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	Mar '25 Mar 31, 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	25,755,866	25,619,585	33,745,470	25,598,609	17,851,906	17,532,816
Revenue Growth (YoY)	-17.26%	-24.08%	31.82%	43.39%	1.82%	-
Cost of Revenue	22,260,274	22,212,250	28,801,928	21,307,810	13,952,811	14,844,240
Gross Profit	3,495,592	3,407,335	4,943,542	4,290,799	3,899,095	2,688,576
Selling, General & Admin	3,832,951	3,741,949	2,981,647	2,736,224	2,874,518	8,224,980
Research & Development	209,334	210,408	192,956	134,804	106,942	49,212
Other Operating Expenses	-1,748,782	-1,480,020	-676,874	-	-	-
Operating Expenses	2,702,869	2,831,948	2,780,308	3,077,080	3,130,625	8,391,048
Operating Income	792,723	575,387	2,163,234	1,213,719	768,470	-5,702,472
Interest Expense	-627,743	-564,200	-315,752	-113,684	-67,011	-94,920
Interest & Investment Income	220,023	222,967	177,939	152,690	21,831	9,612
Earnings From Equity Investments	-36,986	-49,118	-32,450	-36,641	-11,556	14,472
Currency Exchange Gain (Loss)	-9,920	-21,975	403,681	-178,890	-48,894	-1,283,712
Other Non Operating Income (Expenses)	220,120	287,682	-197,396	-11,256	144,982	-187,704
EBT Excluding Unusual Items	558,217	450,743	2,199,256	1,025,938	807,822	-7,244,724
Gain (Loss) on Sale of Investments	86,956	85,395	-14,561	-	3,820	-
Gain (Loss) on Sale of Assets	-164,739	-197,561	-141,235	-61,297	-34,458	-13,524
Other Unusual Items	10,294	10,294	-	30,673	-	-
Pretax Income	490,728	348,871	2,043,460	995,314	777,184	-7,258,248
Income Tax Expense	137,605	10,269	405,475	215,488	76,523	-1,768,140
Earnings From Continuing Operations	353,123	338,602	1,637,985	779,826	700,661	-5,490,108
Earnings From Discontinued Operations	-	-	-	-	185,176	68,856
Net Income to Company	353,123	338,602	1,637,985	779,826	885,837	-5,421,252
Minority Interest in Earnings	-1,517,140	-1,357,343	-400,805	-12,590	-93,318	-44,928
Net Income	-1,164,017	-1,018,741	1,237,180	767,236	792,519	-5,466,180
Net Income to Common	-1,164,017	-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)	-4974.43	-4353.59	5287.09	3306.43	3962.59	-27330.90
EPS (Diluted)	-4974.43	-4353.59	5287.09	3306.43	3962.59	-27330.90
EPS Growth	-	-	59.90%	-16.56%	-	-
Free Cash Flow	-6,483,629	-7,287,317	-5,478,872	-6,789,733	-2,484,305	1,620,564
Free Cash Flow Per Share	-27707.82	-31142.38	-23413.98	-29260.56	-12421.52	8102.82
Gross Margin	13.57%	13.30%	14.65%	16.76%	21.84%	15.33%
Operating Margin	3.08%	2.25%	6.41%	4.74%	4.30%	-32.52%
Profit Margin	-4.52%	-3.98%	3.67%	3.00%	4.44%	-31.18%
Free Cash Flow Margin	-25.17%	-28.44%	-16.24%	-26.52%	-13.92%	9.24%
EBITDA	3,798,039	3,389,147	4,286,087	2,933,192	2,193,756	-4,315,428
EBITDA Margin	14.75%	13.23%	12.70%	11.46%	12.29%	-24.61%
D&A For EBITDA	3,005,316	2,813,760	2,122,853	1,719,473	1,425,286	1,387,044
EBIT	792,723	575,387	2,163,234	1,213,719	768,470	-5,702,472
EBIT Margin	3.08%	2.25%	6.41%	4.74%	4.30%	-32.52%
Effective Tax Rate	28.04%	2.94%	19.84%	21.65%	9.85%	-
Advertising Expenses	-	40,099	28,457	18,512	13,368	-

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.