SL Energy Posts KRW 1.1 Billion in Cumulative Operating Profit Through Q3, Expands Eco-Friendly Fuel Business

SL Energy recorded cumulative operating and net profits in the first three quarters of this year despite a downturn in the petrochemical industry. It also improved its financial soundness by expanding the share of its eco-friendly fuel business and reducing debt.

SL Energy said it recorded separate-basis revenue of KRW 42.2 billion, operating profit of KRW 1.1 billion, and net income of KRW 490 million for the first three quarters of this year. The company said it delivered these results despite a challenging business environment marked by a downturn in the petrochemical industry and fluctuations in international oil prices stemming from geopolitical risks.

Its financial structure also improved. As of the end of September, total liabilities stood at KRW 4.5 billion, down 11.6% from KRW 5.1 billion at the end of last year. Over the same period, total equity rose 3.5% to KRW 14.4 billion. Accordingly, the debt-to-equity ratio fell 5.4 percentage points, from 36.8% at the end of last year to 31.4%.

SL Energy produces industrial heavy fuel oil (B-C oil) by vacuum-distilling pyrolysis fuel oil (PFO), a byproduct of petrochemical processes. In 2024, it became the first company in its industry to obtain ISCC PLUS, an international certification for sustainable products. It also began supplying bio-heavy oil to power plants in Jeju in the second half of 2025.

The company expects demand for eco-friendly fuels to grow in line with the Renewable Portfolio Standard (RPS) and carbon neutrality policies. It plans to increase the share of its eco-friendly fuel business accordingly and diversify its earnings base.

An SL Energy official said, "Although the industry is facing difficulties and the situation is serious, we will broaden our earnings base by expanding the share of our eco-friendly fuel business."

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