Doosan Enerbility is forecast to achieve moderate growth in Q2, driven by surging power demand from AI data center expansion and the revival of the global nuclear power market. The company's operating profit is projected to reach 278.3 billion KRW, representing a 2.26% year-over-year increase, while revenue is expected to grow 2.1% to 4.665 trillion KRW, according to a consensus compiled by Yonhap Infomax from six major domestic securities firms' forecasts submitted within the past two months. This growth stems from the company's strategic shift from coal and conventional plant-focused operations to a diversified portfolio centered on nuclear power and turbines.
Securities Firms Project Q2 Operating Profit at 278.3 Billion KRW
Yonhap Infomax aggregated Q2 performance forecasts from six domestic securities firms submitted within two months, projecting Doosan Enerbility's consolidated operating profit at 278.3 billion KRW, up 2.26% year-over-year. Revenue is forecast at 4.665 trillion KRW, marking 2.1% growth. The Enerbility division's Q2 revenue is analyzed to exceed 2 trillion KRW by NH Investment & Securities and others, with operating profit expected at 131 billion KRW, a 42% increase from the previous year.
![Doosan Enerbility Q2 Consolidated Performance Consensus]()
Doosan Enerbility Q2 Consolidated Performance Consensus [Source: Yonhap Infomax Screen No. 8031]
Q2 new orders are forecast at approximately 2.3 trillion KRW. This includes four North America-bound steam turbines and overseas EPC project orders, though the total is expected to decrease from Q1 due to the absence of large-scale equipment orders.
Nuclear and Gas Turbine Businesses Drive Revenue Growth
Revenue recognition from the Czech Dukovany nuclear plant main equipment, turbine, and generator orders is gradually beginning, with the nuclear business expected to lead external growth. Gas turbine orders have also increased actively due to exploding power demand from AI data center expansion.
Doosan Enerbility secured 10 gas turbine orders in Q1, including seven units for North American data centers. This represents rapid growth compared to three units in 2024 and eight units in 2025. The gas turbine installation target for 2034 has been raised from 78 units to 110 units, with additional orders anticipated within the year.
![Steam Turbine Manufactured by Doosan Enerbility]()
Steam Turbine Manufactured by Doosan Enerbility [Source: Doosan Enerbility]
Company Plans SMR Manufacturing Facility Groundbreaking in H2
Doosan Enerbility is scheduled to break ground on an SMR-dedicated manufacturing facility in H2. The company expects mid-to-long-term order expansion as global SMR market developments include TerraPower's construction permit approval and X-energy's Nasdaq listing.
Vietnam nuclear plant partner selection and a National Assembly report on US investment projects are scheduled for Q3. Kiwoom Securities analyst Jo Jae-won stated, "Korean nuclear plant order opportunities are gradually expanding both domestically and internationally," adding, "The 12th Basic Plan for Long-term Electricity Supply and Demand is likely to include new nuclear plant construction plans, creating demand for 4-6 additional plants in the domestic market alone, which was not anticipated until the end of last year."
FAQ
What is Doosan Enerbility's projected Q2 operating profit?
Doosan Enerbility's Q2 consolidated operating profit is forecast at 278.3 billion KRW, representing a 2.26% year-over-year increase, according to a consensus from six domestic securities firms compiled by Yonhap Infomax.
How many gas turbines did Doosan Enerbility order in Q1?
Doosan Enerbility secured 10 gas turbine orders in Q1, including seven units destined for North American data centers, compared to three units in 2024 and eight units in 2025.
When will Doosan Enerbility begin construction on its SMR manufacturing facility?
Doosan Enerbility is scheduled to break ground on a small modular reactor (SMR) dedicated manufacturing facility in the second half of the year.
