Sanil Electric Signs Supply Contract for European BESS and Renewable Energy Transformers

Sanil Electric (062040), a manufacturer of transformers and reactors, announced on June 22 via a public disclosure that it has secured a supply contract with a European firm for BESS and renewable energy transformers. The contract value of KRW425.9464 billion represents 8.49% of its recent revenue of KRW5019.4622 billion. The contract period spans from June 19, 2026, to December 7, 2031, with DAP payment terms specified. No contract payments or advance payments are required. The contract amount is EUR24,395,000 in euros, with the contract date set for June 20, 2026, based on the date of receiving the order. Sanil Electric, listed on KOSPI since March 26, 1994, closed its stock price at KRW229,500 on June 22, 2026, down 2.55% from the previous day. Recent financials show total assets of KRW682 billion, liabilities of KRW96.5 billion, equity of KRW585.5 billion, revenue of KRW501.9 billion, operating profit of KRW178.6 billion, and net profit of KRW148.9 billion, with figures reported on a consolidated basis for a December fiscal year company.