Doosan Engineering & Construction, which boosted profitability through cost improvements and selective order intake, is accelerating qualitative growth with a record-high new order target.
Doosan E&C reported first-quarter 2026 consolidated revenue of 359.4 billion won, operating profit of 29.9 billion won and net profit of 22 billion won, the company said Tuesday. Operating profit jumped 3.6-fold from 8.2 billion won a year earlier to 29.9 billion won, while net profit surged from 4.1 billion won to 22 billion won. The operating margin improved 6.4 percentage points to 8.3% from 1.9% a year earlier. The result reflects cost structure improvements at individual sites and business efficiency gains translating directly into profit. Doosan E&C said it has steadily built a stable profit base through data-driven business feasibility reviews and site-specific risk management. Strengthened cost management and a selective order strategy are driving a profit-centered transformation, the company said.
This earnings trend is supported by sales performance. Even amid deepening polarization in the housing market, Doosan E&C has continued supplying units centered on strategic sites in major regions nationwide, including the Seoul metropolitan area, Yeongnam and Chungcheong. By conducting demand analysis and feasibility reviews on a data-driven basis to select competitive locations, many of these sites recorded early sales completion, demonstrating both brand competitiveness and business viability. As move-ins at sold-out sites proceed smoothly, fund recovery is also picking up pace. The virtuous cycle of sales completion, move-in progress and fund recovery is driving both improved cash flow and stronger financial stability. With profits accumulating and cash circulating, the financial structure is rapidly stabilizing.
The expansion of mid- to long-term growth foundations is also progressing at pace. Doosan E&C has set this year's new order target at 6 trillion won, the highest in the company's history. In the first quarter alone, it secured construction contracts worth 2 trillion won in major regions including Seoul, filling one-third of its annual target. The strategy is to build a stable revenue base going forward by expanding the order backlog centered on premium project sites. The company expects its profitability-focused business operations to extend beyond short-term performance and serve as a mid- to long-term growth driver. A high-quality order backlog also serves as a buffer that reduces volatility in quarterly earnings, the company said.
"Our efforts to strengthen a stable operating base through quality-focused growth centered on profitability and data-driven business management have led to the improved first-quarter results," a Doosan E&C official said. "Going forward, we plan to maintain the trend of improving our financial structure based on selective order intake and stable business operations, and further strengthen our mid- to long-term growth foundations."
