Doosan Reports Q2 Operating Profit of KRW 357.8 Billion, Up 6.3% Year-on-Year

Electronics BG and Enerbility Drive Performance
Bobcat Sees Decline Due to Tariff Impact

Doosan announced on July 25 that its consolidated operating profit for the second quarter of this year was provisionally tallied at KRW 357.8 billion, a 6.3% increase compared to the same period last year. Revenue reached KRW 5.3464 trillion, up 16.4% year-on-year. Net profit for the period was KRW 233.2 billion, marking a 7.8% rise.

In the second quarter of this year, improvements in both Doosan’s standalone business and the performance of Doosan Enerbility contributed to increases in revenue and operating profit. Doosan’s standalone business recorded revenue of KRW 558.6 billion and operating profit of KRW 142 billion, up 76.3% and 263.2% respectively from the same period last year. In particular, the Electronics BG (Business Group) achieved record quarterly results, driven by significant growth in sales of next-generation network materials, including copper-clad laminates (CCL) for artificial intelligence (AI) accelerators. The share of high-end products in Electronics BG’s sales rose to 81% in the first half of this year, and Doosan expects sales growth to continue in the second half as well.

Doosan Enerbility posted consolidated second-quarter revenue of KRW 4.569 trillion and operating profit of KRW 271.1 billion. Compared to the same period last year, revenue increased by 10.1%, while operating profit declined by 12.5%. On a standalone basis, revenue was KRW 2.0761 trillion and operating profit was KRW 145.6 billion, up 33.4% and 24% respectively year-on-year. In the first half, Doosan Enerbility’s order intake reached KRW 3.7573 trillion, a 98.4% increase from the previous year, supported by continued orders for overseas gas power plant projects. The order backlog at the end of the first half stood at KRW 16.0115 trillion, an increase of approximately KRW 1.3 trillion from the same period last year.

Doosan Bobcat recorded second-quarter revenue of KRW 2.0214 trillion and operating profit of KRW 204.2 billion. Due to the economic slowdown in advanced markets and uncertainty over tariffs, revenue declined by 1.6% and operating profit by 14.8% year-on-year. However, operating profit continued to rise for the third consecutive quarter since the fourth quarter of last year.