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DL E&C Reports Q1 2025 Results: KRW 1.81 Trillion in Revenue, KRW 81 Billion in Operating Profit, KRW 1.5265 Trillion in New Orders
DATE 2025.04.29
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DL E&C Reports Q1 2025 Results:
KRW 1.81 Trillion in Revenue, KRW 81 Billion in Operating Profit, KRW 1.5265 Trillion in New Orders

KRW 1.81 Trillion in Revenue, KRW 81 Billion in Operating Profit, KRW 1.5265 Trillion in New Orders

- Operating profit up 33% YoY; operating margin improves by 1.3 percentage points
- Profitability trend outpaces industry-wide slowdown in construction sector
- Maintains solid financial structure with KRW 2.1263 trillion in cash and equivalents, and KRW 1.0202 trillion in net cash
- Outlook strengthened by rigorous risk management and profit-driven project portfolio
DL E&C announced on April 29 its preliminary consolidated results for the first quarter of 2025, reporting revenue of KRW 1.8082 trillion, operating profit of KRW 81 billion, and new orders totaling KRW 1.5265 trillion.
Despite a continued downturn in the real estate and construction sectors, the company achieved early profitability gains and recovery momentum, supported by strong risk management capabilities.
New orders in the first quarter included KRW 1.0463 trillion from the housing division, KRW 166.0 billion from civil engineering, and KRW 103.2 billion from the plant business. DL Construction, a subsidiary of DL E&C, recorded KRW 211.0 billion in new orders.
DL E&C continues to pursue a selective bidding strategy focused on profitability, supported by a well-balanced business portfolio across housing, civil engineering, and plant segments.
The housing division stood out in the first quarter, driven by several major redevelopment project wins.
Key orders included KRW 311.7 billion for the Sujin 1 District redevelopment in Seongnam, KRW 288.5 billion for the Sillim 1 District redevelopment, and KRW 217.3 billion for the Samsung 1 District redevelopment in Daejeon
DL E&C’s cost ratio—a key indicator directly linked to profitability—has shown steady improvement since the second half of last year.
In Q1 2025, the consolidated cost ratio was 89.3%, marking the third consecutive quarter below the 90% threshold.
Despite a challenging market environment and industry-wide margin pressures, the company maintained stability through efficient project management and proactive risk mitigation.
The housing division, in particular, contributed significantly to company-wide profitability, with its cost ratio improving to 90.7% in Q1, down from 93.0% a year earlier.
DL E&C, known for maintaining one of the most stable financial positions in the construction sector, continued to show solid financial performance in Q1.
As of the end of Q1 2025, the consolidated debt-to-equity ratio stood at 102.8%, and the debt ratio was a low 11%.
As of the end of Q1 2025, the consolidated debt-to-equity ratio stood at 102.8%, and the debt ratio was a low 11%.
Cash and cash equivalents increased by KRW 55.2 billion from the end of 2024 to KRW 2.1263 trillion, while net cash rose by KRW 26.2 billion to KRW 1.0202 trillion—maintaining one of the most stable financial positions among Korea’s leading construction firms.
Even as some major industry players have faced credit rating downgrades, DL E&C has retained its ‘AA–’ credit rating for six consecutive years—the highest rating in the construction sector.
A DL E&C representative stated, “Although economic uncertainty continues to intensify both at home and abroad, we are doing everything we can to navigate the current industry downturn.”
“By maintaining rigorous risk management and a solid financial foundation, we plan to continue securing high-quality, profit-oriented orders and further build on the positive earnings momentum seen in the first quarter.”