LS Marine Solution
Daily close in US$ at the latest USD/KRW close. Source: KRX via FinanceDataReader.
LS Marine Solution installs and maintains undersea power cables, the high-voltage lines laid on the ocean floor to carry electricity between islands, offshore platforms, and coastlines, as well as underground land cables.
It serves power utilities, grid operators, and infrastructure developers, operating across both domestic and international markets as a listed company on KOSDAQ, South Korea's tech and small-cap exchange. The business is divided into two segments: submarine cable installation and underground cable installation.
Summary is AI-generated and may contain errors · figures from DART filings
The company integrated LS Buildwin, a specialist underground-installation firm, through vertical integration, enabling it to offer combined submarine-and-underground turnkey project delivery.
LS Marine Solution in five facts
What does LS Marine Solution do?
LS Marine Solution installs and maintains undersea power cables, the high-voltage lines laid on the ocean floor to carry electricity between islands, offshore platforms, and coastlines, as well as underground land cables.
Where is LS Marine Solution listed and in which sector?
LS Marine Solution (Korean name: LS마린솔루션) trades under KRX code 060370 on KOSDAQ, the Korea Exchange's board for smaller and growth companies. It is classified in the Industrials sector, Construction & Engineering.
How large is LS Marine Solution?
Its market capitalisation was US$1.1B on 2026-10-21, which puts it in this site's small-cap group. US$ amounts are converted from won at 1 USD ≈ ₩1,325 (2026-10-21).
What were LS Marine Solution's latest annual revenue and operating profit?
For fiscal year 2025, LS Marine Solution reported revenue of US$184.3M, operating profit of US$5.3M and net income of US$6.3M, per its annual report on DART (data retrieved from DART on 2026-09-17). Revenue was up 87.5% on the previous year.
Where does this data come from?
Financial statements and filings come from DART, Korea's official corporate-filing system. Share prices, market capitalisation and trading status come from KRX. Company summaries are AI-generated from the filings and may contain errors; financial figures are mapped directly from DART.
Data sources and last updated
- Filings and financial statements
- DART (dart.fss.or.kr), Korea's official corporate-filing system
- Prices, market cap, trading status
- KRX (Korea Exchange), via FinanceDataReader
- Latest annual financials
- Fiscal year 2025, data retrieved from DART on 2026-09-17
- Share price and market cap
- Close of 2026-10-21
- Currency
- US$, converted from won at 1 USD ≈ ₩1,325 (2026-10-21 close)
- Company data updated
- 2026-10-21
- Company summary
- AI-generated from filings; may contain errors. Information only, not investment advice.
- Operating results (consolidated) (preliminary) (fair disclosure)
LS Marine Solution filed provisional (unaudited) consolidated results for Q3 2026: revenue of US$55.5M (−4.3% year on year), operating profit of US$5.18M (+234.6% year on year) and net income of US$4.67M (+92.3% year on year).
Earnings · Oct 21 - Report on large shareholdings (5% rule) (standard)Oct 20
- [Amended] Report on securities held by executives/major shareholdersOct 20
- Report on securities held by executives/major shareholdersOct 15
- Report on securities held by executives/major shareholdersOct 12
- Report on securities held by executives/major shareholdersOct 2
- Report on large shareholdings (5% rule) (standard)Oct 1
- Supply contract signed
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.
Supply contract · Sep 18 - Investor relations (IR) meetingSep 7
- [Amended] Supply contract signed
LS Marine Solution updated a previously disclosed supply contract with FOXWELL ENERGY CORPORATION LTD., now worth US$12.8M, about 13.4% of its recent annual revenue, running through Sep 2026.
Supply contract · Aug 31 - [quarterly, individual company] Large business group status disclosureAug 31
- Operating results (consolidated) (preliminary) (fair disclosure)
LS Marine Solution filed provisional (unaudited) consolidated results for Q2 2026: revenue of US$67.2M (+42.5% year on year), operating profit of US$4.31M (+79.2% year on year) and net income of US$4.91M (+382.2% year on year).
Earnings · Aug 5 - [Amended] Supply contract signed
LS Marine Solution updated a previously disclosed supply contract with FOXWELL ENERGY CORPORATION LTD., now worth US$11.6M, about 13.4% of its recent annual revenue, running through Aug 2026.
Supply contract · May 19 - [Amended] Supply contract signed
LS Marine Solution updated a previously disclosed supply contract with FOXWELL ENERGY CORPORATION LTD., now worth US$11.9M, about 13.4% of its recent annual revenue, running through May 2026.
Supply contract · May 11 - Supply contract terminatedSupply contract · Apr 27
- Cash/in-kind dividend decision
LS Marine Solution declared a cash dividend of US$0.11 per share.
Dividend · Feb 6 - Change of 30% or more in revenue or profit/loss structure (15% for large companies)
LS Marine Solution reported consolidated results for FY2025: revenue of US$166M (+87.4% year on year), operating profit of US$4.77M (−43.4% year on year) and net income of US$5.68M (−36.7% year on year).
Earnings · Feb 6