Ecopro BM Achieves 50.7 Billion Won Operating Profit in Q3... Posts Third Consecutive Quarterly Surplus

Impact of Indonesian Investments and ESS Cathode Material Sales
Product Sales Expected to Rise with Hungary Plant Launch

Ecopro BM has recorded an operating profit for the third consecutive quarter, driven by successful investments in Indonesia and increased sales of cathode materials for energy storage systems (ESS).

Ecopro CI

On November 4, Ecopro BM announced that its consolidated sales for the third quarter reached 625.3 billion won, with an operating profit of 50.7 billion won. Sales increased by 19.8% compared to the same period last year, and the company swung to an operating profit from a loss year-on-year.

An Ecopro BM representative explained, "Despite temporary inventory adjustments by customers, we succeeded in achieving an operating profit for the third consecutive quarter, thanks to the results of our investments in Indonesia and increased sales of cathode materials for ESS."

Ecopro BM realized an operating profit of 41.8 billion won by acquiring a 10% stake in the Indonesian nickel smelter PT ESG. The surge in ESS cathode material sales, which rose by 103% from 81.4 billion won in the second quarter to 165.4 billion won in the third quarter, driven by increased demand from data centers and renewable energy, also contributed to the growth in operating profit.

Ecopro BM expects to accelerate its expansion into the European market with the operation of its Debrecen plant in Hungary, which is scheduled for completion by the end of the year. The company plans to begin mass production and sales of products starting in April 2026.

In Ochang, North Chungcheong Province, Ecopro BM has established a pre-mass production line for lithium iron phosphate (LFP) cathode materials with an annual capacity of approximately 4,000 tons. Among domestic cathode material companies, Ecopro BM is currently the only one to have built mass production facilities for LFP cathode materials. The company has also completed the development of high-voltage mid-nickel (HVM) cathode materials and has begun preparations for full-scale mass production. In addition, product lineups for mid- to low-priced materials such as lithium manganese rich (LMR) and sodium-ion batteries (SIB) have been developed, and Ecopro BM plans to sequentially supply these new materials to customers starting in 2027.

This content was produced with the assistance of AI translation services.