OCI Holdings said on the 11th that, on a consolidation basis, it posted a provisional operating loss of 57.6 billion won last year, swinging to a loss from a year earlier. Revenue for the same period fell 5.5% year over year to 3.3801 trillion won. Net loss came to 144.2 billion won, turning to a loss.
OCI Holdings said the shutdown of OCI Terrasus's solar-grade polysilicon operations due to external policy uncertainties, including U.S. reciprocal tariff and the One Big Beautiful Bill Act (OBBB), affected its results.
Fourth-quarter operating profit was 27.3 billion won, returning to the black from a year earlier. Increased sales from the normalization of solar-grade polysilicon operations at OCI Terrasus and strong pre-sales at urban development subsidiary DCRE contributed.
OCI Terrasus's polysilicon utilization rate recovered to about 90% at year-end, and the decline in manufacturing costs following production normalization also led to improved profitability, the company said.
OCI Holdings is building a non-China solar value chain to respond to policy risks. The Vietnam-based wafer producer "Neosilicon Technology" aims to establish a commercial production system with a 2.7-gigawatt (GW) capacity in the first half and to sell more than 1.8 GW this year.
To meet power demand from artificial intelligence (AI) data centers, OCI Energy has secured a project pipeline totaling 7 GW, centered on Texas. It plans to reach 15 GW in development assets and more than 2 GW in operating assets by 2030.
Lee Woo-hyun, chair of OCI Holdings, said, "We will continue to focus investment on high-growth, high-value-added areas that will keep pace with the AI era, such as power infrastructure and semiconductor materials, and keep working to enhance shareholder value."
Meanwhile, OCI Holdings will pay a cash dividend of 1,000 won per share this year and plans to buy back and cancel treasury shares totaling 50 billion won by 2029.