HD Hyundai turns net cash on shipbuilding supercycle

HD Hyundai turned effectively net cash positive by the end of June 2025 as net debt moved into negative territory.

Net debt improved from KRW 6.718 trillion at end-2024 to KRW -1.3403 trillion, and the net debt ratio fell to -3.8%.

More orders for high-value ships and higher vessel prices at affiliates such as HD Korea Shipbuilding boosted operating cash flow.

The lower debt burden and stronger liquidity highlight improved financial stability and greater investment capacity for the group.