LG Display recorded KRW 5.587 trillion in revenues and KRW 116 billion in operating loss in the second quarter of 2025.
The company’s first half results were KRW 11.652 trillion in revenues and KRW 82.6 billion in operating loss, a 3% decrease in revenues but a KRW 480.5 billion operating loss improvement compared with the previous year’s first-half results (KRW 11.961 trillion in revenues and KRW 563.1 billion in operating loss).
LG Display is continuing its trajectory toward a full-year performance turnaround, driven by the advancement of its OLED-centered business structure, improvements in cost structure, and enhanced operational efficiency.
With the second quarter being the traditional off-season when demand declines before new product launches in the second half of the year, mobile shipments declined sequentially. Other factors impacting performance included LG Display’s LCD TV business exit, in line with its strategy to advance its OLED-centered business structure, as well as a weaker KRW/USD exchange rate.
Net profit turned positive to KRW 890.8 billion, reflecting improved foreign exchange gains due to exchange rate fluctuations and other gains, including a gain on the sale of a stake in its Guangzhou LCD plant.
TV panels accounted for 20% of revenues in the second quarter, while those for IT devices including monitors, laptops, and tablet PCs accounted for 42%. Panels for mobile and other devices accounted for 28% and automobile panels accounted for 10% of revenues.
OLED products accounted for 56% of LG Display’s total revenues, marking a 4%p increase year-on-year. Backed by its strengthened technological competitiveness in OLED, the company is expanding its business performance. In addition, LG Display is focusing on reinforcing its fundamentals by continuously pursuing cost innovation and operational efficiency.
In its small- and mid-sized OLED business, the company aims to strengthen its competitiveness in the high-end market based on its technology leadership, including Tandem OLED technology, which has excellent durability and performance characteristics such as long lifespan, high brightness, and low power consumption, as well as being able to offer stable smartphone panel supply capabilities.
With regard to its large-sized OLED business, LG Display will solidify its leadership in the premium market with a diverse lineup of OLED panels delivering differentiated value, including fourth-generation OLED TV panels underpinned by the company’s proprietary Primary RGB Tandem technology, and gaming monitors that have achieved the triple crown of the world's highest brightness, refresh rate, and response time.
As for its automotive display business, LG Display will continue to create differentiated customer value based on innovative technologies and product competitiveness, enabling ultra-large size, high definition, reliability and durability, low power consumption, and various form factors.
“In the second half of the year, we expect a sharp rebound in earnings with expanded performance across our OLED business, and we will continue to improve cost innovation and operational efficiency to strengthen our stable profit structure,” said Sung Hyun Kim, CFO of LG Display. Kim added, “We are also improving our financial structure, including the early repayment of loans and reduction of borrowing, at a faster pace than originally planned, so we will show meaningful results in both earnings and financial structure this year.”
