Kumho Petro Chemical (011780) Q4 2025 earnings summary

Executive summary

• 4Q 2025 sales reached KRW 1,589.7 bn, down 3.3% sequentially and 12.0% year-over-year.

• Operating profit was KRW 1.5 bn, a sharp decline from KRW 84.5 bn in 3Q and KRW 10.0 bn in 4Q 2024.

• Net income dropped to KRW 2.7 bn from KRW 106.9 bn in 3Q and KRW 61.5 bn in 4Q 2024.

• EBITDA fell to KRW 78.8 bn, down 51.4% sequentially and 2.7% year-over-year.

Financial highlights

• Full-year 2025 sales totaled KRW 6,915.1 bn, down from KRW 7,155.0 bn in 2024.

• Full-year operating profit was KRW 271.8 bn, nearly flat year-over-year.

• Net income for 2025 was KRW 292.2 bn, down from KRW 348.5 bn in 2024.

Outlook and guidance

• Synthetic Rubbers: 1Q 2026 expects improved profitability on strong BD prices and higher demand.

• Synthetic Resins: SM prices to strengthen, but oversupply and weak demand to limit gains.

• Phenol Derivatives: Profitability expected to improve with demand recovery in 1Q 2026.

• EPDM/TPV: Profitability to improve on increased demand and wider spreads in early 2026.

• Energy: Profitability to recover in 1Q 2026 despite weak SMP, driven by higher sales volumes.