Kumho E&C said on the 13th that on a consolidation basis for the first half of 2026, it posted sales of 965 billion won, operating profit of 28.6 billion won, and net profit of 24.4 billion won.
Profitability improvements stood out in the first-half results. Sales edged down from a year earlier, but the cost ratio improved to 93.2% from 94.6%. With stricter on-site cost control and profit-focused operations translating into results, operating profit rose 30.6% to 28.6 billion won from 21.9 billion won. The operating margin also climbed to 3.0% from 2.2%.
Net profit came to 24.4 billion won, up 117.9% from 11.2 billion won a year earlier. Kumho E&C said, "As improvements in the cost ratio and a decline in financial expenses were reflected, both operating profit and net profit increased, continuing a stable trend of performance improvement."
Second-quarter sales on a consolidation basis were 511.6 billion won, operating profit was 16.5 billion won, and net profit was 13.6 billion won. Compared with the first quarter, sales increased by 58.2 billion won, operating profit by 4.4 billion won, and net profit by 2.8 billion won.
The first-half consolidation debt ratio was 405.5%, and the separate debt ratio was 393.3%. The consolidation debt ratio fell 145.6 percentage points from the first quarter, and the separate debt ratio came down into the 300% range.
Borrowings also continued to decline. Consolidation borrowings decreased from 157.1 billion won at the end of last year to 131.1 billion won at the end of the first quarter of this year, and further to 128.6 billion won at the end of the second quarter.
A Kumho E&C official said, "Through profit-focused operations and thorough cost control, both performance and the financial structure improved," adding, "We will continue to secure a stable profit base and steadily strengthen financial soundness based on selective order-taking and cost control."