PR
Taihan Achieves Record-High Performance in 2025 with Revenue of KRW 3.6 Trillion and Operating Profit of KRW 128.6 Billion
- Revenue increased by 10.5% year-on-year, operating profit by 11.7%, and net profit by 24.4%, demonstrating balanced and sustained growth
- Fourth-quarter revenue alone exceeded KRW 1 trillion, reflecting tangible results from overseas expansion in the United States, Europe, and other key markets
- Maintained a high-growth trajectory, recording an operating profit CAGR of over 34% since joining the Hoban Group
Taihan has delivered its strongest financial performance on record, underpinned by enhanced global competitiveness.
The company announced on the 6th that, based on its preliminary consolidated results for 2025, it recorded revenue of KRW 3.636 trillion and operating profit of KRW 128.6 billion. These figures represent year-on-year increases of 10.5% and 11.7%, respectively. Net profit for the period reached KRW 92.3 billion, up 24.4% from KRW 74.2 billion in 2024.
Quarterly performance also showed marked improvement. Revenue in the fourth quarter of 2025 exceeded KRW 1 trillion, representing a 21% increase compared to the same period last year, while operating profit surged 99% year-on-year to KRW 43.4 billion.
The record performance was driven primarily by the expansion of overseas operations. Over the past several years, Taihan has steadily strengthened its revenue base by securing numerous extra-high-voltage cable projects in advanced global markets. In particular, the commencement of revenue recognition from high-margin, technologically sophisticated projects awarded in the United States, Europe, and Singapore significantly contributed to earnings growth.
Amid robust conditions in the global power grid market, new order intake has also remained solid. In the fourth quarter alone, the company secured approximately KRW 830 billion in new orders, bringing its order backlog to KRW 3.6633 trillion as of year-end. This represents an increase of roughly 30% compared to the end of 2024 and marks the largest backlog in the company’s history.
Following last year’s strong performance, Taihan continues to demonstrate resilient earnings growth. Since joining the Hoban Group in 2021, the company has maintained a trajectory of simultaneous growth in both revenue and operating profit, supported by enhanced management stability and an improved financial structure. Since 2021, the compound annual growth rates (CAGR) of revenue and operating profit have reached 16.2% and 34.4%, respectively, reflecting both structural improvement and the establishment of a sustainable growth foundation.
On the same day, Taihan held an investor relations (IR) briefing for institutional investors and analysts, during which it presented its fourth-quarter and full-year results, along with key achievements and investment plans. The company also outlined the status of production infrastructure expansion and technological capability enhancement aimed at participating in the “West Coast Energy Highway” project, as well as its strategies for further global business expansion.
A company official stated, “Amid the global trend of increasing investment in power infrastructure, our technological competitiveness is translating into tangible results, enabling us to sustain solid growth.” The official added, “We will continue to expand orders for high value-added products such as HVDC and submarine cables, focusing on markets with growing demand, including the United States and Europe.” The official further emphasized, “Through proactive investment and continuous technological development, we will play a key role in major power infrastructure projects both domestically and overseas, while steadily enhancing corporate value.”
