Seoul, Jan 29 LG Energy Solution, South Korea's leading battery maker, on Thursday reported its fourth-quarter net loss of 772.5 billion won ($541.3 million), remaining in the red compared with a year ago, amid an ongoing slump in electric vehicle (EV) demand.
The company said in a regulatory filing that it continued to post an operating loss of 122 billion won for the October-December period, compared with a loss of 225.5 billion won a year earlier. Sales fell 4.8 percent on-year to 6.14 trillion won.
The loss was nearly fivefold, or 391.4 per cent, higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
LG Energy Solution said it has received a tax credit of 332.8 billion won through the Advanced Manufacturing Production Credit (AMPC) under the U.S. Inflation Reduction Act.
Excluding the AMPC, the company recorded an operating loss of 454.8 billion won in the fourth quarter, the company said.
For all of 2025, the company said its net income came to 80.8 billion won, down 76.1 percent from a year earlier.
The operating profit for the year rose 133.9 percent on-year to 1.34 trillion won. Annual sales decreased 7.6 percent to 23.67 trillion won.
"Last year, due to various policy changes affecting the EV sector, the overall demand environment contracted, leading to an on-year decrease in sales of 7.6 percent," the company said in a release.
LG Energy Solution, however, said its annual operating profit more than doubled as the company focused on selling high-margin products and began full-fledged production of new energy storage system (ESS) batteries in the North American market.
In 2026, LG Energy Solution said it plans to expand its annual sales by 15–20 percent by focusing on small batteries and the ESS segment.
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