LG Corp (003550) Q3 2025 earnings summary

Executive summary

• Consolidated revenue for 3Q'25 was KRW 5,730B, up 6.3% year-over-year, with net income attributable to controlling interests rising 13.8% to KRW 1,100B, driven by equity method gains and subsidiary growth.

• Consolidated operating profit for 3Q'25 reached KRW 1,334B, up from KRW 1,209B in 3Q'24.

• The group maintained a strong financial position with total assets of KRW 32,235,897 million and equity of KRW 29,175,853 million.

• Separate revenue declined 6% year-over-year to KRW 755B, and net income fell 8% to KRW 525B, mainly due to lower dividend income from affiliates.

Financial highlights

• Gross profit margin improved to 28.5% from 28.7% year-over-year.

• Earnings per share (EPS) for common shares was KRW 7,133, up from KRW 6,235 in the prior year.

• Cash and cash equivalents at period-end were KRW 1,541,653 million.

• Interim and annual dividends paid totaled KRW 783,576 million, with a payout ratio of 83.2%.

• Equity method gains increased 14% year-over-year to KRW 798B, supported by LG Display's recovery and higher stakes in LG Electronics.

Outlook and guidance

• Dividend payout policy targets over 60% of separate net income (excluding non-recurring income), with a 7-year average payout ratio of 67%.

• Interim dividends to be introduced from FY25, with flexible record dates.

• The group expects continued growth in IT services, battery solutions, and telecom, with ongoing investments in AI, cloud, and digital infrastructure.

• Management reaffirmed a commitment to a minimum 60% payout of adjusted net income as dividends.