics delays, construction cost pressures and project-financing exposure remained risks.

Financial highlights

• Q3 revenue, operating income and net income were ₩1,740,635m, ₩243,455m and ₩226,303m, versus ₩1,624,136m, ₩219,809m and ₩151,766m in Q3 2025.

• Q3 gross profit was ₩403.5bn with a 23.2% margin; operating margin was 14.0% and EBITDA margin was 15.5%.

• 9M revenue was ₩4,785,822m, operating income ₩660,064m, pretax income ₩646,238m and net income ₩489,372m.

Segment performance

• Heavy Industries Q3 revenue was ₩1,193.2bn, up 4.3% YoY; operating profit was ₩235.7bn, up 20.4%, with a 19.8% margin.

• Heavy Industries Q3 orders were ₩3,233.1bn, up 122% YoY; 9M orders totaled ₩14,936,901m and Sept. 30 backlog was ₩25,415,999m.

• Construction Q3 revenue was ₩549.1bn, up 14.0% YoY; operating profit fell 67.9% to ₩7.7bn amid select-site cost overruns.

• 9M Heavy Industries revenue and operating income were ₩3,211,601m and ₩683,128m; Construction revenue and operating income were ₩1,550,954m and ₩81,376m.