LX International (001120) Q3 2025 earnings summary

Executive summary

• Sales for 3Q 2025 reached KRW 4.51 trillion, up 18% sequentially but nearly flat year-over-year due to lower ocean freight rates.

• Revenue for the nine months ended September 30, 2025, was KRW 12,386.2 billion, down from KRW 16,637.6 billion in the prior year period.

• Operating profit was KRW 64.8 billion for 3Q 2025, a 7% increase from the previous quarter but down 58% year-over-year; nine-month operating income was KRW 236.7 billion, down from KRW 489.2 billion year-over-year.

• Net profit was KRW 47.2 billion for 3Q 2025, down 16% sequentially and 61% year-over-year; net income attributable to owners of the parent for nine months was KRW 195.2 billion.

• The company maintained a strong cash position with KRW 1,450.0 billion in cash and cash equivalents at quarter-end.

Financial highlights

• EBITDA for 3Q 2025 was KRW 166.4 billion, up 9% sequentially but down 32% year-over-year.

• Gross profit for 3Q 2025 was KRW 348.4 billion, compared to KRW 321.0 billion in 2Q 2025; gross profit for the nine months was KRW 1,043.1 billion, down from KRW 1,131.7 billion year-over-year.

• Total assets increased to KRW 9.29 trillion at the end of 3Q 2025.

• Basic and diluted EPS for the period were KRW 5,428, up from KRW 4,885 in the prior year.

• Debt ratio stood at 168.6%, and net borrowing ratio at 50.2%.

Outlook and guidance

• Increased trading volume in resources and LCD panels expected to support future sales.

• Ongoing expansion in eco-friendly and green projects, including hydropower and battery materials.

• The company continues to focus on portfolio diversification, including investments in nickel mining and glass manufacturing.

• Dividend policy aims to maintain a payout ratio above 20% of controlling shareholder net income.

• No specific forward-looking financial guidance was provided.