LS Cable Achieves Record Sales of 7 Trillion Won, Driven by AI and Power Grid Demand Expansion

Sales Surpass 7 Trillion Won, Up 12.2% Year-on-Year
Operating Profit Rises 1.9% to 274.5 Billion Won
LS Eco Energy and Marine Solution Also Achieve Record Results

LS Cable achieved its highest-ever financial results last year, driven by the global expansion of power grid investments and a growing backlog of orders amid the so-called AI-driven "power supercycle."

On March 30, LS Cable announced that its consolidated sales for 2025 reached 7.5882 trillion won, with an operating profit of 279.8 billion won. Growth was fueled by rising demand for extra-high voltage and submarine cables, as well as improved performance from subsidiaries such as LS Eco Energy.

These figures represent increases of 12.2% and 1.9%, respectively, compared to sales of 6.7653 trillion won and operating profit of 274.5 billion won in 2024, setting new records for both sales and operating profit.

In particular, the order backlog as of the end of December last year reached a record high of 7.63 trillion won, up approximately 22%. The company explained that this solidifies the stability of its mid- to long-term growth.

Subsidiaries also posted steep growth. LS Eco Energy recorded sales of 960.1 billion won and operating profit of 66.8 billion won, up 10.5% and 49.2%, respectively, year-on-year. This marked double-digit growth for the second consecutive year and set its own new record.

LS Cable Donghae Plant exterior view. LS Cable.

The company attributes this strengthened high-growth structure to increased cross-selling between LS Cable's European and North American operations, as well as surging power infrastructure demand from ASEAN AI data centers.

LS Marine Solution achieved its highest-ever results, with sales reaching 244.2 billion won—a jump of 87.4% from 130.3 billion won the previous year—thanks to increased submarine cable construction for offshore wind farms.

An LS Cable representative commented, "As a global top-tier company, we continue to demonstrate competitiveness in large-scale power grid projects. The growing importance of energy security is further elevating the value of our experience in executing major infrastructure projects. We believe this positions us to achieve our 2030 sales target of 10 trillion won."

LS Cable is also expanding its global production and supply chain investments. The company is building a submarine cable plant in the United States and a bus duct plant in Mexico, and is pursuing cooperation with Lynas—Australia's rare earths supplier, and the only such provider outside of China.

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