Korea Zinc Co., Ltd. · KRX:010130
Korea Zinc — Q2 2026 Earnings Presentation
24 slides from Korea Zinc's earnings presentation, Aug 6, 2026
Slide 1: Korea Zinc 2Q 2026 Earnings Release
Korea Zinc 2Q 2026 Earnings Release August 6th, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward looking information and statements with respect to market conditions, financial conditions, results of operations and business, and plans of the management. Please note they may differ from actual results. Financial results herein are under audit review,
Slide 3: Contents
CONTENTS 2Q 2026 Business Results Results & Outlook by Business • Korea Zinc (Standalone) • KZ Trading • Sun Metals Corporation Business Highlights Appendix
Slide 4: 2Q 2026 Business Results (Consolidated)
1. 2Q 2026 Business Results (Consolidated) Earnings by Business (Billion Won) Quarterly Results (Billion Won) KZ(Standalone) KZ Trading SMH Steel Cycle and others 2Q25 3Q25 4Q25 1Q25 2Q26 QoQ YoY 6,373 6,072 Sales 3,825 4,160 4,770 6,072 6,373 +301 +2,547 1,481 1,805 4,770 Gross 4,160 390 390 616 95
Slide 5: Financial Position
2. Financial Position Balance Sheet (Billion Won) Financial Ratios 3Q25 4Q25 1Q26 2Q26 QoQ Liabilities/Equity Debt/Equity Net Debt/Equity** Asset 15,773 20,396 21,496 22,721 +1,226 Current Assets 7,962 12,069 9,860 10,453 +594 96.0% 87.2% Cash and Equivalents 653 3,451 1,032 905 -126 83.7% Short-ter
Slide 6: Korea Zinc Standalone: Earnings by Product
3-1. Korea Zinc Standalone Korea Zinc (Standalone) KZ Trading Sun Metals Corporation Quarterly Earnings by Product (bn KRW) 4,295 2Q Results 4,046 4% 3% (Revenue ratio) 6% • Despite softer precious metal prices 14% 5% 3,075 기타 due to higher U.S. interest rates and 15% Others prolonged geopolitical t
Slide 7: Korea Zinc Standalone: Minor Metals Earnings
3-2. Korea Zinc Standalone Korea Zinc (Standalone) KZ Trading Sun Metals Corporation Quarterly Earnings by Product (bn KRW) 144 1% 2Q Results 127 11% (Revenue (매출비중)ratio) 3% 2% • Antimony and bismuth sales increased 4% 10% Others 기타 by having advanced facilities and 10% 4% 97 97 4% 비스무스 Bismuth hig
Slide 8: KZ Trading
3-3. KZ Trading Korea Zinc (Standalone) KZ Trading Sun Metals Corporation Quarterly Earnings by Product (bn KRW) 501.3 17 (Revenue (매출비중) ratio) 2Q Results 374.9 374.6 기타 Others 334.5 20 25 Other Metals • Revenue grew sharply, driven by 291.9 297 기타금속 17 higher sales of key non-ferrous metals Lead 연
Slide 9: SMC (Sun Metals Corporation)
3-4. SMC Korea Zinc (Standalone) KZ Trading Sun Metals Corporation Quarterly Earnings by Product (‘000USD) 298,975 277,596 285,846 276,739 (Revenue ratio) (매출비중) 2Q Results 40,160 69,232 LGLC* and Others 62,351 80,865 Acid • With logistics normalization, 190,747 9,166 9,118 15,756 production recover
Slide 10: Business Highlight
Business Highlight Critical Metal Forecast Minor Metal Business Update
Slide 11: Demand Outlook for major critical metals
1. Demand Outlook for major critical metals • Demand for critical metals such as copper, germanium, and gallium, structurally increases with the growth of advanced industries • Rising supply chain risks are expected to position , Korea Zinc to benefit as a key supplier of critical industrial metals
Slide 12: Critical Metal Updates
2. Critical Metal Updates • Korea Zinc plans to begin germanium production from 2027, strengthening its position in critical industry supply chain. • At the same time, Korea Zinc is working to maximize output of ultra-high-purity indium to address AI and optional communication demand 1. Germanium 2.
Slide 13: Appendix
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Slide 14: Holding Structure
Holding Structure Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Smelting Renewables & Hydrogen Secondary battery materials Resource recycling (%) equity stake Sun Metals Crucible KZ Tra
Slide 15: Shareholder Return Policy
Shareholder Return Policy Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials • Shareholder return policy raised from 30% dividend payout ratio to maintaining 3-year average shareholder retur
Slide 16: Historical Sales Volume
Historical Sales Volume Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Unit : 10kt(Zinc, Lead), 100t(Silver), %(Actual/Target) 102% 99% 94% 16 65 64 17 63 14 60 99% 96% 90% 16 15 45 11 4
Slide 17: Metal Prices & FX
Metal Prices & FX Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials USD/KRW(Avg.) Zinc(USD/MT) Lead(USD/MT) 1,600 3,800 2,300 1,550 3,600 3,457 2,200 3,400 1,500 1,501 3,235 3,200 2,100 1,4
Slide 18: Metal Prices & FX
Metal Prices & FX Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Antimony(USD/MT) Indium(USD/kg) Bismuth(USD/lb) 20.00 70,000 900 17.62 791 18.00 16.81 16.33 60,000 57,826 800 54,570 16.
Slide 19: Metal Prices & FX
Metal Prices & FX Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials LME Price & Raw Materials Cost Trend (USD/t) Zinc Lead Lead 연 평균LME LME 연 매출원가 Lead 원재료비(LME) raw materials cost (LME) Zi
Slide 20: Zinc TC & Earnings
Zinc TC & Earnings Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Benchmark TC, FX & OP(Standalone) (bn KRW, USD/t) Revenue Operating Profit LME (Zinc) TC (Zinc) USD/KRW 3,485 10,534 3,0
Slide 21: Sales Volume by Metal
Sales Volume by Metal Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Korea Zinc (Standalone) bn KRW 2Q25 3Q25 4Q25 1Q26 2Q26 QoQ YoY Domestic 62,761 70,517 63,010 61,476 67,231 +9.4% +7.
Slide 22: Sales Revenue by Metal
Sales Revenue by Metal Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Korea Zinc (Standalone) bn KRW 2Q25 3Q25 4Q25 1Q25 2Q26 QoQ YoY Domestic 262 285 293 306 352 +15.1% +34.2% Zinc Expo
Slide 23: Financials
Financials Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Income Sheet (Consolidated) Korea Zinc (Standalone) (bn KRW) 2Q25 3Q25 4Q25 1Q26 2Q26 QoQ YoY PL(bn KRW) 2Q25 3Q25 4Q25 1Q26 2Q2
Slide 24: Appendix: IR contact
APPENDIX IR contact [email protected]