Revenue rises 11% year on year to 2.4479 trillion won Boosted by U.S. tariff refunds and lower financial costs Quarterly dividend set at 400 won, strengthening shareholder returns
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Doosan Bobcat delivered better-than-expected results in the second quarter, helped by U.S. tariff refunds and higher product prices.
In a regulatory filing on the 23rd, Doosan Bobcat said it posted preliminary second-quarter 2026 revenue of 2.4479 trillion won and operating profit of 291.7 billion won.That marked increases of 11.2% in revenue and 42.9% in operating profit from a year earlier.
The operating margin reached 11.9%. Net profit jumped 63.9% year on year, driven by higher operating profit and lower financial costs.
In U.S. dollar terms, the company’s functional currency, revenue rose 4% from a year earlier to $1.63 billion, while operating profit increased 34% to $195 million. Even though some shipments were delayed during a system inspection, proactive price increases supported revenue growth.
By product line, revenue from its core compact equipment and industrial vehicle businesses rose 4% and 2%, respectively, in dollar terms. The Portable Power segment rebounded sharply from the previous quarter and returned to year-ago levels. Doosan Mottrol, a hydraulic parts subsidiary, posted 40% revenue growth from a year earlier as sales to major domestic and overseas customers increased broadly.
By region, revenue in North America rose 3% on efficient pricing policies and strong forklift sales. Europe, the Middle East and Africa (EMEA) posted 10% growth, supported by a recovery in compact equipment demand and favorable exchange rates. In contrast, the Asia, Latin America and Oceania (ALA) region saw revenue fall 8%, as weak forklift sales outweighed strong demand in South America and India.
Meanwhile, Doosan Bobcat’s board finalized a second-quarter dividend of 400 won per common share on the same day. In line with its value-up plan, the company is guaranteeing an annual dividend of at least 1,600 won and has made quarterly dividends a regular practice.
This article has been translated by GripLabs Mingo AI.