HD Hyundai Heavy Industries Signs 360.7 Billion KRW Contract for Two VLGCs with European Shipping Company, Strengthening Future Revenue Base

HD Hyundai Heavy Industries has signed a contract with a European shipping company for the construction of two VLGC vessels worth 360.7 billion KRW.
This voluntary disclosure reflects normal order-taking activities in the shipbuilding division, with the contract value representing 2.05% of 2025 consolidated revenue.
The contract period runs from 2026 to 2029 with milestone payments, ensuring steady revenue contribution.
No capital changes or shareholder return policy adjustments are involved.
[AI Summary]This contract is a positive signal of expanding orders in the core shipbuilding business without capital dilution. The counterparty is a credible European shipping company, minimizing governance risk. While the contract size is modest relative to revenue, it enhances revenue visibility and supports a stable stock price outlook.