LX International (001120) Q1 2026 earnings summary

Executive summary

• Sales for Q1 2026 reached KRW 4,211.3 billion, up 4% year-over-year, with operating profit of KRW 108.9 billion and net profit of KRW 73.5 billion, marking a turnaround from a loss in 4Q 2025.

• The company maintained a diversified business portfolio across resources, trading/new growth, and logistics, with LG Electronics accounting for 39.3% of sales.

Financial highlights

• EBITDA for Q1 2026 was KRW 220.9 billion, up 4% year-over-year and 34% sequentially.

• Gross profit improved to KRW 405.9 billion from KRW 373.6 billion in Q1 2025, with a gross margin of 9.6%.

• Total assets increased to KRW 9.78 trillion from KRW 9.33 trillion at the end of 2025.

• Shareholders’ equity rose to KRW 3.64 trillion.

• Basic EPS was KRW 1,733, down from KRW 2,782 in Q1 2025.

Outlook and guidance

• Increased sales from the AKP nickel mine and palm plantation are expected to support future growth.

• The company is investing in high-growth minerals such as nickel and bauxite, expanding ESG-aligned trading and logistics, and aims to maintain a stable dividend payout ratio above 30%.