[Edaily Reporter Ham Ji-Hyun ] DL E&C CO., LTD.(375500)’s third-quarter revenue and operating profit both declined this year. However, on a cumulative basis, operating profit has already surpassed last year’s full-year level, and new order intake reached the 7.2 trillion won range.

DL E&C CO., LTD. announced on the 30th that its consolidated revenue for the third quarter of this year was 1.5065 trillion won, a 21% decrease from the same period last year, while operating profit fell 8.1% to 107.3 billion won. The company posted a net loss of 26.7 billion won, marking a shift into the red. New orders totaled 1.9617 trillion won.

Third-quarter operating profit decreased year-over-year as additional costs resulting from the extension of the Shahin Project’s construction schedule and emergency construction work were reflected in the total estimated cost. DL E&C CO., LTD. plans to continue monitoring cost fluctuation factors based on construction progress and transparently reflect related costs in accordance with cost management standards, focusing on managing business risks.

On a cumulative basis through the third quarter, the company reported revenue of 5.0347 trillion won, operating profit of 424.1 billion won, and new orders totaling 7.2154 trillion won. Cumulative operating profit increased by 30.9% compared to the same period last year, already surpassing last year’s full-year operating profit of 387 billion won. The value of new orders rose by 31% compared to the same period last year.

The third-quarter operating profit margin stood at 7.1%, up 1.0 percentage points from the same period last year (6.1%). The cumulative operating profit margin rose 2.7 percentage points year-over-year to 8.4%. The company analyzed that “this reflects the stabilization of cost ratios in the housing business, as well as efforts in cost management and structural improvements.”

DL E&C CO., LTD. explained that it is maintaining a selective order-winning strategy focused on strengthening its fundamentals by thoroughly reviewing profitability and business stability from the early stages of a project, rather than pursuing revenue growth through short-term expansion of order volume.

The housing business continues to secure major contracts based on its differentiated brand competitiveness and project execution capabilities. This year, the company secured the construction contract for the Mok-dong 6th District redevelopment project and is currently undergoing direct contracting procedures for large-scale urban renewal projects such as the Seongsu 2nd District (2.0137 trillion won) and the Ha-an Jugong 9th District (930.9 billion won). Additionally, it submitted a sole bid for the Jungdong Station West Side project (759.5 billion won), a mixed-use urban public housing development, and is expected to secure the contract in the second half of the year.

The company is also expanding business opportunities in future growth sectors, including North American energy infrastructure, small modular reactors (SMRs), and data centers.

In North America, the company is preparing to bid on gas-fired power generation projects being pursued by private and public clients in Canada, while also seeking contract opportunities in gas-fired power generation, LNG, and energy infrastructure projects in the United States.

In the SMR sector, the company is expanding its strategic partnership with X-Energy, a leader in the commercialization of next-generation nuclear power technology, while also receiving successive collaboration proposals from major U.S. nuclear power technology firms. It is also on the verge of signing a design contract for a demonstration reactor project aimed at improving the performance and verifying the commercial viability of existing nuclear power technology; based on this, the company plans to expand its business scope across the entire spectrum of next-generation and innovative nuclear power technologies. In the data center sector, the company is pursuing new contracts based on a project pipeline worth approximately 2 trillion won, including projects in Hanam, Bucheon Naedong, and Dangjin.

As of the end of the third quarter, DL E&C CO., LTD. reported net cash of 1.1238 trillion won and a debt-to-equity ratio of 79%. The company stated, “We are maintaining industry-leading financial stability,” adding, “Our strategy is to actively respond to uncertainties in the construction market and project risks based on our stable net cash structure and financial soundness.”