Samsung Heavy Industries Secures KRW 278.4 Billion Order for Two Oil Tankers from Bermuda-Based Owner, Boosting Revenue Outlook

Secured an order for two oil tankers from a Bermuda-based ship owner worth KRW 278.4 billion (based on exchange rate of KRW 1,513.3 per USD at contract date)
Contract value represents 2.6% of 2025 consolidated revenue (KRW 10.65 trillion)
Contract period from May 26, 2026 to March 15, 2028, with delivery subject to construction progress
Payments are to be received according to construction milestones, including advance payments
Order expected to contribute to stable earnings in the shipbuilding division, but limited short-term stock price impact given modest size relative to revenue and market cap
[AI Comprehensive Analysis]This order is a positive signal maintaining Samsung Heavy Industries' order momentum, but its size is only about 1% of market cap, and due to the long-term nature of shipbuilding contracts, it provides limited short-term stock price catalyst. However, it supports mid-to-long-term earnings by securing a stable order backlog.