439260 - Daehan Shipbuilding Co., Ltd.

439260 Summary

Shipbuilding

Stock Price & Overview

₩46,950 +350 (+0.75%) Close · Sep 4, 2026 KST

KOSPI | ₩KRW | Close: ₩46,950 ≈ US$34 · Market cap ₩1.8tn (≈ $1.3bn)

439260 Financial Statements

Breakdown ₩ tn	FY2025	FY2024	FY2023
Total Revenue	1.23	1.08	0.82
Cost of Revenue	0.91	0.90	0.76
Gross Profit	0.32	0.18	0.05
Selling, General & Administrative	0.03	0.02	0.02
Operating Income	0.29	0.16	0.04
Finance Income	0.04	0.02	0.01
Finance Costs	0.02	0.19	0.05
Pretax Income	0.31	0.16	0.03
Income Tax Expense	0.06	-0.02	-0.01
Net Income	0.25	0.17	0.04
Total Comprehensive Income	0.25	0.17	0.04

Breakdown ₩ tn	FY2025	FY2024	FY2023
Total Assets	1.54	1.35	0.81
Current Assets	1.12	0.90	0.43
Cash & Cash Equivalents	0.22	0.31	0.07
Inventories	0.04	0.03	0.04
Trade Receivables	0.10	0.03	0.00
Non-current Assets	0.41	0.45	0.39
Property, Plant & Equipment	0.35	0.35	0.36
Intangible Assets	0.00	0.00	0.00
Total Liabilities	0.45	0.90	0.64
Current Liabilities	0.41	0.83	0.47
Non-current Liabilities	0.04	0.06	0.17
Total Equity	1.09	0.45	0.17
Share Capital	0.19	0.15	0.05
Retained Earnings	0.46	0.21	0.04

Breakdown ₩ bn	FY2025	FY2024	FY2023
Cash from Operating Activities	162.0	158.3	-110.3
Cash from Investing Activities	-325.9	-4.7	24.6
Purchase of Property, Plant & Equipment	8.8	5.6	18.1
Cash from Financing Activities	67.6	78.3	127.0
Net Change in Cash	-99.0	245.9	40.5

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2
Total Revenue	354.4	308.3	350.4	274.0	296.0
Cost of Revenue	251.6	217.5	246.3	201.0	226.7
Gross Profit	102.9	90.8	104.1	73.0	69.3
Selling, General & Administrative	7.6	8.1	8.8	6.5	6.9
Operating Income	95.2	82.6	95.3	66.5	62.5
Finance Income	8.2	12.1	-15.4	-32.2	76.8
Finance Costs	33.6	57.8	6.8	-3.1	9.9
Pretax Income	103.9	102.0	106.1	80.8	53.0
Income Tax Expense	25.2	24.6	27.4	15.0	9.4
Net Income	78.7	77.4	78.7	65.8	43.7
Total Comprehensive Income	78.7	77.4	77.9	65.8	43.7

Breakdown ₩ tn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2
Total Assets	1.76	1.64	1.54	1.43	1.21
Current Assets	1.20	1.22	1.12	1.05	0.83
Cash & Cash Equivalents	0.33	0.29	0.22	0.30	0.38
Inventories	0.04	0.05	0.04	0.03	0.02
Trade Receivables	0.10	0.09	0.10	0.09	0.08
Non-current Assets	0.57	0.42	0.41	0.38	0.39
Property, Plant & Equipment	0.35	0.35	0.35	0.35	0.35
Intangible Assets	0.01	0.01	0.00	0.00	0.00
Total Liabilities	0.56	0.51	0.45	0.41	0.66
Current Liabilities	0.51	0.46	0.41	0.38	0.63
Non-current Liabilities	0.05	0.05	0.04	0.03	0.03
Total Equity	1.20	1.13	1.09	1.02	0.56
Share Capital	0.19	0.19	0.19	0.19	0.15
Retained Earnings	0.57	0.53	0.46	0.38	0.32

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2
Cash from Operating Activities	169.9	118.1	-13.1	-1.0	—
Cash from Investing Activities	-111.8	-24.9	-47.4	-273.5	—
Purchase of Property, Plant & Equipment	6.4	2.1	1.9	3.5	—
Cash from Financing Activities	-24.8	-24.9	-23.7	188.3	—
Net Change in Cash	35.8	74.8	-81.6	-79.5	—

Consolidated (CFS), from DART. 3 fiscal years and 5 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

439260 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	1,228.1	+14.2%	—	—	—
Operating income	294.1	+86.1%	—	—	—
Net income	248.8	+44.1%	—	—	—
EPS	₩6,531	+44.1%	—	—	—
Operating cash flow	162.0	+2.3%	—	—	—
Shareholders' equity	1,092.4	+140.9%	—	—	—

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

439260 Profitability

Ratio	FY2025	FY2024	FY2023
Gross margin	26.2%	16.8%	6.7%
Operating margin	23.9%	14.7%	4.4%
Net margin	20.3%	16.1%	4.7%
Return on equity	32.2%	55.3%	22.3%
Return on assets	17.2%	16.0%	4.7%
Operating cash flow / revenue	13.2%	14.7%	-13.5%
Capex / revenue	0.7%	0.5%	2.2%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.