LS Group Achieves Record-High Sales and Operating Profit Last Year... 'Electricity Supercycle' Drives Order Growth

Strong Performance by LS Cable and LS ELECTRIC
Expansion of Orders Driven by the Electricity Supercycle
Order Backlog Exceeds 12 Trillion Won in the US and Europe

LS Group achieved record-high sales and operating profit in 2025, marking the largest results since its establishment in 2003, thanks to last year’s electricity supercycle.

LS Group’s core subsidiaries, including LS Cable, LS ELECTRIC, and LS MnM, performed strongly, recording consolidated sales of 45.7223 trillion won and operating profit of 1.4884 trillion won in 2025 (based on the sum of 12 affiliates and internal accounting standards). Compared to 2024, both sales and operating profit increased by 9.1% and 23.1% respectively, setting new all-time highs.

The primary drivers of this performance were the robust global businesses of LS Cable and LS ELECTRIC. The two companies expanded orders for high value-added products in the power infrastructure sector—including global power grids and AI (artificial intelligence) data centers—by leveraging comprehensive solutions across transmission, substation, and distribution, such as extra-high voltage and submarine cables, ultra-high voltage transformers, switchboards, and bus ducts. As a result, by last year, the two companies secured a backlog of orders exceeding 12 trillion won in global markets such as the United States and Europe, sustaining mid-to-long-term growth momentum.

At the same time, LS MnM saw a significant increase in net profit due to higher copper prices boosting sales, as well as the maximization of profitability in sulfuric acid and precious metals. Major affiliates such as LS Mtron, E1, and INVENI reported improved profitability, with LS Mtron successfully entering the North American injection molding machine market, E1 improving trading LPG performance, and INVENI expanding investment income through enhanced investment expertise.

To sustain this growth trajectory, LS Group is intensively fostering new businesses in key mineral sectors, including precursor materials and nickel sulfate for secondary batteries, as well as rare earth permanent magnets, in addition to its existing power infrastructure operations.

LS-L&F Battery Solution and LS MnM are building battery material plants to produce precursors and nickel sulfate at the Saemangeum National Industrial Complex and Onsan National Industrial Complex, respectively, thereby establishing a K-Battery value chain. In addition, LS Cable is discussing cooperation with the Commonwealth of Virginia in the United States to establish a rare earth permanent magnet plant, an essential material for advanced industries such as electric vehicles (EVs), wind turbines, robots, fighter jets, and urban air mobility (UAM).

To achieve this, LS Group plans to invest 7 trillion won domestically and 5 trillion won overseas over the next five years, aiming to reach 50 trillion won in assets by 2030 as part of its Vision 2030 initiative and to strengthen its future-oriented business portfolio.

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