Hyundai Engineering & Construction said on the 28th that, based on consolidation, its preliminary results for the first quarter of 2026 came to revenue of 6.2813 trillion won, operating profit of 180.9 billion won, and net profit of 206.8 billion won.
Revenue reached 6.2813 trillion won as progress accelerated on large domestic and overseas projects such as THE H Claseo and Saudi Aramco Amiral Package 4. As a result, the company achieved 22.9% of its annual revenue target of 27.4 trillion won.
Operating profit was tallied at 180.9 billion won, down 15.4% from a year earlier. The company said quarterly profit is expected to improve gradually through profitability gains in the dwellings institutional sector and the sequential completion of high-cost plant sites. The operating margin stood at 2.9%, maintaining the annual target level.
First-quarter orders came to 3.9621 trillion won. The company delivered results in the energy institutional sector with projects such as the Pocheon pumped storage power plant and the Wando Geumil offshore wind pre-commencement services. However, they declined from a year earlier due to a base effect from large-scale complex development orders in the first quarter of last year.
Hyundai Engineering & Construction expects that, starting in the second quarter, orders for major projects such as an electric-arc furnace steel mill in the United States, the Palisades Small Modular Reactor (SMR), and the Bokjeong Station area development will gain full momentum, making it possible to achieve the annual order target of 33.4 trillion won.
The order backlog stands at 92.3237 trillion won, securing about three years and four months of work.
The financial structure also remained stable. Cash and cash equivalents totaled 3.8515 trillion won, the current ratio was 149.8%, and the liability ratio was 157.6%. The credit rating remains at AA-, the highest level in the industry.
Hyundai Engineering & Construction is also accelerating the expansion of its energy business. It is pursuing contracts for major projects such as the U.S. Matador project and the Palisades SMR, and plans to expand its business scope with a focus on European markets, including Bulgaria, Finland, Sweden, and the Netherlands.
A Hyundai Engineering & Construction official said, "In a situation where external uncertainties persist, such as global geopolitical risks and raw material price volatility, we are focusing on thorough risk management and strengthening the fundamentals of our operations," and added, "We will strengthen our energy portfolio, including nuclear power, to build a stable business structure."