대한조선주식회사

DH Shipbuilding recorded

an operating profit margin of 24.3%

in the third quarter,
achieving over 20% for four consecutive quarters and leading a structural shift in profitability across the shipbuilding industry.

On the 14th, DH Shipbuilding announced its consolidated third-quarter results, reporting KRW 274 billion in revenue and KRW 66.5 billion in operating profit.

This translates to an operating profit margin of 24.3%, following 22.7% in Q1 and 21.1% in Q2—marking three consecutive quarters above 20%.

Including last year’s Q4 performance (revenue KRW 332 billion, operating profit KRW 70 billion, margin 21.1%), DH Shipbuilding has now maintained four consecutive quarters of operating profit margins above 20%, demonstrating that its high-profit structure is not temporary but firmly established.

For the 2025 year-to-date third quarter, revenue reached KRW 877.7 billion and operating profit KRW 198.8 billion, resulting in an operating margin of 22.6%.

Compared to the same period last year (revenue KRW 743.3 billion, operating profit KRW 88.1 billion, margin 11.9%), revenue increased by about 18%, while operating profit rose more than 125%.

During this period, DH Shipbuilding has maintained profitability twice the industry average, making it one of the most financially robust shipyards in Korea.

This strong performance is the result of improved production efficiency and a strategy centered on high-value vessels.

DH Shipbuilding shifted its order portfolio toward higher-priced ships such as shuttle tankers and container vessels, while enhancing production efficiency through continuous construction of core ship types and expanded in-house block fabrication.

Higher facility utilization and more sophisticated cost-control also contributed to reducing waste and raising profitability.

The company also demonstrated strong competitiveness in sales. In September alone, DH Shipbuilding secured 8 of the 10 Suezmax crude oil carriers ordered worldwide, strengthening its leadership in the global market.

Industry experts note that the company has solidified its position due to its reliable quality, strong adherence to delivery timelines, and growing capabilities in environmentally friendly shipbuilding.

A DH Shipbuilding representative stated,
“Following strong results across the past three quarters and last year’s fourth quarter, we have now achieved four consecutive quarters of operating margins exceeding 20%.

With our stable profit structure firmly in place, we plan to continue this momentum in the fourth quarter and aim for the best performance in our company’s history.”