EcoPro BM (247540) Q1 2025 earnings summary

Executive summary

• Consolidated EBIT turned positive in 1Q25, marking a turnaround with gradual profit increases expected throughout the year.

• Strong financial stability supports ongoing global expansion and shareholder return policies.

Financial highlights

• 1Q25 consolidated revenue reached KRW 8,068 billion, up from KRW 6,489 billion in 4Q24.

• EBIT improved to KRW 14 billion from a loss of KRW -998 billion in the previous quarter.

• EBITDA rose to KRW 513 billion from KRW -526 billion sequentially.

• Inventory valuation gains contributed significantly to the profit turnaround.

Outlook and guidance

• Profitability is expected to improve further with increased volumes and higher operating rates.

• European EV market recovery and end of seasonal off-peak in environmental business to drive sales growth.

• Additional equity method profits anticipated from Indonesia investments.