Driven by stronger shipbuilding revenue and what it described as a healthier profit structure, South Korea’s HJ Shipbuilding and Construction (HJSC) delivered an operating profit increase of more than eight times year-on-year in 2025.
For the full year, the company recorded operating revenue of KRW1,999.7 billion ($1.4 billion), a 6% rise from 2024. Operating profit jumped to KRW67 billion ($46 million), up 824.8% year-on-year from KRW7.2 billion ($4.9 million). Net profit totalled KRW51.4 billion ($35 million), representing an 884.6% increase.
The shift was supported by a recovery in the shipbuilding business. After its share of group revenue slipped to 18% in 2022, the shipbuilding division rebounded as the wider shipbuilding market improved, accounting for nearly half of group revenue by 2025. HJ Shipbuilding and Construction (HJSC) said both revenue performance and profitability dynamics in the shipbuilding operation improved through 2025.
The engineering and construction division also contributed to the year’s momentum, reporting an order value of KRW2,500 billion ($1.7 billion) in 2025, above the company’s annual target.
On profitability, HJ Shipbuilding and Construction (HJSC) said it strengthened margins by applying a selective order strategy aimed at environmentally friendly, high-value-added vessels. As the IMO tightens carbon emissions regulations, the company pointed to rising demand for eco-friendly ship types and said it is concentrating on projects such as methanol-powered containerships, LNG-powered container ships, and LNG bunkering vessels.
