HD Hyundai Marine Solution posts 24.1% revenue growth in Q2 2026

Balanced gains in ship maintenance, eco-friendly retrofitting, digital solutions and bunkering lifted second-quarter earnings, while the company targets data center power engines and floating data center conversions as new growth drivers.

Summary

HD Hyundai Marine Solution reported stronger second-quarter 2026 earnings, with consolidated revenue rising 24.1% year over year to ₩580.4 billion and operating profit increasing 17.6% to ₩97.6 billion, for an operating margin of 16.8%. Growth was driven by its core ship parts and services, eco-friendly retrofitting and digital solutions businesses, which together generated ₩356.7 billion in revenue, up 25.2%, while bunkering revenue rose 22.3% to ₩223.7 billion. The company said it plans to expand into data center power generation engines and floating data center conversions amid rising electricity demand linked to artificial intelligence.

Terms & Concepts
  • eco-friendly retrofitting: Upgrading existing vessels with cleaner technology and carbon-reduction equipment
  • ballast water treatment systems: Equipment that treats discharged ballast water to meet environmental rules
  • shaft generators: Ship systems that generate electricity from shaft rotation