HD Hyundai Heavy Industries Q1 2026: Operating Profit KRW 905.4B, Order Backlog KRW 62.2T
- Consolidated Q1 2026 revenue KRW 5.92T, operating profit KRW 905.4B (44% of full-year 2025), net profit KRW 773.8B
- Interest coverage ratio improved to 41.4x (from 17.8x in prior quarter), net cash position (negative net debt)
- Debt-to-equity ratio 183.9%, order backlog KRW 62.2T at period-end (new orders KRW 11.7T)
- Dividend policy: payout ratio ≥30% of separate net income, no share buyback/cancellation plans
- Completed merger with HD Hyundai Mipo (Dec 2025); shipbuilding market share rose to 37.9%
- R&D spending KRW 26.3B (0.45% of sales), slightly lower ratio vs prior year
- 34 pending lawsuits (KRW 51.4B) considered immaterial
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KOSPI Filing Information
- Filing: Quarterly Report (2026.03)
- Company: HD HYUNDAI HEAVY INDUSTRIES (329180)
- Submission: HD HYUNDAI HEAVY INDUSTRIES CO.,LTD.
- Receipt: 05-15-2026