Korea-based OLED materials maker Solus Advanced Materials reported its financial results for 2025, with sales of $420 million, up from 8% in 2024, and an operating loss of $49 million. The company says its loss stems from weak copper foil for batteries business.
For its OLED business unit, Solus reported sales of $86 million, similar to its OLED material sales in 2024. It says it plans to increase its OLED sales in 2026 by 10% to $95 million.
In May 2025, Solus Advanced Materials announced that it's green phosphorescence OLED host has received customer approval and is now getting ready to start mass producing it. The company says it has spent years in R&D, and has developed a proprietary host material that offers high performance and a good price level as it does not require deuterium substitution. Solus aims to next develop a red phosphorescence material.
In 2024, Solus Advanced Materials announced that it will double the capacity of its Iksan OLED material plant.
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