OCI Holdings Posts Second Quarter Operating Profit of 108 Billion Won, Turns a Profit for Three Consecutive Quarters

Profit Boost from U.S. Solar Project Sale
Expanding Polysilicon and Wafer Capacity to Meet AI-Driven Demand

OCI Holdings announced on July 23, 2026, that its consolidated revenue for the second quarter of this year reached 1.0231 trillion won, with operating profit at 108 billion won and net profit at 60.6 billion won. Since the fourth quarter of last year, the company has maintained an operating profit for three consecutive quarters, raising expectations for turning a profit on an annual basis.

Exterior view of OCI Terasus, a Malaysian subsidiary of OCI Holdings. OCI Holdings

The improvement in earnings is attributed to several factors: OCI Energy, a subsidiary of OCI Enterprises (the company’s U.S. solar business holding company), generated profit by selling a 500MW solar power project; in addition, key subsidiaries such as OCI and DCRE also reported balanced improved performances. In the same period last year, the company posted 776.2 billion won in revenue, an operating loss of 80.3 billion won, and a net loss of 82.4 billion won.

OCI Holdings is building a U.S.-focused solar supply chain using its polysilicon production base in Malaysia and wafer manufacturing base in Vietnam. OCI TerraSus stabilized costs by normalizing its solar-grade polysilicon production line. The company recently signed a long-term supply agreement (LTA) with a new U.S. customer and has completely sold out its existing annual production capacity of 35,000 tons.

To meet the rising solar power demand driven by U.S. AI infrastructure expansion, the company plans to increase its annual polysilicon production capacity from the current 35,000 tons to 70,000 tons by 2029.

Vietnam-based wafer manufacturer NEOSILICON Technologies will also expand its production capacity to 11.5GW by 2029. The company currently operates a 2.7GW production system that supplies products to customers and has recently signed an LTA in line with the expanded production capacity. Supply to new U.S. customers is scheduled to begin next year.

OCI Energy secured profits in the U.S. by selling its 500MW La Salle project. The project aims to break ground by the end of this year, and the company is currently negotiating a power purchase agreement (PPA) with a major local big tech company.

Currently, OCI Energy holds development assets consisting of 29 projects, totaling 6.5GW in capacity—including 3.4GW of solar power and 3.1GW of energy storage systems (ESS), primarily focused in Texas.

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