SKC Co. Reports Narrowing Losses in Q1 2026 as Revenue Climbs

SKC Co., Ltd. (011790.KS) has reported a narrowing of losses for the first quarter of 2026, signaling a recovery in its financial performance. The manufacturer of basic chemical raw materials and battery copper foils saw a notable improvement in both operating and net results compared to the same period last year. The results indicate a positive trajectory for the company as it manages its cost structures and expands its top-line revenue. This improvement comes amid a competitive landscape for battery materials, where operational efficiency is critical for returning to profitability. For the first quarter, the net loss attributable to shareholders of the parent company decreased by 22.2%, falling to KRW 81.6 billion from KRW 104.9 billion in the prior year. The operating loss saw an even sharper decline, narrowing 61.2% to KRW 28.7 billion from KRW 74 billion. Revenue grew to KRW 496.6 billion, up from KRW 437.9 billion. Investors reacted positively to the narrowing losses and revenue growth, driving the company's shares up 7.84% on the Korean Stock Exchange. The price action reflects market optimism regarding the company's path toward breaking even and its ability to scale its core battery foil business.