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Operating profit sees a 29.3% year-on-year rise

Revenue increases 25.4% year-on-year

Order book value climbs to KRW 9 trillion, debt ratio drops back to 147%

"Focused on stable and profitable project acquisitions"

Ssangyong E&C has extended its growth streak, having now recorded three successive years of increased operating profits since joining the Global Sae-A Group.

In a March 31 filing with the Financial Supervisory Service's electronic disclosure system (DART), the company reported consolidated revenue of KRW 1.8717 trillion for 2025, and operating profits of KRW 64.3 billion, up 25.35 percent and 29.32 percent year-on-year, respectively.

Notably, operating profits jumped from KRW 31.8 billion in 2023 to KRW 42.6 billion the following year, and rose again in 2025.

A company spokesperson said, “Since joining the Global Sae-A Group, we have focused on securing stable and profitable projects in both domestic and overseas markets, while implementing rigorous cost management across our operations. These efforts have helped us realize three consecutive years of operating profit growth.”

The company’s debt ratio also improved significantly, falling from 753 percent at the end of 2022 to 146.95 percent by the close of 2025.

“The improvement was supported by the Global Sae-A Group’s KRW 150 billion capital increase in 2023, and the issuance of KRW 50 billion in hybrid capital securities in 2024,” the spokesperson added. “At the same time, growth in quality orders, disciplined project management, and broader operational improvements contributed to stronger business performance.”

Furthermore, the order books recorded a near-50 percent expansion in value between the end of 2022 and 2025, up from KRW 6.335 trillion to KRW 9 trillion. The company’s overseas business also grew, with orders received increasing more than eightfold in the same three-year period, from USD 121 million to USD 650 million.

In January this year, Ssangyong E&C was commissioned for the Avenue Park Towers project, by WASL, a state-owned real estate developer in Dubai, UAE. The contract is valued at approximately USD 250 million (KRW 370 billion) and will see construction of two 43 and 37-story luxury residential towers, on a prime central development site approximately 10 minutes from Dubai International Airport.

These achievements helped Ssangyong E&C to rank first for overseas construction orders last month.
Elsewhere in the construction field, in December 2025 the company completed ASML’s Hwaseong Campus project, valued at approximately KRW 300 billion. Other major assignments, including the 63 Square Exhibition Hall in Yeouido, and the Banyan Tree Hotel restoration project in Busan, were also secured. Furthermore, the company also plans to supply approximately 6,000 apartment units nationwide this year.

In the civil engineering sector, earlier this year Ssangyong E&C secured contracts to deliver two sections of the Southern Inland Railway, valued at approximately KRW 450 billion. The company has also established a dedicated Energy Business Team to expand its presence in the renewable energy sector.

A company spokesperson said, “This year, we will continue to pursue stable business and management strategies while responding proactively to rapidly changing global market conditions.”