LG Display (NYSE: LPL) posts Q1 2026 loss while ramping OLED investment

Rhea-AI Filing Summary

LG Display reported consolidated revenue of W5,534,002 million for Q1 2026. Despite an operating profit of W146,719 million, the company posted a net loss of W575,714 million, or W1,141 basic loss per share, reflecting financing and other non-operating charges.

The business remains highly export-driven, with overseas sales representing 95% of total revenue and IT, mobile and auto displays driving most sales. Management is aggressively investing in OLED, planning mid‑to‑upper W2 trillion of 2026 capital expenditures and a dedicated W1.1 trillion OLED technology infrastructure project through June 30, 2028.

R&D spending reached W574,434 million in Q1 2026, or a 10.4% revenue ratio, as the company pursues advanced OLED, gaming and automotive display technologies. Total assets were W27,295,656 million and equity W7,773,133 million as of March 31, 2026, with no cash or stock dividends paid for recent periods.

Insights

Equity analyst

LG Display shows modest operating profit but a sizable Q1 2026 net loss while leaning into heavy OLED investment.

LG Display generated Q1 2026 revenue of W5,534,002 million and operating profit of W146,719 million, indicating that core manufacturing remains marginally profitable. The net loss of W575,714 million largely reflects finance and other non‑operating items rather than gross margin collapse.

The company is doubling down on OLED and premium displays, planning mid‑to‑upper W2 trillion of 2026 capital expenditures and a specific W1.1 trillion OLED infrastructure project running through June 30, 2028. This strategy increases capital intensity but targets higher‑value segments like gaming, IT and automotive panels.

R&D totaled W574,434 million in Q1 2026, a 10.4% revenue ratio, supporting a large pipeline of “world’s first” products and new technologies. Actual financial impact will depend on demand, industry pricing cycles and the company’s ability to defend or regain market share, which for large panels stood at 11.4% in Q1 2026.

Key Figures

Q1 2026 Revenue: W5,534,002 million Q1 2026 Operating profit: W146,719 million Q1 2026 Net loss: W575,714 million +5 more

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Q1 2026 Revenue W5,534,002 million Consolidated revenue for three months ended March 31, 2026

Q1 2026 Operating profit W146,719 million Consolidated operating income for three months ended March 31, 2026

Q1 2026 Net loss W575,714 million Loss for the period attributable to continuing operations

Basic EPS Q1 2026 W1,141 loss per share Basic and diluted loss per share for three months ended March 31, 2026

Planned OLED investment W1.1 trillion New OLED technology infrastructure, April 22, 2026–June 30, 2028

2026 capex plan Mid-to-upper W2 trillion Planned capital expenditures for 2026, compared with W1.4 trillion in 2025

Q1 2026 R&D spend W574,434 million R&D expenditures before subsidies; 10.4% of revenue

Large-panel market share total 11.4% Worldwide revenue-based share for panels ≥9 inches, Q1 2026

Key Terms

OLED, TFT‑LCD, cross currency interest swap, Zero Waste to Landfill, +2 more

6 terms

OLED technical

"products that apply display technologies such as OLED and TFT‑LCD"

OLED is a display technology that uses thin layers of organic material that produce light when electric current passes through, enabling thinner, more flexible screens with deeper blacks and more vivid color than traditional backlit panels. Investors watch OLED adoption because it affects product appeal, manufacturing complexity and supplier relationships—wider use can boost revenues and margins for makers of phones, TVs and components, while limited adoption can shift competitive and cost dynamics.

TFT‑LCD technical

"our business has been focused on the research, development, manufacture and sale of products that apply display technologies such as OLED and TFT‑LCD"

cross currency interest swap financial

"we entered into an aggregate of USD 1,445 million, CNY 1,740 million cross currency interest swap agreements"

Zero Waste to Landfill other

"we achieved the Gold rating for Zero Waste to Landfill (“ZWTL”) for our Paju and Gumi facilities"

A goal or operational status where a company diverts all its non-hazardous solid waste away from landfills by reducing, reusing, recycling, composting, or recovering energy. Investors care because it signals lower long-term waste disposal costs, reduced regulatory and reputational risks, and alignment with environmental, social and governance (ESG) expectations—much like a household that sorts and repurposes everything to avoid putting anything in the trash can.

Product Carbon Footprint other

"our high-end IT LCD panels received the Product Carbon Footprint (PCF) certification from TÜV Rheinland"

A product carbon footprint is the total amount of greenhouse gas emissions linked to a product across its whole lifespan—from raw materials and manufacturing to transport, use and disposal—usually shown as a single carbon dioxide-equivalent number. Investors care because this “carbon score” helps reveal hidden costs, regulatory or reputational risks, and demand trends: lower footprints can mean lower future expenses, easier access to green markets, and a more resilient long-term investment.

Korean IFRS 1034 Interim Financial Reporting regulatory

"in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (Korean IFRS) 1034 Interim Financial Reporting"

Form 6-K: How Foreign Companies Report to the SEC →

United states
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6‑K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a‑16 OR 15d‑16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

LG Display Co., Ltd.
(Translation of Registrant’s name into English)

LG Twin Towers, 128 Yeoui‑daero, Yeongdeungpo‑gu, Seoul 07336, Republic of Korea
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20‑F or Form 40‑F.

Form 20‑F X Form 40‑F ____

Indicate by check mark if the registrant is submitting the Form 6‑K in paper as permitted by Regulation S‑T Rule 101(b)(1): ____

Note: Regulation S‑T Rule 101(b)(1) only permits the submission in paper of a Form 6‑K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6‑K in paper as permitted by Regulation S‑T Rule 101(b)(7): ____

Note: Regulation S‑T Rule 101(b)(7) only permits the submission in paper of a Form 6‑K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6‑K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3‑2(b) under the Securities Exchange Act of 1934.

Yes _____ No X

QUARTERLY REPORT

(From January 1, 2026 to March 31, 2026)

THIS IS A TRANSLATION OF THE QUARTERLY REPORT ORIGINALLY PREPARED IN KOREAN AND IS IN SUCH FORM AS REQUIRED BY THE KOREAN FINANCIAL SUPERVISORY COMMISSION.

IN THE TRANSLATION PROCESS, SOME PARTS OF THE REPORT WERE REFORMATTED, REARRANGED OR SUMMARIZED AND CERTAIN NUMBERS WERE ROUNDED FOR THE CONVENIENCE OF READERS. REFERENCES TO “Q1”, “Q2”, “Q3” AND “Q4” OF A FISCAL YEAR ARE REFERENCES TO THE THREE-MONTH PERIODS ENDED MARCH 31, JUNE 30, SEPTEMBER 30 AND DECEMBER 31, RESPECTIVELY, OF SUCH FISCAL YEAR. REFERENCES TO “W” ARE REFERENCES TO THE KOREAN WON.

UNLESS EXPRESSLY STATED OTHERWISE, ALL INFORMATION CONTAINED HEREIN IS PRESENTED ON A CONSOLIDATED BASIS IN ACCORDANCE WITH KOREAN INTERNATIONAL FINANCIAL REPORTING STANDARDS, OR K‑IFRS, which differ in certain respects from generally accepted accounting principles in certain other countries, including the United States. K‑IFRS also differs in certain respects from the international financial reporting standards as issued by the international accounting standards board. We have made no attempt to identify or quantify the impact of these differences IN THIS DOCUMENT.

Contents

1. Company

A. Name and contact information

B. Credit rating

C. Capitalization

D. Voting rights

E. Dividends

F. Matters relating to Articles of Incorporation

2. Business

A. Business overview

B. Industry

C. New businesses

D. Customer-oriented marketing activities

3. Major Products and Raw Materials

A. Major products

B. Average selling price trend of major products

C. Major raw materials

4. Production and Equipment

A. Production capacity and output

B. Production performance and utilization ratio

C. Investment plan

5. Sales

A. Sales performance

B. Sales organization and sales route

C. Sales methods and sales terms

D. Sales strategy

E. Major customers

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6. Purchase Orders

7. Risk Management and Derivative Contracts

A. Risk management

B. Derivative contracts

8. Major Contracts

9. Research & Development

A. Summary of R&D‑related expenditures

B. R&D achievements

10. Intellectual Property

11. Environmental and Safety Matters

A. Business environment management

B. Product environment management

C. Safety standards

D. Green management

E. Status of sanctions

12. Financial Information

A. Financial highlights (Based on consolidated K‑IFRS)

B. Financial highlights (Based on separate K‑IFRS)

C. Consolidated subsidiaries as of March 31, 2026

D. Status of equity investments in associates as of March 31, 2026

13. Audit Information

A. Audit service

B. Non‑audit service

C. Non-audit service by an affiliate of independent auditor

14. Management’s Discussion and Analysis of Financial Condition and Results of Operations

15. Board of Directors

16. Information Regarding Shares

A. Total number of shares

B. Shareholder list

17. Directors and Employees

A. Directors

B. Employees

18. Other Matters

A.Legal proceedings

B.Status of collateral pledged to related party

C.Material events subsequent to the reporting period

Attachment: 1. Financial Statements in accordance with K‑IFRS

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1.Company

A.Name and contact information

The name of our company is “EL‑GI DISPLAY CHUSIK HOESA,” which shall be “LG Display Co., Ltd.” in English.

Our principal executive office is located at LG Twin Towers, 128 Yeoui‑daero, Yeongdeungpo‑gu, Seoul 07336, Republic of Korea, and our telephone number is +82‑2‑3777‑1010. Our website address is http://www.lgdisplay.com.

B.Credit rating

This information is omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports.

C.Capitalization

(1)Change in capital stock (as of March 31, 2026)

(Unit: Won, Shares)

Date of Issuance

Method of Issuance

Details of the Shares Issued

Type

Number of Shares

Par value per Share

Offering price per Share

Remarks

March 15, 2024

Paid-in capital increase (share rights offering to existing shareholders)

Common shares

142,184,300

W 5,000

W 9,090

Ratio of paid-in capital increase: 39.74%

(2)Convertible bonds (as of March 31, 2026)

We have no outstanding convertible bonds as of March 31, 2026.

D.Voting rights (as of March 31, 2026)

Description		Number of shares
A. Total number of shares issued(1):	Common shares(1)	500,000,000
	Preferred shares	‑
B. Shares without voting rights:	Common shares	‑
	Preferred shares	‑
C. Shares subject to restrictions on voting rights pursuant to our articles of incorporation:	Common shares	‑
	Preferred shares	‑
D. Shares subject to restrictions on voting rights pursuant to regulations:	Common shares	‑
	Preferred shares	‑
E. Shares with restored voting rights:	Common shares	‑
	Preferred shares	‑
Total number of issued shares with voting rights (F = A – B – C – D + E):	Common shares	500,000,000
	Preferred shares	‑

(1)Authorized: 1,000,000,000 shares

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E.Dividends

Dividends for the three most recent fiscal years

Description (unit)		2026 Q1		2025		2024
Par value (Won)		5,000		5,000		5,000
Profit (loss) for the year (million Won)(1)		(570,691)		226,312		(2,562,606)
Earnings (loss) per share (Won)(2)		(1,141)		453		(5,438)
Total cash dividend amount for the period (million Won)		‑		‑		‑
Total stock dividend amount for the period (million Won)		‑		‑		‑
Cash dividend payout ratio (%)		‑		‑		‑
Cash dividend yield (%)	Common shares	‑		‑		-
	Preferred shares	‑		‑		‑
Stock dividend yield (%)	Common shares	‑		‑		‑
	Preferred shares	‑		‑		‑
Cash dividend per share (Won)	Common shares	‑		‑		-
	Preferred shares	‑		‑		‑
Stock dividend per share (share)	Common shares	‑		‑		‑
	Preferred shares	‑		‑		‑

(1)Based on profit for the year attributable to the owners of the controlling company.

(2)Earnings per share is based on par value of W5,000 per share and is calculated by dividing net income by weighted average number of common shares.

Historical dividend information(1)

Number of consecutive years of dividends(2)			Average Dividend Yield(2)
Interim dividends	Annual dividends		Last 3 years	Last 5 years
─	─		─	0.56

(1)The historical dividend information has been prepared based on the actual dividends declared for the fiscal years 2021 through 2025.

(2)The average dividend yield is calculated using the simple arithmetic average method, including the fiscal years in which no dividend was paid (dividends were paid with respect to fiscal year 2021 only based on the dividend resolution date).

F.Matters relating to Articles of Incorporation

This information is omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports.

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2.Business

A.Business overview

We were incorporated in February 1985 under the laws of the Republic of Korea. LG Electronics and LG Semicon transferred their respective LCD business to us in 1998, and since then, our business has been focused on the research, development, manufacture and sale of products that apply display technologies such as OLED and TFT‑LCD. Sorting by major sales product category, television, IT products, mobile and other products, and “auto” products (comprising automotive display products) accounted for 16%, 36%, 38% and 10% of our total sales, respectively, in the first quarter of 2026. Our customers primarily consist of global set makers, and our top ten customers comprised 93% of our total sales revenue in the first quarter of 2026. As a company focused on exports, our overseas sales accounted for approximately 95% of our total sales in the first quarter of 2026. We have overseas sales subsidiaries located in the United States, Germany, Japan, Taiwan, China and Singapore.

We operate key production facilities in Korea, China and Vietnam, and our cumulative annual production capacity for the first quarter of 2026 was approximately 0.9 million glass sheets, as converted into eighth-generation sheets (2200x2500mm). In order to expand our production capacity of differentiated and competitive products such as OLED panels, our total capital expenditures on a cash out basis was around W1.4 trillion in 2025. In 2026, we plan to increase our capital expenditures to the mid-to-upper W2 trillion range, representing an increase from the previous year.

The major raw materials for display panel production include glass, semiconductors, polarizers, organic matter, backlight units (“BLU”) and printed circuit boards (“PCB”), and the prices of our raw materials may fluctuate as a result of supply and demand in the market as well as changes in our purchase quantity.

The display industry to which we belong is highly affected by the global economic conditions. Given the characteristics of the display business, which requires large-scale investments, display panel prices may fluctuate due to an imbalance between supply and demand, which may affect our profitability. The sales performance of industry players is differentiated by not only the production capacity of each company but also other competitive differences arising from factors including technology, cost structure, product development capability, manufacturing efficiency, quality control and customer relationships, as well as by differentiation in sales volume and pricing utilizing such factors. In addition, given the high proportion of our sales overseas, our sales of display panels are denominated mainly in U.S. dollars whereas our purchases of raw materials are denominated mainly in U.S. dollars, Japanese Yen and Chinese Yuan. Accordingly, our profit margins may be affected by changes in the exchange rates between the currencies. We strive to minimize the risk relating to foreign currency denominated assets, liabilities and operating cash flow due to exchange rate fluctuations.

Our research and development expenses represent approximately 10% of our sales, and we are continually creating customer value through systematic R&D activities for new products and technologies. Leveraging our competitive R&D activities, we are leading the display market by providing differentiated values in display panel products utilizing our OLED and TFT-LCD technologies for various uses including television, IT, mobile products and automobiles.

Consolidated operating results highlights

(Unit: In billions of Won)

		2026 Q1		2025	2024
Sales Revenue		5,534		25,810	26,615
Gross Profit		765		3,376	2,575
Operating Profit (loss)		147		517	(561)
Total Assets		27,296		26,917	32,860
Total Liabilities		19,523		19,077	24,787

B.Industry

(1)Industry characteristics

•From the supply perspective, the display panel industry is technology- and capital-intensive in nature and requires mass production through achieving an economy of scale.

•From the demand perspective, the display panel industry tends to demonstrate a high level of volatility depending on the global macroeconomic conditions, major regional sales events and/or seasonal factors.

•Though the display panel industry is currently facing risks of decreased consumption of related goods in the business-to-consumer sector and reduced investor confidence in the business-to-business sector due to ongoing

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uncertainty in the global macroeconomic environment and rising semiconductor prices driven by the expansion of artificial intelligence (“AI”), there are continued opportunities in the display market to meet changes in consumer lifestyle and specific consumer needs in the mid- to long-term.

•In the market for television display panels, while the overall market remains stagnant, the increase of video content (including over-the-top services), expanding uses of television (such as playing video games) and the growth of the ultra-large TV market are expected to create meaningful opportunities for qualitative growth.

•In the market for traditional IT products, while risks of price increases and demand slowdown exist primarily in the notebook computers sector due to recent semiconductor supply issues, growth opportunities for new offerings such as gaming products, portable products and AI-integrated technology are expected to exist driven by lifestyle changes.

•The growth in the market for smartphone products continues to be concentrated around high value-added products using plastic OLED display panels that offer superior performance through diversification of form factors, low-power consumption and high resolution, in light of the increased use of smartphones for mobile contents and gaming purposes.

•In the market for automotive display panels, display panels are increasingly being used in light of the expanded adoption of in-vehicle infotainment systems, and the market is continuing to demonstrate qualitative growth as the demand for larger and higher-resolution display panels continues to increase.

•As the market for LCD panel-based products has reached a maturity stage, the growing adoption of OLED panels across various segments, driven by their differentiated performance and form factor advantages, is expected to create new opportunities.

(2)Growth Potential

The display panel industry is expected to continue to grow, as the essential role of display products as a key device for information and communication in daily lives of individuals as well as for industrial purposes becomes more pronounced. We are strengthening our business competitiveness based on customer value and developing new markets under our strategic plan to transition our business to center around OLED, which has a strong growth potential within the display panel industry. With respect to large-sized display panels, we are focusing on expanding the OLED market through differentiated products and technology, such as META technology, which offers high-resolution and high-luminance, and Tandem WOLED technology, as well as strengthening business with new customers. We are also leading the expansion into new product areas, such as gaming display panels. In the medium-sized display panel business, we are increasing the proportion of premium products such as high resolution and wide screen products based on IPS and oxide technologies, and we are also increasing the use of OLED panels in IT products to improve power consumption and provide differentiated form factors. In the small-sized display panel business, we have secured high value-added and differentiated technology and stable operating capabilities for 6th generation plastic OLED smartphone displays, while also expanding our customer base in the automotive display panels business by providing optimized display solutions featuring high resolution, high refresh rates and high luminance, based on a diverse portfolio of premium products including plastic OLED, advanced thin OLED and LTPS LCD panels. We are also in the process of proactively preparing the technology to respond to new market opportunities for ultra-small-sized displays, including those in relation to augmented reality and virtual reality uses.

(3)Cyclicality

•The display panel business is characterized by being highly cyclical and sensitive to fluctuations in the general economy. The industry may experience volatility caused by imbalances between supply and demand due to changes in capital expenditure levels and adjustments in production utilization rates within the industry.

•Macroeconomic factors and other causes of business cycles can affect demand for display panels. Accordingly, if supply exceeds demand, average selling prices of display panels may decrease. Conversely, if market demand outpaces supply, average selling prices may increase.

(4)Market conditions

•Most display panel manufacturers are located in Asia as set forth below. Chinese panel manufacturers are expanding their dominance in the TFT-LCD sector through oligopolization of the market, while also pursuing entry into the medium-sized OLED panel market based on investments in new production facilities. In response,

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Korean panel manufacturers are continuing their efforts to maintain their market leadership by strengthening their OLED-focused business structure and to sustain their differentiated competitiveness through technological advancement in the TFT-LCD sector.

a.Korea: LG Display, Samsung Display, etc.

b.Taiwan: AU Optronics, Innolux, etc.

c.Japan: Sharp, etc.

d.China: BOE, CSOT, HKC, etc.

•Our worldwide market share of large‑sized display panels (i.e., panels that are 9 inches or larger) based on revenue is as follows:

		2026 Q1		2025		2024
Panels for Televisions(1)(2)		7.4%		10.4%		14.1%
Panels for IT Products(1)		15.9%		17.6%		19.1%
Total(1)		11.4%		13.4%		15.7%

(1)Source: Large Area Display Market Tracker (OMDIA). Data for 2026 Q1 are based on OMDIA’s estimates, as actual results for 2026 Q1 have not yet been made available as of the date of this report.

(2)Includes panels for public displays.

(5)Competitiveness and competitive advantages

•Our ability to compete successfully depends on factors both within and outside our control, including the development of new and premium products through technological advances, timely investments that achieve profitability, maintaining flexible product portfolio and production facility operations responsive to market conditions, price of our products, competitive production costs, productivity enhancement, our relationship with customers, success in marketing to our end‑brand customers, competitive environment and economic conditions within the industry, and foreign exchange rates.

•In order for us to compete effectively, it is critical to offer differentiated products that enable us to secure profit margins even during times of a mismatch in the market supply and demand, to be price- and cost-competitive and to maintain stable relationships with customers.

•A substantial portion of our sales is attributable to a limited number of end‑brand customers and their designated system integrators. As such, it is important to build a sustained relationship with such customers.

•Developing new products and technologies that can be differentiated from those of our competitors is critical to the success of our business. It is important that we take active measures to protect our intellectual property internationally. It is also necessary to recruit and retain experienced key managerial personnel and skilled line operators.

•As a leading technology innovator in the display industry, we continue to focus on delivering differentiated value to our customers by developing various technologies and products, including display panels with WOLED/POLED, IPS, Oxide, in-TOUCH, Tandem and other technologies. With respect to OLED panels, following our supply of the world’s first 55-inch OLED panels for televisions in 2013, we have continued to achieve ongoing technological innovation by continuing to enhance the performance of our products and to offer differentiated large-sized OLED products such as our large-sized gaming OLED products and those incorporating our META technology. Moreover, we have continually introduced and expanded our high value-added plastic OLED products for smartphones, smartwatches and automotive products, along with our advanced thin OLED products, among others. With respect to TFT-LCD panels, we are leading the market with our competitive advantages in technology, including through our IPS, Oxide and LTPS technology-based desktop and notebook monitors featuring high resolutions, differentiated designs and high frequency refresh rates, and specialized products for automotive, commercial and medical uses. Our production facilities are also equipped to produce products incorporating in-TOUCH technology.

•Moreover, we are maintaining and strengthening close long-term partnerships with major global firms to secure customers and expand relationships for technology development.

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C.New businesses

For our continued growth, we are actively exploring and preparing for new business opportunities in response to the changing market environment. As such, we are continually reviewing and looking at opportunities in the display and promising new industries.

D.Customer-oriented marketing activities

Through engaging in detailed analysis and acquiring insight on the market and industry conditions, technology, products and end-user consumers, we seek to provide differentiated values that are customer- and consumer-friendly. In addition, we engage in activities that are geared to proactively identify and offer meaningful benefits to customers and consumers. As a result, we are continually developing products that provide differentiated values using our technologies. At the same time, we strive to create new markets and mutually benefit our business and our customers by obtaining customer trust and satisfaction through our customer- and consumer-oriented marketing activities.

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3.Major Products and Raw Materials

A.Major products

We manufacture OLED and TFT‑LCD panels, of which a significant majority is sold overseas.

(Unit: In billions of Won, except percentages)

Business area

Sales type

Items (By product)

Usage

Major trademark

2026 Q1

Sales Revenue

Percentages (%)

Display

Goods/Products/ Services/ Other sales

Televisions

Panels for televisions

LG Display

870

15.7%

IT products

Panels for monitors, notebook computers and tablets

LG Display

1,997

36.1%

Mobile, etc.

Panels for smartphones, smartwatches, etc.

LG Display

2,118

38.3%

Auto products

Panels for automobiles

LG Display

549

9.9%

Total

5,534

100.0%

B.Average selling price trend of major products

The average selling prices of display panels are subject to change based on market conditions and demand by product category. The average selling price of display panels per square meter of net display area shipped in the first quarter of 2026 was USD 1,244, representing a decrease from the previous quarter primarily due to a decline in shipments of small- and medium-sized OLED panels, which carry relatively higher average selling prices per square meter, as a result of seasonal factors. The average selling prices of display panels per square meter of net display area may continually fluctuate in the future due to changes in market conditions, demand trends and our product mix.

(Unit: US$ / m2)

Period		Average Selling Price(1)(2) (in US$ / m2)
2026 Q1		1,244
2025 Q4		1,297
2025 Q3		1,365
2025 Q2		1,056
2025 Q1		804
2024 Q4		873
2024 Q3		825
2024 Q2		779
2024 Q1		782

(1)Quarterly average selling price per square meter of net display area shipped.

(2)Excludes semi‑finished products in the cell process.

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C.Major raw materials

Prices of major raw materials depend on fluctuations in supply and demand in the market as well as on changes in size and quantity of raw materials due to the increased production of large‑sized panels.

(Unit: In billions of Won, except percentages)

Business area		Purchase type		Items		Usage		Cost(1)		Ratio (%)		Suppliers(2)
Display		Raw materials		PCB		Display panel manufacturing		222		10.7%		Hyunwoo Industrial Co., Ltd., etc.
				Polarizers				334		16.1%		Dongwoo Fine-Chem Co., Ltd., etc.
				BLU				192		9.3%		Heesung Electronics LTD., etc.
				Glass				88		4.2%		Paju Electric Glass Co., Ltd., etc.
				Drive IC				179		8.6%		LX Semicon, etc.
				Others				1,063		51.1%		-
Total								2,078		100.0%

- Period: January 1, 2026 ~ March 31, 2026.

(1)Based on total cost for purchase of raw materials which includes manufacturing and development costs, etc.

(2)Among our major suppliers, Paju Electric Glass Co., Ltd. is our affiliate and LX Semicon is an affiliate of LX Holdings Corp.

•The market prices of main raw materials for display panels fluctuate depending on the global market conditions of raw materials and demand by product segment.

•The market price of polarizers, which is a main raw material for display panels, decreased by 3% as of March 31, 2026 compared to the end of the previous year.

•The market price of PCB increased by 1% compared to the end of the previous year. The market prices of drive IC and BLU decreased by 2% and 1%, respectively, as of March 31, 2026, compared to the end of the previous year.

•Although the global economy in 2026 continues to face ongoing geopolitical risks stemming from the Middle East, including the Iranian war and the blockade of the Strait of Hormuz, as well as uncertainties in oil prices and raw material costs, we aim to optimize our raw material costs compared to the previous year through an improvement in the balance of market supply and demand in the raw materials market and our efforts to strengthen our raw material cost competitiveness. The prices of raw materials may continue to fluctuate in light of changes in the market conditions of such materials.

4.Production and Equipment

A.Production capacity and output

(1)Production capacity

The table below sets forth the production capacity of our Gumi, Paju and Guangzhou facilities in the periods indicated.

(Unit: 1,000 glass sheets)

Business area		Items		Location of facilities		2026 Q1(1)		2025(1)(2)		2024(1)
Display		Display panel, etc.		Gumi, Paju, Guangzhou		917		4,208		6,063

(1)Calculated based on the effective capacity method (based on glass input substrate size for eighth-generation glass sheets) multiplied by daily operating hours, the number of operating days and the efficiency rate.

(2)As the disposal of our equity interest in LG Display (China) Co., Ltd. was completed on April 1, 2025, the production capacity presented includes such subsidiary’s production capacity through the first quarter of 2025.

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(2)Production output

The table below sets forth the production output of our Gumi, Paju and Guangzhou facilities in the periods indicated.

(Unit: 1,000 glass sheets)

Business area		Items		Location of facilities		2026 Q1(1)		2025(1)(2)		2024(1)
Display		Display panel, etc.		Gumi, Paju, Guangzhou		858		3,914		5,656

(1)Based on the production results (input standard) of each plant converted into eighth-generation glass sheets.

(2)As the disposal of our equity interest in LG Display (China) Co., Ltd. was completed on April 1, 2025, the production output presented includes such subsidiary’s production output through the first quarter of 2025.

B.Production performance and utilization ratio

(Unit: Hours, except percentages)

Production facilities		Available working hours in 2026 Q1		Actual working hours in 2026 Q1		Average utilization ratio
Gumi		2,160(1) (24 hours x 90 days)		2,064(1) (24 hours x 86 days)		95.6%
Paju		2,160(1) (24 hours x 90 days)		2,160(1) (24 hours x 90 days)		100.0%
Guangzhou		2,160(1) (24 hours x 90 days)		2,160(1) (24 hours x 90 days)		100.0%

(1)Number of days is calculated by averaging the number of working days for each facility.

C.Investment plan

In 2025, our total capital expenditures on a cash out basis was around W1.4 trillion. In 2026, we plan to increase our capital expenditures to the mid-to-upper W2 trillion range, representing an increase from the previous year. On April 22, 2026, we announced new facility investments related to the enhancement of OLED technology in order to strengthen our technological competitiveness and basis for growth, the details of which are set forth below.

Filing date		Title of disclosure		Details of disclosure		Other references useful for making investment decisions
April 22, 2026		New Facility Investment		1. Investment target: New OLED technology infrastructure 2. Investment amount: W1.1 trillion 3. Purpose: To enhance technological competitiveness and strengthen basis for growth through the advancement of OLED technologies 4. Investment period: April 22, 2026 – June 30, 2028		The start date of investment period is based on the resolved date of the Board of Directors, and end date of investment period may be subject to change depending on market conditions and the investment progress. In addition, the detailed matters necessary for the execution of this investment have been delegated to our Chief Executive Officer.

5.Sales

A.Sales performance

(Unit: In billions of Won)

Business area		Sales types		Items (Market)				2026 Q1		2025		2024
Display		Products		Display panel		Overseas(1)		5,238		24,613		25,496
						Korea(1)		270		954		960
						Total		5,508		25,567		26,456
		Others(2)				Overseas(1)		20		206		112

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			Raw materials, components, etc.		Korea(1)		6		37		47
					Total		26		243		159
	Total				Overseas(1)		5,258		24,819		25,608
					Korea(1)		276		991		1,007
					Total		5,534		25,810		26,615

(1)Based on ship‑to‑party.

(2)Other sales include royalty sales.

B.Sales organization and sales route

•As of March 31, 2026, each of our television, IT, mobile and auto product businesses had individual sales and customer support functions.

•Sales subsidiaries in the United States, Germany, Japan, Taiwan, China and Singapore perform sales activities and provide local technical support to customers.

•Sales of our products take place through one of the following two routes:

1) LG Display Headquarters and overseas manufacturing subsidiaries → Overseas sales subsidiaries (USA/Germany/Japan/Taiwan/China/Singapore), etc. → System integrators and end‑brand customers → End users

2) LG Display Headquarters and overseas manufacturing subsidiaries → System integrators and end‑brand customers → End users

•Sales performance by sales route

Sales performance		Sales route(1)		Ratio
Overseas		Overseas subsidiaries		98.1%
		Headquarters		1.9%
Overseas sales portion (overseas sales / total sales)				95.0%
Korea		Overseas subsidiaries		35.8%
		Headquarters		64.2%
Korea sales portion (Korea sales / total sales)				5.0%

(1) Percentage by sales route is based on revenue from the Display business segment.

C.Sales methods and sales terms

•Direct sales and sales through overseas subsidiaries, etc. Sales terms are subject to change depending on the fluctuation in the supply and demand.

D.Sales strategy

•With respect to television display products, we are strengthening our competitive advantages in the premium television display market by enhancing the performance of our OLED television display panels and advancing both product and technology sophistication levels, while also working towards strengthening our business portfolio and securing sustainable profitability through the expansion of our OLED-based gaming monitor business.

•With respect to IT display products, we are continually strengthening the sales of high‑resolution, IPS, narrow bezel and other high‑end display panels with major global IT product manufacturers as our primary customer base.

•With respect to mobile and other products (a wide range of products including smartphones, smartwatches and industrial products (including aviation and medical equipment, among others)), we are continuing to build a strong and diversified business portfolio and expand our global customer base by leveraging the strength of our differentiated technology and products such as OLED, narrow bezel, low-power consumption and thin and light features.

•With respect to automotive display products, our business is steadily growing on the back of stable orders secured through our ability to deliver differentiated value to global automobile manufacturers leveraging our diversified technology and product portfolio that includes plastic OLED, advanced thin OLED and LTPS LCD panels.

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E.Major customers

•Customers “A” and “B” each accounted for more than 10% of our sales revenue in the first quarter of 2026. Sales revenue generated from Customer “A” amounted to W3,231 billion in the first quarter of 2026 and W3,182 billion in the first quarter of 2025, and sales revenue generated from Customer “B” amounted to W696 billion in the first quarter of 2026 and W851 billion in the first quarter of 2025. In addition, sales revenue derived from our top ten customers comprised 93% of our total sales revenue in the first quarter of 2026 and 90% in the first quarter of 2025.

6.Purchase Orders

•We supply some of our products in accordance with the production plans of automobile manufacturers. However, the volume of our supply is subject to fluctuation depending on the customers’ actual order volume and future market conditions, and it is not possible to accurately predict the changes in demand resulting from changes in the domestic and global economic environment. Moreover, as of March 31, 2026, we do not have purchase order contracts that recognize revenue by measuring progress towards satisfaction of performance obligation by using the cost-based input method.

7.Risk Management and Derivative Contracts

A.Risk management

(1)Major market risks

Our business is exposed to credit risk, liquidity risk and market risk. Accordingly, we operate a risk management system that identifies and analyzes these risks while monitoring and managing risk level by establishing appropriate risk controls in order to ensure that such risks do not exceed certain threshold levels.

See Note 24 to our consolidated financial statements attached hereto for more information regarding our exposure to each of the risks listed above.

(2)Risk management method

In order to manage our risk against foreign currency fluctuations, we eliminate such risk by adopting a policy of maintaining our net exposure risk within an acceptable level by buying or selling foreign currencies at spot rates, when necessary, to address short-term imbalances in the inflow and outflow of foreign currency funds. We also continually monitor our currency position and risk for other monetary assets and liabilities denominated in foreign currencies, and when needed, we may from time to time enter into cross‑currency interest rate swap contracts and foreign currency forward contracts. Furthermore, we have adopted a policy aimed at minimizing uncertainty and financial costs arising from interest rate fluctuations and manage our interest rate risk through periodic monitoring of interest rate trends and adoption of appropriate countermeasures.

B.Derivative contracts

(1)Currency risks

•We are exposed to currency risks on sales, purchases and borrowings that are denominated in currencies other than in Won, our functional currency. These currencies are primarily the U.S. dollar and the Japanese Yen.

•Interest on borrowings is denominated in the currency of the borrowing. Generally, borrowings are denominated in currencies that match the cash flows generated by our underlying operations, primarily in Won, the U.S. dollar and the Chinese Yuan.

•As of the end of the reporting period, in order to avoid risks of exchange rate fluctuations on the fair value of advance received, we entered into an aggregate of USD 1,445 million, CNY 1,740 million cross currency interest swap agreements with Shinhan Bank and others, for which we have not applied hedge accounting. Any rights or obligations arising from derivative contracts that do not apply hedge accounting are measured at fair value and are accounted for as assets and liabilities, whereas any resulting valuation gain or loss is recognized as profit or loss at the time such valuation gain or loss is incurred. We recognized a gain on valuation of derivative instruments in the amount of W122 billion with respect to the above foreign exchange derivative instruments held during the reporting period.

(2)Interest rate risks

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•Our exposure to interest rate risks relates primarily to our floating rate long-term loan obligations. We have established and are managing interest rate risk policies to minimize uncertainty and costs associated with interest rate fluctuations by monitoring cyclical interest rate fluctuations and enacting countermeasures.

•As of the end of the reporting period, we entered into interest rate swap agreements with KEB Hana Bank and others in an aggregate of W2,030 billion and USD 250 million, for which we have not applied hedge accounting. We recognized a gain on valuation of derivative instruments in the amount of W17 billion with respect to our interest rate derivative instruments held during the reporting period.

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8.Major Contracts

Our material contracts, other than contracts entered into in the ordinary course of business, are set forth below:

Type of agreement		Name of party		Term		Content
Technology licensing/ supply agreement		Hewlett‑Packard		January 2011 ~		Patent licensing of semi‑conductor device technology
		Ignis Innovation, Inc.		July 2016 ~		Patent licensing of OLED related technology
		Hannstar Display Corporation		December 2013 ~		Patent cross‑licensing of LCD technology
		AU Optronics Corporation		August 2011 ~		Patent cross‑licensing of LCD technology
		Innolux Corporation		July 2012 ~		Patent cross‑licensing of LCD technology
		Universal Display Corporation		January 2015 ~ December 2030		Patent licensing of OLED related technology
		Semiconductor Energy Laboratory		January 2021 ~ December 2030		Patent licensing of LCD and OLED related technology
Real estate/others		LG Innotek Co., Ltd.		Date of contract: December 23, 2022 Term: December 26, 2022 ~ December 31, 2027		Lease of idle real estate property for rental income (the contract amount and other details are not disclosed in accordance with a non-disclosure agreement)
		LG Uplus Corp.		Date of contract: May 14, 2024		Sale of real estate property to enhance asset efficiency (for details, please refer to the Form 6-K furnished to the SEC on April 25, 2024)

9.Research & Development (“R&D”)

A.Summary of R&D‑related expenditures

(Unit: In millions of Won, except percentages)

Items			2026 Q1		2025		2024
R&D Expenditures (prior to deducting governmental subsidies)			574,434		2,211,369		2,237,403
Governmental Subsidies			(62)		(625)		(705)
Net R&D‑Related Expenditures			574,372		2,210,744		2,236,698
Accounting Treatment(1)	R&D Expenses		478,852		1,668,306		1,687,315
	Development Cost (Intangible Assets)		95,520		542,438		549,383
R&D‑Related Expenditures / Revenue Ratio(2) (Total R&D‑Related Expenditures  Revenue for the period × 100)			10.4%		8.6%		8.4%

(1)For accounting treatment purposes, R&D expenses are presented as research and development expenses in our statements of comprehensive income, net of amortization of capitalized intangible asset development costs.

(2)Calculated based on the R&D-related expenditures before subtracting government subsidies (state subsidies).

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B.R&D achievements

Achievements in 2023

(1)Developed the world’s first small- and medium-sized transparent WOLED product (30” HD)

•Expanded market coverage with the development of a new product size (30”) for transparent small- and medium-sized display

•Strengthened market leadership through achieving a transparency rate of 45% and increased luminance (600/200 nit)

(2)Introduced the world’s first foldable pen touch notebook (17”)

•Developed OLED panel for notebooks utilizing differentiated technologies such as the tandem OLED and a special folding structure

(3)Developed the world’s first Gaming OLED 240Hz monitor product (39”, 34”)

•Applied high-speed (240Hz), fast response time (0.03ms), high-luminance (275 nit @APL 100%) and curved (800R) OLED technology

•Provided ultra-wide (21:9 aspect ratio) full-size OLED Gaming monitor product (initially provided in 45” and expanded further to provide 39” and 34” products)

Achievements in 2024

(1)Developed the world’s first Gaming DFR product (31.5”)

•Optimized display through applying DFR (Dynamic Frequency & Resolution) technology, which enables the implementation of high resolution (UHD 240Hz) and high refresh rate (FHD 480 Hz) on a single display panel

•Maximized sound effects by applying d-TAS (Display Thin Accurator)

(2)Developed the world’s first Gaming OLED QHD 480Hz monitor product (27”)

•Provided optimal gaming environment with the development of the world’s first OLED QHD 480Hz high refresh rate monitor product

(3)Developed our first ATO-based notebook panel (13.4”)

•Developed Slim & Light product (1.16t / 162g) through the application of advanced thin OLED structure

•Developed high-efficiency OLED notebook panel product (SDR 400nit / HDR 500nit) utilizing Tandem OLED technology

•Became our first notebook panel model to apply Touch on Encap technology

(4)Developed our first Dual Resolution Gaming monitor product (27”)

•Expanded the gaming monitor market and provided differentiated user experience by implementing the Dual Resolution feature

•Enabled the use of a single monitor for both fast-paced (FHD 330Hz) games and high-resolution (UHD 165Hz) games

* Dual Resolution : UHD 165Hz ↔ FHD 330Hz

(5)Developed next-generation Micro LED display product (22.3”)

•Provided a large-screen and high-resolution, new user experience through Active Matrix Micro LED transfer technology, panel technology, compensation technology and mechanical technology

1) 22.3” Module for 136” 4K business-to-consumer products

2) 22.3” Module for infinitely expandable business-to-business products

(6)Developed the world’s first ultra-large high resolution transparent OLED display product (77”)

•Developed new television models and lifestyle solutions with ultra-large, high-resolution displays with 45% transparency

(7)Developed the world’s first large-sized WOLED product based on 4-Stack technology (83/77/65/55/48” 4K television displays)

•Strengthened the competitiveness of our WOLED flagship models by applying the 4-Stack technology to large-sized WOLED display panels for the first time in the industry

•Improved customer value by delivering premium picture quality (luminance, color reproduction, and high-speed) while enhancing cost competitiveness

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•Established a foundation for market expansion by strengthening the potential to expand into the new high-end monitor market

Achievements in 2025

(1)Developed the world’s first 45WUHD 165Hz Gaming OLED product

•Optimized display based on intended use through applying DFR (Dynamic Frequency & Resolution) technology, which enables the implementation of high resolution (WUHD 165Hz) and high refresh rate (WFHD 330Hz) on a single display panel

•Enhanced gaming immersion through the application of an 800R Curved display

(2)Developed the world’s first medium-sized OLED notebook panel product based on low-temperature polycrystalline oxide (“LTPO”) and Tandem technology (14”)

•Developed Tandem OLED product with low power consumption and variable refresh rate based on LTPO technology

•Developed a medium-sized OLED display product with low power consumption to lead the high-end notebook computers market

(3)Developed our first 8.5th-generation large-sized automotive display panel product using oxide technology (38.9”)

•Developed P2P (Pillar-to-Pillar, full dashboard) products for automotive applications using new oxide semiconductor technology to ensure high reliability

•Expanded automotive LCD panel production to the 8.5th-generation line in addition to the existing 6th-generation line

(4)Introduced the Double Rate Driving (“DRD”) platform for the first time in large-sized OLED television products and developed cost-innovative products (77/65/55/48”)

•Secured cost competitiveness and established a foundation for a sustainable profitability structure through structural innovation of our V26 products based on the DRD platform, incorporating DRD, New ASIC (application-specific integrated circuit) and New META POL (polarizing panel) technologies

•Strengthened competitiveness in expanding business applications by concurrently deploying Special Edition models based on the DRD platform

(5)Developed the world’s first 27” QHD 540Hz (DFR 720Hz) OLED monitor product

•Achieved the highest level refresh rate (HD 720Hz) and response time (0.02ms, G-to-G) for OLED through the application of DFR technology, delivering smooth motion and an immersive gaming experience

(6)Developed the world’s first large-sized, high-resolution IPS curved monitor product (51.5”)

•Maintained our leadership in the high-end product market through the development of the world’s first large-sized IPS curved monitor product

•Achieved enhanced profitability and differentiation through the development of new components, structural and process changes and the application of cost-efficient materials

(7)Developed the world’s first 1Hz low-power notebook display product (14”, 16”)

•Maintained our leadership in the high-end product market through development of the world’s first 1Hz product featuring low power consumption, slim design and three-sided borderless design

–Enhanced VHR (Variable High Refresh Rate) performance at 1Hz through the application of newly developed materials (liquid crystal and polyimide) and advanced panel design technology, along with flicker reduction circuit algorithms

–Achieved further power efficiency through low-power circuit algorithms and high-efficiency BLU technology

–Enhanced slim design competitiveness through the development of new slim circuit components, including PCBs, semiconductor components and CNT (Carbon Nanotube) materials

10.Intellectual Property

As of March 31, 2026, our cumulative patent portfolio (including patents that have already expired) included 32,014 patents in Korea and 39,318 patents in other countries. In 2026, we registered 369 patents in Korea and 630 patents in other countries.

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11.Environmental and Safety Matters

In order to minimize the environmental impact of our business activities, we are actively responding to environmental regulations applicable to our products and business sites.

A.Business environment management

We have installed and operate various types of prevention facilities to minimize the emission of environmental pollutants generated in our production process. With respect to air and water pollutants, we set and manage our internal standard at 70% of the permitted levels under the regulatory emission standards. In addition, in order to establish a resource circulation system, we operate a proprietary system to monitor waste from its generation to treatment, have developed waste treatment technology and identified suitable recycling companies to reduce the amount of waste we generate and maximize recycling.

In addition, as we were designated a target company for the greenhouse gas emission trading system in 2015, we allocate and monitor our greenhouse gas emissions every year. In order to continually promote the reduction of greenhouse gas emissions, we have set a medium- to long-term goal to reduce the emission level by continually investing in facility improvements and monitoring our emission levels.

We are subject to a variety of environmental laws and regulations, and operations at our manufacturing plants are subject to regulation and periodic scheduled and unscheduled on‑site inspections by the Ministry of Environment and local environmental protection authorities. The primary types of environmental laws applicable to us include the following:

(1)Environmental pollutant emission regulations: Integrated Control of Pollutant-discharging Facilities Act, Clean Air Conservation Act, Water Quality Conservation Act, Wastes Control Act, Environmental Impact Assessment Act, etc.

(2)Greenhouse gas emission management: Framework Act on Carbon Neutral and Green Growth to Respond to Climate Crisis, Act on the Allocation and Trading of Greenhouse Gas Emission Permits, etc.

(3)Other workplace environment management: Chemicals Control Act, Chemicals Registration and Evaluation Act, Soil Environment Conservation Act, etc.

Through the implementation of an environmental and energy management system, we are continuously making efforts to minimize environmental impact and reduce energy usage in all aspects of our business process. Accordingly, we have acquired and currently operate the environmental management system ISO14001 and energy management system ISO 50001 certifications for all of our domestic and overseas production sites. In addition, we have established company-wide safety, healthy, energy and environment management policies and manuals, which are regularly updated based on international standards. We also conduct systematic management of our business process in accordance with international standards through annual follow-up and renewal audits.

We have been participating in the Carbon Disclosure Project (“CDP”), a globally recognized authority on environmental disclosure, and named to the Honors Club in the IT category of the Climate Change Korea Awards for ten consecutive years from 2016 to 2025. The ‘Carbon Management Sector Honors’ is awarded to top-performing companies by industry sector based on the results of the CDP Climate Change assessment. We received a Leadership A- rating, which is one of the higher rating categories in the assessment, in key areas including greenhouse gas reduction and management efforts, advancement of climate change response scenarios and expansion of renewable energy utilization. In addition, we achieved a Leadership A rating, which is among the highest rating categories, in the CDP Water Security assessment, in recognition of our systematic management efforts, including the expansion of actual water reuse and the transparent public disclosure of our water resource data management performance.

In addition, in recognition of our efforts to improve recycling rates and reduce waste, we were nominated as a leading company with an excellent performance in resource circulation and received a commendation from the Minister of Environment in 2020. In 2022, we achieved the Gold rating for Zero Waste to Landfill (“ZWTL”) for our Paju and Gumi facilities and the Platinum rating for our Nanjing facility. Through ongoing efforts to improve our recycling rate, our Paju facility achieved a Platinum rating for the first time in June 2024 and our Guangzhou facility achieved a Platinum rating for the first time in December 2024. Subsequently, our Gumi facility achieved a Platinum rating for the first time in July 2025, while our Paju facility maintained its Platinum rating following the reassessment in July 2025. In November 2025, we achieved the Gold rating for our Vietnam facility, completing ZWTL certification for all of our production sites. In 2022, we introduced a resource recirculation recognition program in accordance with the Korean government’s waste management policy and received circular resource certification on eight types of our discarded trays and vinyl. In 2023, we have obtained quality certification for certain of our recycled items recognized as circular resources, and we plan to continue to promote the resource circulation of our products. We will continue our efforts to reinforce our resource circulation program by minimizing waste and maximizing recycling rate.

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We have continued to pursue ESG management activities based on the spirit of “value creation for consumers” and “human-first management,” and we plan to obtain further recognition for our eco-friendly management and share relevant information with the stakeholders.

B.Product environment management

In order to respond to applicable domestic and overseas environmental regulations, such as the European Union’s Restriction of Hazardous Substances (RoHS) and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) that restrict the use of certain hazardous substances, we operate a hazardous substance management program that implements a four-step procedure (each such step, a “Gate”) that manages various stages of our production cycle, beginning with the registration process of our business partners up to the mass production stage. In addition, in order to preemptively address four types of phthalate substances that became additionally regulated pursuant to the RoHS in 2016 and officially went into effect on July 22, 2019, we replaced the latent risk elements in advance as well as implemented a more stable management process with respect to such substances. In implementing this process, we collaborated with external agencies to ascertain regulatory trends and establish our response strategy, and we formulated and applied effective management measures through the collaborative efforts of our development, procurement, quality assurance and analysis teams.

- Gate 01 (Business Partner Stage): An audit is conducted prior to the registration of a new business partner (including the inspection of the business partner’s hazardous substance response process)

- Gate 02 (Parts Development Stage): An environmental evaluation of each part under development is conducted (consisting of three stages: (1) document review; (2) XRF test and (3) precision analysis)

- Gate 03 (Product Development Stage): An environmental evaluation of the product model and product labeling are conducted (including RoHS verification)

- Gate 04 (Mass Production Stage): Process management through the periodic testing of mass-produced parts for any hazardous substances (including rate-based tests based on risk assessment)

We operate a “Hazardous Substance Management System for Products” that effectively manages hazardous substances by classifying them into four levels: A-I, A-II, B-I, and B-II. In particular, in addition to substances prohibited by global hazardous substance regulations on products, we have designated substances causing harm to the human body and the environment as Level B substances. By developing alternative technologies and parts and applying them to our products, we continually strive to achieve a gradual reduction and elimination of non-prohibited hazardous substances.

- Level A-I (Prohibited Substances): Prohibited substances designated under the RoHS regulations (i.e., 10 regulated substances) and those designated by specific customers

- Level A-II (Prohibited Substances): Substances prohibited by regulations and conventions other than those covered under Level A-1 and those designated as such by customers

- Level B-I (Substances Subject to Voluntary Reduction): Substances that are being voluntarily replaced over a certain period of time

- Level B-II (Substances Under Observation): Substances that are not currently banned, but are expected to become prohibited in the future

Moreover, we participated in reforming IEC 62321, an international testing standard published by the International Electrotechnical Commission and used by RoHS, and the commission adopted our halogen‑free combustion ion chromatography method as IEC 62321‑3‑2, which was published in June 2013.

In 2017, we became the first display panel company to receive the SGS Eco Label accreditation for OLED television display modules from SGS, a global product testing/accreditation agency, and have since continually received such accreditation. In 2024, such accreditation has been updated to “SGS EEPS accreditation.” In 2022, we expanded our accreditation program to cover display modules for monitors, notebook computers, tablets and automobiles, as a result of which our display modules for monitors and notebook computers received SGS Eco Label accreditation for the first time and our automotive display module became the first in the industry to receive the same accreditation for its excellence in energy efficiency, and we have since maintained the SGS Eco Label for such products. In 2023, our high-end LCD panels for 16-inch notebooks and 27-inch monitors, in which we incorporated recycled materials for the first time, received the SGS Eco Label accreditation. In addition, our 30-inch and 55-inch transparent display products, for which we applied hazardous substance reduction technology, became the first in the industry to receive the SGS Eco Label accreditation.

Moreover, in 2022, our 27-inch monitor display product that applied anti-bacterial films received the SGS Performance Mark accreditation for its anti-bacterial performance, and in 2023, our commercial display module that applied Plus-Bright energy

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consumption reduction technology obtained the SGS Performance Mark accreditation for its energy efficiency performance. Our high-end LCD panels for 16-inch notebooks and 27-inch monitors also received the same accreditation for reducing energy consumption through the implementation of proprietary algorithms and improving panel transmittance. In 2025, we enhanced and replaced PFAS-containing components in our 14-inch LCD panels for notebook computers, and as a result, obtained the SGS ECCS Mark – PFAS Screened accreditation.

Also in 2022, upon assessment and verification of GHG emissions throughout its entire product life cycle, our OLED television panel received the industry’s first Carbon Footprint Certification from The Carbon Trust, a not-for-profit company founded by the United Kingdom government that provides voluntary carbon certification services and carbon labeling schemes. In 2023, our high-end IT LCD panels (27-inch and smaller) received the Product Carbon Footprint (PCF) certification from TÜV Rheinland, a global independent testing, inspection and certification agency, by achieving carbon emission reduction through the application of recycled materials and low energy consumption technologies. Our OLED panels for automotive products also received the same certification for achieving carbon emission reduction through the application of light-control film integration technology. In 2024, our 14-inch high-end LCD panel product for notebook computers received the Product Carbon Footprint Reduction (PCR) certification from TÜV Rheinland through the application of bio-plastic, recycled materials and ultra-precision micro-processing technology. Additionally, upon verification by Underwriters Laboratories (UL), a global inspection and certification agency, such display panel also received the Environmental Claim Validation (ECV) certification. In 2025, we obtained the “Product Carbon Footprint Methodology” certification from TÜV Rheinland reflecting our establishment of a system to calculate carbon emissions generated throughout the entire product life cycle based on international standards and our proprietary evaluation methodology optimized for display panels, as well as an IT system for evaluating product carbon footprints.

In 2021, we received the “Green Technology Certification” for our advanced incell touch display technology, an eco-friendly technology with touch-sensing electrodes and transmission lines that reduce carbon emissions and the use of rare metals. Also, since 2021, we have continued to obtain an eco-friendly certification from TUV SUD, a globally recognized accreditation agency based in Germany, for excellence in resource circulation and compliance with Waste Electrical and Electronic Equipment (WEEE) regulations and the non-use of specific hazardous substances in our OLED television display panels, plastic OLED mobile and smartwatch display products, OLED tablet display panels and TFT-LCD panels for IT products.

In 2018, we became the first display panel company to receive the “Green Technology Certification” from the Korean Ministry of Science and ICT for improving the light efficiency technology of OLED to promote energy use reduction. In 2017, for the IPS Nano Color for LCD, we received the Quality & Performance Mark from Intertek, a global product testing/accreditation agency, by applying a technology to eliminate cadmium (Cd) and indium phosphide (InP).

C.Safety standards

Our products comply with the IEC 62638-1 global product safety standards, and we obtain CB and UL certifications on applicable products.

In order to promote the enhancement of safety for automobile manufacturers and consumers, we became the first display panel company in June 2016 to introduce a flame-resistant certification program for our display panels, which program includes flame resistance standards for automotive materials (including ISO 3795, DIN 75200 and FMVSS 302 standards) as well as for safety standards for information technology devices, which has been certified by TUV SUD. In 2025, we expanded the number of applicable flame resistance standards for such program from 9 to 14.

Furthermore, in 2021, we established infrastructure for flammability tests required under the United States Federal Aviation Administration’s FAR 25.853 standards and impact tests under RTCA DO-313 standards, and the reliability of these test results have been certified by TUV SUD.

D.Green management

This information is omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports.

E.Status of sanctions

This information is omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports.

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12.Financial Information

A.Financial highlights (Based on consolidated K‑IFRS).

(Unit: In millions of Won)

Description		As of March 31, 2026		As of December 31, 2025		As of December 31, 2024
Current assets		7,145,455		6,982,077		10,123,037
Quick assets		4,358,544		4,436,411		7,451,795
Inventories		2,786,911		2,545,666		2,671,242
Non‑current assets		20,150,201		19,934,623		22,736,529
Investments in equity accounted investees		33,770		36,506		33,177
Property, plant and equipment, net		14,288,983		14,470,776		17,202,873
Intangible assets		1,847,286		1,478,035		1,558,407
Other non‑current assets		3,980,162		3,949,306		3,942,072
Total assets		27,295,656		26,916,700		32,859,566
Current liabilities		9,715,198		9,596,471		15,859,084
Non‑current liabilities		9,807,325		9,480,991		8,927,675
Total liabilities		19,522,523		19,077,462		24,786,759
Share capital		2,500,000		2,500,000		2,500,000
Share premium		2,740,811		2,740,811		2,773,587
Retained earnings		(292,676)		281,912		(18,512)
Other equity		1,511,238		1,081,401		995,823
Accumulated other comprehensive income held for sale		─		─		291,363
Non‑controlling interest		1,313,760		1,235,114		1,530,546
Total equity		7,773,133		7,839,238		8,072,807

(Unit: In millions of Won, except for per share data and number of consolidated entities)

Description		For the three months ended March 31, 2026		For the year ended December 31, 2025		For the year ended December 31, 2024
Revenue		5,534,002		25,810,082		26,615,347
Operating profit (loss)		146,719		516,977		(560,596)
Profit (loss) from continuing operations		(575,714)		303,807		(2,409,300)
Profit (loss) for the period		(575,714)		303,807		(2,409,300)
Profit (loss) attributable to:
Owners of the company		(570,691)		226,312		(2,562,606)
Non‑controlling interest		(5,023)		77,495		153,306
Basic earnings (loss) per share		(1,141)		453		(5,438)
Diluted earnings (loss) per share		(1,141)		453		(5,438)
Number of consolidated entities(1)(2)		20		20		22

(1)The number of consolidated entities is based on the consolidated entities (including the parent company) as of the end of the reporting period.

(2)The disposal of our equity interests in LG Display (China) Co., Ltd. and LG Display Guangzhou Co., Ltd. was completed on April 1, 2025, and these entities were excluded from the scope of our consolidated subsidiaries as of such date

B.Financial highlights (Based on separate K‑IFRS).

(Unit: In millions of Won)

Description		As of March 31, 2026		As of December 31, 2025		As of December 31, 2024
Current assets		5,400,874		5,517,131		8,647,395
Quick assets		3,429,440		3,723,621		6,860,717
Inventories		1,971,434		1,793,510		1,786,678

21

Non‑current assets		19,289,785		19,293,991		21,151,656
Investments		3,810,413		3,810,085		3,939,474
Property, plant and equipment, net		9,984,431		10,298,784		11,913,336
Intangible assets		1,721,480		1,427,602		1,485,789
Other non‑current assets		3,773,461		3,757,520		3,813,057
Total assets		24,690,659		24,811,122		29,799,051
Current liabilities		15,678,812		15,506,468		20,865,495
Non‑current liabilities		5,889,553		5,532,949		5,137,758
Total liabilities		21,568,365		21,039,417		26,003,253
Share capital		2,500,000		2,500,000		2,500,000
Share premium		2,821,006		2,821,006		2,821,006
Retained earnings		(2,198,712)		(1,549,301)		(1,525,208)
Other equity		0		0		0
Total equity		3,122,294		3,771,705		3,795,798

(Unit: In millions of Won, except for per share data)

Description		For the three months ended March 31, 2026		For the year ended December 31, 2025		For the year ended December 31, 2024
Revenue		5,228,527		24,115,926		25,178,688
Operating profit (loss)		(101,052)		(624,135)		(1,800,625)
Profit (loss) from continuing operations		(645,514)		(98,205)		(3,034,736)
Profit (loss) for the period		(645,514)		(98,205)		(3,034,736)
Basic earnings (loss) per share		(1,291)		(196)		(6,440)
Diluted earnings (loss) per share		(1,291)		(196)		(6,440)

C.Consolidated subsidiaries (as of March 31, 2026)

Company Interest		Primary Business		Location		Equity
LG Display America, Inc.		Sales		U.S.A.		100%
LG Display Germany GmbH		Sales		Germany		100%
LG Display Japan Co., Ltd.		Sales		Japan		100%
LG Display Taiwan Co., Ltd.		Sales		Taiwan		100%
LG Display Nanjing Co., Ltd.		Manufacturing		China		100%
LG Display Shanghai Co., Ltd.		Sales		China		100%
LG Display Shenzhen Co., Ltd.		Sales		China		100%
LG Display Singapore Pte. Ltd.		Sales		Singapore		100%
L&T Display Technology (Fujian) Limited		Manufacturing and sales		China		51%
LG Display Yantai Co., Ltd.		Manufacturing		China		100%
Nanumnuri Co., Ltd.		Managing welfare facilities		Korea		100%
Unified Innovative Technology, LLC		Managing intellectual property		U.S.A.		100%
LG Display Guangzhou Trading Co., Ltd.		Sales		China		100%
Global OLED Technology LLC		Managing intellectual property		U.S.A.		100%
LG Display Vietnam Haiphong Co., Ltd.		Manufacturing and sales		Vietnam		100%
Suzhou Lehui Display Co., Ltd.		Manufacturing and sales		China		100%
LG Display Fund I LLC(1)		Investing in new emerging companies		U.S.A		100%
LG Display High-Tech (China) Co., Ltd.		Manufacturing and sales		China		70%

(1) During the three months ended March 31, 2026, we invested an additional W328 million into LG Display Fund I LLC. There was no change in our ownership interest in this subsidiary in connection with the additional investment.

D.Status of equity investments in associates (as of March 31, 2026)

Company		Carrying Amount (in millions)		Equity Interest
Paju Electric Glass Co., Ltd.		W 28,661		40%
Arctic Sentinel, Inc.		-		10%
Cynora GmbH		-		10%
Material Science Co., Ltd.		W 5,109		9%

22

Although our respective share interests in Arctic Sentinel, Inc., Cynora GmbH and Material Science Co., Ltd. are below 20%, we are able to exercise significant influence through our right to appoint a director to the board of directors of each investee. Accordingly, the investments in these investees have been accounted for using the equity method.

For the three months ended March 31, 2026 and 2025, the aggregate amount of dividends we received from our affiliated companies was W3,415 million and W1,664 million, respectively.

23

13.Audit Information

A.Audit service

(Unit: In millions of Won, hours)

Description		2026 Q1		2025		2024
Auditor		Samil PwC		Samil PwC		Samil PwC
Activity		Audit by independent auditor		Audit by independent auditor		Audit by independent auditor
Compensation(1)		1,689 (861)(2)		1,898 (602)(2)		1,800 (650)(2)
Time required(3)		1,352		18,935		23,088

(1)Compensation amount is the contracted amount for the full fiscal year.

(2)Compensation amount in ( ) is for Form 20‑F filing and SOX 404 audit.

(3)Figures are based on actual performance as of the date of this report.

B.Non‑audit service

Period		Date of contract		Description of service		Period of service		Compensation
2026 Q1		—		—		—		—
2025		June 2025		Tax advice		June 2025 ~ December 2025		W50 million
		September 2025		Tax advice		October 2025 ~ March 2026		W40 million
2024		February 2024		Tax advice		March 2024 ~ December 2024		W50 million
		September 2024		Tax advice		September 2024 ~ March 2025		W40 million

* Based on direct contracts on a separate basis.

C.Non‑audit service by an affiliate of independent auditor

Period		Name of affiliate		Date of contract		Description of service		Period of service		Compensation
2026 Q1		Samil PwC Solution		January 2026		Tax advice		January 2026 ~  December 2026		W1.6 million
2025		Samil PwC Solution		January 2025		Tax advice		January 2025 ~  December 2025		W1.6 million
2024				—		—		—		—

14.Management’s Discussion and Analysis of Financial Condition and Results of Operations

This information is omitted in quarterly and semi-annual reports in accordance with Korean disclosure rules, and we plan to include such information in our annual report.

15.Board of Directors

This information is omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports.

24

16.Information Regarding Shares

A.Total number of shares

(1)Total number of shares authorized to be issued (as of March 31, 2026): 1,000,000,000 shares.

(2)Total shares issued and outstanding (as of March 31, 2026): 500,000,000 shares.

B.Shareholder list

(1)Largest shareholder and related parties as of March 31, 2026:

Name		Relationship		Number of shares of common stock(1)		Equity interest
LG Electronics		Largest shareholder		183,593,206		36.72%
Cheoldong Jeong		Executive of an affiliated company(2)		59,560(3)		0.01%

(1)The number of shares of common stock reflects the shareholding status of our shareholders as of the date of this report.

(2)The information on executive officers of our affiliated companies is based on the status of our registered executive officers.

(3)Cheoldong Jeong, our Representative Director, acquired our shares through withdrawal from the Employee Stock Ownership Association.

(2)Shares held by shareholders who are known to us that own 5% or more of our shares or our Employee Stock Ownership Association as of March 31, 2026:

Beneficial owner		Number of shares of common stock(1)		Equity interest
LG Electronics		183,593,206		36.72%
BlackRock Fund Advisors(2)		25,178,978		5.04%
Employee Stock Ownership Association		6,166,239		1.23%

(1)The number of shares of common stock is based on the most recent shareholder register as of March 31, 2026, and may differ from the actual shareholding status.

(2)The number of shares of common stock and equity interest of BlackRock Fund Advisors are based on information as of March 23, 2026, which shareholding status is based on the ‘Report on Significant Holdings of Stocks, etc.’ disclosed on March 30, 2026. Accordingly, its actual shareholding status may differ from the information presented herein.

17.Directors and Employees

A.Directors

(1)List of members of board of directors

Name		Position		Shares of the Company held		First appointed		Term expires
Cheoldong Jeong		Representative Director (non‑outside), Chief Executive Officer, President, Chairperson of Management Committee and Member of ESG Committee		—		December 1, 2023		March 22, 2027
Sung Hyun Kim		Director (non‑outside), Chief Financial Officer, Vice President and Member of Management Committee and Related Party Transaction Committee		—		December 1, 2018		March 20, 2028
Sangwoo Lee		Non-standing Director and Member of Outside Director Nomination Committee		—		March 20, 2025		March 20, 2028
Doocheol Moon		Outside Director and Chairperson of Audit Committee and ESG Committee		—		March 23, 2021		March 22, 2027
Chung Hae Kang		Outside Director, Chairperson of Related Party Transaction Committee and Member of Audit Committee and ESG Committee		—		March 23, 2022		March 20, 2028
Jungsuk Oh		Outside Director, Chairperson of the Board of Directors and Member of Audit Committee, Outside Director Nomination Committee, Related Party Transaction Committee and ESG Committee		—		April 26, 2022		March 18, 2028

25

Sang Hee Park Outside Director, Chairperson of Outside Director Nomination Committee and Member of Audit Committee — March 21, 2023 March 18, 2029

(2)Compensation of directors

This information is omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports.

B.Employees

This information is omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports.

18.Other Matters

A.Legal proceedings

We are a defendant in two separate civil lawsuits (comprising one damages claim in the United Kingdom filed by private plaintiffs and one damages claim in Israel filed by private plaintiffs) filed against us and certain other TFT-LCD panel manufacturers in connection with alleged anticompetitive behavior of the defendants. In each of these cases, the amount being sought has not been determined. The appellate court in the United Kingdom has rendered its judgment, which was partially in favor of the plaintiffs. Ancillary proceedings relating to litigation costs are ongoing, and a further appeal by the plaintiffs is pending. No trial has been scheduled for the case in Israel. While the expected outcome of each of these cases is unclear, we do not believe that any of these cases would have a material effect on our financial conditions.

In addition to the above litigation, we are responding to various other lawsuits and disputes. We are unable to reliably estimate the timing and amount of any outflow of resources embodying economic benefits in relation to such matters.

B.Status of collateral pledged to related party

As of the end of the reporting period, we have not provided any collateral in connection with borrowings or debt guarantees arising from transactions with our major shareholders.

C.Material events subsequent to the reporting period

On April 22, 2026, we announced new investments aimed at enhancing technological competitiveness and strengthening basis for growth through the advancement of OLED technologies. The planned investment amount is W1.1 trillion and the investment period is scheduled to be completed by June 30, 2028. For more details, please refer to the Form 6-K furnished to the SEC on April 22, 2026.

Other information in this section has been omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports.

26

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Condensed Consolidated Interim Financial Statements

(Unaudited)

March 31, 2026 and 2025

(With Report on Review of Condensed Consolidated Interim Financial Statements)

Contents

		Page
Report on Review of Condensed Consolidated Interim Financial Statements		1
Consolidated Interim Statements of Financial Position		3
Consolidated Interim Statements of Comprehensive Income (Loss)		4
Consolidated Interim Statements of Changes in Equity		5
Consolidated Interim Statements of Cash Flows		6
Notes to the Condensed Consolidated Interim Financial Statements		7

Report on Review of Condensed Consolidated Interim Financial Statements

(English Translation of a Report Originally Issued in Korean)

To the Shareholders and Board of Directors of

LG Display Co., Ltd.

Reviewed Financial Statements

We have reviewed the accompanying condensed consolidated interim financial statements of LG Display Co., Ltd. and its subsidiaries (collectively referred to as the “Group”). These condensed consolidated interim financial statements consist of the consolidated interim statement of financial position of the Group as at March 31, 2026, and the related consolidated interim statements of comprehensive income, changes in equity and cash flows for the three-month periods ended March 31, 2026 and 2025, and material accounting policy information and other selected explanatory notes, expressed in Korean won.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and presentation of these condensed consolidated interim financial statements in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (Korean IFRS) 1034 Interim Financial Reporting, and for such internal control as management determines is necessary to enable the preparation of condensed consolidated interim financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express a conclusion on these condensed consolidated interim financial statements based on our review.

We conducted our review in accordance with quarterly or semi-annual review standards established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe the accompanying condensed consolidated interim financial statements are not prepared, in all material respects, in accordance with Korean IFRS 1034 Interim Financial Reporting.

Other Matters

We have audited the consolidated statement of financial position of the Group as at December 31, 2025, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the year then ended, not presented herein, in accordance with Korean Standards on Auditing. We expressed an unqualified opinion on those consolidated financial statements in our audit report dated February 27, 2026. The consolidated statement of financial position as at December 31, 2025, presented herein for comparative purposes, is consistent, in all material respects, with the above audited consolidated statement of financial position as at December 31, 2025.

Review standards and their application in practice vary among countries. The procedures and practices used in the Republic of Korea to review such financial statements may differ from those generally accepted and applied in other countries.

May 13, 2026

Seoul, Korea

This report is effective as of May 13, 2026, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying condensed consolidated interim financial statements and notes thereto. Accordingly, the readers of the review report should understand that there is a possibility that the above review report may have to be revised to reflect the impact of such subsequent events or circumstances, if any.

2

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES
Consolidated Interim Statements of Financial Position
As of March 31, 2026 and December 31, 2025
(In millions of won)						Note		March 31, 2026 (Unaudited)		December 31, 2025
Assets
Cash and cash equivalents						4, 24	W	1,523,637		1,572,058
Deposits in banks						4, 24		1,200		600
Trade accounts and notes receivable, net						5, 15, 24, 26		2,181,682		2,359,184
Other accounts receivable, net						5, 24		192,727		180,413
Other current financial assets						6, 24		144,275		89,525
Inventories, net						7		2,786,911		2,545,666
Prepaid income tax								39,511		38,558
Assets held for sale						27		12,136		-
Other current assets								263,376		196,073
Total current assets								7,145,455		6,982,077
Deposits in banks						4, 24		11		11
Investments in equity accounted investees						8		33,770		36,506
Other non-current financial assets						6, 24		284,298		202,051
Property, plant and equipment, net						9, 18		14,288,983		14,470,776
Intangible assets, net						10, 18		1,847,286		1,478,035
Investment property						11, 18		17,860		18,031
Deferred tax assets, net								3,476,766		3,510,156
Defined benefit assets, net						13		169,956		198,535
Other non-current assets								31,271		20,522
Total non-current assets								20,150,201		19,934,623
Total assets							W	27,295,656		26,916,700
Liabilities
Trade accounts and notes payable						24, 26	W	2,737,617		3,307,687
Current financial liabilities						12, 24, 25, 26		4,877,193		3,798,394
Other accounts payable						24		1,251,846		1,461,014
Accrued expenses								550,572		782,552
Income tax payable, net								31,471		39,219
Provisions						14		82,379		86,290
Advances received								79,203		35,981
Liabilities held for sale						27		21,453		-
Other current liabilities								83,464		85,334
Total current liabilities								9,715,198		9,596,471
Non-current financial liabilities						12, 24, 25		8,934,562		8,934,975
Non-current provisions						14		46,860		55,345
Defined benefit liabilities, net						13		1,188		1,109
Other non-current liabilities						24, 26		824,715		489,562
Total non-current liabilities								9,807,325		9,480,991
Total liabilities							W	19,522,523		19,077,462
Equity
Share capital						16	W	2,500,000		2,500,000
Capital surplus						16		2,740,811		2,740,811
Retained earnings(Accumulated deficit)								(292,676)		281,912
Reserves						16		1,511,238		1,081,401
Equity attributable to owners of the Parent Company								6,459,373		6,604,124
Non-controlling interests								1,313,760		1,235,114
Total equity								7,773,133		7,839,238
Total liabilities and equity							W	27,295,656		26,916,700
See accompanying notes to the condensed consolidated interim financial statements.

3

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES
Consolidated Interim Statements of Comprehensive Income (Loss)
For the three-month periods ended March 31, 2026 and 2025
(In millions of won, except loss per share amounts)
					Note		2026 (Unaudited)		2025 (Unaudited)
Revenue					17, 18, 26	W	5,534,002		6,065,298
Cost of sales					7, 19, 26		(4,768,515)		(5,322,494)
Gross profit							765,487		742,804
Selling expenses					19, 20		(97,775)		(117,323)
Administrative expenses					19, 20		(188,732)		(240,956)
Research and development expenses					19		(332,261)		(351,061)
Operating income							146,719		33,464
Finance income					22		270,902		180,313
Finance costs					22		(529,626)		(336,967)
Other non-operating income					21		426,573		317,304
Other non-operating expenses					21		(838,313)		(342,742)
Equity in income of equity accounted investees, net							1,534		133
Loss before income tax							(522,211)		(148,495)
Income tax expense							(53,503)		(88,537)
Loss for the period							(575,714)		(237,032)
Other comprehensive income (loss)
Items that will not be reclassified to profit or loss
Remeasurements of net defined benefit liabilities							(3,897)		126
							(3,897)		126
Items that are or may be reclassified to profit or loss
Foreign currency translation differences for foreign operations					16		514,363		(3,661)
Other comprehensive income (loss) from associates					8, 16		(857)		1,807
							513,506		(1,854)
Other comprehensive income (loss) for the period, net of income tax							509,609		(1,728)
Total comprehensive loss for the period						W	(66,105)		(238,760)
Loss attributable to:
Owners of the Parent Company							(570,691)		(262,725)
Non-controlling interests							(5,023)		25,693
Loss for the period						W	(575,714)		(237,032)
Total comprehensive income (loss) attributable to:
Owners of the Parent Company							(144,751)		(267,903)
Non-controlling interests							78,646		29,143
Total comprehensive loss for the period						W	(66,105)		(238,760)
Loss per share (in won)
Basic loss per share					23	W	(1,141)		(525)
Diluted loss per share					23	W	(1,141)		(525)
See accompanying notes to the condensed consolidated interim financial statements.

4

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES
Consolidated Interim Statements of Changes in Equity
For the three-month periods ended March 31, 2026 and 2025
										Attributable to owners of the Parent Company
							Share capital		Capital surplus		Retained earnings (Accumulated deficit)		Reserves		Other comprehensive income classified  as held for sale				Non-controlling interests		Total equity
(In millions of won)																								Sub-total
Balances at January 1, 2025						W	2,500,000		2,773,587		(18,512)		995,823		291,363		6,542,261		1,530,546		8,072,807
Total comprehensive income (loss) for the period
Profit (loss) for the period							-		-		(262,725)		-		-		(262,725)		25,693		(237,032)
Other comprehensive income (loss)
Remeasurements of net defined benefit liabilities							-		-		126		-		-		126		-		126
Foreign currency translation differences for foreign operations							-		-		-		29,484		(36,595)		(7,111)		3,450		(3,661)
Other comprehensive income from associates							-		-		-		1,807		-		1,807		-		1,807
Total other comprehensive income (loss)							-		-		126		31,291		(36,595)		(5,178)		3,450		(1,728)
Total comprehensive income (loss) for the period						W	-		-		(262,599)		31,291		(36,595)		(267,903)		29,143		(238,760)
Balances at March 31, 2025 (Unaudited)						W	2,500,000		2,773,587		(281,111)		1,027,114		254,768		6,274,358		1,559,689		7,834,047
Balances at January 1, 2026						W	2,500,000		2,740,811		281,912		1,081,401		-		6,604,124		1,235,114		7,839,238
Total comprehensive income (loss) for the period
Loss for the period							-		-		(570,691)		-		-		(570,691)		(5,023)		(575,714)
Other comprehensive income (loss)
Remeasurements of net defined benefit liabilities							-		-		(3,897)		-		-		(3,897)		-		(3,897)
Foreign currency translation differences for foreign operations							-		-		-		430,694		-		430,694		83,669		514,363
Other comprehensive income from associates							-		-		-		(857)		-		(857)		-		(857)
Total other comprehensive income (loss)							-		-		(3,897)		429,837		-		425,940		83,669		509,609
Total comprehensive income (loss) for the period						W	-		-		(574,588)		429,837		-		(144,751)		78,646		(66,105)
Balances at March 31, 2026 (Unaudited)						W	2,500,000		2,740,811		(292,676)		1,511,238		-		6,459,373		1,313,760		7,773,133
See accompanying notes to the condensed consolidated Interim financial statements.

5

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES
Consolidated Interim Statements of Cash Flows
For the three-month periods ended March 31, 2026 and 2025
(In millions of won)
							Note		2026 (Unaudited)		2025 (Unaudited)
Cash flows from (used in) operating activities:
Cash generated from operations							25	W	36,993		858,932
Income taxes paid									(19,045)		(74,315)
Interest received									7,438		23,372
Interest paid									(147,883)		(203,437)
Cash flows from (used in) operating activities									(122,497)		604,552
Cash flows from (used in) investing activities:
Dividends received									3,415		1,664
Increase in deposits in banks									(900)		(900)
Proceeds from withdrawal of deposits in banks									300		600
Acquisition of financial assets at fair value through profit or loss									(1,851)		(727)
Proceeds from disposal of financial assets at fair value through profit or loss									5,553		34
Receipt of advances related to assets held for sale									10,749		-
Acquisition of property, plant and equipment									(443,903)		(368,439)
Proceeds from disposal of property, plant and equipment									4,525		65,400
Acquisition of intangible assets									(163,584)		(190,231)
Government grants received									85		1,008
Proceeds from settlement of derivatives									37,172		65,509
Decrease in short-term loans									4,345		5,929
Increase in deposits									(1,094)		(2,045)
Decrease in deposits									3,576		2,572
Cash flows used in investing activities									(541,612)		(419,626)
Cash flows from (used in) financing activities:							25
Proceeds from short-term borrowings									1,999,842		1,367,077
Repayments of short-term borrowings									(1,044,141)		(1,033,848)
Repayments of current portion of bonds									(45,000)		(612,000)
Proceeds from long-term borrowings									815,000		1,162,817
Repayments of current portion of long-term borrowings									(1,170,103)		(859,896)
Payments of lease liabilities									(11,538)		(16,081)
Dividends to non-controlling shareholders in subsidiaries									-		(6,390)
Cash flows from financing activities									544,060		1,679
Net increase (decrease) in cash and cash equivalents									(120,049)		186,605
Cash and cash equivalents at January 1									1,572,058		2,021,640
Effect of exchange rate fluctuations on cash held									71,628		5,211
Changes in cash and cash equivalents included in assets held for sale									-		(1,232,080)
Cash and cash equivalents at March 31								W	1,523,637		981,376
See accompanying notes to the condensed consolidated interim financial statements.

6

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

1. Reporting Entity

(a) Description of the Parent Company

LG Display Co., Ltd. (the "Parent Company") was incorporated in February 1985 and the Parent Company has been a public corporation listed on the Korea Exchange since 2004. The main business of the Parent Company and its subsidiaries (the “Group”) is to manufacture and sell displays and its related products. As of March 31, 2026, the Group operates Thin Film Transistor Liquid Crystal Display (“TFT-LCD”) and Organic Light Emitting Diode (“OLED”) panel manufacturing plants in Gumi, Paju and China and TFT-LCD and OLED module manufacturing plants in Gumi, Paju, China and Vietnam. The Parent Company is domiciled in the Republic of Korea with its address at 128 Yeoui-daero, Yeongdeungpo-gu, Seoul. As of March 31, 2026, LG Electronics Inc., a major shareholder of the Parent Company, owns 36.72% (183,593,206 shares) of the Parent Company’s common stock.

As of March 31, 2026, 500,000,000 shares of the Parent Company's common stock is listed on Korea Exchange under the identifying code 034220, and 40,481,566 American Depository Shares ("ADSs", 2 ADSs represent one share of common stock) is listed on the New York Stock Exchange under the symbol "LPL".

7

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

1. Reporting Entity, Continued

(b) Consolidated Subsidiaries as of March 31, 2026

Subsidiaries		Location		Percentage of ownership(%)		Closing month		Date of incorporation		Business
LG Display America, Inc.		San Jose, U.S.A.		100		December		September 24, 1999		Sales of display products
LG Display Germany GmbH		Eschborn, Germany		100		December		October 15, 1999		Sales of display products
LG Display Japan Co., Ltd.		Tokyo, Japan		100		December		October 12, 1999		Sales of display products
LG Display Taiwan Co., Ltd.		Taipei, Taiwan		100		December		April 12, 1999		Sales of display products
LG Display Nanjing Co., Ltd.		Nanjing, China		100		December		July 15, 2002		Production of display products
LG Display Shanghai Co., Ltd.		Shanghai, China		100		December		January 16, 2003		Sales of display products
LG Display Shenzhen Co., Ltd.		Shenzhen, China		100		December		July 27, 2007		Sales of display products
LG Display Singapore Pte. Ltd.		Singapore		100		December		November 4, 2008		Sales of display products
L&T Display Technology (Fujian) Limited		Fujian, China		51		December		December 7, 2009		Production and sales of LCD module and LCD monitor sets
LG Display Yantai Co., Ltd.		Yantai, China		100		December		March 17, 2010		Production of display products
Nanumnuri Co., Ltd.		Gumi, South Korea		100		December		March 21, 2012		Operation of welfare facilities
Unified Innovative Technology, LLC		Wilmington, U.S.A.		100		December		March 12, 2014		Intellectual property management
LG Display Guangzhou Trading Co., Ltd.		Guangzhou, China		100		December		April 28, 2015		Sales of display products
Global OLED Technology, LLC		Sterling, U.S.A.		100		December		December 18, 2009		OLED intellectual property management
LG Display Vietnam Haiphong Co., Ltd.		Haiphong, Vietnam		100		December		May 5, 2016		Production and sales of display products
Suzhou Lehui Display Co., Ltd.		Suzhou, China		100		December		July 1, 2016		Production and sales of LCD module and LCD monitor sets
LG DISPLAY FUND I LLC (*)		Wilmington, U.S.A.		100		December		May 1, 2018		Investment in venture business and technologies
LG Display High-Tech (China) Co., Ltd.		Guangzhou, China		70		December		July 11, 2018		Production and sales of display products

(*) For the three-month period ended March 31, 2026, the Parent Company contributed W328 million in cash for the capital increase of LG DISPLAY FUND I LLC. There was no change in the Parent Company’s percentage of ownership in LG DISPLAY FUND I LLC as a result of this additional investment.

8

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

1. Reporting Entity, Continued

(c) Change in scope of Consolidation

For the year ended December 31, 2024, management of the Group decided to sell 80% of its stake in LG Display (China) Co., Ltd. and 100% of its stake in LG Display Guangzhou Co., Ltd. to TCL CSOT. The contract was signed on September 26, 2024, and the transaction was completed on April 1, 2025.

Subsidiaries		Location		Percentage of ownership(%)		Reason
LG Display Guangzhou Co., Ltd.		Guangzhou, China		100		Disposal
LG Display (China) Co., Ltd.		Guangzhou, China		80		Disposal

2. Basis of Preparation

(a) Application of accounting standards

The Group's condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standard as adopted by the Republic of Korea (Korean IFRS) 1034 Interim Financial Reporting. These condensed consolidated interim financial statements do not include all of the information required for full annual consolidated financial statements and should be read in conjunction with the consolidated financial statements of the Group as of and for the year ended December 31, 2025.

(b) Basis of Measurement

The condensed consolidated interim financial statements have been prepared on the historical cost basis except for the following material items in the consolidated statement of financial position:

▪derivative financial instruments at fair value, financial assets at fair value through profit or loss (“FVTPL”), financial assets at fair value through other comprehensive income (“FVOCI”), financial liabilities at fair value through profit or loss (“FVTPL”), and

▪net defined benefit liabilities (defined benefit assets) recognized at the present value of defined benefit obligations less the fair value of plan assets

(c) Functional and Presentation Currency

Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which each entity operates (the “functional currency"). The consolidated financial statements are presented in Korean won, which is the Parent Company’s functional and presentation currency.

(d) Estimates and Judgments

The preparation of the condensed consolidated interim financial statements in conformity with Korean IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. The actual results may differ from the estimates at the end of the interim reporting period which are based on management’s best estimate, as the underlying assumptions may vary from actual outcomes.

9

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

2. Basis of Preparation, Continued

(e) Accounting standards and Interpretation issued and adopted by the Group

The Group has applied the following standards and amendments for the first time for their annual reporting period commencing January 1, 2026.

(i)Amendments to Korean IFRS 1109 Financial Instruments, Korean IFRS 1107 Financial Instruments: Disclosures

Korean IFRS 1109 Financial Instruments and Korean IFRS 1107 Financial Instruments: Disclosures have been amended to respond to recent questions arising in practice, and to include new requirements.

-clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system;

-clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion;

-add new disclosures of impact on the entity and the extent to which the entity is exposed for each type of financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and

-update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI).

(ii)Annual Improvements to Korean IFRS - Volume 11

Annual Improvements to Korean IFRS - Volume 11 should be applied for annual periods beginning on or after January 1, 2026.

-Korean IFRS 1101 First-time Adoption of International Financial Reporting Standards: Hedge accounting by a first-time adopter

-Korean IFRS 1107 Financial Instruments: Disclosures: Gain or loss on derecognition and implementation guidance

-Korean IFRS 1109 Financial Instruments: Derecognition of lease liabilities and definition of transaction price

-Korean IFRS 1110 Consolidated Financial Statements: Determination of a ‘de facto agent’

-Korean IFRS 1007 Statement of Cash Flows: Cost method

(iii)Amendments to Korean IFRS 1109 Financial Instrumen1ts and Korean IFRS 1107 Financial Instruments: Disclosures - Contracts Referencing Nature-dependent Electricity

Contracts referencing nature-dependent electricity are defined contracts that expose an entity to variability in the underlying amount of electricity because the source of electricity generation depends on uncontrollable natural conditions (for example, the weather). The amendments clarify that ‘contracts to buy or sell such electricity’ are assessed for eligibility under the own-use exemption. In addition, the amendments modify hedge accounting requirements by allowing an entity to designate as the hedged item a variable nominal amount of forecast electricity transactions that reflect the nature-dependent variability of electricity and introduce additional disclosure requirements.

10

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

2. Basis of Preparation, Continued

(f) Accounting standards and Interpretation issued but not yet adopted by the Group

The Accounting standards and Interpretation issued that have been enacted or amended but have not been applied because the effective date has not arrived are as follows:

(i)Korean IFRS 1118 Presentation and Disclosure in Financial Statements

Korean IFRS 1118 Presentation and Disclosure in Financial Statements replaces Korean IFRS 1001 Presentation of Financial Statements. Korean IFRS 1118 is expected to increase comparability of the financial performance of similar entities by providing users with more useful information for analyzing and comparing the entity's performance based on the income statement.

Korean IFRS 1118 should be first applied for annual periods beginning on or after January 1, 2027, and earlier application is permitted. In accordance with Korean IFRS 1008 Accounting Policies, Changes in Accounting Estimates and Errors, the comparative information for the year ended December 31, 2026, shall be restated under Korean IFRS 1118 as the Group is required to apply the standard retrospectively.

Management is in review for the impact of applying the new standard on consolidated financial statements. Adoption of the standard is not expected to have an impact on the Group's net profit or loss; however, it will require income and expenses in the income statements to be classified into new categories, which is expected to have an impact on the calculation and presentation of operating profit (loss).

(g) Income Tax Expense

The Group is within the scope of the Pillar Two model rules, and applied the exception to recognizing and disclosing information about deferred tax.

11

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

3. Accounting Policies

The accounting policies followed by the Group in the preparation of its condensed consolidated interim financial statements are the same as those followed by the Group in its preparation of the consolidated financial statements as of and for the year ended December 31, 2025, except for the application of Korean IFRS 1034 Interim Financial Reporting.

4. Cash and Cash Equivalents and Deposits in Banks

Details of cash and cash equivalents and deposits in banks as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Current assets
Cash and cash equivalents
Deposits	W	1,523,637		1,572,058
Deposits in banks
Time deposits	W	1,200		600
Non-current assets
Deposits in banks
Deposit for checking account	W	11		11

5. Trade Accounts and Notes Receivable, and Other Accounts Receivable

(a) Details of trade accounts and notes receivable and other accounts receivable as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Trade accounts and notes receivable, net	W	2,181,682		2,359,184
Other accounts receivable
Non-trade receivables, net		174,100		145,426
Accrued income, net		18,627		34,987
Subtotal		192,727		180,413
Total	W	2,374,409		2,539,597

12

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

5. Trade Accounts and Notes Receivable, and Other Accounts Receivable, Continued

(b) The aging of trade accounts and notes receivable and other accounts receivable as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)		March 31, 2026
		Original amount				Allowance for doubtful account
		Trade accounts and notes receivable		Other accounts receivable		Trade accounts and notes receivable		Other accounts receivable
Not past due	W	2,170,807		101,700		(600)		(368)
1-15 days past due		6,304		6,992		-		(3)
16-30 days past due		3,362		36,335		-		(7)
31-60 days past due		1,714		8,303		-		-
More than 60 days past due		95		40,110		-		(335)
Total	W	2,182,282		193,440		(600)		(713)

(In millions of won)		December 31, 2025
		Original amount				Allowance for doubtful account
		Trade accounts and notes receivable		Other accounts receivable		Trade accounts and notes receivable		Other accounts receivable
Not past due	W	2,351,767		128,489		(722)		(523)
1-15 days past due		1,385		1,314		-		(1)
16-30 days past due		5,581		10,224		-		(1)
31-60 days past due		1,167		10,768		-		(3)
More than 60 days past due		6		30,422		-		(276)
Total	W	2,359,906		181,217		(722)		(804)

The movement in the allowance for doubtful account in respect of trade accounts and notes receivable and other accounts receivable for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)		2026				2025
		Trade accounts and notes receivable		Other accounts receivable		Trade accounts and notes receivable		Other accounts receivable
At January 1	W	722		804		1,383		478
(Reversal of) bad debt expense		(122)		(91)		(512)			109
At March 31	W	600		713		871		587

13

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

6. Other Financial Assets

Details of other financial assets as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)		March 31, 2026		December 31, 2025
Current assets
Financial assets at fair value through profit or loss
Derivatives (*)	W	129,663		62,740
Financial assets carried at amortized cost
Deposits	W	5,726		8,851
Short-term loans		8,033		13,318
Subtotal	W	13,759		22,169
Other financial assets
Lease receivables	W	853		4,616
Total	W	144,275		89,525
Non-current assets
Financial assets at fair value through profit or loss
Equity instruments	W	127,297		124,316
Derivatives (*)		147,479		69,247
Subtotal	W	274,776		193,563
Financial assets at amortized cost
Deposits	W	6,746		5,698
Other financial assets
Lease receivables	W	2,776		2,790
Total	W	284,298		202,051

(*) The derivatives, which are not designated as hedging instruments, arise from cross‑currency interest rate swap contracts and interest rate swap contracts for the purpose of managing risks associated with borrowings and bonds.

14

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

7. Inventories

Details of inventories as of March 31, 2026 and December 31, 2025 are as follows:

(i) As of March 31, 2026

(In millions of won)
		Cost		Valuation allowance		Carrying amount
Finished goods	W	762,097		(32,655)		729,442
Work-in-process		1,500,759		(179,682)		1,321,077
Raw materials		576,612		(25,438)		551,174
Supplies		207,571		(22,353)		185,218
Total	W	3,047,039		(260,128)		2,786,911

(ii) As of December 31, 2025

(In millions of won)
		Cost		Valuation allowance		Carrying amount
Finished goods	W	802,647		(57,184)		745,463
Work-in-process		1,271,007		(156,597)		1,114,410
Raw materials		528,812		(24,969)		503,843
Supplies		204,905		(22,955)		181,950
Total	W	2,807,371		(261,705)		2,545,666

For the three-month periods ended March 31, 2026 and 2025, the amounts of inventories recognized as expense and reversal of loss on valuation of inventories are as follows:

(In millions of won)		2026		2025
Cost of sales	W	4,768,515		5,322,494
Inventories recognized as expense		4,770,955		5,345,086
Reversal of write-downs of inventories deducted from cost of sales		(2,440)		(22,592)

15

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

8. Investments in equity accounted investees

Details of investment in associates as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)

March 31, 2026

December 31, 2025

Associates

Location

Closing

Business

Percentage of ownership

Carrying amount

Percentage of ownership

Carrying amount

Paju Electric Glass Co., Ltd.

Paju, South Korea

December

Production of glass for display

40%

W

28,661

40%

W

31,479

Arctic Sentinel, Inc.

Los Angeles, U.S.A.

March

Development and production of tablet for kids

10%

-

10%

-

Cynora GmbH

Bruchsal, Germany

December

Development of organic light emitting materials for displays and lighting devices

10%

-

10%

-

Material Science Co., Ltd.

Hwaseong, South Korea

December

Development, production, and sales of materials for display

9%

5,109

9%

5,027

Total

W

33,770

W

36,506

Although the Parent Company’s respective share interests in Arctic Sentinel, Inc., Cynora GmbH and Material Science Co., Ltd. are below 20%, the Parent Company is able to exercise significant influence through its right to appoint one or more directors to the board of directors of each investee. Accordingly, the investments in these investees have been accounted for using the equity method.

Dividend income recognized from associates for the three-month periods ended March 31, 2026 and 2025 amounted to W3,415 million and W1,664 million, respectively.

16

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

9. Property, Plant and Equipment

(a) Changes in property, plant and equipment for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
			2026		2025
Book value as of January 1	W		14,470,776		17,202,873
Acquisitions			416,819		247,118
Depreciation			(820,028)		(1,006,788)
Disposals			(11,317)		(78,712)
Impairment loss (*)			(1,088)		(2,263)
Effect of movements in exchange rates and others			246,022		13,628
Government grants received			(85)		(1,008)
Reclassified as held for sale			(12,116)		-
Book value as of March 31	W		14,288,983		16,374,848

(*) If there are indications of impairment, impairment losses are recognized for the difference between the carrying amount and the recoverable amount of property, plant and equipment.

(b) For the three-month period ended March 31, 2026, the capitalized borrowing costs amounted to W3,746 million (For the three-month period ended March 31, 2025: W3,090 million), and capitalization rate is 4.51% (For the three-month period ended March 31, 2025: 5.00%).

10. Intangible Assets

Changes in intangible assets for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
			2026		2025
Book value as of January 1	W		1,478,035		1,558,407
Acquisitions			457,241		32,569
Acquisitions by Internal Development			96,807		131,851
Amortization			(186,520)		(203,154)
Impairment loss (*)			(6,604)		(453)
Effect of movements in exchange rates and Others			8,327		(875)
Book value as of March 31	W		1,847,286		1,518,345

(*) If there are indications of impairment, impairment losses are recognized for the difference between the carrying amount and the recoverable amount of intangible assets.

17

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

11. Investment Property

(a) Changes in investment property for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)		2026		2025
Book value as of January 1	W	18,031		27,911
Depreciation		(171)		(1,272)
Others		-		10
Book value as of March 31	W	17,860		26,649

(b) For the three-month period ended March 31, 2026, rental revenue from investment property is W1,572 million (For the three-month period ended March 31, 2025: W2,535 million) and rental cost is W251 million (For the three-month period ended March 31, 2025: W1,345 million).

12. Financial Liabilities

(a)Details of financial liabilities as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Current
Short-term borrowings	W	1,833,016		810,718
Current portion of long-term borrowings		2,521,520		2,548,958
Current portion of bonds		486,120		398,223
Derivatives (*)		2,643		4,066
Lease liabilities		33,894		36,429
Total	W	4,877,193		3,798,394
Non-current
Long-term borrowings	W	8,894,462		8,781,368
Bonds		-		124,871
Derivatives (*)		12,673		5,487
Lease liabilities		27,427		23,249
Total	W	8,934,562		8,934,975

(*) The derivatives, which are not designated as hedging instruments, arise from cross‑currency interest rate swap contracts and interest rate swap contracts for the purpose of managing risks associated with borrowings and bonds.

18

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

12. Financial Liabilities, Continued

(b) Details of short-term borrowings as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
Lender		Description		Annual interest rate as of March 31, 2026 (%)		March 31, 2026		December 31, 2025
Standard Chartered Bank Korea Limited and others		Working capital and others		2.37 ~ 4.75	W	1,833,016		810,718

(c) Details of Korean won denominated long-term borrowings as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
Lender		Description		Latest maturity date		Annual interest rate as of March 31, 2026 (%)		March 31, 2026		December 31,  2025
Korea Development Bank and others		Facility capital and others		April 2026 ~ March 2036		3.46 ~ 5.65	W	4,138,323		4,000,423
Less: current portion								(943,750)		(1,190,000)
Total							W	3,194,573		2,810,423

(d) Details of foreign currency denominated long-term borrowings as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won, USD and CNY)

Lender		Description		Latest maturity date		Annual interest rate as of March 31, 2026 (%)		March 31, 2026		December 31, 2025
KEB Hana Bank and others		Facility capital and others		September 2026 ~ July 2029		2.03 ~ 6.27	W	7,277,659		7,329,903
Foreign currency equivalent of foreign currency borrowings								USD 2,263		USD 2,350
								CNY 17,615		CNY 19,332
Less: current portion								(1,577,770)		(1,358,958)
Total							W	5,699,889		5,970,945

19

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

12. Financial Liabilities, Continued

(e) Details of bonds issued and outstanding as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won and USD)
		Maturity		Annual interest rate as of March 31, 2026 (%)		March 31, 2026		December 31, 2025
Korean won denominated bonds at amortized cost (*1)
Publicly issued bonds		September 2026 ~ February 2027		2.79 ~ 3.66	W	335,000		335,000
Privately issued bonds		-		-		-		45,000
Less: discount on bonds						(182)		(257)
Less: current portion						(334,818)		(254,872)
Subtotal					W	-		124,871
Foreign currency denominated bonds at amortized cost (*2)
Privately issued bonds		April 2026		5.57	W	151,340		143,490
Foreign currency equivalent of foreign currency denominated bonds						USD 100		USD 100
Less: discount on bonds						(38)		(139)
Less: foreign currency equivalent of discount on bonds of foreign currency denominated bonds						USD (0)		USD (0)
Less: current portion						(151,302)		(143,351)
Subtotal					W	-		-
Total					W	-		124,871

(*1) Principal of the Korean won denominated bonds is to be repaid at maturity and interest is paid quarterly.

(*2) Principal of the foreign currency denominated bonds is to be repaid at maturity and interest is paid quarterly.

20

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

13. Post-employment Benefits

(a) Defined benefit plans

The Parent Company and certain subsidiaries’ defined benefit plans provide a lump-sum payment to an employee based on final salary rates and length of service at the time the employee leaves the Parent Company or its certain subsidiaries.

i) Details of net defined benefit liabilities (defined benefit assets) recognized as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Present value of defined benefit obligations	W	1,253,126		1,276,310
Fair value of plan assets		(1,421,894)		(1,473,736)
Total	W	(168,768)		(197,426)
Defined benefit liabilities, net	W	1,188		1,109
Defined benefit assets, net	W	(169,956)		(198,535)

ii) Details of plan assets as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Time deposits in banks	W	1,421,894		1,473,736

As of March 31, 2026, the Group maintains the plan assets primarily with Shinhan Bank, KEB Hana Bank and others.

iii) Details of expenses related to defined benefit plans recognized in profit or loss for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)		2026		2025
Current service cost	W	30,517		36,924
Net interest cost		(2,340)		(1,561)
Total(*)	W	28,177		35,363

(*) The total cost related to the defined benefit plans includes capitalized amounts of W2,149 million (for the three-month period ended March 31, 2025: W2,605 million).

(b) Defined contribution plans

The amount recognized as an expense in relation to the defined contribution plan for the three-month period ended March 31, 2026 is W9,990 million (for the three-month period ended March 31, 2025: W6,754 million).

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

14. Provisions

Changes in provisions for the three-month periods ended March 31, 2026 and 2025 are as follows:

(i) 2026

(In millions of won)
		Litigation		Warranties (*)		Others		Total
At January 1, 2026	W	1,546		136,309		3,780		141,635
Additions		3,836		6,855		5,064		15,755
Usage		-		(22,342)		(5,809)		(28,151)
At March 31, 2026	W	5,382		120,822		3,035		129,239
Current	W	5,382		73,962		3,035		82,379
Non-current	W	-		46,860		-		46,860

(*) The Group provides warranty on defective products for warranty periods after sales. The provision is calculated based on the assumption of expected number of warranty claims and costs per claim considering historical experience.

(ii) 2025

(In millions of won)
		Litigation		Warranties (*)		Others		Total
At January 1, 2025	W	7,479		152,683		5,997		166,159
Additions (reversal)		58		17,088		(1,049)		16,097
Usage		(5,450)		(25,341)		-		(30,791)
At March 31, 2025	W	2,087		144,430		4,948		151,465
Current	W	2,087		87,791		4,948		94,826
Non-current	W	-		56,639		-		56,639

(*) The Group provides warranty on defective products for warranty periods after sales. The provision is calculated based on the assumption of expected number of warranty claims and costs per claim considering historical experience.

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

15. Contingent Liabilities and Commitments

(a)Legal Proceedings

Litigation alleging violations of antitrust and competition laws

The Group and other LCD panel manufacturers have been sued by individual companies for alleged violations of European Union competition laws. The Group is actively defending itself in these ongoing legal proceedings, and as of March 31, 2026, the Group cannot predict the ultimate outcome of the litigation.

Others

The Group is involved in various lawsuits and disputes in addition to pending proceedings described above. The Group cannot reliably estimate the timing and amount of outflows of resources embodying economic benefits relating to the disputes.

(b)Commitments

Factoring and transfer of trade receivables

The Parent Company has entered into discount agreements with NongHyup Bank and other banks for accounts receivable related to export sales transactions with its subsidiaries, with a credit limit of up to USD 1,100 million (Equivalent to W1,664,740 million). As of March 31, 2026, the amount of the discounted trade receivables that remain outstanding until maturity under the agreement is USD 335 million (Equivalent to W506,472 million). In relation to the above contract, financial institutions retain the right of recourse against the Group for any discounted receivables that are not collected at maturity.

The Group has entered into receivable transfer agreements with Standard Chartered Bank and other financial institutions in respect of trade receivables, with an aggregate limit of W4,146,717 million. As of March 31, 2026, the amount of transferred trade receivables that remain outstanding until maturity under the agreement is W1,514,745 million. In relation to the above agreements, financial institutions do not have recourse to the Group for any receivables that are not recovered at maturity.

Loan commitment

As of March 31, 2026, the Group has borrowing and letter of credit facilities with Hana Bank and other financial institutions with a combined credit limit of W4,076,638 million.

Payment guarantees

The Group has received payment guarantees from the Export-Import Bank of Korea and others in relation to borrowings amounting to USD 853 million (Equivalent to W1,291,119 million).

The Group has entered into agreements with Seoul Guarantee Insurance Co., Ltd., and others to receive guarantees with an aggregate limit of KRW 2,653 million, CNY 550 million (Equivalent to W120,285 million), JPY 900 million (Equivalent to W8,521 million), VND 75,163 million (Equivalent to W4,314 million), and USD 0.2 million (Equivalent to W274 million) for the performance guarantees, payment of consumption tax, import value-added tax, customs duties, and electricity charges.

License agreements

As of March 31, 2026, the Group has a trademark license agreement with LG Corp. and pays the usage fee according to the terms of the Agreement.

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

15. Contingent Liabilities and Commitments, Continued

Collateral

Details of collateral provided by the Group as of March 31, 2026 are as follows:

(In millions of won, CNY)

Collateral		Carrying amount		Maximum secured amount of credit		Secured creditor		Collateral borrowings amount
Property, plant and equipment and others		212,922		780,000		Korea Development Bank and others		650,000
Property, plant and equipment and others		761,243		-		China Construction Bank Corporation and others		CNY 4,500

Commitments for asset acquisition

The amount committed to acquire property, plant, equipment and intangible assets not recognized on the financial statements as of March 31, 2026 is W779,112 million.

24

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

16. Share Capital, Capital Surplus and Reserves

(a) Share capital and Capital surplus

The total number of shares to be issued by the Parent Company is 1,000,000,000 shares, the number of shares issued is 500,000,000 shares (December 31, 2025 : 500,000,000 shares), and the par value per share is W5,000. There were no changes in the share capital of the Parent Company for the three-month period ended March 31, 2026.

Capital surplus as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Share premium	W	2,821,006		2,821,006
Other capital surplus		(80,195)		(80,195)
Total	W	2,740,811		2,740,811

(b) Reserves

Reserves consist of the following:

Foreign currency translation differences for foreign operations

Foreign currency translation differences for foreign operations include all foreign currency differences arising from translating the financial statements of the Group’s foreign operations.

Other comprehensive income (loss) from associates

The other comprehensive income (loss) from associates comprises include the Group’s share of other comprehensive income arising from the amount related to change in equity of investments in equity-method investments.

Reserves as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Foreign currency translation differences for foreign operations	W	1,539,319		1,108,625
Other comprehensive loss from associates		(28,081)		(27,224)
Total	W	1,511,238		1,081,401

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

17. Revenue

Details of revenue for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Sales of goods	W	5,508,024		5,992,956
Others (*)		25,978		72,342
Total	W	5,534,002		6,065,298

(*) Others include royalties and rental revenue.

For the three-month period ended March 31, 2026, the revenue recognized by satisfying performance obligation for the amount received from the customer in prior reporting periods is W9,206 million (For the three-month period ended March 31, 2025 : W221,302 million).

18. Information about geographical areas and products

Details of information of geographical areas and products for the three-month periods ended March 31, 2026, and 2025 are as follows:

(a)Revenue by geography (Customer based)

(In millions of won)
Region		2026		2025
Domestic	W	275,920		240,179
Foreign
China		3,570,205		3,933,260
Asia (excluding China)		1,010,954		943,686
North America		341,129		542,431
Europe		335,794		405,742
Subtotal	W	5,258,082		5,825,119
Total	W	5,534,002		6,065,298

“Company A” and “Company B” accounted for more than 10% of the Group’s revenue for the three-month period ended March 31, 2026, with amounts of W3,230,601 million and W696,425 million, respectively (For the three-month period ended March 31, 2025: W3,181,785 million and W850,873 million, respectively). The aggregated revenues from the Group’s top ten customers accounted for 93% of revenue for the three-month period ended March 31, 2026(For the three-month period ended March 31, 2025: 90%).

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

18. Information about geographical areas and products, Continued

(b)Non-current assets by geography

(In millions of won)
Region		March 31, 2026						December 31, 2025
			Property, plant and equipment		Intangible assets		Investment Property		Property, plant and equipment		Intangible assets		Investment Property
Domestic	W	9,983,202		1,721,645		17,860		10,299,102		1,427,773		18,031
Foreign
China		1,462,397		83,311		-		1,457,884		6,816		-
Vietnam		2,826,657		27,621		-		2,699,577		30,249		-
Others		16,727		14,709		-		14,213		13,197		-
Subtotal	W	4,305,781		125,641		-		4,171,674		50,262		-
Total	W	14,288,983		1,847,286		17,860		14,470,776		1,478,035		18,031

(c)Revenue by product and services

(In millions of won)
		2026		2025
TV	W	870,192		1,345,093
IT		1,997,092		2,107,776
Mobile and others (*)		2,118,242		2,083,122
AUTO		548,476		529,307
Total (*)	W	5,534,002		6,065,298

(*) This includes other revenue.

For the three-month period ended March 31, 2026, the revenue from OLED products accounted for 60% of the total revenue(For the three-month period ended March 31, 2025: 55%) of the total revenue.

27

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

19. The Nature of Expenses

The classifications of expenses by nature for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Changes in inventories	W	(241,245)		(284,850)
Purchases of raw materials and others		2,592,524		2,915,391
Depreciation and amortization		994,284		1,197,852
Outsourcing		327,817		295,355
Labor		819,982		900,217
Supplies and others		209,891		229,193
Utility		292,994		336,119
Fees and commissions		163,026		170,690
Freight cost		23,388		30,710
Advertising		12,742		13,809
Travel		9,177		10,637
Taxes and dues		32,564		33,155
Others		150,139		183,556
Total (*)	W	5,387,283		6,031,834

(*) Total expenses consist of cost of sales, selling, administrative, research and development expenses.

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

20. Selling and Administrative Expenses

Details of selling and administrative expenses for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Salaries	W	86,963		132,053
Post-employment benefit		5,045		6,484
Other employee benefits		19,466		21,005
Freight cost		15,457		20,674
Fees and commissions		55,363		53,704
Depreciation and amortization		49,431		54,956
Taxes and dues		9,528		10,760
Advertising		12,742		13,809
Insurance		3,003		3,337
Travel		2,845		2,872
Training		3,262		3,333
Others		23,402		35,292
Total	W	286,507		358,279

29

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

21. Other Non-operating Income and Other Non-operating Expenses

(a) Details of other non-operating income for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Foreign currency gain	W	408,756		306,286
Gain on disposal of property, plant and equipment		11,081		8,560
Others		6,736		2,458
Total	W	426,573		317,304

(b) Details of other non-operating expenses for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Foreign currency loss	W	804,235		311,732
Loss on disposal of property, plant and equipment		18,576		21,727
Impairment loss on property, plant and equipment		1,378		2,263
Impairment loss on intangible assets		6,604		453
Others		7,520		6,567
Total	W	838,313		342,742

30

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

22. Finance Income and Finance Costs

Details of finance income and costs recognized in profit or loss for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026			2025
Finance income
Interest income	W	7,615			22,038
Foreign currency gain		72,287			90,117
Gain on transaction of derivatives		37,420			65,650
Gain on valuation of derivatives		149,416			1,582
Others		4,164			926
Total	W	270,902			180,313
Finance costs
Interest expense	W	147,395			201,022
Foreign currency loss		359,593			75,511
Loss on sale of trade accounts and notes receivable		9,495			2,208
Loss on valuation of derivatives		10,023			55,588
Others		3,120			2,638
Total	W	529,626			336,967

23. Loss Per Share

(a)Basic loss per share for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In won and number of shares)
		2026		2025
Loss for the period	W	(570,691,298,731)		(262,725,430,264)
Weighted-average number of common shares outstanding		500,000,000		500,000,000
Basic loss per share	W	(1,141)		(525)

(b) Diluted loss per share is not different from basic loss per share as there are no dilution effects of potential common stocks.

31

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management

The Group is exposed to credit risk, liquidity risk and market risk. The Group identifies and analyzes such risks, and controls are implemented under a risk management system to monitor and manage these risks at below an acceptable level.

(a) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices, which will affect the Group’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

(i) Currency risk

The Group is exposed to currency risk on sales, purchases and borrowings that are denominated in a currency other than the functional currency. The currencies in which these transactions primarily are denominated are USD and JPY, etc.

The Group adopts policies to ensure that its net exposure is kept to a manageable level by buying or selling foreign currencies at spot rates when necessary to address short-term imbalances in foreign currency cash inflows and outflows. In respect of monetary assets and liabilities denominated in foreign currencies, the Group manages currency risk through continuously managing the position of foreign currencies, measuring the currency risk and, if necessary, using derivatives such as currency forwards, currency swap and others.

Cross currency interest rate swap contracts, USD 600 million(December 31, 2025: USD 580 million) and CNY 1,740 million(December 31, 2025: CNY 380 million) were entered into to manage currency risk with respect to foreign currency denominated borrowings and USD 845 million(December 31, 2025: USD 1,020 million) were entered into to manage currency risk and interest rate risk with respect to foreign currency denominated borrowings and bonds.

A weaker won, as indicated below, against the following currencies which comprise the Group’s financial assets or liabilities denominated in a foreign currency as of March 31, 2026 and December 31, 2025, would have increased (decreased) equity and profit or loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Group considers to be reasonably possible at the end of the reporting period. The sensitivity analysis assumes that all other variables, in particular interest rates, would remain constant. The changes in profit or loss before income tax would have been as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
USD (5 percent weakening)	W	(66,905)		21,011
JPY (5 percent weakening)		(4,129)		(5,434)

If the exchange rates for the currencies presented above were to decrease at the end of the reporting period, with all other variables held constant, the effects would be the opposite of those presented above.

(ii) Interest rate risk

Interest rate risk arises principally from the Group’s variable interest-bearing bonds and borrowings. The Group establishes and applies its policy to reduce uncertainty arising from fluctuations in interest rates and to minimize finance cost and manage interest rate risk by monitoring trends of fluctuations in interest rate and establishing plan for countermeasures. Meanwhile, the Group entered into cross currency interest rate swap contracts amounting to USD 845 million (Equivalent to W1,278,823 million) and interest rate swap contracts amounting to USD 250 million (Equivalent to W378,350 million) and W2,030,000 million in notional amount to hedge interest rate risk with respect to variable interest-bearing borrowings.

32

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

i) Profile

The interest rate profile of the Group’s interest-bearing financial instruments as of March 31, 2026 and December 31, 2025 is as follows:

(In millions of won)		March 31, 2026		December 31, 2025
Fixed rate instruments
Financial assets	W	1,524,837		1,572,658
Financial liabilities		(3,579,102)		(2,548,213)
Total	W	(2,054,265)		(975,555)
Variable rate instruments
Financial liabilities	W	(10,156,016)		(10,115,925)

ii) Profit or loss before income tax sensitivity analysis for variable rate instruments

As of March 31, 2026 and December 31, 2025, a change of 100 basis points in interest rates at the reporting date would have increased (decreased) profit or loss before income tax by the amounts shown below for the respective following 12 month periods. This analysis assumes that all other variables remain constant.

(In millions of won)		Profit or loss before income tax
		1%p increase		1%p decrease
March 31, 2026
Variable rate instruments	W	(101,560)		101,560
December 31, 2025
Variable rate instruments	W	(101,159)		101,159

33

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

(b) Credit risk

Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Group’s receivables from customers.

The Group’s exposure to credit risk of trade and other receivables is influenced mainly by the individual characteristics of each customer. However, management believes that the default risk of the country in which each customer operates, does not have a significant influence on credit risk since the majority of the customers are global electronic appliance manufacturers operating in global markets.

The Group establishes credit limits for each customer and each new customer is analyzed quantitatively and qualitatively before determining whether to utilize third party guarantees, insurance or factoring as appropriate.

In relation to the impairment of financial assets subsequent to initial recognition, the Group recognizes the changes in expected credit loss (“ECL”) in profit or loss at each reporting date.

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Financial assets carried at amortized cost
Cash equivalents	W	1,523,637		1,572,058
Deposits in banks		1,211		611
Trade accounts and notes receivable, net		1,603,131		2,136,774
Non-trade receivables, net		174,100		145,426
Accrued income, net		18,627		34,987
Deposits		12,472		14,549
Loans		8,033		13,318
Subtotal		3,341,211		3,917,723
Other financial assets
Lease receivables	W	3,629		7,406
Financial assets at fair value through profit or loss
Derivatives		277,142		131,987
Financial assets at fair value through other comprehensive profit or loss
Trade accounts and notes receivable, net	W	578,551		222,410
Total	W	4,200,533		4,279,526

Trade accounts and notes receivable are insured in order for the Group to manage credit risk if they do not meet the Group’s internal credit ratings. Uninsured trade accounts and notes receivable are managed by continuous monitoring of internal credit rating standards established by the Group and seeking insurance coverage, if necessary.

34

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

(c) Liquidity risk

Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or other financial assets. The Group’s liquidity management policy involves projecting cash flows in major currencies and considering the level of liquid assets necessary to meet these, monitoring liquidity ratios against internal and external regulatory requirements and maintaining debt financing plans.

The Group has historically been able to satisfy its cash requirements from cash flows from operations and debt and equity financing.

Meanwhile, the Group has entered into borrowing facility agreements with several banks. These agreements may include financial covenants requiring the Group to meet certain financial performance targets. The Group periodically monitors compliance with these agreements through its internal control procedures to proactively manage liquidity risk.

35

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

(i) Contractual cash flows of financial liabilities

The following are the contractual maturities of financial liabilities, including estimated interest payments, as of March 31, 2026 and December 31, 2025.

i) As of March 31, 2026

(In millions of won)				Contractual cash flows
		Carrying amount		Total		6 months or less		6-12 months		1-2 years		2-5 years		More than 5 years
Non-derivative financial liabilities
Borrowings	W	13,248,998		13,808,617		2,609,898		1,913,815		5,841,321		3,284,737		158,846
Bonds		486,120		495,950		368,665		127,285		-		-		-
Trade accounts and notes payable(*)		2,737,617		2,737,617		2,737,617		-		-		-		-
Other accounts payable(*)		1,251,846		1,255,587		1,141,325		114,262		-		-		-
Long-term other accounts payable		558,228		628,818		-		-		163,447		465,371		-
Security deposits received		138,473		146,479		1,119		2,860		142,474		26		-
Lease liabilities		61,321		64,296		21,918		13,621		12,366		15,817		574
Derivative financial liabilities
Derivatives	W	15,316		15,698		4,540		4,621		6,209		328		-
Cash outflow		-		40,562		16,468		10,357		12,389		1,348		-
Cash inflow		-		(24,864)		(11,928)		(5,736)		(6,180)		(1,020)		-
Total	W	18,497,919		19,153,062		6,885,082		2,176,464		6,165,817		3,766,279		159,420

(*) As of March 31, 2026, it includes W290,196 million of payable to credit card companies for utility expenses and others paid using business credit card for purchases.

36

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

ii) As of December 31, 2025

(In millions of won)				Contractual cash flows
		Carrying amount		Total		6 months or less		6-12 months		1-2 years		2-5 years		More than 5 years
Non-derivative financial liabilities
Borrowings	W	12,141,044		12,946,309		2,537,318		1,236,157		4,624,773		4,548,061		-
Bonds		523,094		538,548		198,654		213,751		126,143		-		-
Trade accounts and notes payable(*)		3,307,687		3,307,687		3,307,687		-		-		-		-
Other accounts payable(*)		1,461,014		1,462,662		1,432,529		30,133		-		-		-
Long-term other accounts payable		218,683		248,238		-		-		67,441		180,797		-
Security deposits received		138,384		147,478		480		4,109		142,864		25		-
Lease liabilities		59,678		62,604		23,122		14,889		10,342		14,095		156
Derivative financial liabilities
Derivatives	W	9,553		7,157		3,027		2,416		1,792		(78)		-
Cash outflow		-		325,920		18,751		13,131		292,017		2,021		-
Cash inflow		-		(318,763)		(15,724)		(10,715)		(290,225)		(2,099)		-
Total	W	17,859,137		18,720,683		7,502,817		1,501,455		4,973,355		4,742,900		156

(*) As of December 31, 2025, it includes W704,529 million of payable to credit card companies for utility expenses and others paid using business credit card for purchases.

It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts.

37

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

(ii) Supplier Finance Arrangement

Supplier finance arrangements are characterized by one or more finance providers offering to pay amounts that the Group owes its suppliers and the Group agreeing to pay finance providers according to the terms and conditions of the arrangements at a date later than, when suppliers are paid. These arrangements provide the Group with extended payment terms, or the Group’s suppliers with early payment terms, compared to the related invoice payment due date.

The carrying amounts of financial liabilities from supplier finance arragement as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)		March 31, 2026				December 31, 2025
		Trade accounts and notes payable		Other Accounts Payable		Trade accounts and notes payable		Other Accounts Payable
Liabilities under supplier finance arrangement
Purchase Card (*1)	W	177,843		109,287		474,781		219,697
Electronic Trade Receivable-Secured Loan (*2)		71,414		129,780		53,667		142,872
Liabilities under supplier finance arrangement of which the supplier has received payment from the finance provider
Purchase Card (*1)	W	177,843		109,287		474,781		219,697
Electronic Trade Receivable-Secured Loan (*2)		2,134		17,450		2,138		12,465

(*1) The Group pays the settlement amount to the card company on the end date of credit term according to the card agreement. The Group uses purchase cards in agreement with the supplier, the amount paid to the card company is for the purchase of goods or services incurred in the normal course of business, with no change in the underlying purpose of the transaction, and the payment deadline to the card company falls within the normal business cycle of one year or less, and no collateral is provided in connection with this agreement. Therefore, it is classified as trade accounts and notes payable and other account payable and presented as operating and investing activities in the cash flow statement.

(*2) The Group enters into supplier finance arrangement with financial institutions to streamline the payment process and offer early payment terms to suppliers. Under the supplier finance arrangement, if a vendor that supplied goods or services to the Group transfers its account receivables to the financial institution within the payment due date, the Group pays the amount to the financial institution. There is no change in the original debt recognized as trade accounts and notes payable or other account payable because the supplier finance arrangement does not result in a substantive reduction of the Group’s payment obligation or a change in payment terms.

38

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

The range of payment due dates as of March 31, 2026 and December 31, 2025 are as follows:

		March 31, 2026		December 31, 2025
Liabilities under supplier finance arrangement
Purchase Card		91~108 days		91~205 days
Electronic Trade Receivable-Secured Loan		45~124 days		45~123 days
Trade accounts and notes payable not covered by the supplier finance arrangement		5~124 days		5~123 days

There were no material business combinations or foreign exchange differences that would affect the liabilities under the supplier finance arrangement.

39

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

(d)Capital management

Management’s policy is to maintain a capital base so as to maintain investor, creditor and market confidence and to sustain future development of the business. Liabilities to equity ratio, net borrowings to equity ratio and other financial ratios are used by management to achieve an optimal capital structure. Management also monitors the return on capital as well as the level of dividends to ordinary shareholders. The Group is also responsible for complying with certain financial ratios as part of capital maintenance conditions imposed externally. To fulfill this responsibility, the Group regularly monitors these financial ratios and takes proactive measures when necessary.

(In millions of won)
		March 31, 2026		December 31, 2025
Total liabilities	W	19,522,523		19,077,462
Total equity		7,773,133		7,839,238
Cash and deposits in banks (*1)		1,524,837		1,572,658
Borrowings (including bonds)		13,735,118		12,664,138
Total liabilities to equity ratio		251%		243%
Net borrowings to equity ratio (*2)		157%		141%

(*1) Cash and deposits in banks consist of cash and cash equivalents and current deposits in banks.

(*2) Net borrowings to equity ratio is calculated by dividing total borrowings (including bonds and excluding lease liabilities and others) less cash and current deposits in banks by total equity.

(e)Determination of fair value

(i)Measurement of fair value

A number of the Group’s accounting policies and disclosures require the determination of fair value, for both financial and non-financial assets and liabilities. Fair values have been determined for measurement and/or disclosure purposes based on the following methods. When applicable, further information about the assumptions made in determining fair values is disclosed in the notes specific to that asset or liability.

40

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

(ii) Fair values versus carrying amounts

The fair values of financial assets and liabilities, together with the carrying amounts as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)		March 31, 2026				December 31, 2025
		Carrying amounts		Fair values		Carrying amounts		Fair values
Financial assets carried at amortized cost
Cash and cash equivalents	W	1,523,637		(*1)		1,572,058		(*1)
Deposits in banks		1,211		(*1)		611		(*1)
Trade accounts and notes receivable, net		1,603,131		(*1)		2,136,774		(*1)
Non-trade receivables, net		174,100		(*1)		145,426		(*1)
Accrued income, net		18,627		(*1)		34,987		(*1)
Deposits		12,472		(*1)		14,549		(*1)
Loans		8,033		(*1)		13,318		(*1)
Financial assets at fair value through profit or loss
Equity instruments	W	127,297		127,297		124,316		124,316
Derivatives		277,142		277,142		131,987		131,987
Financial assets at fair value through other comprehensive profit or loss
Trade accounts and notes receivable, net	W	578,551		(*1)		222,410		(*1)
Other financial assets
Lease receivables		3,629		(*1)		7,406		(*1)
Financial liabilities carried at amortized cost
Borrowings	W	13,248,998		13,301,969		12,141,044		12,170,751
Bonds		486,120		486,437		523,094		523,500
Trade accounts and notes payable		2,737,617		(*1)		3,307,687		(*1)
Other accounts payable		1,810,074		(*1)		1,679,697		(*1)
Security deposits received		138,473		(*1)		138,384		(*1)
Financial liabilities at fair value through profit or loss
Derivatives	W	15,316		15,316		9,553		9,553
Other financial liabilities
Lease liabilities	W	61,321		(*2)		59,678		(*2)

(*1) Excluded from disclosures as the carrying amount approximates fair value.

(*2) Excluded from the fair value disclosures in accordance with Korean IFRS 1107 ‘Financial Instruments: Disclosures’.

41

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

(iii) Fair values of financial assets and liabilities

i) Fair value hierarchy

Financial instruments carried at fair value are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques. The different levels have been defined as follows:

▪Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities

▪Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or

liability, either directly or indirectly

▪Level 3: inputs for the asset or liability that are not based on observable market data

The Group measures fair value for financial reporting purposes, including fair value measurements, which are classified as “Level 3”. The Group consults on the fair value assessment process and its results in accordance with the financial reporting schedule, and recognizes changes in the "level" at the end of the reporting period when there is a change in events or circumstances that cause a shift between fair value levels.

42

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

ii) Assets and liabilities measured at fair value

Fair value hierarchy classifications of the financial instruments that are measured at fair value as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)			March 31, 2026						Total
Classification			Level 1		Level 2		Level 3
	Financial assets at fair value through profit or loss
	Equity instruments	W	18,598		-		108,699		127,297
	Derivatives		-		277,142		-		277,142
	Financial liabilities at fair value through profit or loss
	Derivatives	W	-		15,316		-		15,316

(In millions of won)			December 31, 2025						Total
Classification			Level 1		Level 2		Level 3
	Financial assets at fair value through profit or loss
	Equity instruments	W	21,008		-		103,308		124,316
	Derivatives		-		131,987		-		131,987
	Financial liabilities at fair value through profit or loss
	Derivatives	W	-		9,553		-		9,553

43

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

The valuation techniques and inputs for assets and liabilities measured at fair value those are classified as Level 2 and Level 3 within the fair value hierarchy as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)

March 31, 2026

December 31, 2025

Valuation technique

Input

Classification

Level 2

Level 3

Level 2

Level 3

Financial assets at fair value through profit or loss

Equity instruments

W

-

108,699

-

103,308

Net asset value method and Comparable company analysis

Price to book value ratio

Derivatives

277,142

-

131,987

-

Discounted cash flow

Discount rate and Exchange rate

Financial liabilities at fair value through profit or loss

Derivatives

W

15,316

-

9,553

-

Discounted cash flow

Discount rate and Exchange rate

44

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

iii) Financial instruments not measured at fair value but for which the fair value is disclosed

Fair value hierarchy classifications, valuation techniques and inputs for fair value measurements of the financial instruments not measured at fair value but for which the fair value is disclosed as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)

March 31, 2026

Valuation technique

Input

Classification

Level 1

Level 2

Level 3

Liabilities

Borrowings

W

-

-

13,301,969

Discounted cash flow

Discount rate

Bonds

-

-

486,437

Discounted cash flow

Discount rate

(In millions of won)

December 31, 2025

Valuation technique

Input

Classification

Level 1

Level 2

Level 3

Liabilities

Borrowings

W

-

-

12,170,751

Discounted cash flow

Discount rate

Bonds

-

-

523,500

Discounted cash flow

Discount rate

iv) The interest rates applied for determination of the above fair value as of March 31, 2026 and December 31, 2025 are as follows:

		March 31, 2026		December 31, 2025
Borrowings, bonds and others		3.09%~4.13%		3.32%~3.90%

45

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

v) There is no transfer between Level 1, Level 2 and Level 3 for the three-month periods ended March 31, 2026 and 2025, and the changes in financial assets classified as Level 3 of fair value measurements for the three-month periods ended March 31, 2026 and 2025 is as follows:

(In millions of won)

Classification

January 1, 2026

Acquisition

Disposal

Valuation

Changes in Foreign Exchange Rates

March 31, 2026

Equity instruments

W

103,308

1,851

(1,907)

-

5,447

108,699

(In millions of won)
Classification		January 1, 2025		Acquisition		Disposal		Valuation		Changes in Foreign Exchange Rates		March 31, 2025
Equity instruments	W	101,543		727		-		-		(228)		102,042
Convertible securities		1,470		-		-		-		(3)		1,467

46

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Cash Flow Information

(a) Details of cash flows generated from operations for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Loss for the period	W	(575,714)		(237,032)
Adjustments for:	W
Income tax expense		53,503		88,537
Depreciation and amortization (Note 19)		994,284		1,197,852
Gain on foreign currency translation		(155,662)		(100,691)
Loss on foreign currency translation		538,664		93,944
Post-employment benefit (Note 13)		26,028		35,363
Gain on disposal of property, plant and equipment		(11,081)		(8,560)
Loss on disposal of property, plant and equipment		18,576		21,727
Impairment loss on property, plant and equipment		1,378		2,263
Impairment loss on intangible assets		6,604		453
Expense on increase of provisions		15,706		17,088
Finance income		(198,617)		(117,458)
Finance costs		412,288		253,105
Equity in income of equity method accounted investees, net		(1,534)		(133)
Others		(1,989)		(225)
Changes in:	W
Trade accounts and notes receivable		363,807		57,663
Other accounts receivable		(8,150)		68,164
Inventories		(83,683)		(250,434)
Other current assets		(66,586)		(4,638)
Other non-current assets		(10,754)		(10,618)
Trade accounts and notes payable		(802,518)		(83,134)
Other accounts payable		(248,818)		(10,749)
Accrued expenses		(219,225)		(127,136)
Provisions		(28,151)		(26,390)
Advances received		32,473		(8,075)
Proceeds from settlement of derivatives		-		21,474
Other current liabilities		(9,433)		(32,917)
Defined benefit liabilities (assets), net		(3,933)		18,296
Other non-current liabilities		(470)		1,193
Cash generated from operations	W	36,993		858,932

47

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Cash Flow Information, Continued

(b)Changes in liabilities arising from financing activities for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		January 1, 2026				Non-cash transactions
					Cash flows from financing activities		Gain or loss on foreign currency translation		Interest expense		Others			March 31, 2026
Short-term borrowings	W	810,718		955,701		66,597		-		-			1,833,016
Long-term borrowings		11,330,326		(355,103)		438,611		2,148		-			11,415,982
Bonds		523,094		(45,000)		7,850		176		-			486,120
Security deposits received		138,384		-		-		-		89			138,473
Lease liabilities		59,678		(11,538)		1,456		-		11,725			61,321
Total	W	12,862,200		544,060		514,514		2,324		11,814			13,934,912

(In millions of won)
		January 1, 2025				Non-cash transactions
					Cash flows from financing activities		Gain or loss on foreign currency translation		Interest expense		Others			March 31, 2025
Short-term borrowings	W	969,595		333,229		396		-		-			1,303,220
Long-term borrowings		12,442,680		302,921		(1,417)		2,879		1,009			12,748,072
Bonds		1,137,839		(612,000)		(349)		284		-			525,774
Security deposits received		160,713		-		-		-		2,033			162,746
Lease liabilities		57,975		(16,081)		1,758		-		34,648			78,300
Dividend payable		6,390		(6,390)		-		-		-			-
Total	W	14,775,192		1,679		388		3,163		37,690			14,818,112

48

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

26. Related Parties and Others

(a) Related parties

Details of related parties as of March 31, 2026 are as follows:

Classification		Description
Associates (*)		Paju Electric Glass Co., Ltd. and others
Entity that has significant influence over the Parent Company		LG Electronics Inc.
Subsidiaries of the entity that has significant influence over the Parent Company		Subsidiaries of LG Electronics Inc.

(*) Details of associates are described in Note 8.

49

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(b) Details of major transactions with related parties for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)		2026
						Purchase and others
		Sales and others		Dividend income		Purchase of raw material and others		Others (*)
Associates
Paju Electric Glass Co., Ltd.	W	-		3,415		61,146		2,327
Material Science Co., Ltd.		-		-		1,383		468
Entity that has significant influence over the Parent Company
LG Electronics Inc.	W	109,745		-		4,470		69,993
Subsidiaries of the entity that has significant influence over the Parent Company
LG Electronics India Pvt. Ltd.	W	4,395		-		-		10
LG Electronics Vietnam Haiphong Co., Ltd.		70,525		-		-		1,085
LG Electronics Nanjing New Technology Co., Ltd.		36,723		-		-		49
LG Electronics do Brasil Ltda.		1,487		-		-		11
LG Innotek Co., Ltd.		2,001		-		-		27,010
LG Electronics Mlawa Sp. z o.o.		184,720		-		-		154
LG Electronics Reynosa S.A. DE C.V.		186,164		-		-		213
LG Electronics Egypt S.A.E		3,224		-		-		4
LG Electronics Japan, Inc.		-		-		-		1,497
P.T. LG Electronics Indonesia		99,656		-		-		145
HI-M Solutek Co., Ltd		-		-		-		4,274
Others		154		-		-		1,243
Total	W	698,794		3,415		66,999		108,483

(*) Others include the amount of the acquisition of property, plant, and equipment.

50

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(In millions of won)		2025
						Purchase and others
		Sales and others		Dividend income		Purchase of raw material and others		Others (*)
Associates
Paju Electric Glass Co., Ltd.	W	-		1,664		63,764		2,445
Material Science Co., Ltd.		-		-		157		-
Entity that has significant influence over the Parent Company
LG Electronics Inc.	W	75,412		-		3,524		54,993
Subsidiaries of the entity that has significant influence over the Parent Company
LG Electronics India Pvt. Ltd.	W	7,222		-		-		23
LG Electronics Vietnam Haiphong Co., Ltd.		50,377		-		-		295
LG Electronics Nanjing New Technology Co., Ltd.		66,540		-		-		205
LG Electronics do Brasil Ltda.		11,533		-		-		17
LG Innotek Co., Ltd.		2,345		-		7,925		13,731
LG Electronics Mlawa Sp. z o.o.		202,149		-		-		363
LG Electronics Reynosa S.A. DE C.V.		230,244		-		-		583
LG Electronics Egypt S.A.E		3,010		-		-		3
LG Electronics Japan, Inc.		-		-		-		1,519
P.T. LG Electronics Indonesia		134,630		-		-		238
HI-M Solutek Co., Ltd		-		-		-		3,274
Others		100		-		79		1,153
Total	W	783,562		1,664		75,449		78,842

(*) Others include the amount of the acquisition of property, plant, and equipment.

51

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(c) Details of balances of receivables and payables from transactions with related parties as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		Trade accounts and notes receivable and others				Trade accounts and notes payable and others
		March 31, 2026		December 31, 2025		March 31, 2026		December 31, 2025
Associates
Paju Electric Glass Co., Ltd.	W	-		-		45,199		62,277
Material Science Co., Ltd.		-		-		769		385
Entity that has significant influence over the Parent Company
LG Electronics Inc.	W	114,561		95,844		59,926		88,184
Subsidiaries of the entity that has significant influence over the Parent Company
LG Electronics Vietnam Haiphong Co., Ltd.	W	30,874		41,403		10		12
LG Electronics Nanjing New Technology Co., Ltd.		20,988		19,036		10		9
LG Innotek Co., Ltd. (*)		1,200		2,102		175,236		173,625
LG Electronics Mlawa Sp. z o.o.		70,184		101,105		57		11
LG Electronics Reynosa S.A. DE C.V.		68,573		87,555		36		-
P.T. LG Electronics Indonesia		20,917		23,766		4		36
LG Innotek USA, Inc.	W	2,727		2,688		-		-
Others		6,536		4,937		5,971		3,966
Total	W	336,560		378,436		287,218		328,505

(*) Trade accounts and note payable and others for LG Innotek Co., Ltd. includes deposits received from lease agreement of W139,500 million as of March 31, 2026 and December 31, 2025.

52

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(d) There were no significant financial transactions with related parties and others for the three-month periods ended March 31, 2026 and 2025.

53

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(e) Large Enterprise Group Transactions

According to the 'Related Party Disclosures' under the Korean IFRS 1024, although not included in the scope of related parties, the major transaction details with the Large Enterprise Group subsidiaries and their affiliates, as well as the amounts of receivables and payables for the three-month periods ended March 31, 2026 and 2025, and as of March 31, 2026 and December 31, 2025, in accordance with the Monopoly Regulation and Fair Trade Act, are as follows:

(In millions of won)
		For the three-month period ended March 31, 2026				March 31, 2026
		Sales and others		Purchase and others		Trade accounts and notes receivable and others		Trade accounts and notes payable and others
LG Uplus Corp.	W	-		558		-		148
LG Chem Ltd. and its subsidiaries		100		86,006		161		90,503
D&O Corp. and its subsidiaries		65		3,241		173		1,668
LG Corp. (*)		-		12,472		7,096		-
LG Management Development Institute		-		12,548		3		620
LG CNS Co., Ltd. and its subsidiaries		41		49,600		9		46,878
LG Household & Health Care Ltd. and its subsidiaries		-		12		-		-
HSAD Inc. and its subsidiaries		-		301		-		299
Robostar Co., Ltd.		-		884		-		947
Total	W	206		165,622		7,442		141,063

(*) According to the lease agreement signed with LG Corp., the recognized lease liabilities as of March 31, 2026 are W3,472 million, and the lease liabilities are not included in the amount of 'Trade accounts and notes payable and others' above. The amount of lease repayment for the three-month period ended March 31, 2026 is W1,178 million.

54

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(In millions of won)
		For the three-month period ended March 31, 2025				December 31, 2025
		Sales and others		Purchase and others		Trade accounts and notes receivable and others		Trade accounts and notes payable and others
LG Uplus Corp.	W	-		591		-		163
LG Chem Ltd. and its subsidiaries		103		92,972		59		55,879
D&O Corp. and its subsidiaries		-		-		-		4,996
LG Corp. (*)		-		14,009		6,911		12
LG Management Development Institute		-		9,679		3		386
LG CNS Co., Ltd. and its subsidiaries		33		52,907		4		107,292
LG Household & Health Care Ltd. and its subsidiaries		-		38		-		-
HSAD Inc. and its subsidiaries		-		525		-		127
Robostar Co., Ltd.		-		68		-		59
Total	W	136		170,789		6,977		168,914

(*) According to the lease agreement signed with LG Corp., the recognized lease liabilities as of December 31, 2025 are W4,607 million, and the lease liabilities are not included in the amount of 'Trade accounts and notes payable and others' above. The amount of lease repayment for the three-month period ended March 31, 2025 is W1,727 million.

55

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(f) Key management personnel compensation

Details of compensation costs of key management for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Short-term benefits	W	1,550		600
Post-employment benefit		97		93
Total	W	1,647		693

Key management refers to the registered directors who have significant control and responsibilities over the Parent Company’s operations and business.

(g) At the end of the reporting period, the Group did not set an allowance for doubtful accounts on the balance of receivables for related parties.

56

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

27. Assets and Liabilities Held for Sale (Disposal Group)

The management of the Group decided to transfer the Auto Display LCD module business of its subsidiary, LG Display Nanjing Co., Ltd., in order to enhance its business structure and strengthen its profitability, and entered into a business transfer agreement on February 9, 2026. The sale is expected to be completed within one year from the date of the agreement. Accordingly, for the period ended March 31, 2026, the assets and liabilities related to the Auto Display LCD module business of LG Display Nanjing Co., Ltd. have been classified as assets and liabilities held for sale.

57

LG DISPLAY CO., LTD.

Condensed Separate Interim Financial Statements

(Unaudited)

March 31, 2026 and 2025

(With Report on Review of Condensed Interim Financial Statements)

Contents

		Page
Report on Review of Condensed Interim Financial Statements		1
Separate Interim Statements of Financial Position		3
Separate Interim Statements of Comprehensive Income (Loss)		4
Separate Interim Statements of Changes in Equity		5
Separate Interim Statements of Cash Flows		6
Notes to the Condensed Separate Interim Financial Statements		7

Report on Review of Condensed Interim Financial Statements

(English Translation of a Report Originally Issued in Korean)

To the Shareholders and Board of Directors of

LG Display Co., Ltd.

Reviewed Financial Statements

We have reviewed the accompanying condensed interim financial statements of LG Display Co., Ltd. (referred to as the “Company”). These condensed interim financial statements consist of the interim statement of financial position of the Company as at March 31, 2026, and the related interim statements of comprehensive income, changes in equity and cash flows for the three-month periods ended March 31, 2026 and 2025, and material accounting policy information and other selected explanatory notes, expressed in Korean won.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and presentation of these condensed interim financial statements in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (Korean IFRS) 1034 Interim Financial Reporting, and for such internal control as management determines is necessary to enable the preparation of condensed interim financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express a conclusion on these condensed interim financial statements based on our review.

We conducted our review in accordance with quarterly or semi-annual review standards established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe the accompanying condensed interim financial statements are not prepared, in all material respects, in accordance with Korean IFRS 1034 Interim Financial Reporting.

Other Matters

We have audited the statement of financial position of the Company as at December 31, 2025, and the related statements of comprehensive income, changes in equity and cash flows for the year then ended, not presented herein, in accordance with Korean Standards on Auditing. We expressed an unqualified opinion on those financial statements in our audit report dated February 27, 2026. The statement of financial position as at December 31, 2025, presented herein for comparative purposes, is consistent, in all material respects, with the above audited statement of financial position as at December 31, 2025.

Review standards and their application in practice vary among countries. The procedures and practices used in the Republic of Korea to review such financial statements may differ from those generally accepted and applied in other countries.

May 13, 2026

Seoul, Korea

This report is effective as of May 13, 2026, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying condensed interim financial statements and notes thereto. Accordingly, the readers of the review report should understand that there is a possibility that the above review report may have to be revised to reflect the impact of such subsequent events or circumstances, if any.

2

LG DISPLAY CO., LTD.
Separate Interim Statements of Financial Position
As of March 31, 2026 and December 31, 2025
(In millions of won)		Note		March 31, 2026 (Unaudited)		December 31, 2025
Assets
Cash and cash equivalents		4, 23	W	439,935		248,729
Trade accounts and notes receivable, net		5, 15, 23, 25		2,532,002		3,140,538
Other accounts receivable, net		5, 23		157,955		169,179
Other current financial assets		6, 23		135,974		77,249
Inventories, net		7		1,971,434		1,793,510
Prepaid income tax				1,696		1,585
Other current assets				161,878		86,341
Total current assets				5,400,874		5,517,131
Deposits in banks		4, 23		11		11
Investments, net		8		3,810,413		3,810,085
Other non-current accounts receivable, net		5, 23		4,379		5,029
Other non-current financial assets		6, 23		171,935		93,508
Property, plant and equipment, net		9		9,984,431		10,298,784
Intangible assets, net		10		1,721,480		1,427,602
Investment property		11		17,860		18,031
Deferred tax assets, net				3,378,702		3,422,353
Defined benefits assets, net		13		169,831		198,288
Other non-current assets				30,743		20,300
Total non-current assets				19,289,785		19,293,991
Total assets			W	24,690,659		24,811,122
Liabilities
Trade accounts and notes payable		23, 25	W	9,382,774		9,711,618
Current financial liabilities		12, 23, 24, 25		4,691,528		3,870,697
Other accounts payable		23		980,063		1,151,778
Accrued expenses				411,552		589,096
Provisions		14		81,641		85,559
Advances received				64,121		29,058
Other current liabilities				67,133		68,662
Total current liabilities				15,678,812		15,506,468
Non-current financial liabilities		12, 23, 24		5,084,783		4,992,576
Non-current provisions		14		46,860		55,345
Other non-current liabilities		23, 25		757,910		485,028
Total non-current liabilities				5,889,553		5,532,949
Total liabilities				21,568,365		21,039,417
Equity
Share capital		16	W	2,500,000		2,500,000
Capital surplus		16		2,821,006		2,821,006
Accumulated deficit				(2,198,712)		(1,549,301)
Total equity				3,122,294		3,771,705
Total liabilities and equity			W	24,690,659		24,811,122
See accompanying notes to the condensed separate interim financial statements.

3

LG DISPLAY CO., LTD.
Separate Interim Statements of Comprehensive Income (Loss)
For the three-month periods ended March 31, 2026 and 2025
(In millions of won, except loss per share amounts)
		Note		2026 (Unaudited)		2025 (Unaudited)
Revenue		17, 25	W	5,228,527		5,620,066
Cost of sales		7, 18, 25		(4,822,803)		(5,373,959)
Gross profit				405,724		246,107
Selling expenses		18, 19		(48,607)		(56,995)
Administrative expenses		18, 19		(127,907)		(130,175)
Research and development expenses		18		(330,262)		(347,894)
Operating loss				(101,052)		(288,957)
Finance income		21		205,869		232,034
Finance costs		21		(391,481)		(253,157)
Other non-operating income		20		376,549		237,940
Other non-operating expenses		20		(690,870)		(258,249)
Loss before income tax				(600,985)		(330,389)
Income tax expense				(44,529)		(34,204)
Loss for the period				(645,514)		(364,593)
Other comprehensive income (loss)
Items that will not be reclassified to profit or loss
Remeasurements of net defined benefit liabilities				(3,897)		126
Other comprehensive income (loss) for the period, net of income tax				(3,897)		126
Total comprehensive loss for the period			W	(649,411)		(364,467)
Loss per share (in won)
Basic loss per share		22	W	(1,291)		(729)
Diluted loss per share		22	W	(1,291)		(729)
See accompanying notes to the condensed separate interim financial statements.

4

LG DISPLAY CO., LTD.
Separate Interim Statements of Changes in Equity
For the three-month periods ended March 31, 2026 and 2025
		Share capital		Capital surplus		Accumulated deficit		Other capital		Total equity
(In millions of won)
Balances at January 1, 2025	W	2,500,000		2,821,006		(1,525,208)		-		3,795,798
Total comprehensive loss for the period
Loss for the period		-		-		(364,593)		-		(364,593)
Other comprehensive income (loss)
Remeasurements of net defined benefit liabilities		-		-		126		-		126
Total comprehensive loss for the period	W	-		-		(364,467)		-		(364,467)
Balances at March 31, 2025 (Unaudited)	W	2,500,000		2,821,006		(1,889,675)		-		3,431,331
Balances at January 1, 2026	W	2,500,000		2,821,006		(1,549,301)		-		3,771,705
Total comprehensive loss for the period
Loss for the period		-		-		(645,514)		-		(645,514)
Other comprehensive income (loss)
Remeasurements of net defined benefit liabilities		-		-		(3,897)		-		(3,897)
Total comprehensive loss for the period	W	-		-		(649,411)		-		(649,411)
Balances at March 31, 2026 (Unaudited)	W	2,500,000		2,821,006		(2,198,712)		-		3,122,294
See accompanying notes to the condensed separate interim financial statements.

5

LG DISPLAY CO., LTD.
Separate Interim Statements of Cash Flows
For the three-month periods ended March 31, 2026 and 2025
(In millions of won)						Note		2026 (Unaudited)		2025 (Unaudited)
Cash flows from (used in) operating activities:
Cash generated from (used in) operations						24	W	(30,544)		776,958
Income taxes paid								(507)		(5,817)
Interest received								2,342		6,732
Interest paid								(110,688)		(135,094)
Cash flows from (used in) operating activities								(139,397)		642,779
Cash flows from (used in) investing activities:
Dividends received								3,415		102,134
Acquisition of financial assets at fair value through profit or loss								(1,851)		-
Proceeds from disposal of financial assets at fair value through profit or loss								2,089		34
Acquisition of investments								(328)		(52,728)
Proceeds from disposal of investments								-		17,200
Acquisition of property, plant and equipment								(216,872)		(266,629)
Proceeds from disposal of property, plant and equipment								5,279		65,332
Acquisition of intangible assets								(158,560)		(180,801)
Proceeds from settlement of derivatives								37,172		65,509
Decrease in short-term loans								4,345		5,929
Increase in deposits								(36)		-
Decrease in deposits								1,831		1,797
Cash flows used in investing activities								(323,516)		(242,223)
Cash flows from (used in) financing activities:						24
Proceeds from short-term borrowings								3,039,574		2,508,249
Repayments of short-term borrowings								(2,439,891)		(2,483,785)
Repayments of current portion of bonds								(45,000)		(612,000)
Proceeds from long-term borrowings								815,000		723,325
Repayments of current portion of long-term borrowings								(714,828)		(638,413)
Payment guarantee fee received								1,344		1,832
Payments of lease liabilities								(2,080)		(2,907)
Cash flows from (used in) financing activities								654,119		(503,699)
Net increase (decrease) in cash and cash equivalents								191,206		(103,143)
Cash and cash equivalents at January 1								248,729		238,477
Cash and cash equivalents at March 31							W	439,935		135,334
See accompanying notes to the condensed separate interim financial statements.

6

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

1. Organization and Description of Business

LG Display Co., Ltd. (the "Company") was incorporated in February 1985 and the Company has been a public corporation listed on the Korea Exchange since 2004. The main business of the Company is to manufacture and sell displays and its related products. As of March 31, 2026, the Company operates Thin Film Transistor Liquid Crystal Display (“TFT-LCD”) and Organic Light Emitting Diode (“OLED”) panel manufacturing plants in Gumi, Paju and China and TFT-LCD and OLED module manufacturing plants in Gumi, Paju, China and Vietnam. The Company is domiciled in the Republic of Korea with its address at 128 Yeoui-daero, Yeongdeungpo-gu, Seoul. As of March 31, 2026, LG Electronics Inc., a major shareholder of the Company, owns 36.72% (183,593,206 shares) of the Company’s common stock.

As of March 31, 2026, 500,000,000 shares of the Company's common stock are listed on the Korea Exchange under the identifying code 034220, and 40,481,566 American Depositary Shares ("ADSs"; 2 ADSs represent one share of common stock) are listed on the New York Stock Exchange under the symbol "LPL".

2. Basis of Preparation

(a) Application of accounting standards

The Company's condensed separate interim financial statements have been prepared in accordance with International Financial Reporting Standard as adopted by the Republic of Korea (Korean IFRS) 1034 Interim Financial Reporting. These condensed separate interim financial statements do not include all of the information required for full annual financial statements and should be read in conjunction with the separate financial statements of the Company as of and for the year ended December 31, 2025.

(b) Basis of Measurement

The condensed separate interim financial statements have been prepared on the historical cost basis except for the following material items in the separate statement of financial position:

▪derivative financial instruments at fair value, financial assets at fair value through profit or loss (“FVTPL”), financial assets at fair value through other comprehensive income (“FVOCI”), financial liabilities at fair value through profit or loss (“FVTPL”), and

▪net defined benefit liabilities (defined benefit assets) recognized at the present value of defined benefit obligations less the fair value of plan assets.

(c) Functional and Presentation Currency

Items included in the financial statements are measured using the currency of the primary economic environment in which each entity operates (the “functional currency"). The separate financial statements are presented in Korean won, which is the Company’s functional currency.

(d) Estimates and Judgments

The preparation of the condensed separate interim financial statements in conformity with Korean IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. The actual results may differ from the estimates at the end of the interim reporting period which are based on management’s best estimate, as the underlying assumptions may vary from actual outcomes.

7

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

2. Basis of Preparation, Continued

(e) Accounting standards and Interpretation issued and adopted by the Company

The Company has applied the following standards and amendments for the first time for their annual reporting period commencing January 1, 2026.

(i)Amendments to Korean IFRS 1109 Financial Instruments, Korean IFRS 1107 Financial Instruments: Disclosures

Korean IFRS 1109 Financial Instruments and Korean IFRS 1107 Financial Instruments: Disclosures have been amended to respond to recent questions arising in practice, and to include new requirements.

-clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system;

-clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion;

-add new disclosures of impact on the entity and the extent to which the entity is exposed for each type of financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and

-update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI).

(ii)Annual Improvements to Korean IFRS - Volume 11

Annual Improvements to Korean IFRS - Volume 11 should be applied for annual periods beginning on or after January 1, 2026.

-Korean IFRS 1101 First-time Adoption of International Financial Reporting Standards: Hedge accounting by a first-time adopter

-Korean IFRS 1107 Financial Instruments: Disclosures: Gain or loss on derecognition and implementation guidance

-Korean IFRS 1109 Financial Instruments: Derecognition of lease liabilities and definition of transaction price

-Korean IFRS 1110 Consolidated Financial Statements: Determination of a ‘de facto agent’

-Korean IFRS 1007 Statement of Cash Flows: Cost method

(iii)Amendments to Korean IFRS 1109 Financial Instruments and Korean IFRS 1107 Financial Instruments: Disclosures - Contracts Referencing Nature-dependent Electricity

Contracts referencing nature-dependent electricity are defined contracts that expose an entity to variability in the underlying amount of electricity because the source of electricity generation depends on uncontrollable natural conditions (for example, the weather). The amendments clarify that ‘contracts to buy or sell such electricity’ are assessed for eligibility under the own-use exemption. In addition, the amendments modify hedge accounting requirements by allowing an entity to designate as the hedged item a variable nominal amount of forecast electricity transactions that reflect the nature-dependent variability of electricity and introduce additional disclosure requirements.

8

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

2. Basis of Preparation, Continued

(f) Accounting standards and Interpretation issued but not yet adopted by the Company

The Accounting standards and Interpretation issued that have been enacted or amended but have not been applied because the effective date has not arrived are as follows:

(i)Korean IFRS 1118 Presentation and Disclosure in Financial Statements

Korean IFRS 1118 Presentation and Disclosure in Financial Statements replaces Korean IFRS 1001 Presentation of Financial Statements. Korean IFRS 1118 is expected to increase comparability of the financial performance of similar entities by providing users with more useful information for analyzing and comparing the entity's performance based on the income statement.

Korean IFRS 1118 should be first applied for annual periods beginning on or after January 1, 2027, and earlier application is permitted. In accordance with Korean IFRS 1008 Accounting Policies, Changes in Accounting Estimates and Errors, the comparative information for the year ended December 31, 2026, shall be restated under Korean IFRS 1118 as the Company is required to apply the standard retrospectively.

Management is in review for the impact of applying the new standard on separate financial statements. Adoption of the standard is not expected to have an impact on the Company's net profit or loss; however, it will require income and expenses in the income statements to be classified into new categories, which is expected to have an impact on the calculation and presentation of operating profit (loss).

(g) Income Tax Expense

The Company is within the scope of the Pillar Two model rules, and applied the exception to recognizing and disclosing information about deferred tax.

9

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

3. Accounting Policies

The accounting policies followed by the Company in the preparation of its condensed separate interim financial statements are the same as those followed by the Company in its preparation of the separate financial statements as of and for the year ended December 31, 2025, except for the application of Korean IFRS 1034 Interim Financial Reporting.

4. Cash and Cash Equivalents and Deposits in Banks

Details of cash and cash equivalents and deposits in banks as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Current assets
Cash and cash equivalents
Deposits	W	439,935		248,729
Non-current assets
Deposits in banks
Deposit for checking account	W	11		11

10

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

5. Trade Accounts and Notes Receivable, and Other Accounts Receivable

(a) Details of trade accounts and notes receivable and other accounts receivable as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Trade accounts and notes receivable, net	W	2,532,002		3,140,538
Other accounts receivable
Non-trade receivables, net		144,740		140,191
Accrued income, net		17,594		34,017
Subtotal		162,334		174,208
Total	W	2,694,336		3,314,746

(b) The aging of trade accounts and notes receivable and other accounts receivable as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)		March 31, 2026
		Original Amount				Allowance for doubtful account
		Trade accounts and notes receivable		Other accounts receivable		Trade accounts and notes receivable		Other accounts receivable
Not past due	W	2,521,024		71,156		(8)		(259)
1-15 days past due		6,095		6,994		-		(3)
16-30 days past due		3,286		36,352		-		(7)
31-60 days past due		1,589		8,307		-		-
More than 60 days past due		16		40,129		-		(335)
Total	W	2,532,010		162,938		(8)		(604)

(In millions of won)		December 31, 2025
		Original Amount				Allowance for doubtful account
		Trade accounts and notes receivable		Other accounts receivable		Trade accounts and notes receivable		Other accounts receivable
Not past due	W	3,133,952		122,169		(180)		(428)
1-15 days past due		146		1,313		-		(1)
16-30 days past due		5,550		10,228		-		(1)
31-60 days past due		1,065		10,773		-		(3)
More than 60 days past due		5		30,434		-		(276)
Total	W	3,140,718		174,917		(180)		(709)

The movement in the allowance for doubtful account in respect of trade accounts and notes receivable and other accounts receivable for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)		2026				2025
		Trade accounts and notes receivable		Other accounts receivable		Trade accounts and notes receivable		Other accounts receivable
At January 1	W	180		709		362		297
(Reversal of) bad debt expense		(172)		(105)		(138)		140
At March 31	W	8		604		224		437

11

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

6. Other Financial Assets

Details of other financial assets as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Current assets
Financial assets at fair value through profit or loss
Derivatives (*)	W	129,663		62,740
Financial assets carried at amortized cost
Deposits	W	3,965		6,515
Short-term loans		2,346		7,994
Subtotal	W	6,311		14,509
Total	W	135,974		77,249
Non-current assets
Financial assets at fair value through profit or loss
Equity instruments	W	23,057		23,616
Derivatives (*)		147,479		69,247
Subtotal	W	170,536		92,863
Financial assets carried at amortized cost
Deposits	W	1,399		645
Total	W	171,935		93,508

(*) The derivatives, which are not designated as hedging instruments, arise from cross-currency interest rate swap contracts and interest rate swap contracts for the purpose of managing risks associated with borrowings and bonds.

12

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

7. Inventories

Details of inventories as of March 31, 2026 and December 31, 2025 are as follows:

(i) As of March 31, 2026

(In millions of won)
		Cost		Valuation allowance		Carrying amount
Finished goods	W	240,472		(21,031)		219,441
Work-in-process		1,325,758		(177,570)		1,148,188
Raw materials		514,387		(24,786)		489,601
Supplies		130,590		(16,386)		114,204
Total	W	2,211,207		(239,773)		1,971,434

(ii) As of December 31, 2025

(In millions of won)
		Cost		Valuation allowance		Carrying amount
Finished goods	W	311,536		(48,263)		263,273
Work-in-process		1,133,627		(154,426)		979,201
Raw materials		466,252		(24,097)		442,155
Supplies		126,920		(18,039)		108,881
Total	W	2,038,335		(244,825)		1,793,510

For the three-month periods ended March 31, 2026 and 2025, the amounts of inventories recognized as expense and reversal of loss on valuation of inventories are as follows:

(In millions of won)
		2026		2025
Cost of sales	W	4,822,803		5,373,959
Inventories recognized as expense		4,827,855		5,390,487
Reversal of write-downs of inventories deducted from cost of sales		(5,052)		(16,528)

13

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

8. Investments

(a)Details of investments in subsidiaries as of March 31, 2026 and December 31, 2025, are as follows:

(In millions of won)						March 31, 2026				December 31, 2025
Subsidiaries		Location		Business		Percentage of ownership		Carrying amount		Percentage of ownership		Carrying amount
LG Display America, Inc.		San Jose, U.S.A.		Sales of display products		100%	W	36,815		100%	W	36,815
LG Display Germany GmbH		Eschborn, Germany		Sales of display products		100%		19,373		100%		19,373
LG Display Japan Co., Ltd.		Tokyo, Japan		Sales of display products		100%		15,686		100%		15,686
LG Display Taiwan Co., Ltd.		Taipei, Taiwan		Sales of display products		100%		35,230		100%		35,230
LG Display Nanjing Co., Ltd.		Nanjing, China		Production of display products		100%		593,726		100%		593,726
LG Display Shanghai Co., Ltd.		Shanghai, China		Sales of display products		100%		9,093		100%		9,093
LG Display Shenzhen Co., Ltd.		Shenzhen, China		Sales of display products		100%		3,467		100%		3,467
LG Display Singapore Pte. Ltd.		Singapore		Sales of display products		100%		1,250		100%		1,250
L&T Display Technology (Fujian) Limited		Fujian, China		Production and sales of LCD module and LCD monitor sets		51%		10,123		51%		10,123
LG Display Yantai Co., Ltd.		Yantai, China		Production of display products		100%		169,195		100%		169,195
Nanumnuri Co., Ltd.		Gumi, South Korea		Operation of welfare facilities		100%		800		100%		800
Unified Innovative Technology, LLC		Wilmington, U.S.A.		Intellectual property management		100%		1,424		100%		1,424
LG Display Guangzhou Trading Co., Ltd.		Guangzhou, China		Sales of display products		100%		218		100%		218
Global OLED Technology, LLC		Sterling, U.S.A.		OLED intellectual property management		100%		133,838		100%		133,838
LG Display Vietnam Haiphong Co., Ltd.		Haiphong, Vietnam		Production and sales of display products		100%		672,658		100%		672,658
Suzhou Lehui Display Co., Ltd.		Suzhou, China		Production and sales of LCD module and LCD monitor sets		100%		121,640		100%		121,640
LG DISPLAY FUND I LLC (*)		Wilmington, U.S.A.		Investment in venture business and technologies		100%		96,387		100%		96,059
LG Display High-Tech (China) Co., Ltd.		Guangzhou, China		Production and sales of display products		70%		1,846,177		70%		1,846,177
Total							W	3,767,100			W	3,766,772

(*) For the three-month period ended March 31, 2026, the Company contributed W328 million in cash for the capital increase of LG DISPLAY FUND I LLC. There was no change in the Company’s percentage of ownership in LG DISPLAY FUND I LLC as a result of this additional investment.

14

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

8. Investments, Continued

(b)Details of investments in associates as of March 31, 2026 and December 31, 2025, are as follows:

(In millions of won)
						March 31, 2026				December 31, 2025
Associates		Location		Business		Percentage of ownership		Carrying amount		Percentage of ownership		Carrying amount
Paju Electric Glass Co., Ltd.		Paju, South Korea		Production of glass for display		40%	W	39,313		40%	W	39,313
Arctic Sentinel, Inc.		Los Angeles, U.S.A.		Development and production of tablet for kids		10%		-		10%		-
Cynora GmbH		Bruchsal, Germany		Development of organic light emitting materials for displays and lighting devices		10%		-		10%		-
Material Science Co., Ltd.		Hwaseong, South Korea		Development, production and sales of materials for display		9%		4,000		9%		4,000
Total							W	43,313			W	43,313

Although the Company’s respective share interests in Arctic Sentinel, Inc., Cynora GmbH and Material Science Co., Ltd. are below 20%, the Company is able to exercise significant influence through its right to appoint one or more directors to the board of directors of each investee. Accordingly, the investments in these investees have been classified as investments in associates.

Dividend income recognized from subsidiaries and associates for the three-month periods ended March 31, 2026 and 2025 amounted to W3,415 million and W95,053 million, respectively.

15

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

9. Property, Plant and Equipment

(a) Changes in property, plant and equipment for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)		2026		2025
Book value as of January 1	W	10,298,784		11,913,336
Acquisitions		203,105		158,114
Depreciation		(501,691)		(510,095)
Disposals		(14,894)		(77,286)
Impairment loss (*)		(873)		(647)
Book value as of March 31	W	9,984,431		11,483,422

(*) If there are indications of impairment, impairment losses are recognized for the difference between the carrying amount and the recoverable amount of property, plant and equipment.

(b) For the three-month period ended March 31, 2026, the capitalized borrowing costs amounted to W3,274 million (For the three-month period ended March 31, 2025: W1,828 million), and capitalization rate is 4.54% (For the three-month period ended March 31, 2025: 4.96%).

10. Intangible Assets

Changes in intangible assets for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)		2026		2025
Book value as of January 1	W	1,427,602		1,485,789
Acquisitions		380,755		30,543
Acquisitions by Internal Development		96,807		131,850
Amortization		(177,080)		(194,186)
Impairment loss (*)		(6,604)		(453)
Book value as of March 31	W	1,721,480		1,453,543

(*) If there are indications of impairment, impairment losses are recognized for the difference between the carrying amount and the recoverable amount of intangible assets.

11. Investment Property

(a) Changes in investment property for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)		2026		2025
Book value as of January 1	W	18,031		27,911
Depreciation		(171)		(1,272)
Others		-		10
Book value as of March 31	W	17,860		26,649

(b) For the three-month period ended March 31, 2026, rental revenue from investment property is W1,572 million (For the three-month period ended March 31, 2025: W2,535 million) and rental cost is W251 million (For the three-month period ended March 31, 2025: W1,345 million).

16

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

12. Financial Liabilities

(a)Details of financial liabilities as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)		March 31, 2026		December 31, 2025
Current
Short-term borrowings	W	2,922,663		2,195,397
Current portion of long-term borrowings		1,269,131		1,261,745
Current portion of bonds		486,120		398,223
Current portion of payment guarantee liabilities		4,300		4,418
Derivatives (*)		2,643		4,066
Lease liabilities		6,671		6,848
Total	W	4,691,528		3,870,697
Non-current
Long-term borrowings	W	5,063,426		4,853,970
Bonds		-		124,871
Non-current payment guarantee liabilities		4,379		5,029
Derivatives (*)		12,673		5,487
Lease liabilities		4,305		3,219
Total	W	5,084,783		4,992,576

(*) The derivatives, which are not designated as hedging instruments, arise from cross‑currency interest rate swap contracts and interest rate swap contracts for the purpose of managing risks associated with borrowings and bonds.

(b)Details of short-term borrowings as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
Lender		Description		Annual interest rate as of March 31, 2026 (%)		March 31, 2026		December 31, 2025
LG Display Singapore Pte. Ltd.		Working Capital		3.69	W	1,816,080		1,721,880
Standard Chartered Bank Korea Limited and others		Working Capital and others		2.37~4.75		1,106,583		473,517
Total					W	2,922,663		2,195,397

17

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

12. Financial Liabilities, Continued

(c)Details of Korean won denominated long-term borrowings as of March 31, 2026 and December 31, 2025 are as follows :

(In millions of won)
Lender		Description		Latest maturity date		Annual interest rate as of March 31, 2026 (%)		March 31, 2026		December 31, 2025
Korea Development Bank and others		Facility capital and others		April 2026~ March 2036		3.46~5.65	W	4,138,323		4,000,423
Less: current portion								(943,750)		(1,190,000)
Total							W	3,194,573		2,810,423

(d)Details of foreign currency denominated long-term borrowings as of March 31, 2026 and December 31, 2025 are as follows :

(In millions of won and USD and CNY)
Lender		Description		Latest maturity date		Annual interest rate as of March 31, 2026 (%)		March 31, 2026		December 31, 2025
KEB Hana Bank and others		Facility capital and others		September 2026~ March 2029		2.40~6.27	W	2,194,234		2,115,292
Foreign currency equivalent of foreign currency borrowings								USD 1,395		USD 1,420
								CNY 380		CNY 380
Less: current portion								(325,381)		(71,745)
Total							W	1,868,853		2,043,547

18

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

12. Financial Liabilities, Continued

(e)Details of bonds issued and outstanding as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won and USD)
		Maturity		Annual interest rate as of March 31, 2026 (%)		March 31, 2026		December 31, 2025
Korean won denominated bonds at amortized cost (*1)
Publicly issued bonds		September 2026~ February 2027		2.79~3.66	W	335,000		335,000
Privately issued bonds				-		-		45,000
Less: discount on bonds						(182)		(257)
Less: current portion						(334,818)		(254,872)
Subtotal					W	-		124,871
Foreign currency denominated bonds at amortized cost (*2)
Privately issued bonds		April 2026		5.57	W	151,340		143,490
Foreign currency equivalent of foreign currency denominated bonds						USD 100		USD 100
Less: discount on bonds					W	(38)		(139)
Less: foreign currency equivalent of discount on bonds of foreign currency denominated bonds						USD (0)		USD (0)
Less: current portion					W	(151,302)		(143,351)
Subtotal					W	-		-
Total					W	-		124,871

(*1) Principal of the Korean won denominated bonds is to be repaid at maturity and interest is paid quarterly.

(*2) Principal of the foreign currency denominated bonds is to be repaid at maturity and interest is paid quarterly.

19

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

13. Post-employment Benefits

(a) Defined benefit plans

The Company’s defined benefit plans provide a lump-sum payment to an employee based on final salary rates and

length of service at the time the employee leaves the Company.

i) Details of net defined benefit liabilities (defined benefit assets) recognized as of March 31, 2026 and December
31, 2025 are as follows:

(In millions of won)		March 31, 2026		December 31, 2025
Present value of defined benefit obligations	W				1,243,411		1,266,838
Fair value of plan assets		(1,413,242)		(1,465,126)
Total	W	(169,831)		(198,288)

ii) Details of plan assets as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Time deposits in banks	W	1,413,242		1,465,126

As of March 31, 2026, the Company maintains the plan assets primarily with Shinhan Bank, KEB Hana Bank and others.

iii) Details of expenses related to defined benefit plans recognized in profit or loss for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Current service cost	W	29,931		36,367
Net interest cost		(2,340)		(1,561)
Total(*)	W	27,591		34,806

(*) The total cost related to the defined benefit plans includes capitalized amounts of W2,149 million (for the three-month period ended March 31, 2025: W2,605 million).

20

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

13. Post-Employment Benefits, Continued

(b) Defined contribution plans

The amount recognized as an expense in relation to the defined contribution plans for the three-month period ended

March 31, 2026 is W9,990 million (for the three-month period ended March 31, 2025: W6,754 million).

14. Provisions

Changes in provisions for the three-month periods ended March 31, 2026 and 2025 are as follows:

(i) 2026

(In millions of won)
		Litigation		Warranties (*)		Others		Total
At January 1, 2026	W	1,546		135,578		3,780		140,904
Additions		3,836		2,796		5,063		11,695
Usage		-		(18,290)		(5,808)		(24,098)
At March 31, 2026	W	5,382		120,084		3,035		128,501
Current	W	5,382		73,224		3,035		81,641
Non-current	W	-		46,860		-		46,860

(*) The Company provides warranty on defective products for warranty periods after sales. The provision is calculated based on the assumption of expected number of warranty claims and costs per claim considering historical experience.

(ii) 2025

(In millions of won)
		Litigation		Warranties (*)		Others		Total
At January 1, 2025	W	7,479		151,394		5,997		164,870
Additions (reversal)		58		10,908		(1,049)		9,917
Usage		(5,450)		(19,133)		-		(24,583)
At March 31, 2025	W	2,087		143,169		4,948		150,204
Current	W	2,087		86,530		4,948		93,565
Non-current	W	-		56,639		-		56,639

(*) The Company provides warranty on defective products for warranty periods after sales. The provision is calculated based on the assumption of expected number of warranty claims and costs per claim considering historical experience.

21

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

15. Contingent Liabilities and Commitments

(a) Legal Proceedings

Litigation alleging violations of antitrust and competition laws

The Company and other LCD panel manufacturers have been sued by individual companies for alleged violations of European Union competition laws. The Company is actively defending itself in these ongoing legal proceedings, and as of March 31, 2026, the Company cannot predict the ultimate outcome of the litigation.

Others

The Company is involved in various lawsuits and disputes in addition to the pending proceeding described above. The Company cannot reliably estimate the timing and amount of outflows of resources embodying economic benefits relating to the disputes.

(b) Commitments

Factoring and transfer of trade receivables

The Company has entered into discount agreements with Nonghyup Bank and other banks for accounts receivable related to export sales transactions with its subsidiaries, with a credit limit of up to USD 1,100 million (Equivalent to W1,664,740 million). As of March 31, 2026, the amount of the discounted trade receivables that remain outstanding until maturity under the agreement is USD 335 million (Equivalent to W506,472 million). In relation to the above agreements, the financial institutions retain the right of recourse against the Company for any discounted receivables that are not collected at maturity.

The Company has entered into receivable transfer agreements with MUFG Bank and other financial institutions in respect of trade receivables arising from domestic and export sales transactions, with an aggregate limit of W537,257 million. As of March 31, 2026, the amount of transferred trade receivables that remain outstanding until maturity under the agreement is W31,139 million. In relation to the above agreements, the financial institutions do not have recourse to the Company for any receivables that are not recovered at maturity.

22

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

15. Contingent Liabilities and Commitments, Continued

Loan commitment

As of March 31, 2026, the Company has borrowing and letter of credit facilities with Hana Bank and other financial institutions with a combined credit limit of W2,490,100 million and with LG Display Singapore Pte. Ltd. for borrowing up to USD 1,200 million (Equivalent to W1,816,080 million).

Payment guarantees

The Company provides payment guarantee to LG Display Vietnam Haiphong Co., Ltd. for the loan principal of USD 875 million (Equivalent to W1,324,225 million).

The Company has received a payment guarantee of W2,653 million from Seoul Guarantee Insurance Co., Ltd. in relation to performance guarantees and others.

License agreements

As of March 31, 2026, the Company has a trademark license agreement with LG Corp. and pays the usage fee according to the terms of the Agreement.

23

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

15. Contingent Liabilities and Commitments, Continued

Collateral

Details of the collateral provided by the Company as of March 31, 2026 are as follows:

(In millions of won)
Collateral		Carrying amount		Maximum secured amount of credit		Secured creditor		Collateral borrowings amount
Property, plant and equipment and others		212,922		780,000		Korea Development Bank and others		650,000

Commitments for asset acquisition

The amount committed to acquire property, plant, equipment and intangible assets not recognized on the financial statements as of March 31, 2026 is W521,189 million.

16. Share Capital and Capital Surplus

The total number of shares to be issued by the Company is 1,000,000,000 shares, the number of shares issued is 500,000,000 shares (December 31, 2025 : 500,000,000 shares), and the par value per share is W5,000. There were no changes in the Company's share capital for the three-month period ended March 31, 2026.

The Company's capital surplus consists of paid-in capital in excess of par value, and there were no changes in this paid-in capital for the three-month period ended March 31, 2026.

24

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

17. Revenue

Details of revenue for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Sales of goods	W	5,214,224		5,577,185
Others(*)		14,303		42,881
Total	W	5,228,527		5,620,066

(*) Others include royalties and rental revenue.

For the three-month period ended March 31, 2026, the revenue recognized by satisfying performance obligation for the amount received from the customer in prior reporting periods is W8,768 million. (For the three-month period ended March 31, 2025 : W221,140 million)

25

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

18. The Nature of Expenses

The classifications of expenses by nature for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Changes in inventories	W	(177,924)		(218,488)
Purchases of raw materials and others		1,870,022		2,377,368
Depreciation and amortization		666,507		692,192
Outsourcing		1,650,381		1,719,608
Labor		638,050		617,556
Supplies and others		159,402		157,255
Utility		243,253		256,614
Fees and commissions		95,002		91,034
Freight cost		12,424		12,013
Advertising		12,735		13,798
Travel		7,919		8,893
Taxes and dues		18,291		18,097
Others		133,517		163,083
Total(*)	W	5,329,579		5,909,023

(*) Total expenses consist of cost of sales, selling, administrative, research and development expenses.

26

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

19. Selling and Administrative Expenses

Details of selling and administrative expenses for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Salaries	W	56,276		56,024
Post-employment benefit		4,954		6,017
Other employee benefits		11,255		11,995
Freight cost		5,067		3,688
Fees and commissions		37,840		33,519
Depreciation and amortization		27,272		31,765
Taxes and dues		1,287		1,198
Advertising		12,735		13,798
Insurance		2,334		2,474
Travel		2,081		1,759
Training		3,021		2,956
Others		12,392		21,977
Total	W	176,514		187,170

27

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

20. Other Non-operating Income and Other Non-operating Expenses

(a) Details of other non-operating income for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Foreign currency gain	W	361,757		235,825
Gain on disposal of property, plant and equipment		10,862		1,052
Others		3,930		1,063
Total	W	376,549		237,940

(b) Details of other non-operating expenses for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Foreign currency loss	W	664,728		243,764
Loss on disposal of property, plant and equipment		14,739		12,862
Impairment loss on property, plant and equipment		873		647
Impairment loss on intangible assets		6,604		453
Others		3,926		523
Total	W	690,870		258,249

28

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

21. Finance Income and Finance Costs

Details of finance income and costs recognized in profit or loss for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Finance income
Interest income	W	2,228		6,630
Dividend income		3,415		95,053
Foreign currency gain		9,487		60,486
Gain on transaction of derivatives		37,420		65,650
Gain on valuation of derivatives		149,416		1,582
Others		3,903		2,633
Total	W	205,869		232,034
Finance costs
Interest expense	W	114,580		145,570
Foreign currency loss		263,615		49,361
Loss on valuation of derivatives		10,023		55,588
Others		3,263		2,638
Total	W	391,481		253,157

29

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

22. Loss Per Share

(a) Basic loss per share for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In won and number of shares)
		2026		2025
Loss for the period	W	(645,513,892,017)		(364,593,466,611)
Weighted-average number of common shares outstanding		500,000,000		500,000,000
Basic loss per share	W	(1,291)		(729)

(b) Diluted loss per share is not different from basic loss per share as there are no dilution effects of potential common stocks.

30

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management

The Company is exposed to credit risk, liquidity risk and market risk. The Company identifies and analyzes such risks, and controls are implemented under a risk management system to monitor and manage these risks at below an acceptable level.

(a) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices, which will affect the Company’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

(i) Currency risk

The Company is exposed to currency risk on sales, purchases and borrowings that are denominated in a currency other than the functional currency of the Company, Korean won (KRW). The currencies in which these transactions primarily are denominated are USD, JPY, etc.

The Company adopts policies to ensure that its net exposure is kept to a manageable level by buying or selling foreign currencies at spot rates when necessary to address short-term imbalances. In respect of monetary assets and liabilities denominated in foreign currencies, the Company manages currency risk through continuously managing the position of foreign currencies, measuring the currency risk and, if necessary, using derivatives such as currency forwards, currency swap and others.

Cross currency interest rate swap contracts, USD 600 million (December 31, 2025: USD 580 million) and CNY 1,740 million (December 31, 2025: CNY 380 million) were entered into to manage currency risk with respect to foreign currency denominated borrowings and USD 845 million (December 31, 2025: USD 1,020 million) were entered into to manage currency risk and interest rate risk with respect to foreign currency denominated borrowings and bonds.

A weaker won, as indicated below, against the following currencies which comprise the Company’s assets or liabilities denominated in a foreign currency as of March 31, 2026 and December 31, 2025 would have increased (decreased) equity and profit or loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Company considers to be reasonably possible at the end of the reporting period. The analysis assumes that all other variables, in particular interest rates, would remain constant. The changes in profit or loss before income tax would have been as follows:

(In millions of won)			March 31, 2026			December 31, 2025
USD (5 percent weakening)	W		(433,865)	W		(349,389)
JPY (5 percent weakening)			(4,016)			(5,309)

If the exchange rates for the currencies presented above were to decrease at the end of the reporting period, with all other variables held constant, the effects would be the opposite of those presented above.

31

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

(ii) Interest rate risk

Interest rate risk arises principally from the Company’s variable interest-bearing bonds and borrowings. The Company establishes and applies its policy to reduce uncertainty arising from fluctuations in interest rates and to minimize finance cost and manages interest rate risk by monitoring trends of fluctuations in interest rate and establishing plan for countermeasures. Meanwhile, the Company entered into cross currency interest rate swap contracts amounting to USD 845 million (W1,278,823 million) and interest rate swap contracts amounting to USD 250 million (W378,350 million) and W2,030,000 million in notional amount to manage interest rate risk with respect to variable interest-bearing borrowings.

i) Profile

The interest rate profile of the Company’s interest-bearing financial instruments as of March 31, 2026 and December 31, 2025 is as follows:

(In millions of won)		March 31, 2026		December 31, 2025
Fixed rate instruments
Financial assets	W	439,935		248,729
Financial liabilities		(2,638,125)		(2,010,142)
Total	W	(2,198,190)		(1,761,413)
Variable rate instruments
Financial liabilities	W	(7,103,215)		(6,824,064)

ii) Profit or loss before income tax sensitivity analysis for variable rate instruments

As of March 31, 2026 and December 31, 2025, a change of 100 basis points in interest rates at the reporting date would have increased (decreased) profit or loss before income tax by the amounts shown below for the respective following 12 month periods. This analysis assumes that all other variables remain constant.

(In millions of won)
			Profit or loss before income tax
			1%p  increase		1%p decrease
March 31, 2026
Variable rate instruments	W		(71,032)		71,032
December 31, 2025
Variable rate instruments	W		(68,241)		68,241

32

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

(b) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company’s receivables from customers.

The Company’s exposure to credit risk of trade and other receivables is influenced mainly by the individual characteristics of each customer. However, management believes that the default risk of the country in which each customer operates, does not have a significant influence on credit risk since the majority of the customers are global electronic appliance manufacturers operating in global markets.

The Company establishes credit limits for each customer and each new customer is analyzed quantitatively and qualitatively before determining whether to utilize third party guarantees, insurance or factoring as appropriate.

In relation to the impairment of financial assets subsequent to initial recognition, the Company recognizes the changes in expected credit loss (“ECL”) in profit or loss at each reporting date.

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		March 31, 2026		December 31, 2025
Financial assets carried at amortized cost
Cash equivalents	W	439,935		248,729
Deposits in banks		11		11
Trade accounts and notes receivable, net		2,532,002		3,140,538
Non-trade receivables, net		144,740		140,191
Accrued income, net		17,594		34,017
Deposits		5,364		7,160
Loans		2,346		7,994
Subtotal	W	3,141,992		3,578,640
Financial assets at fair value through profit or loss
Derivatives		277,142		131,987
Total	W	3,419,134		3,710,627

33

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

In addition to the financial assets above, as of March 31, 2026, the Company provides payment guarantees to LG Display Vietnam Haiphong, Co., Ltd. in connection with the principal amount of credit facilities amounting to USD 875 million (W1,324,225 million) (see note 15).

Trade accounts and notes receivable are insured in order for the Company to manage credit risk if they do not meet the Company’s internal credit ratings. Uninsured trade accounts and notes receivable are managed by continuous monitoring of internal credit rating standards established by the Company and seeking insurance coverage, if necessary.

(c) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or other financial assets. The Company’s liquidity management policy involves projecting cash flows in major currencies and considering the level of liquid assets necessary to meet these, monitoring liquidity ratios against internal and external regulatory requirements and maintaining debt financing plans.

The Company has historically been able to satisfy its cash requirements from cash flows from operations and debt and equity financing.

Meanwhile, the Company has entered into borrowing facility agreements with several banks. These agreements may include financial covenants requiring the Company to meet certain financial performance targets. The Company periodically monitors compliance with these agreements through its internal control procedures to proactively manage liquidity risk.

34

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

(i) Contractual cash flows of financial liabilities

The following are the contractual maturities of financial liabilities, including estimated interest payments, as of March 31, 2026 and December 31, 2025.

i) As of March 31, 2026

(In millions of won)				Contractual cash flows
		Carrying amount		Total		6 months or less		6-12 months		1-2 years		2-5 years		More than 5 years
Non-derivative financial liabilities
Borrowings	W	9,255,220		9,568,656		1,488,604		2,771,284		4,196,369		953,553		158,846
Bonds		486,120		495,950		368,665		127,285		-		-		-
Trade accounts and notes payable(*1)		9,382,774		9,382,774		9,382,774		-		-		-		-
Other accounts payable(*1)		980,063		983,350		903,322		80,028		-		-		-
Long-term other accounts payable		495,806		558,521		-		-		144,702		413,819		-
Payment guarantee(*2)		8,679		1,324,225		1,324,225		-		-		-		-
Security deposits received		138,469		146,474		1,119		2,860		142,469		26		-
Lease liabilities		10,976		11,528		4,273		2,705		2,313		2,072		165
Derivative financial liabilities
Derivatives	W	15,316		15,698		4,540		4,621		6,209		328		-
Cash outflow		-		40,562		16,468		10,357		12,389		1,348		-
Cash inflow		-		(24,864)		(11,928)		(5,736)		(6,180)		(1,020)		-
Total	W	20,773,423		22,487,176		13,477,522		2,988,783		4,492,062		1,369,798		159,011

(*1) As of March 31, 2026, it includes W290,196 million of payable to credit card companies for utility expenses and others paid using business credit card for purchases.

(*2) Contractual cash flows of payment guarantee represents the maximum amount to the earliest period that the Company could be required to pay the guarantee amount.

35

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

ii) As of December 31, 2025

(In millions of won)				Contractual cash flows
		Carrying amount		Total		6 months or less		6-12 months		1-2 years		2-5 years		More than 5 years
Non-derivative financial liabilities
Borrowings	W	8,311,112		8,815,503		3,204,224		533,755		3,334,130		1,743,394		-
Bonds		523,094		538,548		198,654		213,751		126,143		-		-
Trade accounts and notes payable(*1)		9,711,618		9,711,618		9,711,618		-		-		-		-
Other accounts payable(*1)		1,151,778		1,153,425		1,122,911		30,514		-		-		-
Long-term other accounts payable		218,683		248,238		-		-		67,441		180,797		-
Payment guarantee(*2)		9,447		1,345,219		1,345,219		-		-		-		-
Security deposits received		138,380		147,474		480		4,109		142,859		26		-
Lease liabilities		10,067		10,544		3,692		3,446		1,846		1,404		156
Derivative financial liabilities
Derivatives	W	9,553		7,157		3,027		2,416		1,792		(78)		-
Cash outflow		-		325,920		18,751		13,131		292,017		2,021		-
Cash inflow		-		(318,763)		(15,724)		(10,715)		(290,225)		(2,099)		-
Total	W	20,083,732		21,977,726		15,589,825		787,991		3,674,211		1,925,543		156

(*1) As of December 31, 2025, it includes W704,529 million of payable to credit card companies for utility expenses and others paid using business credit card for purchases.

(*2) Contractual cash flows of payment guarantee represents the maximum amount to the earliest period that the Company could be required to pay the guarantee amount.

It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts.

36

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

(ii) Supplier finance arrangement

Supplier finance arrangements are characterized by one or more finance providers offering to pay amounts that the Company owes its suppliers and the Company agreeing to pay finance providers according to the terms and conditions of the arrangements at a date later than, when suppliers are paid. These arrangements provide the Company with extended payment terms, or the Company’s suppliers with early payment terms, compared to the related invoice payment due date.

The carrying amounts of financial liabilities from supplier financing agreement as of March 31, 2026 and December 31, 2025 are as follows:

		March 31, 2026				December 31, 2025
		Trade accounts and notes payable		Other accounts payable		Trade accounts and notes payable		Other accounts payable
Liabilities under supplier finance arrangement
Purchase card (*1)	W	177,843		109,287		474,781		219,697
Electronic Trade Receivable-Secured Loan (*2)	W	71,414		129,780		53,667		142,872
Liabilities under supplier finance arrangement of which the supplier has received payment from the finance provider
Purchase card (*1)	W	177,843		109,287		474,781		219,697
Electronic Trade Receivable-Secured Loan (*2)	W	2,134		17,450		2,138		12,465

(*1) The Company pays the settlement amount to the card company on the end date of credit term according to the card agreement. The Company uses purchase cards in agreement with the supplier, the amount paid to the card company is for the purchase of goods or services incurred in the normal course of business, and the payment deadline to the card company falls within the normal business cycle of one year or less, and no collateral is provided in connection with this agreement. Therefore, it is classified as trade accounts and notes payable and other account payable and presented as operating and investing activities in the cash flow statement.

(*2) The Company enters into supplier finance arrangement with financial institutions to streamline the payment process and offer early payment terms to suppliers. Under the supplier finance arrangement, if a vendor that supplied goods or services to the company transfers its account receivables to the financial institution within the payment due date, the Company pays the amount to the financial institution. There is no change in the original debt recognized as trade accounts and notes payable or other account payable because the supplier finance arrangement does not result in a substantive reduction of the company’s payment obligation or a change in payment terms.

37

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

The range of payment due dates as of March 31, 2026 and December 31, 2025 are as follows:

		March 31, 2026		December 31, 2025
Liabilities under supplier finance arrangement
Purchase card		91~108days		91~205days
Electronic Trade Receivable-Secured Loan		45~124days		45~123days
Trade accounts and notes payable not covered by the supplier finance arrangement		5~124days		5~123days

There were no material business combinations or foreign exchange differences that would affect the liabilities under the supplier finance arrangement.

(d) Capital management

Management’s policy is to maintain a capital base so as to maintain investor, creditor and market confidence and to sustain future development of the business. Liabilities to equity ratio, net borrowings to equity ratio and other financial ratios are used by management to achieve an optimal capital structure. Management also monitors the return on capital as well as the level of dividends to ordinary shareholders. The Company is also responsible for complying with certain financial ratios as part of capital maintenance conditions imposed externally. To fulfill this responsibility, the Company regularly monitors these financial ratios and takes proactive measures when necessary.

(In millions of won)
		March 31, 2026		December 31, 2025
Total liabilities	W	21,568,365		21,039,417
Total equity		3,122,294		3,771,705
Cash and cash equivalents		439,935		248,729
Borrowings (including bonds)		9,741,340		8,834,206
Total liabilities to equity ratio		691%		558%
Net borrowings to equity ratio(*)		298%		228%

(*) Net borrowings to equity ratio is calculated by dividing total borrowings (including bonds and excluding lease liabilities and others) less cash and cash equivalents by total equity.

(e)Determination of fair value

(i) Measurement of fair value

A number of the Company’s accounting policies and disclosures require the determination of fair value, for both financial and non-financial assets and liabilities. Fair values have been determined for measurement and/or disclosure purposes based on the following methods. When applicable, further information about the assumptions made in determining fair values is disclosed in the notes specific to that asset or liability.

38

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

(ii) Fair values versus carrying amounts

The fair values of financial assets and liabilities, together with the carrying amounts as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)		March 31, 2026				December 31, 2025
		Carrying amounts		Fair values		Carrying amounts		Fair values
Financial assets carried at amortized cost
Cash and cash equivalents	W	439,935		(*1)		248,729		(*1)
Deposits in banks		11		(*1)		11		(*1)
Trade accounts and notes receivable, net		2,532,002		(*1)		3,140,538		(*1)
Non-trade receivables, net		144,740		(*1)		140,191		(*1)
Accrued income, net		17,594		(*1)		34,017		(*1)
Deposits		5,364		(*1)		7,160		(*1)
Loans		2,346		(*1)		7,994		(*1)
Financial assets at fair value through profit or loss
Equity instruments	W	23,057		23,057		23,616		23,616
Derivatives		277,142		277,142		131,987		131,987
Financial liabilities carried at amortized cost
Borrowings	W	9,255,220		9,308,192		8,311,112		8,340,819
Bonds		486,120		486,437		523,094		523,500
Trade accounts and notes payable		9,382,774		(*1)		9,711,618		(*1)
Other accounts payable		1,475,869		(*1)		1,370,461		(*1)
Security deposits received		138,469		(*1)		138,380		(*1)
Financial liabilities at fair value through profit or loss
Derivatives	W	15,316		15,316		9,553		9,553
Other financial liabilities
Payment guarantee liabilities		8,679		(*1)		9,447		(*1)
Lease liabilities	W	10,976		(*2)		10,067		(*2)

(*1) Excluded from disclosures as the carrying amount approximates fair value.

(*2) Excluded from the fair value disclosures in accordance with Korean IFRS 1107 'Financial Instruments: Disclosures'.

39

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

(iii) Fair values of financial assets and liabilities

i) Fair value hierarchy

Financial instruments carried at fair value are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques. The different levels have been defined as follows:

▪Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities

▪Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly

▪Level 3: inputs for the asset or liability that are not based on observable market data

The Company measures fair value for financial reporting purposes, including fair value measurements, which are classified as "Level 3". The Company consults on the fair value assessment process and its results in accordance with the financial reporting schedule, and recognizes changes in the "level" at the end of the reporting period when there is a change in events or circumstances that cause a shift between fair value levels.

40

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

ii) Valuation techniques and inputs for Assets and Liabilities measured by the fair value hierarchy

Fair value hierarchy classifications of the financial instruments that are measured at fair value as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)			March 31, 2026						Total
Classification			Level 1		Level 2		Level 3
	Financial assets at fair value through profit or loss
	Equity instruments	W	18,598		-		4,459		23,057
	Derivatives		-		277,142		-		277,142
	Financial liabilities at fair value through profit or loss
	Derivatives	W	-		15,316		-		15,316

(In millions of won)			December 31, 2025						Total
Classification			Level 1		Level 2		Level 3
	Financial assets at fair value through profit or loss
	Equity instruments	W	21,008		-		2,608		23,616
	Derivatives		-		131,987		-		131,987
	Financial liabilities at fair value through profit or loss
	Derivatives	W	-		9,553		-		9,553

41

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

The valuation techniques and inputs for assets and liabilities measured at fair value those are classified as Level 2 and Level 3 within the fair value hierarchy as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)

March 31, 2026

December 31, 2025

Valuation technique

Input

Classification

Level 2

Level 3

Level 2

Level 3

Financial assets at fair value through profit or loss

Equity instruments

W

-

4,459

-

2,608

Net asset value method and Comparable company analysis

Price to book value ratio

Derivatives

277,142

-

131,987

-

Discounted cash flow

Discount rate and Exchange rate

Financial liabilities at fair value through profit or loss

Derivatives

W

15,316

-

9,553

-

Discounted cash flow

Discount rate and Exchange rate

42

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

iii) Financial instruments not measured at fair value but for which the fair value is disclosed

Fair value hierarchy classifications, valuation technique and inputs for fair value measurements of the financial instruments not measured at fair value but for which the fair value is disclosed as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)

March 31, 2026

Valuation technique

Input

Classification

Level 1

Level 2

Level 3

Liabilities

Borrowings

W

-

-

9,308,192

Discounted cash flow

Discount rate

Bonds

-

-

486,437

Discounted cash flow

Discount rate

(In millions of won)

December 31, 2025

Valuation technique

Input

Classification

Level 1

Level 2

Level 3

Liabilities

Borrowings

W

-

-

8,340,819

Discounted cash flow

Discount rate

Bonds

-

-

523,500

Discounted cash flow

Discount rate

iv) The interest rates applied for determination of the above fair value as of March 31, 2026 and December 31, 2025 are as follows:

		March 31, 2026		December 31, 2025
Borrowings, bonds and others		3.09%~4.13%		3.32%~3.90%

v) There is no transfer between Level 1, Level 2 and Level 3 for the three-month periods ended March 31, 2026 and 2025, and the changes in financial assets classified as Level 3 of fair value measurements for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
Classification		January 1, 2026		Acquisition		March 31, 2026
Equity instruments	W	2,608		1,851		4,459

(In millions of won)
Classification		January 1, 2025		Valuation		March 31, 2025
Equity instruments	W	3,180		-		3,180

43

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Cash flow information

(a) Details of cash flows generated from operations for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Loss for the period	W	(645,514)		(364,593)
Adjustments for:	W
Income tax expense		44,529		34,204
Depreciation and amortization (Note 18)		666,507		692,192
Gain on foreign currency translation		(143,339)		(71,033)
Loss on foreign currency translation		447,235		71,987
Post-employment benefit (Note 13)		25,443		34,806
Gain on disposal of property, plant and equipment		(10,862)		(1,052)
Loss on disposal of property, plant and equipment		14,739		12,862
Impairment loss on property, plant and equipment		873		647
Impairment loss on intangible assets		6,604		453
Expense on increase of provisions		11,646		10,908
Finance income		(196,385)		(246,246)
Finance costs		379,473		246,297
Others		(1,220)		138
Changes in:	W
Trade accounts and notes receivable		737,110		886,823
Other accounts receivable		21,406		27,138
Inventories		(177,924)		(218,488)
Other current assets		(76,557)		(65,932)
Other non-current assets		(10,446)		(10,457)
Proceeds from settlement of derivatives		-		21,474
Trade accounts and notes payable		(727,300)		(189,522)
Other accounts payable		(224,649)		14,905
Accrued expenses		(169,952)		(67,402)
Provisions		(24,098)		(26,710)
Advances received		35,064		(8,484)
Other current liabilities		(9,093)		(28,416)
Defined benefit liabilities (assets), net		(3,514)		18,744
Other non-current liabilities		(320)		1,715
Cash generated from (used in) operations	W	(30,544)		776,958

44

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

24. Cash flow information, Continued

(b) Changes in liabilities arising from financing activities for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
						Non-cash transactions
		January 1, 2026		Cash flows from financing activities		Gain or loss on foreign currency translation			Interest expense		Others		March  31, 2026
Short-term borrowings	W	2,195,397		599,683		127,583			-		-		2,922,663
Payment guarantee liabilities		9,447		1,344		-			-		(2,112)		8,679
Long-term borrowings		6,115,715		100,172		116,260			410		-		6,332,557
Bonds		523,094		(45,000)		7,850			176		-		486,120
Security deposits received		138,380		-		-			-		89		138,469
Lease liabilities		10,067		(2,080)		-			-		2,989		10,976
Total	W	8,992,100		654,119		251,693			586		966		9,899,464

(In millions of won)
						Non-cash transactions
		January 1, 2025		Cash flows from financing activities		Gain or loss on foreign currency translation			Interest expense		Others		March  31, 2025
Short-term borrowings	W	2,454,295		24,464		(524)			-		-		2,478,235
Payment guarantee liabilities		15,770		1,832		-			-		(3,666)		13,936
Long-term borrowings		6,550,072		84,912		(8,205)			893		-		6,627,672
Bonds		1,137,839		(612,000)		(349)			284		-		525,774
Security deposits received		160,710		-		-			-		2,031		162,741
Lease liabilities		6,534		(2,907)		-			-		8,865		12,492
Total	W	10,325,220		(503,699)		(9,078)			1,177		7,230		9,820,850

45

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others

(a) Related parties

Details of related parties as of March 31, 2026 are as follows:

Classification		Description
Subsidiaries(*)		LG Display America, Inc. and others
Associates(*)		Paju Electric Glass Co., Ltd. and others
Entity that has significant influence over the Company		LG Electronics Inc.
Subsidiaries of the entity that has significant influence over the Company		Subsidiaries of LG Electronics Inc.

(*) Details of subsidiaries and associates are described in Note 8.

46

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(b) Details of major transactions with related parties for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)		2026
						Purchase and others
		Sales and others		Dividend income		Purchase of raw material and others		Others(*)
Subsidiaries
LG Display America, Inc.	W	3,418,698		-		-		4,348
LG Display Japan Co., Ltd.		124,461		-		-		37
LG Display Germany GmbH		261,070		-		-		1,954
LG Display Taiwan Co., Ltd.		494,037		-		-		1,073
LG Display Nanjing Co., Ltd.		7,328		-		359,163		2,270
LG Display Shanghai Co., Ltd.		100,899		-		-		153
LG Display Shenzhen Co., Ltd.		24,438		-		-		-
LG Display Yantai Co., Ltd.		-		-		3,132		-
LG Display Singapore Pte. Ltd.		421,189		-		-		16,617
L&T Display Technology (Fujian) Limited		25,985		-		-		2
Nanumnuri Co., Ltd.		108		-		-		9,248
LG Display Guangzhou Trading Co., Ltd.		31,623		-		-		-
LG Display Vietnam Haiphong Co., Ltd.		24,106		-		804,696		14,765
Suzhou Lehui Display Co., Ltd.		2,711		-		14		-
LG Display High-Tech (China) Co., Ltd.		10,568		-		447,332		2,478

47

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(In millions of won)		2026
						Purchase and others
		Sales and others		Dividend income		Purchase of raw material and others		Others(*)
Associates
Paju Electric Glass Co., Ltd.	W	-		3,415		61,146		2,327
Material Science Co., Ltd.		-		-		1,383		468
Entity that has significant influence over the Company
LG Electronics Inc.	W	102,317		-		2,565		32,520

48

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(In millions of won)		2026
						Purchase and others
		Sales and others		Dividend income		Purchase of raw material and others		Others(*)
Subsidiaries of the entity that has significant influence over the Company
LG Electronics India Pvt. Ltd.	W	4,395		-		-		10
LG Electronics Vietnam Haiphong Co., Ltd.		61,245		-		-		1,085
LG Electronics Reynosa S.A. DE C.V.		-		-		-		213
LG Electronics do Brasil Ltda.		1,487		-		-		11
LG Electronics Egypt S.A.E		3,224		-		-		4
LG Innotek Co., Ltd.		1,925		-		-		27,010
P.T. LG Electronics Indonesia		2,995		-		-		145
Others		1		-		-		6,786
Total	W	5,124,810		3,415		1,679,431		123,524

(*) Others include the amount of the acquisition of property, plant, and equipment.

49

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(In millions of won)		2025
						Purchase and others
		Sales and others		Dividend income		Purchase of raw material and others		Others(*)
Subsidiaries
LG Display America, Inc.	W	3,298,372		-		-		848
LG Display Japan Co., Ltd.		180,510		-		-		2
LG Display Germany GmbH		358,767		-		-		12,831
LG Display Taiwan Co., Ltd.		634,166		-		-		594
LG Display Nanjing Co., Ltd.		19,199		-		323,384		1,819
LG Display Shanghai Co., Ltd.		131,180		-		-		72
LG Display Guangzhou Co., Ltd.		3,578		93,389		47,666		58,480
LG Display Shenzhen Co., Ltd.		114,987		-		-		-
LG Display Yantai Co., Ltd.		10		-		54,600		3,164
LG Display (China) Co., Ltd.		968		-		357,672		56
LG Display Singapore Pte. Ltd.		352,240		-		-		7,326
L&T Display Technology (Fujian) Limited		41,338		-		-		14
Nanumnuri Co., Ltd.		76		-		-		6,621
LG Display Guangzhou Trading Co., Ltd.		76,845		-		-		-
LG Display Vietnam Haiphong Co., Ltd.		20,958		-		805,650		15,873
Suzhou Lehui Display Co., Ltd.		18,243		-		1,930		-
LG Display High-Tech (China) Co., Ltd.		1,889		-		644,243		2,214

50

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(In millions of won)		2025
						Purchase and others
		Sales and others		Dividend income		Purchase of raw material and others		Others(*)
Associates
Paju Electric Glass Co., Ltd.		-		1,664		63,764		2,445
Material Science Co., Ltd.		-		-		157		-
Entity that has significant influence over the Company
LG Electronics Inc.	W	70,064		-		1,982		40,234

51

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(In millions of won)		2025
						Purchase and others
		Sales and others		Dividend income		Purchase of raw material and others		Others(*)
Subsidiaries of the entity that has significant influence over the Company
LG Electronics India Pvt. Ltd.	W	7,222		-		-		23
LG Electronics Vietnam Haiphong Co., Ltd.		49,603		-		-		295
LG Electronics Reynosa S.A. DE C.V.		2,105		-		-		583
LG Electronics do Brasil Ltda.		2,059		-		-		17
LG Electronics Egypt S.A.E		3,010		-		-		3
LG Innotek Co., Ltd.		1,542		-		-		13,731
P.T. LG Electronics Indonesia		8,764		-		-		238
Others		3		-		-		5,622
Total	W	5,397,698		95,053		2,301,048		173,105

(*) Others include the amount of the acquisition of property, plant, and equipment, and the purchase amount of LG Display High-Tech (China) Co., Ltd. Shares held by LG Display Guangzhou Co., Ltd.

52

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(c) Details of balances of receivables and payables from transactions with related parties as of March 31, 2026 and December 31, 2025 are as follows:

(In millions of won)
		Trade accounts and notes receivable and others				Trade accounts and notes payable and others
		March 31, 2026		December 31, 2025		March 31, 2026		December 31, 2025
Subsidiaries
LG Display America, Inc.	W	353,244		1,391,967		1,633		929
LG Display Japan Co., Ltd.		120,819		168,299		65		14
LG Display Germany GmbH		282,621		299,107		2,037		635
LG Display Taiwan Co., Ltd.		517,590		501,455		67		830
LG Display Nanjing Co., Ltd.		19		35		2,946,694		3,145,150
LG Display Shanghai Co., Ltd.		107,566		85,207		52		39
LG Display Guangzhou Trading Co., Ltd.		17,635		63,467		-		-
LG Display Shenzhen Co., Ltd.		13,652		16,368		-		-
LG Display Yantai Co., Ltd.		-		-		13,649		107,877
LG Display Singapore Pte. Ltd.(*1)		274,826		335,673		1,816,378		1,722,118
L&T Display Technology (Fujian) Limited		18,980		26,406		88,177		92,078
Nanumnuri Co., Ltd.		11		125		3,160		3,492
LG Display Vietnam Haiphong Co., Ltd.		10,480		12,123		1,867,642		1,535,441
Suzhou Lehui Display Co., Ltd.		1,699		1,288		14		13
LG Display High-Tech (China) Co., Ltd.		58,070		34,596		2,756,820		2,686,382

53

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(In millions of won)
		Trade accounts and notes receivable and others				Trade accounts and notes payable and others
		March 31, 2026		December 31, 2025		March 31, 2026		December 31, 2025
Associates
Paju Electric Glass Co., Ltd.	W	-		-		45,199		62,277
Material Science Co., Ltd.		-		-		769		385
Entity that has significant influence over the Company
LG Electronics Inc.	W	111,227		92,905		32,995		27,416

54

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(In millions of won)
		Trade accounts and notes receivable and others				Trade accounts and notes payable and others
		March 31, 2026		December 31, 2025		March 31, 2026		December 31, 2025
Subsidiaries of the entity that has significant influence over the Company
LG Innotek Co., Ltd.(*2)	W	1,124		2,025		175,021		167,695
P.T. LG Electronics Indonesia		1,092		1,182		4		36
LG Electronics Reynosa S.A. DE C.V.		-		-		36		-
LG Electronics India Pvt. Ltd.		3,236		2,441		-		-
LG Electronics Vietnam Haiphong Co., Ltd.		22,849		21,735		10		12
LG Electronics do Brasil Ltda.		973		1,128		9		1
LG Electronics Egypt S.A.E		2,167		1,288		-		3
Others		3		4		5,791		3,503
Total	W	1,919,883		3,058,824		9,756,222		9,556,326

(*1) Trades accounts and notes payable and others for LG Display Singapore Pte. Ltd. as of March 31, 2026 includes borrowings of USD 1,200 million (W1,816,080 million), and as of December 31, 2025 includes borrowings of USD 1,200 million (W1,721,880 million).

(*2) Trade accounts and note payable and others for LG Innotek Co., Ltd. includes deposits received from lease agreement of W139,500 million as of March 31, 2026 and December 31, 2025.

55

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(d) Details of significant financial transactions with related parties and others for the three-month periods ended March 31, 2026 and 2025 are as follows:

			2026
(In millions of won)	Company Name		Borrowings		Repayment
Subsidiary	LG Display Singapore Pte. Ltd.(*)	W	1,738,440		1,738,440

(*) As of March 31, 2026, the borrowing agreement with LG Display Singapore Pte. Ltd. is valid with a limit of USD 1,200 million (W1,816,080 million), of which USD 1,200 million (W1,816,080 million) has been executed and is included in short-term borrowings.

For the three-month period ended March 31, 2026, the Company contributed W328 million in cash for the capital increase of LG DISPLAY FUND I LLC.

			2025
(In millions of won)	Company Name		Borrowings		Repayment
Subsidiary	LG Display Singapore Pte. Ltd.(*)	W	1,591,851		2,117,523

(*) As of March 31, 2025, the borrowing agreement with LG Display Singapore Pte. Ltd. is valid with a limit of USD 1,200 million (W1,759,800 million), of which USD 1,110 million (W1,627,815 million) has been executed and is included in short-term borrowings.

For the three-month period ended March 31, 2025, the Company contributed W1,098 million in cash for the capital increase of LG DISPLAY FUND I LLC and decreased by W17,200 million as a result of acquisition and disposal of Money Market Trust in addition to the above transactions.

56

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(e) Large Enterprise Group Transactions

According to the 'Related Party Disclosures' under the Korean IFRS 1024, although not included in the scope of related parties, the major transaction details with the Large Enterprise Group subsidiaries and their affiliates, as well as the amounts of receivables and payables for the three-month periods ended March 31, 2026 and 2025 and as of March 31, 2026 and December 31, 2025, in accordance with the Monopoly Regulation and Fair Trade Act, are as follows:

(In millions of won)		For the three-month period ended March 31, 2026				March 31, 2026
		Sales and others		Purchase and others		Trade accounts and notes receivable and others		Trade accounts and notes payable and others
LG Uplus Corp.	W	-		556		-		148
LG Chem Ltd. and its subsidiaries		100		55,950		128		57,484
D&O Corp. and its subsidiaries		65		2,231		173		1,120
LG Corp.(*)		-		12,472		7,096		-
LG Management Development Institute		-		12,548		3		620
LG CNS Co., Ltd. and its subsidiaries		-		39,328		4		40,368
HSAD Inc. and its subsidiaries		-		301		-		299
Robostar Co., Ltd.		-		5		-		5
Total	W	165		123,391		7,404		100,044

(*) According to the lease agreement signed with LG Corp., the recognized lease liabilities as of March 31, 2026 are W3,472 million, and the lease liabilities are not included in the amount of 'Trade accounts and notes payable and others' above. The amount of lease repayment for the three-month period ended March 31, 2026 is W1,178 million.

57

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(In millions of won)		For the three-month period ended March 31, 2025				December 31, 2025
		Sales and others		Purchase and others		Trade accounts and notes receivable and others		Trade accounts and notes payable and others
LG Uplus Corp.	W	-		589		-		163
LG Chem Ltd. and its subsidiaries		88		72,653		33		39,943
D&O Corp. and its subsidiaries		64		2,384		-		3,942
LG Corp.(*)		-		14,009		6,911		12
LG Management Development Institute		-		9,679		3		386
LG CNS Co., Ltd. and its subsidiaries		-		38,152		4		88,383
HSAD Inc. and its subsidiaries		-		525		-		127
Robostar Co., Ltd.		-		1		-		17
Total	W	152		137,992		6,951		132,973

(*) According to the lease agreement signed with LG Corp., the recognized lease liabilities as of December 31, 2025 are W4,607 million, and the lease liabilities are not included in the amount of 'Trade accounts and notes payable and others' above. The amount of lease repayment for the three-month period ended March 31, 2025 is W1,727 million.

58

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

March 31, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(f) Key management personnel compensation

Details of compensation costs of key management for the three-month periods ended March 31, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Short-term benefits	W	1,550		600
Post-employment benefit		97		93
Total	W	1,647		693

Key management refers to the registered directors who have significant control and responsibilities over the Company’s operations and business.

(g) At the end of the reporting period, the Company did not set an allowance for doubtful accounts on the balance of receivables for related parties.

59

.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

LG Display Co., Ltd.

(Registrant)

Date: May 15, 2026 By: /s/ Kyu Dong Kim__________________

(Signature)

Name: Kyu Dong Kim

Title: Vice President / Finance & Risk Management Division

FAQ

How did LG Display (LPL) perform financially in Q1 2026?

LG Display reported Q1 2026 revenue of W5,534,002 million and operating profit of W146,719 million. After finance and other non‑operating items, it recorded a net loss of W575,714 million, equivalent to W1,141 basic and diluted loss per share.

What major investments is LG Display (LPL) planning in OLED technology?

LG Display plans a dedicated W1.1 trillion investment in new OLED technology infrastructure between April 2026 and June 2028. For 2026 overall, it targets capital expenditures in the mid‑to‑upper W2 trillion range, focusing on strengthening technological competitiveness and long‑term OLED growth.

How important are overseas markets to LG Display (LPL) in 2026?

Overseas business is critical for LG Display, with Q1 2026 overseas sales of W5,258 billion out of total revenue of W5,534 billion. This means about 95% of sales came from outside Korea, mainly to global set makers served through regional subsidiaries.

What is LG Display’s (LPL) market share in large-sized display panels?

For large‑sized display panels (9 inches or larger), LG Display’s total worldwide revenue-based market share was 11.4% in Q1 2026. Within that, it held 7.4% for television panels and 15.9% for IT product panels, according to OMDIA estimates.

How much does LG Display (LPL) spend on research and development?

In Q1 2026, LG Display’s R&D expenditures before subsidies were W574,434 million. Net R&D-related expenditures were W574,372 million, representing an R&D-to-revenue ratio of 10.4%, as the company develops advanced OLED, gaming, IT and automotive display technologies.

Does LG Display (LPL) currently pay dividends to shareholders?

LG Display has not paid cash or stock dividends for 2024, 2025, or Q1 2026. The dividend tables show total cash and stock dividend amounts of zero for these periods, and the three-year historical data reflect only earlier distributions from fiscal year 2021.

What is LG Display’s (LPL) financial position as of March 31, 2026?

As of March 31, 2026, LG Display reported total assets of W27,295,656 million and total liabilities of W19,522,523 million. Total equity was W7,773,133 million, including share capital of W2,500,000 million and retained earnings of W(292,676) million.