DL E&C Reports 3rd Quarter Operating Profit of 107.3 Billion Won

DL E&C announced on October 30 that it recorded consolidated sales of 1.5065 trillion won and an operating profit of 107.3 billion won for the third quarter of this year. These figures represent decreases of 21% and 8.1%, respectively, compared to the same period last year. New orders totaled 1.9617 trillion won.

For the cumulative third quarter, sales reached 5.0347 trillion won, with an operating profit of 424.1 billion won. The cumulative operating profit increased by 30.9% from 323.9 billion won in the same period last year, surpassing last year's total annual operating profit of 387 billion won. Cumulative new orders amounted to 7.2154 trillion won, a 31.0% increase year-on-year.

Profitability indicators also improved. The operating profit margin for the third quarter rose to 7.1%, up 1.0 percentage points from the previous year, while the cumulative operating profit margin increased to 8.4%, a rise of 2.7 percentage points. Factors contributing to this improvement included stabilization of housing project cost rates and enhanced cost management. However, the operating profit for the third quarter declined due to additional costs associated with the extension of the Shahin project construction period and rock excavation work.

In the housing sector, the company secured construction rights for the Mokdong District 6 redevelopment project this year. It is currently in the process of negotiating contracts for large-scale maintenance projects, including the Seongsu 2 District (2.0137 trillion won) and the HaAn Jugong 9 District (930.9 billion won). DL E&C is also pursuing a bid for the urban public housing complex project on the west side of Jungdong Station (759.5 billion won).

In new business areas, DL E&C is expanding its North American energy infrastructure, small modular reactor (SMR), and data center projects. The company is pursuing bids for a gas power project in Canada and seeking opportunities in gas power and liquefied natural gas (LNG) projects in the United States.

In the SMR sector, DL E&C is expanding its collaboration with U.S.-based X-Energy and is working on a design contract for a demonstration reactor project to verify the performance and commercial viability of nuclear technology. In the data center sector, the company is targeting new orders for projects worth approximately 2 trillion won in locations such as Hanam, Bucheon Naedong, and Dangjin.

As of the end of the third quarter, DL E&C reported net cash of 1.1238 trillion won and a debt ratio of 79%. The company plans to maintain financial soundness and respond to business risks through selective bidding and cost management, considering profitability.