Ecopro Co., Ltd.

Ecopro Co., Ltd.

KKRX:086520
77,200.00
KRW
-6,300.00
(-7.54%)
1,049.77EPS
306.30P/E
18.89TMarket Cap
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
940.78
1,253.19
6,945.23
2,076.7
3,314.95
6,678.52
7,010.64
8,719.46
13,639.57
43,848.22
10,826.76
23,331.99
25,476.69
25,411.68
Basic EPS, GAAP
-126.35
22.53
12.27
-107.34
-68.99
392.55
212.48
252.25
2,179.33
280.39
76.08
-1,536.27
-1,118
455.43
Free Cash Flow per Basic Share
-95.44
-35.36
-498.67
-721.83
-631.17
-1,013.66
-2,305.92
-491.47
-5,321.47
-9,302.15
-1,487.17
-8,207.15
-3,530.65
-2,966.62
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
82.25
100.19
193.97
63.48
46.71
578.6
445.24
Book Value per Share
1,121.19
1,150.5
1,264.08
1,489.28
1,462.66
1,804.77
2,746.14
3,357.23
9,165.48
10,250.37
12,429.54
11,933.86
14,626.61
16,139.2
Tangible Book Value per Share
872.91
837.49
1,005.03
1,280.2
1,266.84
1,639.68
2,580.32
3,181.98
4,179.62
6,954.15
9,343.93
8,889.95
11,416.33
10,535.24
Basic Weighted Avg Shares
63
66
15
82
99
100
100
98
110
129
671
134
134
135
Sales/Revenue/Turnover
59,581
83,224
107,266
170,483
329,012
669,407
702,273
850,812
1,504,191
5,639,741
7,260,200
3,127,853
3,413,022
3,424,450
Operating Margin (%)
2.19
8.67
5.42
5.93
6.62
9.31
8.01
7.48
5.71
10.87
4.11
-9.37
6.26
7.85
Depreciation Expense
12,678
14,180
15,598
18,623
23,009
30,782
41,261
50,840
62,572
120,180
164,442
199,807
147,379
17,761
Net Income, GAAP
-8,002
1,496
190
-8,812
-6,847
39,347
21,284
24,613
240,339
36,064
51,017
-205,951
-149,774
61,373
Effective Tax Rate (%)
- -
- -
- -
- -
- -
15.54
- -
7.19
- -
28.06
6.19
- -
- -
25.16
Profit Margin (%)
-13.43
1.8
0.18
-5.17
-2.08
5.88
3.03
2.89
15.98
0.64
0.7
-6.58
-4.39
1.79
Working Capital
-33,281
-40,262
-20,919
17,443
-14,508
12,483
107,084
129,321
652,321
1,079,886
1,233,470
469,775
3,102
44,620
LT Debt
14,295
9,068
29,708
58,980
53,325
130,352
172,628
231,075
510,137
559,671
822,571
1,587,947
1,486,888
1,663,241
Total Equity
74,660
76,612
101,832
173,682
184,405
231,861
446,981
588,714
1,696,914
2,521,781
3,486,136
3,838,462
4,487,316
5,033,603
Return on Invested Capital (%)
- -
- -
- -
- -
- -
12.2
- -
6.57
- -
12.4
5.38
- -
- -
2.4
Return on Capital (%)
- -
- -
- -
- -
- -
9.9
- -
1.04
- -
-3.29
1.49
- -
- -
0.82
Return on Common Equity (%)
-10.74
1.98
0.21
-7.16
-4.71
24.03
9.33
8.18
32.69
2.94
3.43
-12.57
-8.39
3.26

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,311,774
2,283,777
2,462,531
LT Borrowings
1,297,706
1,483,923
1,660,692
LT Finance Leases
3,396
2,965
2,549
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
134
134
135
Market Capitalization
6,376,477
12,201,984
18,890,260

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,356,922
3,059,141
3,454,380
Cash, Cash Equivalents & STI
703,505
1,574,866
1,422,425
Accounts Receivable, Net
530,557
248,000
474,455
Inventories
873,919
919,167
1,069,221
Total Current Liabilities
2,701,789
3,056,040
3,409,760
Payables & Accruals
- -
- -
- -
ST Debt
2,311,774
2,283,777
2,462,531
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
52.91%
60.42%
16.9%
Free Cash Flow
194.97%
232.86%
-57.01%
Net Income, GAAP
-517.48%
60.39%
-27.28%
Sales/Revenue/Turnover
61.41%
66.53%
9.12%
Total Cash Common Dividend
- -
257.33%
1,137.84%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,020,594
864,090
594,279
648,891
3,127,853
2025
806,827
931,705
959,384
715,105
3,413,022
2026
818,256
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-45.69
-321.57
-507.84
-449.19
-1,536.27
2025
-6
-212.75
518.51
-1,408.7
-1,118
2026
1,555.58
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
46.71
2025
- -
- -
- -
444.55
578.6
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jang-Woo Kim
Full Time Employees
185
Sector
Process industries
Industry
Chemicals: major diversified
Address
267-12, Seongsuryeom-ro, Ochang-eup, Cheongwon-gu Cheongju-si NC South Korea 28116
IPO Date
Jul 20, 2007
Business
Ecopro Co., Ltd. (086520.KQ), founded in 1998 and headquartered in Cheongju, South Korea, serves as a holding company focused on eco-friendly materials for environmental protection and energy storage solutions, operating primarily in South Korea with international reach through subsidiaries. The company offers air pollution control technologies including chemical adsorbents, purification filters for industrial facilities, vehicles, and gas masks; chemical air filters removing harmful gases; greenhouse gas reduction equipment such as De-NOx systems; complex bad odor and VOCs removal systems; cathode active materials (CAM) and precursors for lithium-ion batteries used in electric vehicles, power tools, and energy storage systems; high-nickel anode materials; battery recycling services; and industrial gas production. Its subsidiaries encompass EcoPro BM, specializing in cathode materials spun off in 2016; EcoPro HN for air environment solutions separated in 2021; EcoPro Materials launched in 2018 in Pohang; and EcoPro Innovation and EcoPro AP established in 2022, forming the EcoBattery Pohang Campus ecosystem. Recent developments include the completion of a Hungary factory in December 2025 to target the European market; initiation of high-voltage mid-nickel production in October 2025; a strategic partnership via letter of intent with Green Li-ion in September 2025 for recycled NCM hydroxide supply starting 2026; a July 2025 lithium hydroxide supply agreement with SK On; an August 2024 memorandum of understanding with GEM for precursor purchases through 2028; and an investment partnership with GreenTM in 2024 for lithium projects in Ontario.