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Lotte Energy Materials (A020150) investor relations material
Lotte Energy Materials Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 revenue declined quarter-over-quarter due to logistics delays in Europe impacting EV sales, but was partially offset by strong ESS and circuit foil sales.
Operating profit improved significantly, driven by higher productivity and inventory revaluation gains amid rising copper prices.
Net income turned positive, reversing losses from previous quarters.
Financial highlights
Q1 2026 consolidated revenue was KRW 1,598 billion, down 6.5% sequentially but up 1.1% year-over-year.
Operating loss narrowed to KRW 50 billion (margin -3.1%), a significant improvement from previous quarters.
EBITDA turned positive at KRW 195 billion (margin 12.2%).
Net income reached KRW 39 billion (margin 2.4%), turning profitable both sequentially and year-over-year.
Outlook and guidance
Battery foil shipments expected to grow in Q2 as ESS conversion accelerates and power tools demand rises.
Circuit foil shipments projected to increase QoQ, supported by full-scale shipments of high-value-added Al-related products.
Plans to scale up solid electrolyte and nickel-plated copper foil for all-solid-state batteries, targeting commercialization in 2028.
- Record Q2 revenue and a return to profit, with global expansion and strong cash reserves.A020150
Q2 202423 Jun 2026 - Q3 2024 revenue and profit fell, but Elecfoil expansion and North America growth are underway.A020150
Q3 202423 Jun 2026 - Q1 2025 posted steep losses amid revenue drop, but recovery is expected as inventories normalize.A020150
Q1 202523 Jun 2026 - Q2 2025 revenue rose 22% YoY, but H1 saw losses; HiSTEP and global expansion target recovery.A020150
Q2 202523 Jun 2026 - Q3 2025 revenue and profit fell sharply, with growth targeted in AI, ESS, and overseas markets.A020150
Q3 202523 Jun 2026 - Q4 2024 saw losses from weak demand, but 2025 expects recovery via cost and product innovation.A020150
Q4 202419 Feb 2026 - Revenue rebounded in Q4 2025, but losses deepened; 2026 targets recovery via Al Elecfoil and ESS.A020150
Q4 202519 Feb 2026
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