SKC stock faces Q4 test after Q3 loss narrows
Published on 11/01/2026 at 00:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQ3 results and next steps
- SKC increased quarterly sales while its operating loss narrowed year over year.
- The Malaysian copper foil unit is expected to return to operating profit in the fourth quarter.
- Semiconductor materials and chemicals remained the strongest contributors among the reported businesses.
SKC reported higher sales but remained loss-making in the third quarter, with the company pointing to one-time restructuring costs and the ramp-up of its Malaysian copper foil plant. The Herald Business published the figures on Wednesday, October 28, 2026.
Revenue grows as losses narrow
SKC generated third-quarter sales of KRW 638.9 billion, an increase of 26 percent from the same period a year earlier. The operating loss narrowed 9.7 percent year over year to KRW 49.6 billion, but the result remained negative.
The copper foil segment recorded sales of KRW 248.2 billion. Its operating loss reached KRW 54.4 billion as SKC absorbed one-time costs from streamlining domestic production and fixed costs linked to the full-scale ramp-up of its Malaysian factory.
Malaysia is the next earnings test
SKC said its Malaysian subsidiary should return to operating profit in the fourth quarter. The company expects improved electric-vehicle copper foil sales, stronger North American energy-storage demand and the gradual effect of higher selling prices to support the recovery.
The semiconductor materials business generated sales of KRW 71.8 billion and operating profit of KRW 21.8 billion. Growth in high-value products for artificial-intelligence data centers, automotive and robotics applications, together with better margins in memory products, supported the segment.
The chemicals business recorded sales of KRW 317.3 billion and operating profit of KRW 13.4 billion, marking its third consecutive quarter in profit. In glass substrates, SKC is concentrating on reliability testing and yield improvement for embedded products while discussing proof-of-concept testing with customers for mobile communications applications.
Business profile
SKC is a South Korean materials company focused on rechargeable-battery copper foil, semiconductor materials, chemicals and glass substrates. Its products serve electric vehicles, energy storage, artificial-intelligence data centers, automotive and robotics applications, as well as mobile communications. The company is headquartered in Seoul, South Korea.
SKC company facts
- Company: SKC
- ISIN: KR7011790003
- Headquarters: Seoul, South Korea
- Core businesses: Copper foil, semiconductor materials, chemicals and glass substrates
South Korean equities provide the broader market context for KOSPI-listed companies.
