Songwon Industrial Reports 23.8% Sales Rise and Return to Net Profit in Q2

SONGWON Industrial Group reported Q2/2026 consolidated sales up 23.8% year on year to 328,509 million KRW, with net profit of 29,619 million KRW against a net loss in Q2/2025. Gross profit margin reached 23.8% and EBITDA rose 181.1% to 50,777 million KRW. For H1/2026, revenues grew 10.5% to 597,713 million KRW, and Industrial Chemicals, Polymer Stabilizers, Fuel & Lubricant Additives and Coatings all cited stronger demand, pricing and supply continuity.

Key facts

Market context

Polymer stabilizers protect plastics such as PVC, polyurethanes and thermoplastic polyurethanes from heat, light and oxidative degradation during processing and over their service life, so demand tracks the output of packaging, construction, automotive and consumer goods producers. Organotin stabilizers, which are derived from tin, are a long-established class used especially in rigid PVC applications like pipes, profiles and window frames. Fuel and lubricant additives, by contrast, improve engine performance and wear protection and follow vehicle and industrial lubricant consumption. When a stabilizer maker reports tighter supply, buyers often respond by pre-ordering, which can firm prices and lengthen lead times for downstream converters. Because specialty additive supply is concentrated among a limited number of producers, shifts in availability can also reshape competitive positioning. Visibility beyond a single quarter tends to be limited during such periods, so buyers usually watch order books and raw material costs closely.

Source: official release on songwon.com. Summary and context written by Market Krystal.