Doosan Enerbility Sees 16% Rise in Q2 Operating Profit on Growth of Gas Turbine and Nuclear Power Businesses

Operating Profit Reaches 314.3 Billion Won
Exceeds Market Expectations by 16%
Secures 7.1 Trillion Won in Orders in the First Half

Doosan Enerbility exceeded market expectations in the second quarter of this year, driven by the growth of its gas turbine and nuclear power businesses.

Doosan Enerbility CI.

According to a public filing on July 27, Doosan Enerbility posted preliminary consolidated sales of 4.7248 trillion won and an operating profit of 314.3 billion won for the second quarter of this year. Compared to the same period last year, sales grew by 3.0% and operating profit increased by 16.0%. Net profit was 226.4 billion won, up 14.0%.

For the first half of the year, cumulative sales reached 8.9859 trillion won and operating profit stood at 547.8 billion won, representing increases of 8.0% and 32.4%, respectively, compared to the first half of the previous year. Net profit was 286.6 billion won, an increase of 109.9 billion won. This improvement in profitability was attributed to the Enerbility division's project progress outpacing plans, the positive effect of Doosan Bobcat's pricing policy, and tariff refunds being reflected.

The Enerbility division continued its growth momentum, supported by domestic and overseas gas turbine contracts and the expansion of combined cycle power plant projects. In the first half, cumulative orders reached 7.1225 trillion won, up 89.6% from the same period last year, while the order backlog expanded to 26.3509 trillion won.

Major orders included a contract to supply seven gas turbines to a U.S. company, the second phase of the Zafura Combined Heat and Power Plant in Saudi Arabia, the Dukum Combined Cycle Power Plant project in Oman, and a long-term service agreement for gas turbines with Korea Southern Power. The company is carrying out key projects such as the construction of a nuclear power plant in the Czech Republic and signing of equipment contracts for Small Modular Reactors (SMR). Doosan Enerbility expects to achieve its annual order target of 13.3 trillion won this year.

For the second half of the year, Doosan Enerbility plans to drive growth through the expansion of large-scale nuclear power and SMR businesses, as well as greater demand for gas turbines due to increased global investment in artificial intelligence (AI) data centers. The company aims to ramp up participation in major projects such as large-scale nuclear power plants including the Czech Republic project, the U.S. AP1000 initiative, and global SMR projects, while also strengthening its gas turbine supply in response to rising power needs of AI data centers.

This content was produced with the assistance of AI translation services.