Hyundai Engineering & Construction (000720) Q3 2026 earnings summary

Executive summary

• 9M 2026 consolidated revenue was KRW 19,364bn, down 15.8% YoY, while operating profit rose 24.4% to KRW 665bn and net profit rose 4.3% to KRW 410bn.

• New orders reached KRW 28,875bn, up 10.6% YoY; backlog was KRW 99,531bn, equivalent to 3.6 years of workload.

Financial highlights

• 9M gross profit increased 12.4% to KRW 1,542bn; gross margin expanded 2.0 percentage points to 8.0%.

• 9M operating margin improved 1.1 points to 3.4%; earnings before tax rose 38.3% to KRW 677bn, with a 3.5% margin.

• Q3 revenue was KRW 6,241bn, down 20.3% YoY and 8.8% QoQ; operating profit was KRW 222bn, up 114.2% YoY and down 15.3% QoQ.

• Q3 net profit was KRW 46bn, down 31.7% YoY and 70.5% QoQ; net profit attributable to parent owners was KRW 38bn, down 13.4% YoY and 67.6% QoQ.

Outlook and guidance

• 9M new orders of KRW 28,875bn achieved 86.5% of the KRW 33,400bn FY target; revenue of KRW 19,364bn achieved 70.7% of the KRW 27,400bn annual plan.

• 9M operating profit of KRW 665bn reached 83.1% of the KRW 800bn annual plan.

• Backlog of KRW 99,531bn represented 3.6 years of secured workload.