DL E&C Co., Ltd. financial statements, 5 years: Revenue went from KRW 7.63tn to KRW 7.40tn and fell 3.0%
Consolidated financial statements for 2021–2025 and the 2026 half-year report that DL E&C Co., Ltd. filed with DART, laid out by year. No interpretation or outlook.
DL E&C Co., Ltd. financial statements, 5 years: Revenue went from KRW 7.63tn to KRW 7.40tn and fell 3.0%
The consolidated financial statements in the 2021–2025 annual reports that DL E&C Co., Ltd. (375500) filed with Korea’s DART electronic disclosure system, laid out by year. Figures from the 2026 half-year report cover a different period and are shown separately. Every figure below is taken as filed in the DART submissions; there is no interpretation or outlook. Amounts are in Korean won (KRW; bn = billion, tn = trillion).
1. Income statement — revenue peaked in 2024
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2021 | 7.63tn | — | 957.3bn | — | 12.5% | 635.8bn |
| 2022 | 7.50tn | −1.77% | 497.0bn | −48.08% | 6.6% | 431.6bn |
| 2023 | 7.99tn | +6.59% | 330.7bn | −33.46% | 4.1% | 202.2bn |
| 2024 | 8.32tn | +4.10% | 270.9bn | −18.06% | 3.3% | 229.2bn |
| 2025 | 7.40tn | −11.01% | 387.0bn | +42.82% | 5.2% | 370.2bn |
Revenue was largest in 2024 at KRW 8.32tn and smallest in 2025 at KRW 7.40tn among the five years. It fell from the previous year twice: 2022 (−1.77%), 2025 (−11.01%).
Operating income was largest in 2021 at KRW 957.3bn and smallest in 2024 at KRW 270.9bn. The operating margin was highest in 2021 at 12.5%.
Net income was largest in 2021 at KRW 635.8bn and smallest in 2023 at KRW 202.2bn.
2. Financial position — equity became 1.17x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2021 | 8.70tn | 4.50tn | 93.5% | 170.7% |
| 2022 | 8.97tn | 4.69tn | 91.3% | 168.3% |
| 2023 | 9.34tn | 4.77tn | 95.9% | 154.3% |
| 2024 | 9.71tn | 4.85tn | 100.4% | 155.8% |
| 2025 | 9.67tn | 5.24tn | 84.4% | 151.2% |
The debt ratio was highest in 2024 at 100.4% and lowest in 2025 at 84.4%.
Over the same period total assets went from KRW 8.70tn to KRW 9.67tn (1.11x), and total equity went from KRW 4.50tn to KRW 5.24tn and became 1.17x.
The current ratio was above 100% in all five years, ranging from 151.2% to 170.7%.
3. Cash flow — positive in all five years
| Fiscal year | Operating cash flow | Net income | Operating CF ÷ net income | ROE |
|---|---|---|---|---|
| 2021 | 580.4bn | 635.8bn | 0.91x | 14.1% |
| 2022 | 152.0bn | 431.6bn | 0.35x | 9.2% |
| 2023 | 231.3bn | 202.2bn | 1.14x | 4.2% |
| 2024 | 187.9bn | 229.2bn | 0.82x | 4.7% |
| 2025 | 232.1bn | 370.2bn | 0.63x | 7.1% |
Operating cash flow was positive in all five years. It was largest in 2021 at KRW 580.4bn and smallest in 2022 at KRW 152.0bn.
ROE was highest in 2021 at 14.1% and lowest in 2023 at 4.2%.
4. Latest half-year report (end of H1, 6th fiscal period, consolidated basis)
The period differs, so these figures cannot be compared directly with the annual tables above. Only cumulative figures for the same period of the previous year are compared.
| Item | 2026 cumulative | Same period last year | Change |
|---|---|---|---|
| Revenue | 3.53tn | 3.80tn | −7.14% |
| Operating income | 316.8bn | 207.2bn | +52.91% |
| Net income | 289.9bn | 38.5bn | +652.16% |
| Finance income | 99.7bn | 67.3bn | +48.18% |
| Operating cash flow | 204.2bn | — | — |
At the end of the period, total assets were KRW 10.25tn, total liabilities KRW 4.75tn and total equity KRW 5.50tn.
The cumulative operating margin was 9.0%.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: DL, stake 23.15%
- Cash dividend per share KRW 890, payout ratio 10.05%, dividend yield 1.76%
- Employees: 4,742, average pay per employee KRW 98m
How to read this
This page lays out the filed figures by year and nothing more. Financial statements do not say why the numbers moved, so neither do we.
The order of publication follows revenue in the latest fiscal year and has nothing to do with the content.
To check the same figures, search for the company on DART and open the consolidated financial statements in its annual reports. Every number here was computed from the 2021–2025 annual reports and the interim report downloaded through the OpenDART API on 2026-10-25; ratios divide the filed account amounts.
This article is for information only and is not investment advice.