450080 - Ecopro Materials

450080 Summary

Batteries

Stock Price & Overview

₩35,850 +650 (+1.85%) Close · Sep 4, 2026 KST

KOSPI | ₩KRW | Close: ₩35,850 ≈ US$26 · Market cap ₩2.5tn (≈ $1.8bn)

450080 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Total Revenue	392.5	299.8	952.5	665.2	342.9	216.7
Cost of Revenue	421.8	331.0	917.1	610.0	316.5	198.1
Gross Profit	-29.3	-31.1	35.5	55.3	26.4	18.6
Selling, General & Administrative	36.1	33.6	26.7	16.3	10.1	6.1
Operating Income	-65.4	-64.7	8.8	39.0	16.3	12.4
Finance Income	22.0	6.1	6.5	5.0	1.7	15.0
Finance Costs	12.6	17.4	22.8	18.7	40.1	9.5
Pretax Income	15.0	-63.3	-3.2	12.7	-22.9	20.1
Income Tax Expense	-9.1	-20.6	-8.3	-2.9	0.1	-5.6
Net Income	24.1	-42.7	5.0	15.6	-23.0	25.7
Total Comprehensive Income	30.3	-43.4	3.7	15.8	-23.2	25.5

Breakdown ₩ tn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Total Assets	1.73	1.29	1.10	0.63	0.37	0.23
Current Assets	0.25	0.43	0.58	0.27	0.13	0.08
Cash & Cash Equivalents	0.05	0.09	0.38	0.00	0.00	0.00
Inventories	0.16	0.24	0.10	0.17	0.09	0.05
Trade Receivables	0.04	0.08	0.09	0.07	0.03	0.01
Non-current Assets	1.47	0.86	0.53	0.37	0.24	0.15
Property, Plant & Equipment	0.99	0.77	0.43	0.35	0.23	0.15
Intangible Assets	0.02	0.01	0.00	0.00	0.00	0.00
Total Liabilities	0.58	0.55	0.31	0.32	0.30	0.16
Current Liabilities	0.34	0.43	0.27	0.25	0.16	0.05
Non-current Liabilities	0.24	0.12	0.04	0.07	0.15	0.11
Total Equity	1.14	0.74	0.80	0.31	0.07	0.07
Share Capital	0.04	0.04	0.04	0.03	0.02	0.02
Retained Earnings	0.49	0.47	0.01	0.01	-0.01	0.01

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Cash from Operating Activities	94.4	-134.6	116.3	-80.0	-23.9	6.1
Cash from Investing Activities	-587.2	-325.8	-134.3	-134.7	-91.5	-56.5
Purchase of Property, Plant & Equipment	300.7	333.6	129.7	140.7	92.8	58.3
Cash from Financing Activities	451.9	169.1	394.4	215.5	111.4	53.6
Net Change in Cash	-40.9	-291.4	376.4	0.7	-3.9	3.3

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	116.9	99.0	115.2	63.2	78.1	136.1	88.1	65.9	66.7	79.2
Cost of Revenue	118.0	86.1	102.0	79.0	98.6	142.3	89.1	96.2	61.8	84.0
Gross Profit	-1.1	12.9	13.2	-15.8	-20.5	-6.2	-1.0	-30.3	4.9	-4.8
Selling, General & Administrative	8.9	10.6	9.8	9.3	8.3	8.6	8.6	8.2	8.6	8.2
Operating Income	-10.0	2.3	3.3	-25.1	-28.8	-14.8	-9.5	-38.5	-3.7	-13.0
Finance Income	10.1	18.1	4.3	4.7	8.8	4.2	-0.1	2.3	1.3	2.6
Finance Costs	2.0	2.6	-2.4	-8.2	21.1	2.1	5.4	1.0	4.7	6.2
Pretax Income	-1.1	17.2	-82.2	154.5	-44.6	-12.7	-8.9	-38.7	-3.4	-12.3
Income Tax Expense	-2.4	4.5	14.4	-7.1	11.1	-5.4	37.9	-11.0	-2.6	-3.8
Net Income	1.3	12.6	-96.7	161.6	-33.5	-7.3	-5.6	-27.7	-0.8	-8.5
Total Comprehensive Income	1.3	12.6	-90.4	161.6	-33.5	-7.3	-6.3	-27.7	-0.8	-8.5

Breakdown ₩ tn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	1.85	1.81	1.73	1.81	1.68	1.39	1.29	1.12	1.11	1.07
Current Assets	0.35	0.33	0.25	0.29	0.44	0.35	0.43	0.38	0.46	0.52
Cash & Cash Equivalents	0.00	0.00	0.05	0.03	0.13	0.00	0.09	0.05	0.13	0.16
Inventories	0.25	0.22	0.16	0.19	0.19	0.18	0.24	0.24	0.24	0.18
Trade Receivables	—	—	0.04	0.05	0.02	0.09	0.08	0.08	0.07	0.15
Non-current Assets	1.50	1.48	1.47	1.52	1.24	1.04	0.86	0.74	0.66	0.56
Property, Plant & Equipment	1.06	1.04	0.99	0.95	0.90	0.83	0.77	0.66	0.57	0.47
Intangible Assets	0.03	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01
Total Liabilities	0.75	0.71	0.58	0.56	0.59	0.66	0.55	0.39	0.35	0.29
Current Liabilities	0.41	0.47	0.34	0.33	0.36	0.42	0.43	0.36	0.32	0.26
Non-current Liabilities	0.33	0.24	0.24	0.23	0.23	0.23	0.12	0.03	0.03	0.03
Total Equity	1.10	1.10	1.14	1.25	1.09	0.73	0.74	0.73	0.77	0.78
Share Capital	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Retained Earnings	0.45	0.45	0.49	0.59	0.43	0.46	0.47	0.47	0.50	0.50

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Cash from Operating Activities	-24.4	-83.5	54.2	-38.3	42.9	35.6	16.8	-27.5	42.8	-166.7
Cash from Investing Activities	-54.2	-37.4	-30.6	-61.1	-219.1	-276.4	-94.3	-70.0	-117.0	-44.5
Purchase of Property, Plant & Equipment	52.0	35.8	29.2	78.1	72.7	120.7	91.4	80.1	113.6	48.6
Cash from Financing Activities	78.6	77.0	-5.9	-6.7	305.9	158.6	112.8	21.4	42.3	-7.4
Net Change in Cash	0.1	-43.9	17.7	-106.1	129.7	-82.2	35.3	-76.2	-31.9	-218.6

Separate / parent-only (OFS) — this company files no consolidated statements, from DART. 6 fiscal years and 10 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

450080 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	392.5	+30.9%	-16.1%	+12.6%	—
Operating income	-65.4	—	—	—	—
Net income	24.1	—	+15.7%	-1.3%	—
EPS	₩340	—	+15.7%	-1.3%	—
Operating cash flow	94.4	—	—	+72.7%	—
Shareholders' equity	1,144.7	+55.2%	+53.9%	+72.8%	—

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

450080 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	-7.5%	-10.4%	3.7%	8.3%	7.7%	8.6%
Operating margin	-16.7%	-21.6%	0.9%	5.9%	4.7%	5.7%
Net margin	6.1%	-14.2%	0.5%	2.3%	-6.7%	11.9%
Return on equity	2.6%	-5.6%	0.9%	8.1%	-32.2%	34.6%
Return on assets	1.6%	-3.6%	0.6%	3.1%	-7.6%	11.0%
Operating cash flow / revenue	24.1%	-44.9%	12.2%	-12.0%	-7.0%	2.8%
Capex / revenue	76.6%	111.3%	13.6%	21.2%	27.1%	26.9%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.