Driven by increased revenue from its shipbuilding business in the first half of 2026 and steady operations in its construction business, HJ Heavy Industries’ performance has gradually improved. In particular, the shipbuilding sector—with an operating profit of KRW 81.7 billion (approximately $59 million)—served as the primary driver of the company’s overall profitability.
According to HJ Heavy Industries’ consolidated financial statements for the first half of 2026, the shipbuilder recorded operating revenue of KRW 1.2713 trillion (approximately $911 million) for the period, a year-on-year increase of 38.5%. Operating profit stood at KRW 89.4 billion (approximately $64 million), representing a more than eightfold year-on-year rise, while net profit reached KRW 88.1 billion (approximately $63 million)—marking a turnaround from the net loss of KRW 1.1 billion recorded in the same period last year.
HJ Heavy Industries stated that the improvement in performance during the reporting period was primarily driven by strong growth momentum in its shipbuilding division. With the full-scale advancement of construction on eco-friendly, high-value-added commercial vessels—such as container ships—and the realization of profitability in specialized vessel segments (including defense-related ships), the company achieved growth in both revenue and operating profit within its shipbuilding business.
Specifically, in the first half of 2026, HJ Heavy Industries’ shipbuilding business achieved operating income of 678.6 billion won, a year-on-year increase of 75.5% (KRW 386.6 billion); operating profit reached KRW 81.7 billion, accounting for the majority of the company’s overall operating profit, leading to good overall performance in the first half of the year; the construction business still maintained a profitable trend despite rising raw material prices and other cost pressures, with operating income and operating profit of 584.4 billion won and KRW 7.8 billion respectively.
Data shows that in the first half of 2026, HJ Heavy Industries publicly announced orders for only four new vessels—specifically, four 11,000 TEU-class container ships commissioned by a European shipowner, with a unit price exceeding $120 million. Notably, this order holds significant importance for the company, as it marks the first time its primary shipbuilding facility, the Yeongdo Shipyard in Busan, will construct large container ships with a capacity exceeding 10,000 TEU.