Enchem (348370) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 was KRW 222.5 billion, down from KRW 365.7 billion year-over-year, with a consolidated net profit of KRW 419 million, reversing a net loss of KRW 571.2 billion in the prior year.

• Operating loss narrowed to KRW 49.1 billion from KRW 65.3 billion year-over-year, reflecting improved cost management despite lower sales.

• The company maintains a strong global presence in battery electrolyte manufacturing, with ongoing expansion in the US and Europe and diversification into NMP recycling and CNT/CI slurry businesses.

Financial highlights

• Consolidated revenue for 2025 Q3 YTD: KRW 222.5 billion (down from KRW 365.7 billion year-over-year).

• Operating loss: KRW 49.1 billion (improved from KRW 65.3 billion loss year-over-year).

• Net profit: KRW 419 million (vs. net loss of KRW 571.2 billion year-over-year).

• Cash and cash equivalents at period end: KRW 12.0 billion (down from KRW 102.0 billion at prior year-end).

• Total assets: KRW 1.06 trillion; total equity: KRW 522.6 billion.

Outlook and guidance

• The company is investing in capacity expansion in the US and Europe, targeting additional 252,000 tons of electrolyte and new product lines by 2026.

• Focus remains on strengthening global supply chains and advancing R&D for next-generation battery materials.