EcoPro FY 2025 Annual ReportBeta
EcoPro 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 FY 2025 Annual Report Analysis
Business Overview
- • EcoPro holding company: two pillars — battery materials (cathode, precursor, lithium, recycling) and environmental solutions; group consolidated revenue KRW 3,413B in FY2025
- • Group revenue recovered to KRW 3,413B vs KRW 3,128B in 2024, but still far below KRW 7,260B peak in 2023; cathode (EcoPro BM) at KRW 2,532B, down from KRW 2,767B YoY
Management Discussion & Analysis
- • Consolidated revenue KRW 3.41T in FY2025, up 9.1% YoY; operating profit swung to profit of KRW 213.8B from loss of KRW 293.0B in FY2024
- • OP turnaround driven by commodity trading revenue gains, Indonesia nickel smelter investment returns boosting battery materials segment OP by ~KRW 177.4B, and inventory valuation reversal
Risk Factors
- • USD FX sensitivity (EcoPro consolidated): 10% KRW/USD move → ±KRW 47.6B after-tax P&L impact, up ~4x vs prior year (±KRW 12.4B)
- • Variable-rate debt surged to 67% of total borrowings (KRW 2,530B) vs 44% (KRW 1,412B) prior year; 1% rate rise → KRW 19.5B after-tax loss
EcoPro FY 2025 Key Financial MetricsDART
Total Assets
KRW 9.78T
▲ +20.2% YoY
Operating Cash Flow
KRW 339.1B
▼ -30.6% YoY
CapEx
KRW 786.5B
▼ -50.3% YoY
Source: KIFRS consolidated financial data from EcoPro 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