SK Oceanplant Q2 2025 Earnings Analysis: Key Takeaways

The key focus of SK Oceanplant’s Q2 2025 earnings call on August 14th is whether the company can overcome the continuous decline in performance seen since 2024. The market is watching closely for signs of recovery in the offshore wind power sector and the results of the company’s efforts to enhance transparency following the amendment of its 2024 business report.

What Happened?

SK Oceanplant has experienced declining sales and operating profits since 2022. The downturn in the offshore wind power sector has been particularly pronounced. However, the company is working to restore investor confidence by strengthening its commitment to disclose contract-related information, as stated in the amended 2024 business report. The order backlog of KRW 1,196,760 million suggests potential future sales growth.

Reasons for the Decline and Potential Turnaround

The global economic downturn and intensified competition in the offshore wind power market are considered the main reasons for the decline in performance. However, the global trend towards ESG management and government support for renewable energy policies are expected to contribute positively to the growth of the offshore wind power market. SK Oceanplant is actively responding to these market changes and aiming for a turnaround.

What Should Investors Pay Attention To?

Investors should carefully review the year-over-year and quarter-over-quarter growth rates of sales and operating profit, the recovery of the offshore wind power business, new order intake, and the company’s strategies to address exchange rate and interest rate volatility.

Investor Action Plan

  • Carefully review the Q2 earnings and management’s outlook.
  • Continuously monitor the growth of the offshore wind power market and changes in the competitive landscape.
  • Make investment decisions based on your investment objectives and risk tolerance.