SKC (011790) Q2 2026 earnings summary

Executive summary

• Revenue in 2Q 2026 reached ₩645.4 billion, up 38% year-over-year and 30% quarter-over-quarter.

• Operating loss narrowed to ₩14.4 billion, a significant improvement from previous quarters.

• EBITDA turned positive at ₩29.1 billion, reflecting improved operational efficiency.

• The company completed a significant capital increase in June 2026, issuing 11.73 million new shares, raising total shares to 49.6 million and capital to KRW 247.99 billion.

• Major business restructuring included divestitures of non-core assets, mergers, and a focus on battery materials, chemicals, and semiconductor components.

Financial highlights

• Net loss for 2Q 2026 was ₩82.2 billion, with controlling interest net loss at ₩90.7 billion.

• Gross profit increased to ₩70.3 billion, up from ₩4.17 billion in 1Q 2026.

• Total assets rose to ₩8.23 trillion, with cash and equivalents at ₩2.07 trillion.

• Debt ratio improved to 157% at 1H 2026 from 233% at end-2025.

• Operating loss: KRW 43.16 billion in H1 2026, compared to a loss of KRW 305.03 billion in 2025.

Outlook and guidance

• 2H 2026 expects continued sales growth in ESS and EV battery materials, driven by global customer production line transitions and capacity expansion.

• Malaysian production ramp-up to enhance cost competitiveness, targeting over 85% utilization.

• Strategic investments planned using capital from recent rights offering.

• The company is focusing on growth in battery materials (copper foil), high-value chemicals, and advanced semiconductor test solutions.

• Ongoing investments in global expansion, especially in battery materials and eco-friendly plastics.