Q2 2026 OCI Holdings Co Ltd Earnings Call Transcript
Key Points
- OCI Holdings Co Ltd (XKRX:010060) reported a 15% quarter-over-quarter revenue growth, reaching approximately KRW1.02 trillion.
- Operating profit increased significantly to KRW108 billion, driven by successful sales of a 500-megawatt solar project in the US.
- The company's net-debt ratio improved, decreasing to 18.6% from 20.1%, due to stronger cash flow from higher EBITDA and pre-sale proceeds.
- OCI TerraSus achieved a 90% operating rate in Q2, reducing production costs and setting the stage for a potential return to profitability in Q3.
- OCI Enterprises, the US energy business, saw a 67% increase in revenue, with substantial improvement in operating profit due to the solar-project sale.
- OCI TerraSus reported a minor operating loss due to subdued market demand and delayed Section 232 investigation results.
- MSCE's solar-module sales declined, resulting in a minor operating loss despite higher average selling prices.
- OCI SE faced operating losses close to Q1 levels, impacted by high fuel costs and ongoing boiler-maintenance expenses.
- The debt-to-equity ratio increased by 3.8 percentage points quarter-over-quarter due to new borrowings for capital expenditures.
- Short-term policy uncertainties around Section 232 continue to pose challenges for the company's market outlook.
Thank you for joining the Q2 2026 earnings call of OCI Holdings Company. I am Su Mi Lee, COO of OCI Holdings Company. I will walk you through our key financial results and business updates.
You can see our Q2 consolidated income statement in page 5. For the second quarter of 2026, OCI Holdings recorded consolidated revenue of approximately KRW1.02 trillion and an operating profit of KRW108 billion.
Despite challenging market conditions, marked by Middle East tensions and policy uncertainties, revenue grew by 15% QoQ. Operating profit rose sharply.
This was driven by OCI Energy's successful sales of a 500-megawatt solar project in the US and improved profitability in OCI's chemical-materials business.
Meanwhile, OCI TerraSus reported a minor operating loss, as market demand remained subdued. While operations fully recovered and cost efficiency improved QoQ, this remained subdued, as customers waited for the outcome of the Section 232 investigation.
I
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
