PR
Taihan Achieves Record-High First-Half Revenue of KRW 1.77 Trillion
- Q2 Sales Surpass KRW 900 Billion; Order Backlog Hits All-Time High of KRW 2.9 Trillion
- Three Consecutive Quarters of Revenue and Operating Profit Growth Since Q4 2024
- High-Voltage Projects and Overseas Subsidiaries Drive Strong Performance
- IR Session Highlights Submarine Cable Business Strategy and Global Competitiveness
Taihan has recorded its highest-ever
first-half revenue, exceeding KRW 1.77 trillion.
According to a provisional earnings
disclosure on July 31, Taihan has posted KRW 1.7718 trillion in consolidated
revenue and KRW 55.7 billion in operating profit for the first half of 2025.
This represents a 7.2% increase from KRW 1.6529 trillion in the same period
last year, setting a new performance record in the company’s history.
In the second quarter, Taihan recorded KRW
916.4 billion in revenue and KRW 28.6 billion in operating profit, reflecting
quarter-on-quarter growth of 7.1% and 5.4%, respectively. This marks the third
consecutive quarter of simultaneous revenue and operating profit growth since
Q4 2024, indicating continued positive momentum. Notably, quarterly sales
surpassed KRW 900 billion for the first time in nearly 15 years, since Q3 2010.
The company attributed its robust
performance to increased new orders and project revenue realization in global
markets. Taihan secured multiple high-voltage cable projects across key
regions, including Europe, the United States, and Asia, with an order backlog
reaching a historic high of approximately KRW 2.9 trillion at the end of the
first half.
Revenue from overseas subsidiaries also
played a significant role in driving growth. Sales at European
subsidiaries—particularly in Germany and the Netherlands—as well as production
subsidiaries such as M-TEC in South Africa, increased notably compared to the
previous year.
On the same day, Taihan held an Investor
Relations (IR) session for institutional investors and analysts, providing
updates on its Q2 performance and key business issues. The company underscored
its global competitiveness in the submarine cable sector and announced it is
actively preparing to participate in major domestic and international projects,
including the West Coast Energy Highway. Taihan also stated that it is
thoroughly reviewing strategies to minimize the impact of U.S. tariffs.
A Taihan spokesperson commented, “Driven by strong global demand for power infrastructure investments and the replacement of aging grids, we will continue to strengthen our competitiveness in high-value-added products such as submarine and HVDC cables. Through ongoing performance improvements and active investor communication, we aim to enhance corporate value and reinforce our position as a global leader in the power infrastructure market.”
