EcoPro BM Co Ltd
KOSDAQ:247540
EcoPro BM Co Ltd
EcoPro BM Co., Ltd., based in South Korea, stands at the forefront of the material manufacturing industry, carving out a significant niche in the production of cathode materials for lithium-ion secondary batteries. With the global surge in demand for electric vehicles and large-scale energy storage solutions, EcoPro BM's role is pivotal, providing essential components that power the burgeoning green technology sector. The company's expertise lies in its ability to innovate and enhance the efficiency and stability of cathode materials, which are crucial for improving the performance and lifespan of batteries. This specialization not only positions EcoPro BM as a critical supplier in the supply chain but also places it at the heart of the global transition toward sustainable energy solutions.
The financial lifeblood of EcoPro BM flows from its partnerships and contracts with major battery manufacturers, automotive giants, and energy storage companies, who require high-performing and reliable materials for their products. By continually investing in research and development, EcoPro BM maintains a competitive edge, enabling it to anticipate industry trends and adapt to the evolving needs of its clientele. Moreover, the company benefits from economies of scale, which allows it to optimize its production processes and maintain cost competitiveness in the market. EcoPro BM’s commitment to quality and innovation ensures its sustained profitability and strengthens its position as an indispensable player in the push for a cleaner, more efficient energy landscape.
EcoPro BM Co., Ltd., based in South Korea, stands at the forefront of the material manufacturing industry, carving out a significant niche in the production of cathode materials for lithium-ion secondary batteries. With the global surge in demand for electric vehicles and large-scale energy storage solutions, EcoPro BM's role is pivotal, providing essential components that power the burgeoning green technology sector. The company's expertise lies in its ability to innovate and enhance the efficiency and stability of cathode materials, which are crucial for improving the performance and lifespan of batteries. This specialization not only positions EcoPro BM as a critical supplier in the supply chain but also places it at the heart of the global transition toward sustainable energy solutions.
The financial lifeblood of EcoPro BM flows from its partnerships and contracts with major battery manufacturers, automotive giants, and energy storage companies, who require high-performing and reliable materials for their products. By continually investing in research and development, EcoPro BM maintains a competitive edge, enabling it to anticipate industry trends and adapt to the evolving needs of its clientele. Moreover, the company benefits from economies of scale, which allows it to optimize its production processes and maintain cost competitiveness in the market. EcoPro BM’s commitment to quality and innovation ensures its sustained profitability and strengthens its position as an indispensable player in the push for a cleaner, more efficient energy landscape.
Revenue Decline: Q4 revenue was KRW 499.2 billion, down 20% quarter-over-quarter, reflecting lower North American shipments and a drop in ESS sales.
Operating Profit Drop: Operating profit fell 19% QoQ to KRW 41 billion, impacted by lower sales but partially offset by improved research expense efficiency and changes in asset depreciation.
European Strength: Shipments to Europe rebounded, with EV sales up 4% QoQ due to increased customer orders and subsidies set to return.
North America Weakness: North American sales declined 20% QoQ as consumer EV subsidies ended and Ford-related volumes dropped after JV dissolution.
2025 Outlook: Management expects around 30% YoY growth in sales volume, driven by European expansion and new factory ramp-up.
Hungary Factory: Mass production in Hungary begins in H1 2025, aiming for 10,000 tons output this year and up to 30,000 tons in 2026.
Inventory Build: Inventory rose 19% QoQ due to slow US sales and strategic stockpiling ahead of 2026 production plans.
Product Innovation: Progress continues on solid-state battery materials, LMR cathodes, and LFP products, with mass production targeted for coming years.
