PR
The Head of Financial Management at Taihan is conducting an investor relations briefing.
Taihan Reports KRW 152.1 Billion in Operating Profit for First Nine Months, Surpassing Last Year’s Full-Year Result
- Nine-month revenue reaches KRW 3,458.4 billion, exceeding 95% of last year’s full-year revenue
- Third-quarter revenue of KRW 1,176.4 billion and operating profit of KRW 30.9 billion mark record third-quarter results
- Order backlog reaches an all-time high of KRW 4.3 trillion, more than four times its level at the end of 2021, the year Taihan joined Hoban Group
- Investor relations briefing highlights commitment to participating in major domestic initiatives, including the Energy Highway project
Taihan continues to deliver record-setting results, supported by orders secured across global markets.
Taihan announced on October 29 through a preliminary earnings disclosure that its consolidated revenue and operating profit for the first nine months of 2026 reached KRW 3,458.4 billion and KRW 152.1 billion, respectively. These figures represent year-on-year increases of 31.7% and 78.6%, respectively, from revenue of KRW 2,626.8 billion and operating profit of KRW 85.2 billion in the same period last year. Within just nine months, operating profit exceeded last year’s full-year result of KRW 128.6 billion by approximately 18%. Revenue also surpassed 95% of last year’s full-year revenue of KRW 3,636.0 billion, underscoring strong growth in both revenue and operating profit.
For the third quarter alone, revenue reached KRW 1,176.4 billion and operating profit totaled KRW 30.9 billion, up 37.6% and 4.5%, respectively, from revenue of KRW 855.0 billion and operating profit of KRW 29.5 billion in the same period last year. Both figures marked the company’s highest third-quarter results since it began reporting consolidated quarterly results under Korean International Financial Reporting Standards (K-IFRS) in 2010.
Quarterly revenue has remained above KRW 1 trillion for four consecutive quarters, beginning with KRW 1,009.2 billion in the fourth quarter of 2025, underscoring the company’s sustained growth momentum.
The company’s order backlog also reached an all-time high of KRW 4,307.3 billion at the end of the third quarter, more than four times its level at the end of 2021, the year Taihan joined Hoban Group. New orders secured during the third quarter totaled KRW 809.0 billion.
Taihan attributed its results to strong performance across its major businesses, including extra-high-voltage (EHV) and submarine cables, industrial wires and cables, and telecommunications cables. In particular, the company identified revenue recognized from previously secured EHV cable projects in key markets, including Europe, North America, and Asia, as a major growth driver.
At an investor relations (IR) briefing held the same day for institutional investors and analysts, Taihan presented its third-quarter results and provided updates on its major business initiatives. The company highlighted recent contract wins in key markets, including the United States, Germany, and Australia, emphasizing its established position as a major supplier in the global power grid market.
Taihan also stated that it would actively pursue new orders by drawing on its long-established technological expertise in high-voltage direct current (HVDC) and submarine cables to meet growing market demand driven by government initiatives, including Korea’s Green Transformation (K-GX) strategy and the West Coast Energy Highway project.
“Expanding investment in power infrastructure worldwide is creating greater growth opportunities in the EHV cable market,” a Taihan spokesperson said. “We will strengthen our competitiveness through our accumulated technological expertise and project execution capabilities, while continuing to invest in and develop technologies for future growth businesses, including submarine cables and HVDC, to expand our global market presence.”
