What happened
LS Marine Solution disclosed a supply contract with Hanwha Ocean, worth US$114M, about 64.2% of its recent annual revenue, running through Sep 2028.
For context, this single contract equals about 64.2% of the company's most recent annual revenue.
| Counterparty | Hanwha Ocean |
|---|---|
| Contract value | US$114M |
| vs. recent revenue | 64.2% |
| Through | Sep 2028 (from Sep 2026) |
| Filed | 2026-09-18, Supply contract signed |
| Source | DART rcept 20260918900068 → open original filing |
Read the full filing in English
LS Marine Solution / Conclusion of Exclusive Sales and Supply Contract / (2026.09.18)
Conclusion of Exclusive Sales and Supply Contract
1. Sales and Supply Contract Details Transportation and Installation (T&I) of submarine cables for the Sinan Ui Offshore Wind Power Generation Project
2. Contract Details Conditional Contract Status: Not applicable Confirmed Contract Amount: 156,900,000,000 Conditional Contract Amount: - Total Contract Amount (KRW): 156,900,000,000 Recent Sales Revenue (KRW): 244,205,074,557 Percentage of Sales Revenue: 64.2%
3. Contracting Party Hanwha Ocean Co., Ltd. - Recent Sales Revenue (KRW): 12,783,512,278,323 - Principal Business: Construction of ships and floating offshore structures - Relationship with the Company: - - Performance of Similar Contracts with the Company in the Past 3 Years: Not applicable
4. Sales and Supply Region Offshore area near Ui Island, Sinan County, Jeollanam-do
5. Contract Period Start Date: 2026-09-17 End Date: 2028-09-06
6. Principal Contract Terms Deposit and Advance Payment: None Payment Terms: Billing and payment according to construction progress
7. Sales and Supply Method In-house Production: Not applicable Outsourced Production: Not applicable Other: -
8. Contract (Order) Date 2026-09-17
9. Disclosure Reservation Reservation Period: - Reason for Reservation: -
10. Other Matters for Reference in Investment Decisions a. The recent sales revenue in Section 2 (Contract Details) above is based on the consolidated financial statements as of the end of 2025. b. The contract amount in Section 2 (Contract Details) above is exclusive of value-added tax. c. The recent sales revenue of the contracting party in Section 3 above is based on the consolidated financial statements as of the end of 2025. d. The above contract terms may be subject to change due to circumstances between the contracting parties.
※ Related Disclosures: -
Source: DART. Information only, not investment advice.