GS Engineering & Construction (006360) Q4 2025 earnings summary

Executive summary

• 2025 new orders reached 19.2 trillion KRW, 134.3% of guidance, despite a 1.2% YoY decrease in Q4 new orders.

• 2025 revenue was 12.5 trillion KRW, down 3.2% YoY; Q4 revenue fell 11.9% YoY to 3.0 trillion KRW.

• Operating profit for 2025 rose 53.1% YoY to 437.8 billion KRW; Q4 operating profit increased 41.5% YoY to 56.9 billion KRW.

Financial highlights

• 2025 cumulative new orders: 19.2 trillion KRW (3.5% YoY decrease).

• 2025 cumulative revenue: 12.45 trillion KRW (3.2% YoY decrease).

• 2025 cumulative operating profit: 437.8 billion KRW (53.1% YoY increase).

• 2025 cumulative pre-tax profit: 147.3 billion KRW (66.6% YoY decrease).

• 2025 net income: 93.4 billion KRW.

Outlook and guidance

• 2026 new order guidance: 17.8 trillion KRW, down from 19.2 trillion KRW in 2025.

• 2026 revenue guidance: 11.5 trillion KRW, down from 12.45 trillion KRW in 2025.