HD Hyundai Marine Solution Q1 Operating Profit Rises 12.5% to 93.4 Billion Won

By SHIN JIA Posted : April 24, 2026, 14:20 Updated : April 24, 2026, 14:20
 
HD Hyundai Marine Solution corporate identity. [Photo = HD Hyundai Marine Solution]
HD Hyundai Marine Solution, HD Hyundai’s marine-industry solutions unit, said Thursday it posted first-quarter revenue of 574.6 billion won and operating profit of 93.4 billion won. Revenue rose 18.3% from a year earlier and operating profit increased 12.5%.

The company said growth in its core aftermarket parts and services business, along with higher sales from its bunkering business, drove the gains.

Aftermarket revenue climbed 21.4% from a year earlier, led by sales tied to large engines and its mid-sized HiMSEN engines, the company said. It also cited new orders, including a maintenance contract for power-generation facilities for Ecuador’s state power company.

Its digital solutions business also extended steady growth, with revenue up 33.3% year over year on a broader product lineup, including an integrated control system (ECS) applied to Anduril’s unmanned surface vessel, it said.

Revenue in the eco-friendly solutions business fell due to a base effect from large-scale retrofit work in the year-earlier period, the company said.

An HD Hyundai Marine Solution official said the company plans to further strengthen competitiveness in high value-added aftermarket businesses such as engines, and to expand its eco-friendly and digital businesses to upgrade its portfolio. The official said the opening of a logistics hub in Singapore will help improve global supply-chain efficiency and strengthen customer responsiveness.



* This article has been translated by AI.

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