The company attributed the results to a rebound at its secondary-battery affiliates, the consolidation of the GEN (Green Eco Nickel) smelter in Indonesia, and higher metal prices. It said lithium hydroxide prices climbed about 80%, to $18.5 per kilogram from $10.3, helping lift selling prices.
By unit, Ecopro BM reported revenue of 605.4 billion won and operating profit of 20.9 billion won, as profitability improved. The company cited expanded cathode-material supplies for electric vehicles in Europe and rising demand for energy storage systems as AI infrastructure spreads.
Ecopro Materials posted revenue of 166.5 billion won and operating profit of 15.7 billion won, extending a second straight quarter of profit after returning to the black. It credited the GEN consolidation and increased sales of precursors for ESS use.
Ecopro HN reported revenue of 34.7 billion won and operating profit of 5.0 billion won, reflecting stronger demand for chemical filters tied to expanded semiconductor equipment investment and more orders for environmental facilities.
Other subsidiaries, including Ecopro Innovation and Ecopro CNG, also showed steady performance, the company said.
Ecopro said it is accelerating overseas expansion. Following its move into Morowali (IMIP) in Indonesia, it is pursuing the IGIP (International Green Industrial Park) project. Its BNSI nickel smelter, with annual capacity of 66,000 tons, is targeting mass production next year.
For Europe, the company said its Hungary cathode-material plant is set to begin mass production in the second quarter, aiming to secure local customers and diversify sales.
A company official said Ecopro maintained profitability on “balanced growth across all business divisions,” adding that “from the second quarter, when higher metal prices are reflected, the pace of earnings improvement will accelerate further.”
CEO Song Ho-jun said “preemptive investments, including process innovation and the Indonesia smelting business, are translating into results,” and added that once the Hungary plant ramps up and the IGIP project moves into full swing, the company’s global competitiveness will strengthen further.
* This article has been translated by AI.
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