The company secured 120GWh of order backlog for its ESS batteries and over 300GWh for its 46-Series cylindrical batteries
The company to further diversify its EV/ESS product portfolios to better meet customer needs
SEOUL, South Korea, Oct. 29, 2025 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced its third-quarter earnings for 2025, posting a significant improvement in operating profit.
The company posted consolidated revenue of KRW 5.7 trillion, a 2.4 percent increase quarter-on-quarter. The operating profit reached KRW 601.3 billion, marking a 22.2 percent increase quarter-on-quarter, with an operating profit margin of 10.5 percent. The operating profit includes the North American production incentive, which is estimated at KRW 365.5 billion.
Despite weakened demand for EV pouch-type batteries after the expiration of the U.S. EV subsidy, third-quarter revenue rose slightly compared to the previous quarter, driven by increased ESS battery production at the Michigan facility and the launch of new models from EV (cylindrical batteries) and IT (pouch-type batteries) customers.
In terms of operating profit, although the North American production incentive has declined, the company still delivered a meaningful improvement, thanks to increased ESS battery production in the U.S., the start of mass production of new cylindrical batteries, and continued cost-reduction efforts.
In the third quarter, LG Energy Solution secured new contracts for both residential and grid-scale ESS projects, bringing its ESS battery order backlog to approximately 120GWh (as of the end of Q3 2025). By establishing production capacity in strategic regions, the company is reinforcing its ability to meet customer needs for supply chains without reliance on China.
The company has also successfully diversified the customer base for its cylindrical EV batteries by securing large-scale supply agreements. Specifically, it has won 107GWh ...
