Ecopro Q1 2026 Swings to Profit, Declares Cash Dividend

Consolidated Q1 2026 revenue: KRW 818.3bn, operating profit: KRW 56.4bn, net profit attributable to parent: KRW 210.4bn, a sharp turnaround from a net loss of KRW 105.5bn in FY2025
Approved cash dividend for FY2025 (amount undisclosed, passed at AGM)
Consolidated debt ratio increased to 38.1% from 29.2% at year-end 2025
Battery materials segment (cathode, etc.) revenue: KRW 887.8bn (74% of total), environmental business: KRW 34.7bn
Ongoing facility investments (completion of Hungary cathode plant, acquisition of nickel smelter)
Major contracts: performing 4.4 trillion won NCA cathode supply deal with Samsung SDI, 1.0 trillion won with SK Innovation
R&D expenses: KRW 30.4bn (3.7% of sales), holds numerous patents
Subsidiaries (Ecopro BM, Ecopro Materials) performing well
Contingent liabilities from derivative instruments (put options) recognized in financial statements

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