Enchem (A348370) Q2 2025 earnings summary

Executive summary

• Reviewed interim consolidated financial statements for the six months ended June 30, 2025, prepared in accordance with K-IFRS 1034, with no material misstatements identified by the auditor.

• The company operates globally in electronic materials, primarily electrolytes for batteries, with subsidiaries in Korea, the US, China, Poland, Hungary, Indonesia, France, and Canada.

Financial highlights

• Revenue for the first half of 2025 was ₩149.1 billion, down from ₩186.5 billion year-over-year.

• Operating loss for the first half was ₩21.9 billion, compared to an operating profit of ₩23.4 billion in the prior year.

• Net income attributable to controlling interests was ₩38.5 billion, a significant turnaround from a net loss of ₩309.5 billion in the prior year.

• Cash and cash equivalents at period end were ₩14.1 billion, down from ₩55.9 billion at the end of the previous period.

Outlook and guidance

• The company maintains sufficient liquidity and unused credit lines to support ongoing operations and investments.

• No significant risks identified that would materially impact financial performance as of the reporting date.