GnCenergy Signs 29.7 Billion KRW Contract with Samsung SDS for Gumi AI Data Center Generator Supply, Representing 11.3% of Revenue
GnCenergy has signed a 29.7 billion KRW contract with Samsung SDS for the supply of generators for the Gumi AI Data Center. The contract period runs from July 2026 to May 2029, representing 11.3% of consolidated revenue as of end-2025.
This contract expands the company's generator supply business in line with growing AI data center demand, strengthening growth momentum. Payment terms are 40% first interim, 10% second interim, 40% third interim, and 10% balance.
[AI Summary]The contract with a top-tier counterparty Samsung SDS provides a stable revenue base, and the company is expected to benefit from AI data center market growth. The contract size of 11.3% of revenue is positive for investor sentiment.