Analysis
LG Energy Solution 2024 Annual Results: Revenue Down 24%, IRA Credits Double
LG Energy Solution
📍 Seoul, South Korea · Est. 2020Listed · KRX: 373220
Researched by 17 professionals in the last 30 days↓
Overzicht
LG Energy Solution, split off from LG Chem in December 2020 and headquartered in Seoul, South Korea, is one of the world's largest battery manufacturers. The company supplies both NMC and LFP cells for energy storage to integrators worldwide, and closed 2025 with a 140 GWh ESS order backlog. Manufacturing runs through Ochang in South Korea, Wroclaw in Poland, Nanjing in China and Michigan in the United States.
In het kort
KRW 23.7T (~US$17.5B)
Omzet
Producten
LG Energy Solution offers 2 BESS products across 2 categories: Battery Cell, DC Block.
Battery Cell
JF2S Cell
Specificaties bekijken
DC Block
JF2S DC LINK
5 MWh
Specificaties bekijken
Wereldwijde aanwezigheid
LG Energy Solution is headquartered in Seoul, South Korea with manufacturing in South Korea, Poland, USA (Michigan), China. 5 known facilities worldwide.
HQ
Manufacturing
Vestigingen
Hoofdkantoor
Seoul, South Korea
Productie
Ochang, North Chungcheong, South KoreaWroclaw, PolandNanjing, Jiangsu, ChinaMichigan, United States
Financiële gegevens en rapporten
LG Energy Solution is publicly listed (KRX: 373220). Key figures from FY2025. Annual report available for download.
Kerncijfers
KRW 23.7T (~US$17.5B)
Omzet
-KRW 1.07T (~-US$795M)
Nettoresultaat
17.9%
Brutomarge
BBB (S&P)
Kredietbeoordeling
Source: 2025 consolidated audit report. Revenue KRW 23,671,759M, down 7.6%. Operating profit KRW 1,346,120M, up 133.9%, a 5.7% margin including the North American production incentive. Net income shown is the result attributable to owners of the parent, a loss of KRW 1,072,810M; profit for the year including non-controlling interests was positive at KRW 80,803M. Credit rating is carried over from the previous profile and was not re-verified this run.
Onafhankelijke analyses
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Analysis
LG Energy Solution 2025 Annual Results: Operating Profit Doubles to KRW 1.35 Trillion, Yet Shareholders Post a KRW 1.07 Trillion Loss
Koersontwikkeling
Duurzaamheid
LG Energy Solution publishes an ESG report covering environmental, social, and governance practices. Key metrics from 2024.
ESG-kerncijfers
5.73 tCO2e/100M KRW
BKG-intensiteit
91%
Afval gerecycled
4,527
R&D-medewerkers
Source: 2024 ESG report. GHG intensity is Scope 1 and 2, market-based. Waste recycling rate 91%, up from 83% in 2022. 32,071 employees across 11 countries, 20,311 of them overseas. Target of RE100 by 2030.
Certificeringen en compliance
LG Energy Solution holds 3 certifications covering quality management, environmental standards, and safety compliance.
ISO 9001
ISO 14001
ISO 45001
