Hanwha Engine Increases Ship Engine Supply Contract to 479.8 Billion KRW via Amendment, Up 10.6%

Hanwha Engine submitted an amendment on July 8, 2026 to its ship engine supply contract originally signed in January 2026, increasing the contract amount and extending the period.
The revised contract value rose from 433.9 billion KRW to 479.8 billion KRW, a 10.6% increase representing 39.9% of 2024 annual revenue.
The contract term was extended by three months to September 27, 2029, with payment terms of 20% upfront and 80% upon delivery.
The absolute increase of approximately 45.8 billion KRW is 1.1% of market cap, a material positive signal for future revenue growth.
The counterparty remains undisclosed for business secrecy, with a disclosure deferral until January 2027.
[AI Summary]Hanwha Engine's contract amendment expands supply scale, boosting revenue growth expectations. The increase is 1.1% of market cap, meaningful for order backlog. However, undisclosed counterparty and deferral conditions introduce some uncertainty.