SAMSUNG E&A

SAMSUNG E&A, a total solutions provider for the global energy industry, announced today through the provisional financial results disclosure for Q1 of 2025, a revenue of KRW 2.1 trillion, operating profit of KRW 157.3 billion, and net profit of KRW 157.2 billion. Revenue, operating profit, and net profit decreased by 12.0%, 24.9%, and 4.2%, respectively, compared to last year. Still, it maintained solid performance at the level of the annual outlook announced at the beginning of the year.

Regarding the performance background, the company explained, “We have maintained a stable profit rate and continued a solid performance flow through profitability-focused cost management,” and “We expect that performance will recover starting in the second half of this year when revenues from the Saudi Arabia Fadhili Gas Plant awarded last year will be fully reflected, making it possible to achieve the annual target.”

In the first quarter, new orders amounted to KRW 2.4 trillion, and the backlog of orders was KRW 21.4 trillion, equivalent to 2 years and 2 months of last year’s revenue, securing abundant work. Major achievements included orders for the UAE Methanol Plant and the UAE Biodegradable Plastic, securing new customers, and making meaningful progress in the Middle East’s first eco-friendly plastic plant market.

In preparation for the future energy market, we acquired shares of Nel, a global hydrogen company that commercialized water electrolysis technology for the first time in the world, and laid the foundation for commercializing hydrogen plants through securing green hydrogen technology. In addition, we plan to accelerate the entry into new products and the development of new markets based on our accumulated technology, experience, and network.

A SAMSUNG E&A spokesperson said, “We plan to continue stable growth by focusing on project management and sound management based on a profitability-centered order strategy,” adding, “We will secure differentiated EPC performance competitiveness through innovative technologies such as modularization, AI, and automation, and actively invest in future new businesses based on energy transition to strengthen the foundation for mid-to-long-term sustainable growth.”