WCP Remains in the Red in Q4 2025... "Expecting ESS-driven Gains in 2026"

WCP Chungju Headquarters

Double U C P (WCP), a secondary battery separator manufacturer, announced on the 12th that it posted sales of 27.1 billion won and an operating loss of 39.3 billion won in the fourth quarter of 2025. Compared to the previous quarter, sales and operating profit decreased by 200 million won and 8.3 billion won, respectively, continuing to stay in the red.

The company stated, "In the fourth quarter, we actively responded to the increase in energy storage system (ESS) demand from strategic customers and vigorously pushed forward projects to directly supply customized electric vehicle products to U.S. customers," adding, "However, the supply of some small-sized batteries was limited due to a demand gap in downstream industries." The company also noted that part of the fixed cost burden stemming from a temporary decline in utilization rate was reflected.

The company expects that, starting from the first quarter of this year, sales will expand mainly around ESS and that results from strategic customers will become visible.

The company said, "We anticipate continued expansion of domestic ESS supply and ongoing preparations for overseas supply, and we expect positive feedback from evaluations of high-quality electric vehicle products for U.S. customers," adding, "As higher sales lead to an increase in utilization rate, the fixed cost burden will ease, and based on our technological competitiveness, we also foresee an increase in market share among strategic customers."

A company representative stated, "Through structural demand growth centered on ESS, expansion of our strategic customer base, and supply to new customers, we expect 2026 to be a turning point for performance improvement," adding, "We will continue to strengthen our position in the global market based on technological competitiveness and cost innovation."

This content was produced with the assistance of AI translation services.