Archive · 25 Jul 2025
LG Electronics Q2 Net Profit Dips Amid Rising Costs
LG Electronics made less profit in the second quarter compared to last year, though it was still better than experts thought.
This is because things like shipping and tariffs cost more money.
The company's operating profit went down a lot.
Some parts of the company, like appliances and car parts, did well.
They plan to make more money by offering subscriptions and working with their partners.
LG Electronics' Q2 net profit decreased by 3.1% year-on-year due to rising costs.
Operating profit plunged 46.6% and revenue decreased by 4.4% in the same period.
Net profit exceeded market expectations, attributed to equity gains from affiliates.
Home appliance, vehicle component, and HVAC divisions delivered solid performances.
The company plans to expand subscription services and maintain partnerships for stable revenue.
- Who
- LG Electronics.
- What
- LG Electronics' Q2 net profit declined.
- When
- During the second quarter (April-June).
- Where
- South Korea.
- Why
- Due to rising costs and external challenges.
Market Expectations
Company Performance
Profitability
Market Expectations
Analysts expected a lower net profit.
Company Performance
LG's net profit exceeded market expectations.
- Net Profit
- 609.7 billion won
- Net Profit Change
- Down 3.1%
- Operating Profit
- 639.4 billion won
- Revenue
- 20.73 trillion won
- Home Appliance Sales
- 6.6 trillion won
- Vehicle Component Sales
- 2.85 trillion won