Here are the latest news from Daehan Shipbuilding.
- Admin
- 09-24-2025
[2025.08.14] DHshipbuilding Maintains 20% Operating Margin in Q2 2025, Demonstrating Solid Profitability and Continued Growth
DHshipbuilding Maintains 20%
Operating Margin in Q2 2025, Demonstrating Solid Profitability
and Continued Growth
- H1 revenue KRW 603.7 billion · Operating profit KRW 132.2 billion · Operating margin 21.9%
- Q2 2025 revenue KRW 296.0 billion · Operating profit KRW 62.5 billion · Operating margin 21.1%
- Accelerating “qualitative growth” through improved productivity from continuous construction of core vessel types
- KOSPI listing on August 1… Stable performance from the very first quarter after listing
DHshipbuilding has set a new milestone in the medium-sized shipbuilding sector by sustaining one of the industry’s highest operating margins in the second quarter of 2025.
On the 14th, the company announced its consolidated results for Q2 2025: revenue of KRW 296.0 billion and operating profit of KRW 62.5 billion. Compared to the same period last year, revenue increased by approximately 16.7% and operating profit by about 84.4%. Following Q1, the company once again maintained an operating margin above 20%, demonstrating stable profitability.
For the first half of 2025, cumulative results reached revenue of KRW 603.7 billion and operating profit of KRW 132.2 billion, with an operating margin of 21.9%. This performance is evaluated not as a temporary benefit from favorable market conditions, but as the result of structural improvements achieved over the past three years.
[Summary of DHshipbuilding’s Results for the Past Three Years]
(Unit: KRW 100 million)
| Category | 2023 Year-end | 2024 Year-end | 2025 H1 |
|---|---|---|---|
| Revenue | 8,164 | 10,753 | 6,037 |
| Operating Profit | 359 (4.4%) | 1,581 (14.7%) | 1,322 (21.9%) |
Source: Financial Supervisory Service DART and DHshipbuilding (Consolidated basis)
Since being acquired by KHI in 2022, DHshipbuilding has achieved both revenue growth and profitability improvement through strategies such as ▲focusing on orders for high-value vessels ▲internalizing outsourced block production ▲maximizing facility operation efficiency ▲and detailed cost management. These changes have become long-term competitiveness rather than short-term gains.
In the first half of this year, DHshipbuilding maintained a stable production schedule by delivering one vessel of its core type each month. In the second half, construction of high-value vessels such as shuttle tankers will begin in earnest, while continuous construction of its main vessel types will further improve productivity. If this trend continues, solid performance is also expected in the second half of the year.
A DHshipbuilding representative stated:
“Achieving an operating margin in the 20% range is only the beginning. By maintaining this level stably, we will establish ourselves as a shipyard recognized for unshakable competitiveness in the global market.”
Meanwhile, backed by confidence in its structural improvements and profitability recovery, DHshipbuilding was listed on the Korea Exchange (KOSPI) on August 1. From its very first quarter after listing, the company has continued to post stable results.