Hyundai Engineering & Construction FY 2025 Annual ReportBeta
Hyundai Engineering & Construction annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
Hyundai Engineering & Construction FY 2025 Annual Report Analysis
Business Overview
- • Plant/New Energy segment revenue surged to KRW 9.93T (domestic KRW 2.83T + overseas KRW 7.10T) in FY2025, up ~60% from KRW 6.83T in FY2024, now 31.7% of total revenue vs 20.7% prior year
- • Iraq Ratawi seawater treatment facility awarded Nov 2025 by TotalEnergies at KRW 4.55T — largest new overseas contract in the backlog
Management Discussion & Analysis
- • Revenue KRW 31.06T (-4.9% YoY); OP KRW 653.0B (turnaround from -KRW 1.26T); net income KRW 559.1B (turnaround from -KRW 766.2B)
- • Plant/New Energy segment drove recovery: domestic +68.5% to KRW 2.83T (Ulsan S-OIL Shaheen project), overseas +37.8% to KRW 7.10T (Saudi Amiral PKG4)
Risk Factors
- • USD 10% FX move → ±KRW 154.4B pre-tax impact on net assets; SGD and other currencies add ±KRW 44B additional exposure
- • Financial guarantee obligations due within 1 year: KRW 12.46T, total KRW 19.89T — dominant liquidity maturity risk
Hyundai Engineering & Construction FY 2025 Key Financial MetricsDART
Total Assets
KRW 27.79T
▲ +2.9% YoY
Operating Cash Flow
-KRW 748.3B
▼ -529.8% YoY
CapEx
KRW 107.2B
▼ -40.1% YoY
Source: KIFRS consolidated financial data from Hyundai Engineering & Construction annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding