“Saemangeum Operations Effect”: Eco&Dream Co., Ltd. Continues Quarterly Revenue Growth

[Financial News] Eco&Dream Co., Ltd. has continued to post revenue growth each quarter so far this year, buoyed by increased shipments of rechargeable battery materials. Revenue is expected to grow year on year in the fourth quarter.
According to the electronic disclosure system on the 13th, Eco&Dream Co., Ltd. posted revenue of 25.7 billion won in the third quarter of this year. It followed revenue of 16.2 billion won in the first quarter and 20.2 billion won in the previous quarter, continuing the company’s quarterly revenue growth this year. However, revenue was down from 35 billion won in the same quarter a year earlier.
A spokesperson for Eco&Dream Co., Ltd. said, “We are continuing our revenue recovery, supported by increased shipments of rechargeable battery precursors and expanded supply contracts. We have been gradually ramping up operations at the Saemangeum Campus since July to meet growing demand in North America.” The spokesperson added, “By securing supply volumes for the fourth quarter, we expect to return to an annual growth trajectory next year.”
Rechargeable batteries consist of cathode materials, anode materials, separators and electrolytes. Eco&Dream Co., Ltd. focuses on the precursor business, supplying a raw material used in cathode materials for rechargeable batteries. Cathode materials account for around 40% of the total cost of a rechargeable battery.
Eco&Dream Co., Ltd. expects its results in the fourth quarter to grow year on year, beyond a recovery in revenue. It recently disclosed a single supply contract worth 38.7 billion won for high-nickel NCM precursors. The contract covers volumes to be supplied to a customer over two months, exceeding the 37.3 billion won in revenue the company posted in the fourth quarter of last year.
Eco&Dream Co., Ltd. expects to increase its supply of rechargeable battery precursors next year. Its strategy is to raise utilization at the Saemangeum Campus in preparation for increased orders from major customers. The company expects investment to expand its precursor production capacity to translate into revenue growth from next year, alongside an actual increase in supply.
A spokesperson for Eco&Dream Co., Ltd. added, “Growth in our results has accelerated as increased shipments of rechargeable battery precursors have coincided with expanded operations at the Saemangeum Campus. As supply volumes to existing customers increase, revenue from rechargeable battery precursors will be higher next year than this year.”

[email protected] Kang Kyung-rae Reporter