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HJ Heavy Industries (097230.KS) Q1 2026: Operating Profit Surges 4.5x to ₩24.6B on Defense Ships, ₩335B Debt Due June

Jul 14, 2026

HJ Heavy Industries (097230.KS) reported first-quarter 2026 consolidated revenue of ₩541.4 billion (+32.0% year-over-year) and operating profit of ₩24.6 billion (+351.4%), driven by defense and special-purpose shipbuilding, with ₩335.1 billion in creditor-bank covenant debt maturing on June 30, 2026.

Defense and special-purpose shipbuilding has lifted HJ Heavy Industries out of near-breakeven territory — but the refinancing of ₩335.1 billion in creditor-bank covenant debt by June 30 remains the gate that separates a recovery thesis from a confirmed one.

Source: Quarterly Report (FY2026, Q1 2026) — Filed May 15, 2026 with DART | Consolidated Financial Statements | Unit: ₩ billions

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“HJ Heavy Industries (097230.KS) Q1 2026: Operating Profit Surges 4.5x to ₩24.6B on Defense Ships, ₩335B Debt Due June”

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HJ Heavy Industries (097230.KS) Q1 2026: Operating Profit Surges 4.5x to ₩24.6B on Defense Ships, ₩335B Debt Due June

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