LG Energy Solution Q2 Profit Plummets 77%

LG Energy Solution Q2 Profit Forecast

LG Energy Solution (KS:373220) announced a preliminary estimate for its second‑quarter (April‑June) operating profit of 113.3 billion won, representing a 77 % decline from the 492.1 billion won recorded in the same quarter a year earlier. The company noted that this sharp drop is driven by sluggish global electric‑vehicle (EV) demand, which continues to pressure earnings in the battery sector.

The forecast follows a operating loss of 207.8 billion won in the January‑March quarter, indicating a reversal from loss to profit but still far below the prior‑year level. Despite the profit contraction, LG Energy Solution reported that revenue increased 24.8 % year‑on‑year to 7.56 trillion won and grew 15.3 % sequentially from the previous quarter, according to the preliminary results.

These figures are preliminary and subject to external audit; the final earnings may differ from the numbers disclosed.