HL D&I Halla Q1 2026 Revenue Up 18.4% YoY, Operating Margin Improves Slightly


  • Consolidated Q1 2026 revenue: 384.6 billion won (+18.4% YoY), operating profit 19.0 billion won (margin 4.9%), net profit 6.5 billion won (EPS 106 won)
  • Separate revenue 361.4 billion won, operating profit 14.9 billion won, net profit 4.8 billion won
  • Order backlog: 6.02 trillion won (mainly construction), major projects include Southern Inland Railway, Busan Hyundai Outlet, etc.
  • Debt ratio: 260% (up from 240% at end of 2025), interest coverage ratio 1.5x
  • PF contingent liabilities: 637.2 billion won (funding commitment and debt assumption), call option obligation 14.6 billion won (Busan New Port 2nd Hinterland Road)
  • Lawsuits: 20 cases totaling approx. 51.1 billion won (defect repairs and damages)
  • New investments: AI semiconductor Rebellions 10 billion won, construction waste treatment companies
  • Total equity 574.6 billion won, cash and cash equivalents 98.2 billion won

KOSPI Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: HL D&I (014790)
  • Submission: HL D&I
  • Receipt: 05-15-2026