How did EcoPro BM achieve a net profit in Q1 despite a revenue decline?

EcoPro BM swung to a net profit of 12.2 billion South Korean won ($8.2 million) in the first quarter — up from a net loss of 10 billion won a year earlier — while reporting a 3.9% year-over-year revenue decline to 605.4 billion won; the company attributed the significant profit increase primarily to higher cathode material sales driven by improved electric vehicle sales in Europe and steady demand in the non-EV sector, though it did not disclose specific reasons for the profit surge.

What are EcoPro BM’s key market expectations for the second quarter?

For the second quarter, EcoPro BM anticipates a market slowdown in North America due to the termination of consumer subsidies, expects the positive trend in Europe to continue — supported by strong performance from major original equipment manufacturers and the ramp-up of mass production at its Hungary plant — and notes improving conditions in the non-EV sector, fueled by growing demand from AI data center expansion and the ongoing replacement cycle of e-bikes in Southeast Asia.

EcoPro BM swings to profit despite revenue dip

May 7, 2026

Battery materials producer EcoPro BM swung to a 12.2 billion won net profit in Q1 despite a 3.9% revenue drop. Strong European cathode sales drove the turnaround, with growth expected from its Hungary plant despite a North American slowdown.

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EcoPro BM swings to profit despite revenue dip

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