EcoPro BM H1 2025 Half-Year Report
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Filed: August 14, 2025· period ending June 30, 2025DART

EcoPro BM half-year report for H1 2025, filed with DART (Korea Financial Supervisory Service) on August 14, 2025. 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 H1 2025 Half-Year Report Analysis

Business Overview

• High-nickel cathode (NCA/NCM, ≥80% Ni) manufacturer; 96.9% of H1 2025 revenue from cathode materials sold to Samsung SDI and SK On
• H1 2025 consolidated revenue KRW 1.41T; export-dominated (KRW 1.27T of total), sharply lower vs full-year 2023 KRW 6.90T and 2024 KRW 2.77T

Management Discussion & Analysis

• EcoPro BM's 반기보고서 MD&A section intentionally blank per Korean FSS disclosure rules permitting omission in semi-annual filings

Risk Factors

• USD FX exposure is primary market risk; managed via forward contracts (통화선도), but no sensitivity figure or notional amount disclosed in this section
• Convertible bond (CB) issued 2023-07-24: face value KRW 440B, maturity 2028-07-24, 0% coupon, 2.0% YTM guarantee; conversion price KRW 206,250/share with downward reset floor at 75% of original price

EcoPro BM H1 2025 Key Financial Metrics
DART

Total Assets

KRW 4.78T

▲ +10.6% YoY

Operating Cash Flow

-KRW 260.2B

CapEx

KRW 178.5B

Source: KIFRS consolidated financial data from EcoPro BM half-year 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