- LG Energy Solution posts KRW 5.6 trillion in consolidated revenue and KRW 492.2 billion in operating profit in Q2 2025
- The company records quarterly operating profit even without North American production incentive, thanks to product mix improvements and enhanced cost efficiency
- In response to recent policy changes and market demands, the company to focus on ESS business in North America and optimizing its product, technology portfolios
SEOUL, South Korea, July 24, 2025 /PRNewswire/ — LG Energy Solution (KRX: 373220) today announced its second-quarter earnings for 2025, posting a quarterly operating profit even without North American production incentive, mainly through product mix improvements and continued efforts to improve cost efficiency.
The company posted consolidated revenue of KRW 5.6 trillion, an 11.2 percent decrease quarter-on-quarter. The operating profit was KRW 492.2 billion, marking a 31.4 percent increase quarter-on-quarter, with operating profit margin of 8.8 percent. The operating profit includes North American production incentive, which is estimated at KRW 490.8 billion.
“In the second quarter, we secured stable EV battery sales and also started production at our new ESS battery facility in North America,” said Chang Sil Lee, CFO of LG Energy Solution. “However, constrained customer purchase sentiment, coupled with the reflection of metal price decline to our average selling price (ASP) affected our quarterly revenue.”
Lee added, “At the same time, we saw improvements in our product mix thanks to increased production in North America, along with enhanced cost efficiency and favorable material …