LG Energy Solution Reports Q3 Operating Profit of 601.3 Billion Won, Up 34.1% YoY

➀ LG Energy Solution posted Q3 revenue of 5.6999 trillion KRW (approx. $4.38 billion), a 17.1% YoY decline, while operating profit surged 34.1% to 601.3 billion KRW (approx. $462.5 million); ➁ Sequentially, revenue rose 2.4%, and operating profit increased 22.2%. Excluding the 365.5 billion KRW (approx. $281 million) AMPC tax credit under the U.S. IRA, the adjusted operating profit was 235.8 billion KRW (approx. $181 million), marking its second consecutive profitable quarter without subsidies; ➂ The results highlight improved financial resilience and operational efficiency amid market challenges.