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EcoPro BM (247540) investor relations material
EcoPro BM Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales declined 4.7% sequentially and 26% year-over-year in 2Q26, mainly due to stagnant EV demand in North America and flat sales in Europe amid OEM model changes.
Operating profit dropped 14% QoQ and 63% YoY to KRW 18.0 bn, reflecting Hungary plant ramp-up costs.
EBITDA margin improved slightly to 7.1% in 2Q26 from 6.4% in 1Q26, but down from 9.9% YoY.
Financial highlights
2Q26 revenue was KRW 5,767 bn, down 5% QoQ and 26% YoY.
Operating profit was KRW 180 bn, with an operating margin of 3.1%.
EBITDA reached KRW 407 bn, with a margin of 7.1%.
Net income for 2Q26 was -KRW 5 bn, a significant decline from KRW 122 bn in 1Q26.
Outlook and guidance
North American market expected to remain slow due to the end of consumer subsidies.
European OEM model changes to negatively impact sales, but new vehicle launches may offset this.
Non-EV sectors, especially Power Applications, are expected to grow, driven by data center expansion and E-bike demand in Southeast Asia.
- 2025 outlook projects recovery and growth after a challenging 2024, with improved profitability expected.247540
Q4 20249 Jul 2026 - Q2 and H1 2024 saw sharp profit declines, but global cathode leadership and expansion persist.247540
Q2 20249 Jul 2026 - Q3 losses from weak EV demand and metal prices; global expansion and contracts support 2025 recovery.247540
Q3 202424 Jun 2026 - 1Q25 saw a profit turnaround with positive EBIT, strong revenue, and ongoing margin pressure.247540
Q1 202524 Jun 2026 - Q2 2025 revenue rose 15% QoQ, EBIT turned positive, and global expansion continued.247540
Q2 202524 Jun 2026 - 3Q25 revenue reached KRW 9,597B, led by high-nickel cathode sales and global expansion.247540
Q3 202524 Jun 2026 - Q1 2026 revenue up 22% QoQ to KRW 605.4B, led by European EV demand and cathode exports.247540
Q1 202622 Jun 2026 - Profitability rebounded in Q4, with 2026 set for strong growth from smelters and market expansion.247540
Q4 20255 Feb 2026
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