GnCenergy Signs 38.16 Billion KRW Generator Supply Contract with LG U+ Boosting Revenue Outlook
GnCenergy has entered into a generator supply contract with LG U+ for the Paju Center Phase 2. The contract amount is 38.16 billion KRW excluding VAT, representing 14.5% of its latest consolidated revenue of 262.63 billion KRW, a significant order.
The contract period runs from June 2026 to March 2028 with payment terms of 90% progress payment and 10% balance, ensuring stable cash flow.
This contract with LG U+, a top-tier telecom with high creditworthiness, strengthens revenue growth prospects and is expected to positively impact earnings.
[AI Summary]GnCenergy secures a major generator supply contract with LG U+ driving revenue growth post-2026. While the contract size is modest relative to market cap, stable cash flows and new order expectations provide a positive outlook for the stock price.