- LG Electronics (LGEJY, Financial) reported a record-breaking Q1 2025 revenue of KRW 22.74 trillion and operating profit of KRW 1.26 trillion.
- The Home Appliance Solution segment saw a revenue increase of 9.3% to KRW 6.70 trillion, while operating profit rose 9.9% to KRW 644.6 billion.
- Vehicle Solution achieved its highest-ever quarterly revenue and profit with a robust order backlog of KRW 100 trillion.
LG Electronics Inc. (LGEJY) announced its highest-ever first-quarter revenue for 2025, achieving consolidated sales of KRW 22.74 trillion and an operating profit of KRW 1.26 trillion. This performance marks the sixth consecutive year of exceeding KRW 1 trillion in operating profit during Q1, highlighting the company's ongoing growth trajectory.
Key to this success was the robust performance across its primary business segments. The Home Appliance Solution Company recorded revenues of KRW 6.70 trillion, marking a 9.3% year-on-year increase, with operating profits climbing 9.9% to KRW 644.6 billion. This segment continues to spearhead LG's growth, leveraging innovation through subscription services and direct-to-consumer (D2C) models.
The Vehicle Solution Company also posted record results with revenues reaching KRW 2.84 trillion and operating profit at KRW 125.1 billion. It maintains a strong order backlog of KRW 100 trillion, contributing to its highest-ever quarterly achievements. The focus remains on expanding high-value product sales and optimizing operations in the electric vehicle (EV) component sector.
Meanwhile, the Eco Solution Company reported a significant revenue increase of 18.0% year-over-year to KRW 3.05 trillion and a 21.2% rise in operating profit to KRW 406.7 billion. The segment benefits from LG's strategic focus on B2B markets, especially in heating, ventilation, and air conditioning (HVAC) solutions.
However, the Media Entertainment Solution Company faced challenges, with first-quarter revenue at KRW 4.95 trillion and operating profit of KRW 4.9 billion. Rising LCD panel prices and higher marketing expenses impacted profitability, although the growth of LG's webOS-based advertising and content platform contributed positively.
Looking ahead to Q2 2025, LG anticipates increased uncertainty due to changing global trade policies and rising market competition. In response, the company plans to expand its product offerings, focus on subscription and online business models, and enhance its B2B opportunities, including built-in appliances and external sales of components such as motors and compressors.
