Taihan Cable Posts Record Quarterly Results with Q2 Sales of 1.2 Trillion Won and Operating Profit of 60.8 Billion Won

Sales Up 30.8%, Operating Profit Up 113% Year-on-Year
First-Half Operating Profit Reaches 121.3 Billion Won, Already 94% of Last Year’s Total
Order Backlog Surpasses 4 Trillion Won for the First Time Since Founding

Taihan Cable has achieved its highest-ever quarterly results since its founding, driven by its competitiveness in the extra-high voltage and submarine cable sectors, as well as its global business capabilities.

Taihan Cable is holding a corporate presentation for the second quarter of 2026 on the 30th. Taihan Cable

On the 30th, Taihan Cable announced provisional consolidated earnings, reporting second-quarter sales of 1.1987 trillion won and operating profit of 60.8 billion won for this year. Compared to the same period last year (sales of 916.4 billion won and operating profit of 28.6 billion won), sales increased by 30.8%, while operating profit surged by 113%. Thus, Taihan Cable has proven its ability to achieve both growth and profitability, maintaining quarterly sales in excess of 1 trillion won for the third consecutive quarter after surpassing the 1 trillion won mark for the first time in the fourth quarter of 2025 (1.0092 trillion won).

The company's cumulative sales for the first half of this year reached 2.282 trillion won, with operating profit totaling 121.3 billion won. This represents a sharp increase of 28.8% and 117.8%, respectively, from the same period last year. Notably, first-half operating profit alone already accounts for over 94% of last year’s total annual operating profit (128.6 billion won) in just six months.

This robust performance was driven by increased demand from overseas markets such as North America and Singapore, coupled with rising volumes from major domestic power grid projects. The industrial cable segment also contributed by expanding volumes for plant and infrastructure projects both in Korea and abroad.

Order intake continues to expand. New orders in the second quarter reached 727.2 billion won, and the order backlog at the end of the second quarter exceeded 4 trillion won for the first time in the company's history, totaling 4.0629 trillion won. Taihan Cable stated, "The increase in demand for extra-high voltage cables due to expanded power grid investments at home and abroad, as well as our enhanced competitiveness in the global market, are reflected in these results," and added, "The enlarged order backlog provides a stable sales base to support future earnings growth."

On the same day, Taihan Cable held an investor relations (IR) briefing session for institutional investors and analysts, sharing its competitive strengths in the next-generation power grid market. The company highlighted its success in securing the national core power grid project, the “500-kilovolt (kV) extra-high voltage direct current (HVDC) Donghae–East Seoul Transmission Construction (Stage EP2),” and emphasized its comprehensive business capabilities—from design, production, and testing to installation—across HVDC cable projects.

Taihan Cable has also strengthened its turnkey capability for submarine cables. The company recently added the 11,000-ton class cable-laying vessel (CLV) “Skandi Connector” to its fleet, which now consists of both the Skandi Connector and the existing “PALOS” vessel. This has established the only dedicated CLV fleet in Korea and completed its in-house infrastructure for submarine cable operations.

A company representative stated, “With the proliferation of AI data centers and increased investment in power grids, the extra-high voltage and submarine cable markets are set to enter a full-fledged growth phase. Building on our expanded order backlog, we will continue stable growth while further strengthening our global market position, particularly in high-value-added businesses such as HVDC and submarine cables.”

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