OCI Holdings Restarts Solar Value Chain...Returns to Profit in Q4

Strengthening Non-China Supply Chains and Expanding U.S. Energy Business

OCI Holdings announced on the 11th that, on a consolidated basis, it posted sales of 810.6 billion won, operating profit of 27.3 billion won, and net profit of 26.6 billion won in the fourth quarter of last year, successfully returning to the black after three quarters.

OCI Holdings Corporate Identity.

Sales volume increased thanks to the normalization of solar-grade polysilicon operations at its Malaysian subsidiary OCI TerraSus, and strong pre-sales at its urban development subsidiary DCRE supported the earnings improvement. However, on a full-year basis, it recorded sales of 3.3801 trillion won, an operating loss of 57.6 billion won, and a net loss of 144.2 billion won. The suspension of polysilicon operations due to external policy uncertainties, including tariff policies of the U.S. administration and the OBBB bill, had a significant impact.

OCI Holdings is responding to policy risks by accelerating the establishment of a non-China solar value chain. The polysilicon utilization rate at OCI TerraSus recovered to about 90% by year-end, and Vietnamese wafer company Neosilicon Technology plans to establish a commercial production system with a capacity of 2.7 GW within the first half of the year. The company expects demand for U.S.-bound non-PFE solar products to expand in the mid to long term.

U.S. solar development subsidiary OCI Energy holds a solar and ESS project pipeline of 7 GW, mainly in Texas, and is pursuing the sale of a 500 MW project within the first quarter of 2026. The company announced plans to grow into a leading U.S. energy company by 2030, targeting 15 GW of development assets and more than 2 GW of operating assets.

DCRE increased its earnings contribution by recording sales of 110 billion won and operating profit of 12 billion won in the fourth quarter of last year through the City OCL project in Hakik-dong, Incheon.

OCI Holdings will carry out a share buyback and cancellation totaling 50 billion won by 2029 and has set this year’s dividend at 1,000 won per share. The company plans to use at least 50% of its separate net income for shareholder returns going forward.

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