[Conference Call] LG Uplus: "Strong Enterprise Infrastructure... AIDC Demand from Major Clients Confirmed"

"Balanced Growth Across All Business Sectors"
"Improving Mid- to Long-Term Profitability Through AX"

LG Uplus reported growth in its first-quarter performance this year, driven by strong results in the enterprise infrastructure sector, including its artificial intelligence data center (AIDC) business. The company emphasized that it will focus on AI transformation (AX) as a key driver for future growth.

LG Uplus logo. LG Uplus

On May 7, LG Uplus announced in a regulatory filing that its consolidated operating profit for the first quarter of this year increased by 6.6% year-on-year to 272.3 billion won. Revenue grew by 1.5% over the same period to 3.8037 trillion won. Net profit rose by 8.4% to 176 billion won.

On May 7, Myunghee Yeo, Chief Financial Officer (CFO) of LG Uplus, stated during a conference call, "In the first quarter of this year, we achieved balanced growth across all business sectors by strengthening the competitiveness of our core telecommunications business." She added, "At Mobile World Congress 2026 (MWC 2026) last March, we unveiled the Paju Data Center (DC), which showcases LG Group's infrastructure capabilities, and 'Ixio,' our voice AI assistant (agent)."

Growth in the enterprise infrastructure sector contributed to improved performance. The AIDC business grew by 31% over the same period to 114.4 billion won. Hyungkyun Ahn, Head of Enterprise AI Business at LG Uplus, commented, "The AIDC business is expanding beyond the traditional co-location model to a full-scale data center design, build, and operate (DBO) business." He added, "In particular, demand for AIDC from large-scale customers continues to be confirmed, and new orders are also following." He further emphasized, "Based on the robust growth of the AIDC business, we will continuously expand the enterprise infrastructure sector by discovering new business opportunities."

The company also announced that it will continue its shareholder return policy. LG Uplus plans to cancel around 80 billion won worth of treasury shares on May 15. CFO Yeo stated, "The board of directors has decided to cancel 1.26% of treasury shares to enhance shareholder value," adding, "This demonstrates our commitment to strengthening shareholder returns by increasing per-share value." She further noted, "Any additional cancellation of treasury shares will be decided by comprehensively considering earnings and other factors once actual results are confirmed."

LG Uplus has announced plans to secure future growth engines through AX. CFO Yeo said, "This year, we will accelerate the adoption of AX across all areas of the company and radically improve our cost structure." She continued, "We will prioritize the application of AX at all customer touchpoints, including call centers and both online and offline stores, to enhance customer experience quality and maximize operational efficiency." Additionally, she emphasized, "By expanding AX-based automation in network infrastructure operations and company-wide work processes, we aim to achieve long-term profitability improvements."

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