EcoPro BM FY 2025 Annual ReportBeta
EcoPro BM annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
EcoPro BM FY 2025 Annual Report Analysis
Business Overview
- • High-nickel cathode (NCA/NCM, Ni ≥80%) manufacturer for Li-ion batteries; Samsung SDI and SK On account for 92.3% of revenue
- • FY2025 revenue KRW 2,531.6B, down sharply from KRW 2,766.8B in FY2024 and KRW 6,900.9B in FY2023 — multi-year demand slump
Management Discussion & Analysis
- • Revenue KRW 2.53T in FY2025, down ~8.5% YoY; OP swung to profit KRW 143.3B from loss KRW -34.1B in FY2024
- • EV segment revenue fell to KRW 1.64T from KRW 1.92T; management cites EV subsidy cuts in Europe and US consumer credit abolition (end-Sept) as key drivers
Risk Factors
- • USD FX risk primary market exposure; managed via forward contracts (통화선도); no sensitivity magnitude disclosed in this section
- • Convertible bond (CB) KRW 440B face value, issued 2023-07-24, maturity 2028-07-24; investor put option exercisable every 3 months starting 3 years post-issuance (Jul 2026); maturity yield 2.0%
EcoPro BM FY 2025 Key Financial MetricsDART
Total Assets
KRW 4.88T
▲ +12.9% YoY
Operating Cash Flow
KRW 214.7B
▼ -68.0% YoY
CapEx
KRW 418.1B
▼ -59.2% YoY
Source: KIFRS consolidated financial data from EcoPro BM annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding