LG Display Posts KRW 146.7 Billion Operating Profit in Q1... '338% Up', Third Consecutive Quarter in the Black

OLED and High-End LCD Strategy
Cost Reduction and Operational Efficiency Reflected
"Focusing on a Sustainable Profit Structure"

LG Display has recorded a profit for the third consecutive quarter by focusing on OLED (organic light-emitting diode) and high-end LCD (liquid crystal display) technologies, as well as cost innovation strategies.

On April 23, LG Display announced in a regulatory filing that its consolidated operating profit for the first quarter of this year was provisionally tallied at KRW 146.7 billion. This represents a 338% increase compared to the same period last year.

Revenue amounted to KRW 5.534 trillion, reflecting a 9% decrease year-on-year and a 23% decrease quarter-on-quarter. Although the company posted an operating profit, it reported a net loss of KRW 575.7 billion, with the deficit widening compared to both the same period last year (KRW -237 billion) and the previous quarter (KRW -351.1 billion).

LG Display explained, "Thanks to a business portfolio centered on OLED and high-end strategic customers, cost-reduction technologies, and operational efficiency initiatives, operating profit surged by 338%, marking a profit for three consecutive quarters." EBITDA (earnings before interest, taxes, depreciation, and amortization) was KRW 1.141 trillion, with an EBITDA margin of 20.6%.

LG Display's Tandem OLED product exhibited at CES 2026. LG Display. Photo by Yonhap News Agency

The company stated that, despite the seasonal off-peak period, the proportion of OLED sales reached 60% in the first quarter, an increase of 5 percentage points compared to the same period last year. As a result, the average selling price per area also rose by 55% year-on-year.

By product category (based on revenue), TV panels accounted for 16%, IT panels (monitors, notebook PCs, tablets, etc.) for 37%, mobile panels and other products for 37%, and automotive panels for 10%.

LG Display is focusing its capabilities on strengthening business competitiveness centered on OLED, accelerating cost innovation and operational efficiency to establish a sustainable profit structure. For the small-sized business segment, the company plans to flexibly meet diverse technological needs of clients based on its technological leadership and stable supply capabilities, while efficiently utilizing its existing production infrastructure to prepare for the future without disruption.

For the medium-sized segment, the company will continue to improve profitability by focusing on high value-added products, actively responding to customer demand based on its distinctive tandem OLED and high-end LCD technologies.

For the large-sized business segment, LG Display will both enhance its premium product lineup and expand its range of competitively priced products. In particular, for monitors where the transition to OLED is accelerating, the company plans to maximize business opportunities and secure customers by expanding its lineup of gaming products equipped with proprietary technologies.

Seonghyun Kim, CFO of LG Display, stated, "While external uncertainties persist, our competitiveness in high-specification products—an area of strength for us—is increasing, and technological barriers are rising as well. Through company-wide efforts, we will strengthen technological differentiation, ensure financial soundness, and strive to achieve sustainable results that meet the expectations of the market and our customers."

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