SEBO Mfg Engineering Increases Cheongju Equipment Construction Contract with SK EcoPlant by 6.8% via Amendment

SEBO Mfg Engineering amended the finalized amount of the Cheongju Equipment Construction 2 contract from KRW 83.2 billion to KRW 90.0 billion, an increase of approximately KRW 6.7 billion or 8.1% compared to the original contract.
The counterparty is SK EcoPlant, a major domestic construction company with low credit risk. The contract runs from September 2025 to September 2026.
This increase is likely due to additional work scope and represents 11.4% of SEBO's 2024 consolidated revenue of KRW 788.8 billion, a meaningful portion.
[AI Summary]The contract value increase is positive for profitability but has limited immediate impact on the stock price. The stable relationship with SK EcoPlant reinforces the order pipeline.