Lotte Energy Materials (020150) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue reached a quarterly record of KRW 2,897억, up 49.2% QoQ and 101.6% YoY, on increased shipments to North American ESS and OEM customers.

• EBITDA remained positive at KRW 56억; net income turned positive at KRW 704억, including a KRW 1,111억 gain on disposal of an investment.

Financial highlights

• Revenue was KRW 2,897억; operating loss was KRW 213억, versus losses of KRW 169억 in Q2 2026 and KRW 343억 in Q3 2025.

• Q3 EBITDA was KRW 56억, with a 1.9% margin; net income was KRW 704억, with a 24.3% margin.

• Disposal gain supported the net-income turnaround; Q3 profit before tax was KRW 622억.

Outlook and guidance

• Q4 sales are expected to continue rising as North American ESS and EV demand accelerates; Malaysia Plant 6 was slated for early operation by year-end to meet demand.

• 2027 priorities include full production across Malaysia Plants 1–6, normalized product pricing, and long-term supply agreements with circuit-foil customers.

• 2027 circuit-foil sales targeted 100% YoY growth, with HVLP expected to exceed 50% of circuit-foil sales; HVLP 3 and 4 approvals and expanded supply were priorities.