LG Energy Solution Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	25,159,408	25,619,585	33,745,470	25,598,609	17,851,906	17,532,816
Revenue Growth (YoY)	-11.77%	-24.08%	31.82%	43.39%	1.82%	-
Cost of Revenue	21,354,751	22,212,250	28,801,928	21,307,810	13,952,811	14,844,240
Gross Profit	3,804,657	3,407,335	4,943,542	4,290,799	3,899,095	2,688,576
Selling, General & Admin	3,819,508	3,741,949	2,981,647	2,736,224	2,874,518	8,224,980
Research & Development	226,823	210,408	192,956	134,804	106,942	49,212
Other Operating Expenses	-1,480,020	-1,480,020	-676,874	-	-	-
Operating Expenses	3,026,823	2,831,948	2,780,308	3,077,080	3,130,625	8,391,048
Operating Income	777,834	575,387	2,163,234	1,213,719	768,470	-5,702,472
Interest Expense	-731,358	-564,200	-315,752	-113,684	-67,011	-94,920
Interest & Investment Income	225,847	222,967	177,939	152,690	21,831	9,612
Earnings From Equity Investments	-8,641	-49,118	-32,450	-36,641	-11,556	14,472
Currency Exchange Gain (Loss)	379,280	-21,975	403,681	-178,890	-48,894	-1,283,712
Other Non Operating Income (Expenses)	-228,377	287,682	-197,396	-11,256	144,982	-187,704
EBT Excluding Unusual Items	414,585	450,743	2,199,256	1,025,938	807,822	-7,244,724
Gain (Loss) on Sale of Investments	85,169	85,395	-14,561	-	3,820	-
Gain (Loss) on Sale of Assets	-139,627	-197,561	-141,235	-61,297	-34,458	-13,524
Other Unusual Items	10,294	10,294	-	30,673	-	-
Pretax Income	372,458	348,871	2,043,460	995,314	777,184	-7,258,248
Income Tax Expense	-95,010	10,269	405,475	215,488	76,523	-1,768,140
Earnings From Continuing Operations	467,468	338,602	1,637,985	779,826	700,661	-5,490,108
Earnings From Discontinued Operations	-	-	-	-	185,176	68,856
Net Income to Company	467,468	338,602	1,637,985	779,826	885,837	-5,421,252
Minority Interest in Earnings	-1,457,159	-1,357,343	-400,805	-12,590	-93,318	-44,928
Net Income	-989,691	-1,018,741	1,237,180	767,236	792,519	-5,466,180
Net Income to Common	-989,691	-1,018,741	1,237,180	767,236	792,519	-5,466,180
Net Income Growth	-	-	61.25%	-3.19%	-	-
Shares Outstanding (Basic)	234	234	234	232	200	200
Shares Outstanding (Diluted)	234	234	234	232	200	200
Shares Change (YoY)	-	-	0.84%	16.02%	-	-
EPS (Basic)	-4229.45	-4353.59	5287.09	3306.43	3962.59	-27330.90
EPS (Diluted)	-4229.45	-4353.59	5287.09	3306.43	3962.59	-27330.90
EPS Growth	-	-	59.90%	-16.56%	-	-
Free Cash Flow	-7,109,281	-7,287,317	-5,478,872	-6,789,733	-2,484,305	1,620,564
Free Cash Flow Per Share	-30381.54	-31142.38	-23413.98	-29260.56	-12421.52	8102.82
Gross Margin	15.12%	13.30%	14.65%	16.76%	21.84%	15.33%
Operating Margin	3.09%	2.25%	6.41%	4.74%	4.30%	-32.52%
Profit Margin	-3.93%	-3.98%	3.67%	3.00%	4.44%	-31.18%
Free Cash Flow Margin	-28.26%	-28.44%	-16.24%	-26.52%	-13.92%	9.24%
EBITDA	3,936,816	3,389,147	4,286,087	2,933,192	2,193,756	-4,315,428
EBITDA Margin	15.65%	13.23%	12.70%	11.46%	12.29%	-24.61%
D&A For EBITDA	3,158,982	2,813,760	2,122,853	1,719,473	1,425,286	1,387,044
EBIT	777,834	575,387	2,163,234	1,213,719	768,470	-5,702,472
EBIT Margin	3.09%	2.25%	6.41%	4.74%	4.30%	-32.52%
Effective Tax Rate	-	2.94%	19.84%	21.65%	9.85%	-
Advertising Expenses	-	40,099	28,457	18,512	13,368	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.