Hanwha Engine Q1 2026: Revenue KRW 345.2B, OP KRW 51.4B, OP Margin 14.9%, Strong Earnings Continue

Q1 2026 consolidated revenue KRW 345.2B (increase YoY, vs annual KRW 1,371.1B), operating profit KRW 51.4B (OPM 14.9%), net profit KRW 52.9B (EPS 631 won)
Debt ratio 213.19% (FY2025 end: 204.92%), total assets KRW 1.91T, equity KRW 610B
Ship engine & SCR revenue KRW 310.3B (89.9%), AM/diesel power etc. KRW 34.9B (10.1%)
Key customers: Hanwha Ocean (40.3%), Samsung Heavy Industries (33.9%); order backlog KRW 524.3B
On Mar 31, 2026, completed acquisition of Hanwha Aerospace's commercial marine ESS business (KRW 15.5B, goodwill KRW 9.8B)
Established Chinese subsidiary Hanwha Engine Technology Shanghai Co., Ltd. (capital not yet paid)
On Apr 1, 2026, completed 100% acquisition of SEAM Topco AS via subsidiary
RSU grants to 3 registered executives (total 2,531 shares, vesting by 2030)
Litigation: 4 cases as defendant (KRW 17.5B), 1 case as plaintiff (KRW 3.6B)

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