Namkwang Selected as Design-Build Qualified Bidder for KRW 404.5 Billion Railway Project, 113% of Annual Sales

Namkwang has been selected as the qualified bidder for the Gangdong-Hanam-Namyangju Line Metropolitan Railway Section 6 construction project.
The estimated contract amount of KRW 404.5 billion represents a 52.63% share of the total project and is 113.15% of the company's 2025 consolidated revenue of KRW 357.4 billion.
This large-scale project is expected to drive long-term revenue growth, and the counterparty is the highly credible Korean government procurement service and Gyeonggi Province.
Risks include that the final contract is not yet signed and may change.
[AI Summary]Namkwang's selection for this KRW 404.5 billion railway project, exceeding its annual sales, secures a major growth engine. The high-credit government counterparty minimizes default risk, supporting long-term earnings improvement.