OCI Holdings Company (A010060) Q3 2025 earnings summary

Executive summary

• Q3 2025 consolidated revenue reached KRW 845 billion, up 8.9% quarter-over-quarter, with an operating loss of KRW 53 billion as losses narrowed from the previous quarter, driven by higher poly-silicon and project sales in energy segments.

• Net loss narrowed to KRW 73 billion, aided by improved subsidiary performance and cost controls.

Financial highlights

• Consolidated revenue increased 8.9% QOQ to KRW 845 billion; operating loss narrowed to KRW 53 billion.

• EBITDA turned positive at KRW 8.2 billion, with a margin of 1.0%.

• OCI TerraSus revenue surged 242% QOQ to KRW 132 billion, but posted a KRW 65 billion operating loss due to shutdown-related and inventory valuation costs.

• OCI Enterprises revenue rose 37% QOQ, returning to positive operating profit, mainly from two solar project sales.

• DCRE urban development revenue grew 19% QOQ to KRW 105 billion, with operating profit turning positive.

Outlook and guidance

• OCI TerraSus expects stable sales and improved operating profit next quarter as cost structures normalize and demand remains strong.

• OCI Enterprises anticipates stronger performance with expanded module supply and ongoing project pipeline development.

• OCI SE's cogeneration plant expects continued soft performance due to ongoing maintenance and weak SMP.

• DCRE expects continued revenue growth from new pre-sales and project completions.

• Chemical operations forecast revenue and profit recovery next quarter, aided by deferred shipments and better market conditions.