LG Innotek (011070) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was KRW 4,982.8 billion, down from KRW 4,333.6 billion in Q1 2024, with net income at KRW 85.6 billion, a decrease from KRW 138.5 billion year-over-year.

• Operating income for Q1 2025 was KRW 125.1 billion, compared to KRW 176.0 billion in Q1 2024.

• The company operates in three main segments: Optics Solution, Substrate & Material, and Automotive Components.

Financial highlights

• Gross profit margin for Q1 2025 was 7.5%, down from 9.7% in Q1 2024.

• Basic and diluted EPS for Q1 2025 were KRW 3,618, compared to KRW 5,851 in Q1 2024.

• Cash and cash equivalents at the end of Q1 2025 were KRW 1,224.3 billion, down from KRW 1,329.4 billion at the end of 2024.

• Debt-to-equity ratio improved to 1.02 at Q1 2025 from 1.13 at year-end 2024.

Outlook and guidance

• The company expects continued demand in premium mobile, AI server, and automotive electronics, but notes ongoing global economic and geopolitical uncertainties.

• Plans to expand market share in core businesses and invest in new growth areas such as autonomous driving, AI, and robotics.