How did OCI Co. achieve a net profit in Q1 despite a revenue decline?

OCI Co. achieved a net profit of 30.5 billion won in Q1—swinging from a net loss of 9.4 billion won a year earlier—due to a significant improvement in operating income, which surged 75% year-over-year to 27.5 billion won, driven by profitability recoveries across both the basic chemicals and carbon materials divisions.

What were the key performance drivers in OCI’s carbon materials and basic chemicals divisions in Q1?

In the carbon materials business, sales fell 8% year-over-year to 336 billion won, but operating income jumped 77% to 32 billion won, fueled by improved product prices and higher pitch sales; meanwhile, the basic chemicals division posted sales of 185 billion won (down 1.5% YoY) but returned to profitability with an operating profit of 1 billion won—up from an operating loss of 7 billion won a year earlier—despite sequential declines in semiconductor materials and chemicals subsegments due to lower electronic-grade polysilicon sales and scheduled maintenance at chlor-alkali and TDI facilities.

OCI Reports Improved Profit Despite Decline in Revenue

Apr 24, 2026

OCI Co. swung to a net profit in Q1 despite a 5.9% revenue drop, driven by improved margins in basic chemicals and carbon materials. The company expects semiconductor material performance to recover in the second quarter.

chemweek

2026-04-24

OCI Reports Improved Profit Despite Decline in Revenue

OCI Reports Improved Profit Despite Decline in Revenue

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