)
EcoPro BM (247540) investor relations material
EcoPro BM Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 saw a significant recovery in core earnings, with key segments and subsidiaries returning to profitability due to higher metal prices, increased capacity utilization, and inventory valuation reversals, even without one-off gains from Indonesian smelter investments.
Strategic investments in nickel smelters and upstream raw materials are expected to yield significant results in 2026, driving full-scale growth as all four Indonesian smelters become operational and consolidated.
The group is focusing on growth in the energy storage system (ESS) market, diversifying its customer base, and expanding into next-generation battery materials and the solid-state battery value chain.
Annual sales in some segments declined due to delayed customer CAPEX and utilization, but a rebound is expected as semiconductor recovery and customer investments accelerate.
Financial highlights
Q4 2025 consolidated revenue was KRW 9,594 billion, up from KRW 7,336 billion in Q3 2025; full-year 2025 revenue was KRW 34,315 billion.
Q4 2025 EBIT was KRW 662 billion, a turnaround from a loss of KRW -2,930 billion in Q3 2025; EBIT margin improved to 9.0% from -9.4% sequentially.
EcoPro Materials Q4 2025 revenue was KRW 115.2 billion (up 82% QOQ), with operating profit of KRW 3.3 billion, marking a turnaround.
Cash and cash equivalents surged 111% QOQ to KRW 11,866 billion, driven by a KRW 800 billion PRS transaction.
EcoPro HN Q4 2025 revenue was KRW 39.2 billion (up 38% QOQ), with flat operating profit at KRW 2.3 billion.
Outlook and guidance
2026 is expected to be a year of full-scale growth, with all four Indonesian smelters operational and consolidated from January, and annual profit contribution from Indonesian smelters expected to exceed KRW 220 billion.
Earnings momentum is projected to accelerate, especially in lithium and precursor businesses, with EcoPro Materials expecting precursor sales volume to rise 90% YoY in 2026 and external sales ratio targeted to reach 70%.
EcoPro HN projects over 50% YoY revenue growth in 2026, driven by semiconductor and environmental businesses, with a rebound expected in GHG Reduction & Chemical Filter as customer CAPEX recovers.
Upward revision of profit estimates tied to rising metal prices and exchange rates; further upside from North American ESS shipments and smelter ramp-up.
Next EcoPro BM earnings date
Next EcoPro BM earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)