BHI signs 188.3 billion KRW LNG combined cycle power plant supply contract - secures growth momentum with overseas order equivalent to 24.3% of sales

BHI has signed a 188.3 billion KRW (approx. $125.06 million) contract with Toshiba Plant Systems and Services Corporation for the supply of LNG combined cycle power generation equipment, representing a large-scale order equivalent to 24.3% of its 2025 consolidated sales (774.1 billion KRW).
The contract period runs from May 29, 2026 to April 30, 2033 (approximately 7 years), with advance payment terms and payment due within 30 days of invoice receipt.
This overseas project will be executed through BHI's own production, and the contract amount and period may vary depending on project progress.
[AI Summary]This major LNG power plant order is a positive signal for BHI's overseas business expansion and revenue growth, contributing to increased order backlog and stable cash flow generation. However, given the long-term nature of the contract, investors should consider risks from currency fluctuations and potential construction delays.