Hyundai Engineering & Construction posts profit rise and order backlog tops 100 trillion won

Hyundai Engineering & Construction announced its half‑year results, recording sales of 13.1 trillion won, a 13.5% decline from the same period a year earlier. Operating profit grew 2.8% to 442.7 billion won, reaching 55.3% of the annual target.

New orders rose 36.4% year‑on‑year to 22.8 trillion won, driven by large overseas projects and high‑value domestic developments such as a U.S. electric‑arc steel plant and a mixed‑use site near Bokjeong Station. The order backlog surpassed 100 trillion won for the first time in the firm’s history, up 9.4% YoY, representing about 3.8 years of work.

Cash and cash equivalents, including short‑term financial products, stood at 3.86 trillion won, while the debt‑to‑equity ratio fell to 155.2% and the liquidity ratio rose to 148.2%. The company retains an AA‑ credit rating. Looking ahead, Hyundai plans to expand in sustainable energy, nuclear (including SMR), solar, data‑center, and offshore‑wind projects under its "H‑Road" growth strategy.