LGD Posts Quarterly Profit After One Year... Reduced Last Year's Operating Loss by 2 Trillion Won

Annual Sales Reach 26.6 Trillion Won, Up 24.8% Year-on-Year
Fourth Quarter Operating Profit Recorded at 83.1 Billion Won

LG Display has reduced its loss by approximately 2 trillion won compared to the previous year.

LG Display

On the 15th, LG Display announced through a disclosure of changes in sales or profit structure that its consolidated annual sales for last year amounted to 26.6153 trillion won, with an operating loss of 560.6 billion won. Sales increased by 24.8% compared to the previous year (21.3308 trillion won), and the operating loss decreased by about 2 trillion won compared to the previous year (2.5102 trillion won).

LG Display's cumulative sales from the first to the third quarter of last year were 18.7825 trillion won, with a cumulative operating loss of 643.7 billion won.

In the fourth quarter of last year, the company recorded sales of 7.8328 trillion won and an operating profit of 83.1 billion won. This marks LG Display's first quarterly profit in one year since the fourth quarter of 2023 (131.7 billion won).

This is interpreted as a result of advancing business structure optimization to strengthen competitiveness centered on OLED business and focusing company-wide on cost reduction and operational efficiency activities.

LG Display stated, "With a system established for a stable profit structure and continued improvement in performance, expectations for this year's results are rising, and the normalization of management is becoming visible."

In his New Year's address, Jung Cheol-dong, President of LG Display, said, "This year, let us demonstrate more persistent execution to make it a year that lays the foundation for management normalization beyond turnaround," and presented three practical directions: strengthening quality and cost innovation, providing differentiated value, and fostering an organizational culture focused on performance creation.

Meanwhile, this disclosure follows regulations requiring large corporations to mandatorily disclose annual performance on the day the initial internal settlement is confirmed if annual sales or profit structure changes by 15% or more compared to the previous fiscal year. The announced results are estimated figures based on Korean International Financial Reporting Standards (K-IFRS).

LG Display plans to announce detailed results and status of the fourth quarter and annual settlement for last year through a performance conference call on the 22nd.