LS Achieves Record-High Sales of 31.8 Trillion Won Last Year

Sales Up 15.5% Year-on-Year
Operating Profit Surpasses 1 Trillion Won for Second Consecutive Year
Strong Results from LS Cable and LS ELECTRIC Drive Performance

LS achieved record-high sales last year. Analysts attribute this performance to the strong results of its subsidiaries amid a power supercycle driven by the artificial intelligence (AI) boom and other factors.

On February 2, LS announced that it recorded 31.825 trillion won in sales and 1.0565 trillion won in operating profit last year. Sales increased by 15.5% compared to the previous year's 27.5446 trillion won, setting a new all-time high. Although operating profit decreased by 1.5% from the previous year's 1.0729 trillion won, the company succeeded in surpassing 1 trillion won for the second consecutive year.

Pre-tax profit and net profit reached 683.6 billion won and 486.3 billion won, respectively, up approximately 21% and 24% year-on-year.

The company explained that this sales growth was driven by the rapid rise of the AI and data center industries and the surge in power demand due to the energy transition. As a result, major subsidiaries such as LS Cable, LS ELECTRIC, and LS MnM achieved strong results in markets including North America and Europe. By the end of the third quarter last year, LS Cable and LS ELECTRIC had secured an order backlog of over 10 trillion won in the global market.

LS Cable improved both sales and profitability by expanding orders for high value-added products such as high-voltage direct current (HVDC) submarine cables. LS ELECTRIC also achieved record-high sales (4.9622 trillion won) and operating profit (426.9 billion won), driven by the growth of its global business, particularly in power systems for North American big tech data centers and ultra-high voltage transformers.

LS MnM also posted strong results, with increases in sales (14.9424 trillion won), pre-tax profit (141.1 billion won), and net profit (106.7 billion won), thanks to strengthened profitability in its metals and sulfuric acid product lines and entry into the U.S. copper market.

Meanwhile, LS Group plans to invest approximately 12 trillion won over the next five years, allocating 7 trillion won domestically and 5 trillion won overseas. The group aims to expand production capacity in its core power infrastructure businesses, such as submarine cables and ultra-high voltage transformers, while fostering new businesses in national strategic industries like battery and electric vehicle secondary battery materials and key minerals such as rare earths. Through these efforts, LS Group intends to diversify supply chains and strengthen energy security.

This content was produced with the assistance of AI translation services.