Ecopro said on Wednesday it posted 733.6 billion won in revenue and 66.2 billion won in operating profit in the fourth quarter of 2025. Revenue rose 13 percent from a year earlier and operating profit returned to the black. On a full-year consolidated basis, it recorded revenue of 3.43 trillion won and operating profit of 233.2 billion won. Revenue rose 10 percent from a year earlier, and full-year operating profit also returned to the black.
Investment in smelters at the Indonesia Morowali Industrial Park (IMIP) drove the improvement in performance. Ecopro invested about 700.0 billion won from 2022 to secure stakes in 4 smelters. The company explained it booked investment gains worth about 250.0 billion won last year through the move.
Sales of nickel intermediate product (MHP) secured from the smelters also contributed to revenue growth. Rising metal prices and an improved exchange rate also had a positive impact on results.
Its subsidiary Ecopro Materials recorded annual revenue of 392.5 billion won last year on a separate basis. That was up 31 percent from a year earlier. Sales of precursors and metals increased. Operating loss came to 65.4 billion won. In the fourth quarter, it achieved quarterly profitability as higher utilisation rates and a reversal of inventory valuation allowances due to rising metal prices showed improvement.
Ecopro HN, its eco-friendly materials business unit, recorded consolidated revenue of 141.1 billion won and operating profit of 11.7 billion won last year. Revenue fell 40 percent from a year earlier and operating profit dropped 52 percent. Sales of greenhouse gas reduction equipment declined as semiconductor customers adjusted investment.
This year, Ecopro will step up efforts to target new markets such as energy storage systems (ESS) and robot batteries. In response to sluggish electric vehicle sales, it plans to strengthen profit-and-loss management at each business site. It also plans to introduce artificial intelligence (AI) in manufacturing and research and development (R&D) to drive process innovation and cut costs.
Ecopro CEO Song Ho-jun (송호준) said, "Along with intensive management efficiency work to overcome the management crisis, we also made efforts to secure future growth engines, including investments in the Indonesian smelting business." He added, "This year, we plan to introduce AI at all business sites and strengthen our ability to respond to new applications such as robots to cement the profit-making trend."