Doosan Bobcat

Doosan Bobcat announced its first-quarter 2026 financial results on April 28, reporting continued growth across its major business segments. Revenue increased 6.2% year-over-year to USD 1.534 billion, while operating profit rose 2.6% to USD 141 million. Operating margin came in at 9.2%, and net profit increased 15.0% year-over-year to USD 90 million, supported by reduced financial expenses.

Revenue improved across all regions year-over-year. Europe, Middle East, and Africa (EMEA) led the way with 18% growth, driven by a recovery in demand for compact equipment. North America posted 3% growth, reflecting a rebound in forklift sales, while Asia, Latin America, and Oceania (ALAO) increased 4% on stronger compact equipment sales in Latin America, China, and India.

By product category, compact equipment revenue rose 7% year-over-year, supported by strong performance in EMEA. Material handling grew by 4% due to increased sales in North America. Portable power declined by 18%, primarily due to shipment delays to key customers, but is expected to recover later this year.

Entering the second year of its corporate value enhancement plan, Doosan Bobcat will continue its policy of maintaining a minimum annual dividend of KRW 1,600 and distributing dividends quarterly. In line with this plan, the board of directors approved a first-quarter dividend of KRW 400 per share the same day.