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Photo courtesy of OCI |
[Alpha Biz= Kim Jisun] SEOUL, October 28, 2025 — OCI Co., Ltd. reported consolidated revenue of ₩476.3 billion (US$343 million) and an operating loss of ₩6.6 billion (US$4.8 million) for the third quarter of 2025, according to a regulatory filing released Tuesday.
Revenue declined 19.1% year-on-year and 9.6% quarter-on-quarter, marking the company’s second consecutive quarterly loss.
Net loss for the quarter totaled ₩49.3 billion (US$35 million), compared with a net profit of ₩13.9 billion (US$10 million) in the same period last year.
OCI attributed the downturn to continued weakness in global market conditions and non-recurring expenses, including asset impairments related to its newly acquired subsidiary P&O Chemical.
P&O Chemical, which manufactures pitch materials for secondary batteries and hydrogen peroxide for semiconductors, was fully acquired by OCI in March 2025 after the company purchased POSCO Future M’s 51% stake in their former joint venture.
The third-quarter results included a ₩70.5 billion (US$50.7 million) impairment loss associated with P&O Chemical’s High Softening Point Pitch (HSPP) business, impacting profitability.
An OCI spokesperson explained:
“We recognized an impairment loss on the HSPP production facility during the quarter, which weighed heavily on earnings. However, with these one-off expenses now reflected, we expect an earnings rebound starting in the fourth quarter.”
The company added that synergies from integrating P&O Chemical and fixed-cost reductions are expected to improve operational efficiency in the coming quarters.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
