[Edaily Reporter Ham Ji-Hyun ] Daewoo E&C ( DaewooEngineering&Construction(047040)) solidified its financial foundation in the third quarter of this year, with operating profit reaching 183.2 billion won—more than three times the amount recorded last year.

DaewooEngineering&Construction announced on the 27th that its consolidated revenue for the third quarter of this year was 1.8424 trillion won, with operating profit of 183.2 billion won.

Revenue decreased by 7.4% compared to the same period last year (1.9906 trillion won). By business segment, revenue was as follows: △Architecture Division: 1.3001 trillion won; △Civil Engineering Division: 316.1 billion won; △Plant Division: 187.1 billion won; and △Other Consolidated Subsidiaries: 39.1 billion won. Operating profit increased by 223.7% compared to the same period last year (56.6 billion won).

Cumulative revenue for the first three quarters totaled 5.8373 trillion won, a 7.9% decrease compared to the same period last year (6.3406 trillion won), while profitability improved. The cumulative operating profit margin rose by 6.9 percentage points year-over-year to 11.5%. Operating profit reached 671.1 billion won, a 131.3% increase compared to the same period last year (290.1 billion won).

A DaewooEngineering&Construction official explained, “Although revenue declined slightly due to a decrease in the number of active construction sites, cumulative operating profit and the operating profit margin improved as a result of sound management.”

Cumulative new orders for the first three quarters totaled 12.4782 trillion won, an 11.9% increase compared to the same period last year (11.1556 trillion won). In the third quarter, domestic construction projects—including the Cheongna International Business District M5 Block (818.1 billion won), the Shin-Imun Station Area Redevelopment (529.2 billion won), the Seoul Cheonho A1-1 Redevelopment (372.0 billion won), and the Seoul Cheongpa District 1 Redevelopment (355.6 billion won)—drove the company’s performance.

As of the end of the third quarter, the order backlog stood at 54.855 trillion won. This represents approximately 6.8 years’ worth of work relative to annual revenue. Compared to the order backlog as of the end of 2025 (50.5968 trillion won), this represents an 8.4% increase, continuing the upward trend in orders.

DaewooEngineering&Construction plans to continue its strategy of sound management and overseas market expansion to ensure sustained growth despite the downturn in the construction market.

A DaewooEngineering&Construction official stated, “We are on the verge of securing contracts for major large-scale projects, such as the Papua New Guinea LNG CPF (Central Gas Processing Facility) and the Mozambique Rovuma LNG project,” adding, “We will focus our efforts on securing high-quality contracts and managing risks during the remainder of the year to achieve this year’s goals.”