Kolon Global's Q3 Operating Profit Rises 23% YoY to KRW 34.2 Billion

Construction Division's Cost Ratio Stands at 87.4%
Growth at High-Tech Project Sites Drives Profitability

Kolon Global said on November 12 that it recorded consolidated revenue of KRW 747.8 billion and operating profit of KRW 34.2 billion in the third quarter of 2026. These figures were up 23.1% and 23.5%, respectively, from a year earlier. Net profit was KRW 9.7 billion, marking a return to profitability.

Kolon Global attributed the improvement in its third-quarter results to “improved cost ratios in the construction division, increased progress at major project sites, and the effects of integrating the Leisure and AM businesses following their merger.”

Exterior of Kolon Global's Gwacheon headquarters. Kolon Global

Kolon Global’s construction division posted operating profit of KRW 31.6 billion, up 21% from a year earlier, helped by an improved cost ratio. The ratio, which had climbed to 96.8% in the fourth quarter of 2025, improved to 89.5% in the first quarter of 2026 and 87.7% in the second quarter, and continued to trend downward in the third quarter.

Revenue in the construction division rose 17.1% year on year to KRW 624.5 billion. The company said, “Expanded progress at major high-tech project sites, including the Korean Air engine maintenance plant and Tokyo Electron Korea, drove the increase in revenue.”

New orders also continued to come in. Kolon Global added KRW 792.1 billion in new orders in the third quarter of 2026, bringing its cumulative total to KRW 1.78 trillion. Major projects awarded included the Ansan Hyundai 1st Apartment Complex (KRW 218.3 billion), the Majang-dong District 3 street housing renewal project (KRW 103.5 billion), construction of ancillary buildings at Samsung Electronics’ Pyeongtaek P5 site (KRW 84.1 billion), and the Hanam Gyosan environmental infrastructure project (KRW 37.4 billion).

The Leisure and AM division contributed to the improved results, supported by stable earnings following the merger of affiliates Kolon LSI and MOD. In the third quarter, the division recorded revenue of KRW 79.4 billion and operating profit of KRW 6.7 billion, up 398% and 646%, respectively, from the same period a year earlier.

Kolon Global’s cash and cash equivalents totaled KRW 318.9 billion at the end of the third quarter, an increase of KRW 117.7 billion from the previous quarter.

A Kolon Global representative said, “Revenue and operating profit both grew as progress at major construction project sites and improvements in the cost ratio continued, alongside the effects of the merger in the Leisure and AM division.” The representative added, “We plan to continue strengthening the competitiveness of each business division and expanding the foundation for stable growth through business operations focused on profitability.”

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