LG Display (NYSE: LPL) swings to H1 2026 loss while ramping OLED investment

Rhea-AI Filing Summary

LG Display Co., Ltd. reports consolidated revenue of W11,146 billion for the first half of 2026 with a small operating profit of W39 billion, but a net loss attributable to owners of W975 billion (basic EPS W‑1,951). Retained earnings turned negative to W‑670 billion, and no cash or stock dividends were paid for 2024, 2025 or 2026 H1.

The business remains highly export‑driven, with 94.7% of 2026 H1 sales overseas and panels for IT and mobile products together contributing over 70% of revenue. Average selling price per square meter fell 13% quarter‑on‑quarter in 2026 Q2 to US$1,079, reflecting softer mix and seasonal weakness. Large‑panel market share declined versus 2025, and the top ten customers account for 92% of sales, including one customer at W6,087 billion.

The company is shifting further toward OLED, having spent around W1.4 trillion in capital expenditures in 2025 and planning to raise 2026 capex to the mid‑to‑upper W2 trillion range. A dedicated W1.1 trillion investment through June 2028 will expand new OLED technology infrastructure. R&D remains substantial at 10.5% of revenue in 2026 H1, supporting multiple “world’s first” OLED and gaming display products, while domestic corporate bond ratings are maintained at A from three agencies. Production utilization at Gumi, Paju and Guangzhou reached roughly 98–100%, and the company highlights extensive environmental certifications and Zero Waste to Landfill status at all production sites.

Positive

• W1.1 trillion OLED technology investment approved through June 2028, reinforcing the strategic shift to higher‑value OLED products and future growth capacity.
• Maintained domestic corporate bond ratings of A from three agencies, supporting funding access despite recent losses.
• High fab utilization in 2026 H1, with Gumi at 97.8%, Paju at 99.7% and Guangzhou at 100%, indicating efficient use of existing capacity.
• Strong commitment to innovation with R&D spending at 10.5% of revenue in 2026 H1 and multiple “world’s first” OLED and gaming display products.
• Comprehensive environmental performance, including Platinum Zero Waste to Landfill ratings at key sites and multiple carbon footprint and eco‑label certifications.

Negative

• Significant return to loss in 2026 H1 with W975 billion loss attributable to owners versus a profit in 2025, driving basic EPS to W‑1,951.
• Retained earnings deteriorated to W‑670 billion at June 30, 2026, limiting near‑term capacity to resume dividends.
• Average selling price per square meter declined 13% quarter‑on‑quarter in 2026 Q2 to US$1,079, pressuring margins.
• Large‑panel revenue market share fell across TVs and IT between 2024 and 2026 H1, with total share down from 15.7% to 11.6%.
• Customer concentration remains high, with the top ten customers representing 92% of 2026 H1 sales and one customer alone at W6,087 billion.

Filing Explained

As of June 30, 2026, 500 million shares were issued versus 1 billion authorized, with no convertible bonds outstanding.

This Form 6-K furnishes interim company information, including capital, ownership and governance data reported as of June 30, 2026. Its capital table records 500 million issued common shares, 1 billion authorized shares and no outstanding convertible bonds; the authorized amount is capacity, not a completed issuance.

Existing holders’ ownership percentages are based on the 500 million issued shares. If additional shares were issued, the total share count would rise and an existing holder’s percentage ownership would decline absent offsetting changes, but this filing does not establish such an issuance.

LG Electronics is the largest disclosed holder, with 36.72%, while BlackRock Fund Advisors is disclosed at 7.16%. The company also reports that its articles now include fire-protection facility construction and amendments reflecting Korean corporate-law changes concerning electronic meetings, cumulative voting and independent-director governance.

Key Figures

Revenue 2026 H1: W11,146,065 million Net loss attributable to owners 2026 H1: W975,332 million Basic EPS 2026 H1: W‑1,951 +5 more

8 metrics

Revenue 2026 H1 W11,146,065 million Consolidated K‑IFRS revenue for the six months ended June 30, 2026

Net loss attributable to owners 2026 H1 W975,332 million Loss attributable to owners of the company for the six months ended June 30, 2026

Basic EPS 2026 H1 W‑1,951 Basic and diluted earnings (loss) per share for the six months ended June 30, 2026

Planned 2026 capex range Mid‑to‑upper W2 trillion Planned capital expenditures on a cash out basis in 2026 versus W1.4 trillion in 2025

New OLED facility investment W1.1 trillion Investment in new OLED technology infrastructure from April 22, 2026 to June 30, 2028

Average selling price 2026 Q2 US$1,079 per m2 Average panel selling price per square meter of net display area, down 13% from prior quarter

Large-panel total market share 2026 H1 11.6% Worldwide market share by revenue for large‑sized panels (9 inches or larger) in 2026 H1

Sales to Customer A 2026 H1 W6,087 billion Revenue from a single major customer exceeding 10% of total sales in 2026 H1

Key Terms

Tandem OLED technology, Dynamic Frequency & Resolution (DFR), Zero Waste to Landfill (ZWTL), cross currency interest swap agreements, +2 more

6 terms

Tandem OLED technology technical

"utilizing Tandem OLED technology • Became our first notebook panel model"

Dynamic Frequency & Resolution (DFR) technical

"through applying DFR (Dynamic Frequency & Resolution) technology, which enables"

Dynamic frequency & resolution (dfr) describes a device or system’s ability to change how often it samples signals and how detailed those samples are in real time, like a camera that shifts frame rate and image sharpness depending on the scene. For investors, dfr signals flexible performance that can improve accuracy, reduce noise or power use, and adapt to different tasks or regulations, potentially boosting a product’s competitiveness and market value.

Zero Waste to Landfill (ZWTL) environmental

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

cross currency interest swap agreements financial

"we entered into an aggregate of USD 1,645 million, CNY 1,680 million cross currency interest swap agreements"

Average selling price per square meter financial

"The average selling price of display panels per square meter of net display area"

K‑IFRS regulatory

"Financial highlights (Based on consolidated K‑IFRS). (Unit: In millions of Won)"

FAQ

How did LG Display (LPL) perform financially in the first half of 2026?

LG Display reported W11,146 billion in revenue and an operating profit of W39 billion in 2026 H1, but a net loss attributable to owners of W975 billion, resulting in basic earnings per share of W‑1,951 under K‑IFRS.

What is LG Display (LPL) investing in for future growth?

LG Display is increasing 2026 capital expenditures to the mid‑to‑upper W2 trillion range and has approved a W1.1 trillion investment through June 2028 to build new OLED technology infrastructure, aiming to strengthen technological competitiveness and its OLED‑centered growth platform.

Does LG Display (LPL) currently pay dividends?

LG Display paid no cash or stock dividends for 2024, 2025 or 2026 H1. Historical data show an average dividend yield of 0.56% over the last five years, with dividends only for fiscal 2021, reflecting current earnings pressure.

How dependent is LG Display (LPL) on key customers and overseas markets?

In 2026 H1, overseas sales represented 94.7% of total revenue, and the top ten customers contributed 92% of sales. Customer “A” accounted for W6,087 billion and Customer “B” for W1,513 billion, highlighting substantial customer concentration risk.

What is LG Display’s (LPL) current financial position and leverage?

As of June 30, 2026, LG Display had total consolidated assets of W27,501 billion and total liabilities of W19,851 billion. Share capital was W2,500 billion, with retained earnings turning negative at W‑670 billion, indicating reduced equity cushion versus prior years.

How is LG Display (LPL) positioned in the large display panel market?

For 2026 H1, LG Display’s worldwide large‑panel revenue share was 7.9% for TV panels, 16.4% for IT panels and 11.6% in total. These shares have declined compared with 2024, reflecting intense competition, especially from Chinese LCD manufacturers.

What environmental and safety initiatives has LG Display (LPL) implemented?

LG Display maintains ISO 14001 and 50001 certifications, Platinum Zero Waste to Landfill ratings at major sites, and multiple carbon footprint accreditations. It reported greenhouse gas emissions of 3,348 thousand tons CO2e in 2025 and has strengthened safety standards following past incidents.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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

Available on EDGAR 08/14/2026 - 07:00 AM Accepted by SEC EDGAR 08/14/2026 - 07:00 AM Learn about SEC filing dates

CGSH Draft ─ August 7, 2026

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 August 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

SEMI-ANNUAL REPORT

(From January 1, 2026 to June 30, 2026)

THIS IS A TRANSLATION OF THE SEMI-ANNUAL 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 “H1” OF A FISCAL YEAR ARE REFERENCES TO THE SIX-MONTH PERIOD ENDED JUNE 30 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

1

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 June 30, 2026

D. Status of equity investments in associates as of June 30, 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

A. Members of the board of directors

B. Committees of the board of directors

C. Independence of directors

16. Information Regarding Shares

A. Total number of shares

B. Shareholder list

17. Directors and Employees

A. Directors

B. Employees

C. Remuneration for executive officers (excluding directors)

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

2

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

(1)Corporate bonds (Domestic)

Subject instrument	Month of rating	Credit rating (1)	Rating agency (Rating range)
Corporate bonds	June 2024	A	NICE Information Service Co., Ltd. (AAA ~ D)
	March 2025
	June 2026
	June 2024	A	Korea Investors Service, Inc. (AAA ~ D)
	June 2025
	June 2026
	June 2024	A	Korea Ratings Corporation (AAA ~ D)
	June 2025
	June 2026

(1)Domestic corporate bond credit ratings are generally defined to indicate the following:

Subject instrument	Credit rating	Definition
Corporate bonds	AAA	Strongest capacity for timely repayment.
	AA+/AA/AA-	Very strong capacity for timely repayment. This capacity may, nevertheless, be slightly inferior than is the case for the highest rating category
	A+/A/A-	Strong capacity for timely repayment. This capacity may, nevertheless, be more vulnerable to adverse changes in circumstances or in economic conditions than is the case for higher rating categories.
	BBB+/BBB/BBB-	Capacity for timely repayment is adequate, but adverse changes in circumstances and in economic conditions are more likely to impair this capacity.
	BB+/BB/BB-	Capacity for timely repayment is currently adequate, but that there are some speculative characteristics that make the repayment uncertain over time.
	B+/B/B-	Lack of adequate capacity for repayment and speculative characteristics. Interest payment in time of unfavorable economic conditions is uncertain.
	CCC	Lack of capacity for even current repayment and high risk of default.
	CC	Greater uncertainties than higher ratings.
	C	High credit risk and lack of capacity for timely repayment.
	D	Insolvency.

(2)Commercial paper

Not applicable.

3

C.Capitalization

(1)Change in capital stock (as of June 30, 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 June 30, 2026)

We have no outstanding convertible bonds as of June 30, 2026.

D.Voting rights (as of June 30, 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

4

E.Dividends

Dividends for the three most recent fiscal years

Description (unit)		2026 H1		2025		2024
Par value (Won)		5,000		5,000		5,000
Profit (loss) for the period (million Won)(1)		(975,332)		226,312		(2,562,606)
Earnings (loss) per share (Won)(2)		(1,951)		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).

5

F.Matters relating to Articles of Incorporation

Our current articles of incorporation were amended as of March 19, 2026 at the 41st annual general meeting of shareholders.

(1)Recent Changes to Articles of Incorporation

Articles Amended at the 41st Annual General Meeting of Shareholders

Description of Amendments

(1)Revision of Article 2 (Objectives) (2)Insertion of Paragraph 5 of Article 17 (Convening of General Meetings of Shareholders) (3)Revision of Paragraph 2 and deletion of Paragraph 3 of Article 20 (Exercise of Voting Rights) (4)Revision of Article 26 (Number of Directors) (5)Revision of Article 27-2 (Nomination of Candidates for Outside Directors) (6)Revision of Paragraph 2 of Article 32 (Filling of Vacancy) (7)Revision of Paragraph 1 of Article 34 (Committees) (8)Revision of Paragraphs 2, 3 and 4 of Article 36-2 (Composition of Audit Committee) (9)Insertion of new Addenda

(1)To enhance safety by adding the fire protection facility construction business to our business objectives, thereby enabling us to promptly and accurately carry out such construction directly (Article 2). (2)To reflect an amendment to the Commercial Act requiring listed companies exceeding a certain size threshold to hold general meetings of shareholders both in person and by electronic means (Article 17, Paragraph 5 and Article 20, Paragraph 2). (3)To reflect an amendment to the Commercial Act prohibiting large listed companies from excluding cumulative voting systems by their Articles of Incorporation (Article 20, Paragraphs 2 and 3). (4)~(7) To reflect an amendment to the Commercial Act emphasizing the independence of outside directors by changing the title of “Outside Directors” appointed by listed companies to “Independent Directors” (Article 26; Article 27-2; Article 32, Paragraph 2; Article 34, Paragraph 1 and Article 36-2, Paragraph 2). (8-1) To reflect an amendment to the Commercial Act increasing the number of directors to be separately elected as members of the Audit Committee (Article 36-2, Paragraph 3). (8-2) To reflect an amendment to the Commercial Act strengthening the limitation on voting rights in connection with the appointment or dismissal of Audit Committee members (Article 36-2, Paragraph 4). (9) To specify the effective date of the amendments (Article 1 of the Addenda) and to establish transitional measures in accordance with the effective date of the revised Commercial Act (Articles 2, 3, 4 and 5 of the Addenda).

6

(2) Business Objective (as of June 30, 2026)

We added “fire protection facility construction business” as a new business objective through the amendment to our Articles of Incorporation approved at the 41st annual general meeting of shareholders held on March 19, 2026. Our current business objectives include the following:

(as of June 30, 2026)

No.	Business Objective(2)	Whether Currently Engaged in by the Company
1	Research, development, production, sales and marketing of display and related products utilizing, among others, thin-film transistor liquid crystal display (“TFT-LCD”), low-temperature polycrystalline silicone (“LTPS”)-LCD and organic light-emitting diode (“OLED”) technologies	Yes
2	Research, development, production, sales and marketing of products utilizing solar energy	No, see note (1)
3	Research, development, production, sales and marketing of parts and equipment necessary for the development and production of products and technologies listed in items 1 and 2 above	Yes
4	Sale and purchase and lease of real estate	Yes
5	Fire protection facility construction business for the construction, improvement, relocation and maintenance of fire protection facilities	Yes
6	Other ancillary or supplemental businesses and investments relating to each of the businesses described above	Yes

(1) Although the Company began to engage in research and development of products utilizing solar energy in 2007, due to the intense competition with Chinese companies in this sector and relative economic disadvantage of the Company’s technology, the Company decided to discontinue such business in 2010 and is currently not engaged in this business.

(2) We added “fire protection facility construction business” as a new business objective through the amendment to our Articles of Incorporation approved at the 41st annual general meeting of shareholders held on March 19, 2026, to enhance safety by enabling us to promptly and precisely handle fire protection facility construction in-house.

7

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 18%, 36%, 36% and 10% of our total sales, respectively, in the first half of 2026. Our customers primarily consist of global set makers, and our top ten customers comprised 92% of our total sales revenue in the first half of 2026. As a company focused on exports, our overseas sales accounted for approximately 95% of our total sales in the first half 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 production capacity for the first half of 2026 was approximately 1.9 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 11% 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 H1		2025	2024
Sales Revenue		11,146		25,810	26,615
Gross Profit		1,530		3,376	2,575
Operating Profit (loss)		39		517	(561)
Total Assets		27,501		26,917	32,860
Total Liabilities		19,851		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, semiconductor supply conditions, major regional sales events and/or seasonal factors.

8

•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 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 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 expanded adoption of OLED technology for gaming monitors, portable devices 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 by strengthening our differentiated OLED technology capabilities, such as META technology, which offers high-resolution and high-luminance, and Tandem WOLED technology, as well as diversifying our product portfolio and strengthening business with new customers. We are also expanding 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.

9

(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, 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 H1		2025		2024
Panels for Televisions(1)(2)		7.9%		10.4%		14.1%
Panels for IT Products(1)		16.4%		17.6%		19.1%
Total(1)		11.6%		13.4%		15.7%

(1)Source: Large Area Display Market Tracker (OMDIA). Data for 2026 H1 are based on OMDIA’s estimates, as actual results for 2026 H1 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.

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

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 H1

Sales Revenue

Percentages (%)

Display

Goods/Products/ Services/ Other sales

Televisions

Panels for televisions

LG Display

2,012

18.0%

IT products

Panels for monitors, notebook computers and tablets

LG Display

4,018

36.1%

Mobile, etc.

Panels for smartphones, smartwatches, etc.

LG Display

3,958

35.5%

Auto products

Panels for automobiles

LG Display

1,158

10.4%

Total

11,146

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 second quarter of 2026 was USD 1,079, representing a 13% decrease from the previous quarter primarily due to the impact of seasonal demand slowdown in mobile panels, which carry relatively higher average selling prices per square meter. 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 Q2		1,079
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		487		11.1%		Hyunwoo Industrial Co., Ltd., etc.
				Polarizers				686		15.7%		Dongwoo Fine-Chem Co., Ltd., etc.
				BLU				405		9.2%		Heesung Electronics LTD., etc.
				Glass				179		4.1%		Paju Electric Glass Co., Ltd., etc.
				Drive IC				396		9.1%		LX Semicon, etc.
				Others				2,225		50.8%		-
Total								4,378		100.0%

- Period: January 1, 2026 ~ June 30, 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 4% as of June 30, 2026 compared to the end of the previous year.

•The market price of PCB increased by 2% compared to the end of the previous year. The market prices of drive IC and BLU each decreased by 2% as of June 30, 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 H1(1)		2025(1)(2)		2024(1)
Display		Display panel, etc.		Gumi, Paju, Guangzhou		1,879		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 H1(1)		2025(1)(2)		2024(1)
Display		Display panel, etc.		Gumi, Paju, Guangzhou		1,740		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 H1		Actual working hours in 2026 H1		Average utilization ratio
Gumi		4,344(1) (24 hours x 181 days)		4,248(1) (24 hours x 177 days)		97.8%
Paju		4,344(1) (24 hours x 181 days)		4,330(1) (24 hours x 180 days)		99.7%
Guangzhou		4,344(1) (24 hours x 181 days)		4,344(1) (24 hours x 181 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.

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5.Sales

A.Sales performance

(Unit: In billions of Won)

Business area		Sales types		Items (Market)				2026 H1		2025		2024
Display		Products		Display panel		Overseas(1)		10,484		24,613		25,496
						Korea(1)		575		954		960
						Total		11,059		25,567		26,456
		Others(2)		Raw materials, components, etc.		Overseas(1)		74		206		112
						Korea(1)		13		37		47
						Total		87		243		159
		Total				Overseas(1)		10,558		24,819		25,608
						Korea(1)		588		991		1,007
						Total		11,146		25,810		26,615

(1)Based on ship‑to‑party.

(2)Other sales include royalty sales.

B.Sales organization and sales route

•As of June 30, 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		97.8%
		Headquarters		2.2%
Overseas sales portion (overseas sales / total sales)				94.7%
Korea		Overseas subsidiaries		39.7%
		Headquarters		60.3%
Korea sales portion (Korea sales / total sales)				5.3%

(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.

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•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.

E.Major customers

•Customers “A” and “B” each accounted for more than 10% of our sales revenue in the first half of 2026. Sales revenue generated from Customer “A” amounted to W6,087 billion in the first half of 2026 and W6,004 billion in the first half of 2025, and sales revenue generated from Customer “B” amounted to W1,513 billion in the first half of 2026 and W1,638 billion in the first half of 2025. In addition, sales revenue derived from our top ten customers comprised 92% of our total sales revenue in the first half of 2026 and 90% in the first half 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 June 30, 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.

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•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 1,645 million, CNY 1,680 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 W143 billion with respect to the above foreign exchange derivative instruments held during the reporting period.

(2)Interest rate risks

•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 W2,005 billion and USD 400 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 H1		2025		2024
R&D Expenditures (prior to deducting governmental subsidies)			1,174,544		2,211,369		2,237,403
Governmental Subsidies			(813)		(625)		(705)
Net R&D‑Related Expenditures			1,173,731		2,210,744		2,236,698
Accounting Treatment(1)	R&D Expenses		837,240		1,668,306		1,687,315
	Development Cost (Intangible Assets)		336,491		542,438		549,383
R&D‑Related Expenditures / Revenue Ratio(2) (Total R&D‑Related Expenditures  Revenue for the period × 100)			10.5%		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 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 advanced thin OLED (“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

•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

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(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

Achievements in 2026

(1)Developed our first automotive ATO products (7.2/11.7/13/15/24.2”)

•Developed our first automotive ATO products, securing price competitiveness

•Expanded our automotive OLED panel business by meeting diverse customer requirements

(2)Developed our first Fully Integrated Display Module (“FIDM”) products (11/15/30.4”)

•Developed our first FIDM products, expanding the relevant product scope from Cover Glass Module to FIDM

•Secured software development capability by obtaining “ASPICE (Automotive Software Process Improvement Capability determination) CL2”, a global automotive software standard

10.Intellectual Property

As of June 30, 2026, our cumulative patent portfolio (including patents that have already expired) included 32,355 patents in Korea and 40,019 patents in other countries. In 2026, we registered 710 patents in Korea and 1,340 patents in other countries.

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.

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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 Climate, Energy and 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 achieved an A rating, which is among the highest rating categories, in the Carbon Disclosure Project (“CDP”) Supply Chain Engagement Assessment in 2025, in recognition of our efforts to manage climate risks across our supply chain and build a carbon-neutral ecosystem. In addition, we received a Leadership A- rating in the CDP Climate Change assessment, based on our achievements including greenhouse gas reduction, advancement of climate change response scenarios and expansion of renewable energy utilization. As a result, we were named to the Honors Club in the IT category of the Climate Change Korea Awards for ten consecutive years from 2016 to 2025. In the area of water resource management, we achieved a Leadership A rating, the highest rating category, in the CDP Water Security assessment, in recognition of our substantive achievements in expanding water reuse.

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. As of the date of this report, our Paju, Gumi, Nanjing and Guangzhou facilities continue to maintain Platinum ratings for ZWTL, and our Vietnam facility continues to maintain a Gold rating. Accordingly, ZWTL certification is maintained 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.

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.

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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 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

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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 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

In accordance with Article 27 of the Framework Act on Carbon Neutral and Green Growth to Respond to Climate Crisis, we submitted a statement of our 2025 domestic emissions and energy usage to the Korean government in March 2026 after it was certified by DNV Business Assurance Korea, a government‑designated certification agency.

The table below sets forth yearly levels of our greenhouse gases emissions and energy usage in the statement submitted to the Korean government:

(Unit: thousand tons of CO2 equivalent; Tetra Joules)

Category	2025	2024	2023
Greenhouse gases	3,348	3,673	3,492
Energy	48,831	53,590	55,119

Note: Our greenhouse gas emission and energy usage data for 2023 and 2024 are confirmed figures following the conformity assessment by the Ministry of Climate, Energy and Environment. The figures for 2025 have undergone third-party verification and will be updated upon final confirmation following the conformity assessment by the Ministry of Climate, Energy and Environment.

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Since our designation as a target company for the greenhouse gas emission trading system in 2015, we have received greenhouse gas emission allowances from the government and have been annually submitting our greenhouse gas emission calculations and specifications to the Ministry of Climate, Energy and Environment. In order to continually promote the reduction of greenhouse gas emissions, we have set a mid-term goal to reduce the emission level from 2018 to 2030 by 53% and a medium- to long-term goal to achieve carbon neutrality by 2050. In order to reduce greenhouse gas emissions, we plan to develop high-efficiency process gas scrubbers and low-carbon alternative gas technologies, strengthen company-wide power-saving activities and accelerate the transition to renewable energy. In addition to internal reduction efforts, in order to achieve carbon neutrality by 2050, we plan to externally offset residual emissions that are difficult to reduce technically. In addition, through our ESG governance (including ESG committee/ESG management council), we will regularly monitor and report our carbon-neutral implementation progress to strengthen our execution capabilities and continually upgrade our roadmap to achieve carbon neutrality by 2050.

In order to reduce emissions of fluorinated gases (F-Gas) used in the dry etching process in our manufacturing operations, we have installed plasma equipment at our manufacturing sites since 2018, which is capable of reducing such emissions by over 90%. As a result, in 2025, we were able to reduce greenhouse gas emissions across our domestic and overseas business sites by 67% compared to their 2018 levels. In addition, in line with the renewable energy utilization program in Korea, which was initiated in 2021, our domestic business sites are shifting to renewable energy through the green premium program, while our overseas business sites in China and Vietnam are shifting to renewable energy through Renewable Energy Certificate (REC) purchases. In 2025, we converted 3,137 GWh of electricity (approximately 48% of our total electricity) to renewable energy.

We are enhancing the efficiency of our utility supply equipment and improving the energy usage of our production facilities through a company-wide organization dedicated to energy conservation. In addition, we are pursuing energy-saving initiatives focused on minimizing energy consumption by optimizing facility operations using AI Transformation (“AX”)-based technologies, such as smart control systems for chillers, improving losses through enhanced visibility of power consumption for each equipment and identifying energy reduction technologies through collaboration with expert groups.

E.Status of sanctions

Date	Sanctioning Authority	Classification of Sanctioning Authority	Target	Description and Relevant Laws	Sanctions Imposed	Implementation Status
January 19, 2023	Goyang Branch of Uijeongbu District Court	Court	Company	-Safety incident on January 13, 2021 (fine announced on January 11, 2023, ruling confirmed on January 19, 2023)	Fine of W20 million	-Paid fine -Strengthened safety management standards and training program
November 13, 2023	Southern Seoul Branch of Ministry of Employment and Labor	Administrative Agency	Company	-Non-payment of overtime pay -Article 36 and Provision 1 of Article 43 of the Labor Standards Act	—	-Implemented corrective orders, which were completed on November 27, 2023
December 16, 2023	Uijeongbu District Court	Court	Employee (Facility plant manager, Incumbent, 30 years of service)	-Safety incident on January 13, 2021 (fine announced on December 8, 2023, ruling confirmed on December 16, 2023)	Fine of W5 million	-Paid fine
March 22, 2024	Supreme Court	Court	Two employees (former Team Leader and former Manager)	-Safety incident on January 13, 2021 (final appeal dismissed on March 15, 2024, ruling confirmed by the Appellate Court on March 22, 2024)	Final appeal dismissed (1 year of imprisonment subject to two years of probation for both the Team Leader and Manager)	—
April 21, 2026	Paju Customs Office	Tax Authority	Company	-Use of goods brought into bonded factory prior to filing use declaration -Provision 1 of Article 186 of the Customs Act	Administrative fine of W2 million	—

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In January 2021, an incident involving a leakage of tetramethylammonium hydroxide chemicals occurred during refurbishment of equipment at one of our plants in Paju, causing bodily harm to workers. In December 2021, we and certain of our employees were prosecuted for violating the Occupational Safety and Health Act and the Chemicals Control Act. In January 2023, the Goyang Branch of the Uijeongbu District Court ordered a fine of W20 million. The prosecution filed an appeal with respect to several of the prosecuted employees, which was dismissed by the Seoul Appellate Court on December 8, 2023. In addition, the judgment against the remaining defendants, including one of our employees but excluding two of our employees who filed a final appeal with the Supreme Court, was confirmed on December 16, 2023. The final appeals of the two employees were dismissed on March 15, 2024, and the Appellate Court’s ruling was confirmed on March 22, 2024. In order to prevent recurrence, we are exerting continual efforts to treat safety as a top priority management objective, including by strengthening our safety management standards and employee training efforts.

On May 19, 2023, an incident resulting in the death of one of our employees occurred, and we subsequently became subject to a non-periodic inspection by the Southern Branch Office of the Seoul Regional Employment and Labor Office. As a result of the labor inspection, we and our former CEO were alleged to have violated Article 53 of the Labor Standards Act on October 6, 2023, and the Southern Branch Office of Ministry of Employment and Labor conducted an investigation, which was completed on October 22, 2024 without any prosecution. In addition, on November 13, 2023, we had received a corrective order from the Southern Branch Office of the Seoul Regional Employment and Labor Office to pay W239,743,773 in overtime wages to the relevant employees for violations of Article 36 and Provision 1 of Article 43 of the Labor Standards Act. On November 27, 2023, we had fulfilled the corrective order, and accordingly, we do not expect to be charged with any further penalties in relation to the corrective order. In the case of a corrective order, when such order is fulfilled, the case becomes concluded at the labor office level, and the labor office does not pursue further criminal action. In order to prevent the recurrence of similar events, we have established a special committee to improve the culture of our organization and have continued to implement ongoing remedial measures including the reorganization of our employee attendance system.

We incurred and paid an administrative fine imposed by the Paju Customs Office due to a delay in submitting a use declaration for bonded goods brought in during the Lunar New Year holiday period in 2026. To prevent recurrence, we will enhance training for our customs filing agents and strengthen our management framework regarding the bonded factory system and the filing timelines for use declarations.

12.Financial Information

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

(Unit: In millions of Won)

Description		As of June 30, 2026		As of December 31, 2025		As of December 31, 2024
Current assets		7,381,842		6,982,077		10,123,037
Quick assets		4,289,584		4,436,411		7,451,795
Inventories		3,092,258		2,545,666		2,671,242
Non‑current assets		20,118,754		19,934,623		22,736,529
Investments in equity accounted investees		35,576		36,506		33,177
Property, plant and equipment, net		14,102,148		14,470,776		17,202,873
Intangible assets		1,929,135		1,478,035		1,558,407
Other non‑current assets		4,051,895		3,949,306		3,942,072
Total assets		27,500,596		26,916,700		32,859,566
Current liabilities		11,629,230		9,596,471		15,859,084
Non‑current liabilities		8,221,723		9,480,991		8,927,675
Total liabilities		19,850,953		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		(670,017)		281,912		(18,512)
Other equity		1,730,214		1,081,401		995,823
Accumulated other comprehensive income held for sale		─		─		291,363
Non‑controlling interest		1,348,635		1,235,114		1,530,546

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Total equity 7,649,643 7,839,238 8,072,807

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

Description		For the six months ended June 30, 2026		For the year ended December 31, 2025		For the year ended December 31, 2024
Revenue		11,146,065		25,810,082		26,615,347
Operating profit (loss)		38,991		516,977		(560,596)
Profit (loss) from continuing operations		(994,545)		303,807		(2,409,300)
Profit (loss) for the period		(994,545)		303,807		(2,409,300)
Profit (loss) attributable to:
Owners of the company		(975,332)		226,312		(2,562,606)
Non‑controlling interest		(19,213)		77,495		153,306
Basic earnings (loss) per share		(1,951)		453		(5,438)
Diluted earnings (loss) per share		(1,951)		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 June 30, 2026		As of December 31, 2025		As of December 31, 2024
Current assets		6,138,188		5,517,131		8,647,395
Quick assets		3,891,373		3,723,621		6,860,717
Inventories		2,246,815		1,793,510		1,786,678
Non‑current assets		19,223,764		19,293,991		21,151,656
Investments		3,810,745		3,810,085		3,939,474
Property, plant and equipment, net		9,808,080		10,298,784		11,913,336
Intangible assets		1,802,245		1,427,602		1,485,789
Other non‑current assets		3,802,694		3,757,520		3,813,057
Total assets		25,361,952		24,811,122		29,799,051
Current liabilities		16,501,338		15,506,468		20,865,495
Non‑current liabilities		5,982,167		5,532,949		5,137,758
Total liabilities		22,483,505		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		(2,442,559)		(1,549,301)		(1,525,208)
Other equity		0		0		0
Total equity		2,878,447		3,771,705		3,795,798

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

Description		For the six months ended June 30, 2026		For the year ended December 31, 2025		For the year ended December 31, 2024
Revenue		10,606,807		24,115,926		25,178,688
Operating profit (loss)		(336,274)		(624,135)		(1,800,625)
Profit (loss) from continuing operations		(916,661)		(98,205)		(3,034,736)
Profit (loss) for the period		(916,661)		(98,205)		(3,034,736)
Basic earnings (loss) per share		(1,833)		(196)		(6,440)
Diluted earnings (loss) per share		(1,833)		(196)		(6,440)

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C.Consolidated subsidiaries (as of June 30, 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 six months ended June 30, 2026, we invested an additional W660 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 June 30, 2026)

Company		Carrying Amount (in millions)		Effective Equity Interest
Paju Electric Glass Co., Ltd.		W 30,286		40%
Arctic Sentinel, Inc.		-		10%
Cynora GmbH		-		10%
Material Science Co., Ltd.		W 5,290		9%

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 six months ended June 30, 2026 and 2025, the aggregate amount of dividends we received from our affiliated companies was W3,415 million and W1,664 million, respectively.

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13.Audit Information

A.Audit service

(Unit: In millions of Won, hours)

Description		2026 H1		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)		5,195		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 H1		—		—		—		—
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 H1		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.

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15.Board of Directors

A.Members of the board of directors

As of June 30, 2026, our board of directors consisted of two executive directors, one non-standing director and four independent directors.

(As of June 30, 2026)

Name	Position	Primary responsibility
Cheoldong Jeong	Representative Director (Executive Director)	Overall head of management
Sunghyun Kim	Director (Executive Director), Chief Financial Officer and Executive Vice President	Overall head of finances
Sangwoo Lee	Non-standing Director	Related to the overall management
Doo Cheol Moon(1)	Chairman of board of directors, Independent Director	Related to the overall management
Chung Hae Kang	Independent Director	Related to the overall management
Jung Suk Oh(2)	Independent Director	Related to the overall management
Sang Hee Park(2)	Independent Director	Related to the overall management

(1)To enhance board independence and governance transparency, Jung Suk Oh was appointed as Chairman of the board of directors in March 2026, thereby separating the roles of Chairman of the board of directors and Chief Executive Officer.

(2)At the annual general meeting of shareholders held on March 19, 2026, Jung Suk Oh and Sang Hee Park were reappointed as independent directors.

B.Committees of the board of directors

We have the following committees that serve under our board of directors: Management Committee, Outside Director Nomination Committee, Audit Committee, ESG Committee and Related Party Transaction Committee.

As of June 30, 2026, the Management Committee consisted of two executive directors, Cheoldong Jeong (Chairman) and Sunghyun Kim.

As of June 30, 2026, the composition of the Independent Director Nomination Committee was as follows.

(As of June 30, 2026)

Committee	Composition	Members(1)
Independent Director Nomination Committee	1 executive director and 2 independent directors	Sangwoo Lee, Jung Suk Oh and Sang Hee Park

(1)Sangwoo Lee, Jung Suk Oh and Sang Hee Park were appointed as a member of the independent director nomination committee of the board of directors at the board of directors’ meeting on March 19, 2026.

As of June 30, 2026, the composition of the Audit Committee was as follows.

(As of June 30, 2026)

Committee	Composition	Members(1)(2)(3)
Audit Committee	4 independent directors	Doo Cheol Moon (Chairperson), Chung Hae Kang, Jung Suk Oh and Sang Hee Park

(1)Doo Cheol Moon was reappointed as an independent director and a member of the audit committee on March 22, 2024 and was appointed as the chairperson on April 24, 2024.

(2)Chung Hae Kang was reappointed as a member of the committee on March 20, 2025.

(3)Jung Suk Oh and Sang Hee Park were reappointed as independent directors and members of the audit committee on March 19, 2026.

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As of June 30, 2026, the composition of the ESG Committee was as follows.

(As of June 30, 2026)

Committee	Composition	Members(1)(2)
ESG Committee	1 executive director and 4 independent directors	Doo Cheol Moon (Chairperson), Chung Hae Kang, Jung Suk Oh, Sang Hee Park and Cheoldong Jeong

(1)Chung Hae Kang was reappointed as a member of the committee on March 20, 2025.

(2)Jung Suk Oh and Sang Hee Park were reappointed as members of the committee on March 19, 2026.

As of June 30, 2026, the composition of the Related Party Transaction Committee was as follows.

(As of June 30, 2026)

Committee	Composition	Members(1)(2)
Related Party Transaction Committee	1 executive director and 3 independent directors	Chung Hae Kang (Chairperson), Jung Suk Oh, Sang Hee Park and Sunghyun Kim

(1)Sunghyun Kim and Chung Hae Kang were reappointed as members of the committee on March 20, 2025.

(2)Jung Suk Oh and Sang Hee Park were reappointed as members of the committee on March 19, 2026.

C.Independence of directors

Directors are appointed in accordance with the procedures of the Commercial Act and other relevant laws and regulations. Our board of directors is independent as four out of the seven directors that comprise the board are independent directors. Independent directors candidates are nominated for appointment at a shareholders’ meeting after undergoing rigorous review by the Independent Director Nomination Committee.

16.Information Regarding Shares

A.Total number of shares

(1)Total number of shares authorized to be issued (as of June 30, 2026): 1,000,000,000 shares.

(2)Total shares issued and outstanding (as of June 30, 2026): 500,000,000 shares.

B.Shareholder list

(1)Largest shareholder and related parties as of June 30, 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 June 30, 2026:

Beneficial owner		Number of shares of common stock(1)		Equity interest
LG Electronics		183,593,206		36.72%
BlackRock Fund Advisors(2)		35,782,099		7.16%
Employee Stock Ownership Association		4,142,244		0.83%

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(1)The number of shares of common stock is based on the most recent shareholder register as of June 30, 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 May 29, 2026, which shareholding status is based on the ‘Report on Significant Holdings of Stocks, etc.’ disclosed on June 9, 2026. Accordingly, its actual shareholding status may differ from the information presented herein.

17.Directors and Employees

A.Directors

(1)Remuneration for directors in 2026:

(Unit: person, in millions of Won)

Classification	No. of directors(1)	Amount paid(2)(4)	Per capita average remuneration paid(3)
Registered directors (excluding independent directors and audit committee members)	3	1,939	970
Independent directors who are not audit committee members	—	—	—
Independent directors who are audit committee members	4	192	48
Total	7	2,131	355

(1)Number of directors as of June 30, 2026.

(2)Among the directors, one non-standing director is not compensated.

(3)Per capita average remuneration paid is calculated by using the sum of the average monthly remuneration paid in 2026 (excluding one non-standing director who is not compensated).

(2)Standards of remuneration paid to registered directors (excluding independent directors and audit committee members), independent directors and auditors

Classification	Type of Remuneration	Name of Remuneration	Basis for Payment
Registered directors (excluding independent directors and audit committee members)	Salary	Base salary	Paid monthly as base pay in accordance with the base annual salary by position specified in the executive compensation regulations. The base annual salary is determined by comprehensively considering inflation, business conditions, scope of responsibility, management difficulty, productivity, among others.
		Position salary	Calculated on a differentiated basis according to the executive officer’s delegated duties, the strategic importance of the position and the difficulty of securing the required capabilities, and is paid monthly.
	Bonus	Performance incentive	The performance incentive pool is determined by evaluating the previous year’s achievement against (i) financial performance targets and (ii) long-term task (Key Initiative) targets. Within that pool, payments are differentiated based on each individual’s performance and

31

			business contribution. (a) Financial performance (0 to 67% of annual salary): achievement of sales/operating profit targets and management performance (b) Long-term tasks (0 to 117% of annual salary for the chief executive officer and 0 to 67% of annual salary for all other executive officers): strategic initiatives, AX, customer value innovation, talent development, among others
Independent directors who are not audit committee members	—	—	—
Independent directors who are audit committee members	Salary	Base salary	Determined by considering the time and effort required to perform audit committee duties as well as the level of legal responsibility associated with those duties, and paid monthly.
Auditors	—	—	—

(3)Remuneration for individual directors and audit committee members

•Individual amount of remuneration paid in 2026 (among those paid over W500 million per year)

(Unit: in millions of Won)

Name	Position	Total remuneration(1)	Payment not included in total remuneration
Cheoldong Jeong	Representative Director, President	1,457	-

(1)Calculated based on the total amount of remuneration for 2026.

•Method of calculation

Name

Method of calculation

Cheoldong Jeong

Total remuneration •W1,457 million (consisting of W727 million in salary, W726 million in bonus and W4 million in other earned income). Salary •Base salary is set in accordance with the executive compensation regulations established by the board of directors. Monthly payments of W67.2 million between January and June were made. •Position salary is calculated based on the significance of the position and responsibilities of the job. Monthly payments of W53.8 million between January and June were made. Bonus •Performance incentive is determined by the board of directors based on performance evaluation, among others, under the executive compensation regulations. It is paid after evaluating (i) quantitative indicators based on the previous year’s sales, operating profit, among others (0 to 67% of annual salary) and (ii) non-quantitative indicators based on preparing for the future and talent development, among others (0 to 117% of annual salary). •For the quantitative indicators, it was considered that despite uncertainty in the business environment, such as slowing demand in the IT and television market in 2025, we achieved consolidated sales of W25,810.1 billion and operating profit of W517.0 billion

32

through an advanced OLED-centered business structure, thereby returning to profitability for the first time in four years.

•For the non-quantitative indicators, it was considered that contributions were made in cost innovation, strengthening OLED business competitiveness, preparing future technologies, reinforcing mid- to long-term competitiveness and developing future business leader candidates. Accordingly, a bonus of W726 million was calculated and paid.

Other earned income

•A total of W4.4 million of welfare benefits were paid between January and June in accordance with welfare benefits standards.

(4)Remuneration for the five highest paid individuals (among those paid over W500 million per year)

•Individual remuneration amount

(Unit: in millions of Won)

Name	Position	Total remuneration(1)	Payment not included in total remuneration
Myoungkyu Kim	Advisor	4,530	-
Sooyoung Yoon	Former Senior Vice President	1,727	-
Cheoldong Jeong	Representative Director, President	1,457	-
Jeongki Park	Advisor	1,265	-
Heungsoo Kim	Advisor	717	-

(1)Calculated based on the total amount of remuneration for 2026.

•Method of calculation

Name

Method of calculation

Myoungkyu Kim

Total remuneration •W4,530 million (consisting of W303 million in salary, W292 million in bonus, W0.4 million in other earned income and W3,935 million in retirement pay). Salary •Base salary is set in accordance with the executive compensation regulations established by the board of directors. Monthly payments of W67.2 million between January and March and W33.6 million between April and June were made. Bonus •Performance incentive is determined by the board of directors based on performance evaluation, among others, under the executive compensation regulations. It is paid after evaluating (i) quantitative indicators based on the previous year’s sales, operating profit, among others (0 to 67% of annual salary) and (ii) non-quantitative indicators based on preparing for the future and talent development, among others (0 to 67% of annual salary). •For the quantitative indicators, it was considered that despite uncertainty in the business environment, such as slowing demand in the IT and television market in 2025, we achieved consolidated sales of W25,810.1 billion and operating profit of W517.0 billion through an advanced OLED-centered business structure, thereby returning to profitability for the first time in four years. •For the non-quantitative indicators, it was considered that contributions were made in strengthening company-wide cost competitiveness through enhanced execution of cost innovation and advancing the management control framework. Accordingly, a bonus of W292 million was calculated and paid. Other earned income

33

	•A total of W0.4 million of welfare benefits were paid between January and March in accordance with welfare benefits standards. Retirement pay •Retirement pay is calculated in accordance with the applicable provisions of our regulations on compensation for retiring executives and is evaluated by the duration of employment (19 years), monthly base salary at the time of retirement and payment rate per position (2.5 to 4.5%).
Sooyoung Yoon	Total remuneration •W1,727 million (consisting of W117 million in salary, W139 million in bonus, W18 million in other earned income and W1,453 million in retirement pay). Salary •Base salary is set in accordance with the executive compensation regulations established by the board of directors. Monthly payments of W39 million between January and March were made. Bonus •Performance incentive is determined by the board of directors based on performance evaluation, among others, under the executive compensation regulations. It is paid after evaluating (i) quantitative indicators based on the previous year’s sales, operating profit, among others (0 to 67% of annual salary) and (ii) non-quantitative indicators based on preparing for the future and talent development, among others (0 to 67% of annual salary). •For the quantitative indicators, it was considered that despite uncertainty in the business environment, such as slowing demand in the IT and television market in 2025, we achieved consolidated sales of W25,810.1 billion and operating profit of W517.0 billion through an advanced OLED-centered business structure, thereby returning to profitability for the first time in four years. •For the non-quantitative indicators, it was considered that contributions were made in securing core technologies to strengthen business competitiveness and preparing for the future based on intellectual property. Accordingly, a bonus of W139 million was calculated and paid. Other earned income •A total of W17.6 million of welfare benefits were paid between January and March in accordance with welfare benefits standards. Retirement pay •Retirement pay is calculated in accordance with the applicable provisions of our regulations on compensation for retiring executives and is evaluated by the duration of employment (13 years), monthly base salary at the time of retirement and payment rate per position (2.5 to 4.5%).
Cheoldong Jeong	Total remuneration •W1,457 million (consisting of W727 million in salary, W726 million in bonus and W4 million in other earned income). Salary •Base salary is set in accordance with the executive compensation regulations established by the board of directors. Monthly payments of W67.2 million between January and June were made. •Position salary is calculated based on the significance of the position and responsibilities of the job. Monthly payments of W53.8 million between January and June were made. Bonus •Performance incentive is determined by the board of directors based on performance evaluation, among others, under the executive compensation regulations. It is paid after evaluating (i) quantitative indicators based on the previous year’s sales, operating profit,

34

	among others (0 to 67% of annual salary) and (ii) non-quantitative indicators based on preparing for the future and talent development, among others (0 to 117% of annual salary). •For the quantitative indicators, it was considered that despite uncertainty in the business environment, such as slowing demand in the IT and television market in 2025, we achieved consolidated sales of W25,810.1 billion and operating profit of W517.0 billion through an advanced OLED-centered business structure, thereby returning to profitability for the first time in four years. •For the non-quantitative indicators, it was considered that contributions were made in cost innovation, strengthening OLED business competitiveness, preparing future technologies, reinforcing mid- to long-term competitiveness and developing future business leader candidates. Accordingly, a bonus of W726 million was calculated and paid. Other earned income •A total of W4.4 million of welfare benefits were paid between January and June in accordance with welfare benefits standards.
Jeongki Park	Total remuneration •W1,265 million (consisting of W147 million in salary, W93 million in bonus, W4 million in other earned income and W1,021 million in retirement pay). Salary •Base salary is set in accordance with the executive compensation regulations established by the board of directors. Monthly payments of W32.6 million between January and March and W16.3 million between April and June were made. Bonus •Performance incentive is determined by the board of directors based on performance evaluation, among others, under the executive compensation regulations. It is paid after evaluating (i) quantitative indicators based on the previous year’s sales, operating profit, among others (0 to 67% of annual salary) and (ii) non-quantitative indicators based on preparing for the future and talent development, among others (0 to 67% of annual salary). •For the quantitative indicators, it was considered that despite uncertainty in the business environment, such as slowing demand in the IT and television market in 2025, we achieved consolidated sales of W25,810.1 billion and operating profit of W517.0 billion through an advanced OLED-centered business structure, thereby returning to profitability for the first time in four years. •For the non-quantitative indicators, it was considered that contributions were made in the timely development of medium-sized products and the development of differentiated technologies. Accordingly, a bonus of W93 million was calculated and paid. Other earned income •A total of W4.3 million of welfare benefits were paid between January and March in accordance with welfare benefits standards. Retirement pay •Retirement pay is calculated in accordance with the applicable provisions of our regulations on compensation for retiring executives and is evaluated by the duration of employment (11 years), monthly base salary at the time of retirement and payment rate per position (2.5 to 4.5%).
Heungsoo Kim	Total remuneration(2) •W717 million (consisting of W147 million in salary, W115 million in bonus, W6 million in other earned income and W449 million in retirement pay). Salary •Base salary is set in accordance with the executive compensation regulations established by the board of directors. Monthly payments of W32.6 million between January and March and W16.3 million between April and June were made.

35

Bonus

•Performance incentive is determined by the board of directors based on performance evaluation, among others, under the executive compensation regulations. It is paid after evaluating (i) quantitative indicators based on the previous year’s sales, operating profit, among others (0 to 67% of annual salary) and (ii) non-quantitative indicators based on preparing for the future and talent development, among others (0 to 67% of annual salary).

•For the quantitative indicators, it was considered that despite uncertainty in the business environment, such as slowing demand in the IT and television market in 2025, we achieved consolidated sales of W25,810.1 billion and operating profit of W517.0 billion through an advanced OLED-centered business structure, thereby returning to profitability for the first time in four years.

•For the non-quantitative indicators, it was considered that contributions were made in strengthening business competitiveness through the timely mass production of new POLED models and maximizing yields. Accordingly, a bonus of W115 million was calculated and paid.

Other earned income

•A total of W6.2 million of welfare benefits were paid between January and March in accordance with welfare benefits standards.

Retirement pay

•Retirement pay is calculated in accordance with the applicable provisions of our regulations on compensation for retiring executives and is evaluated by the duration of employment (5 years), monthly base salary at the time of retirement and payment rate per position (2.5 to 4.5%).

(5)Stock options

•Not applicable.

B.Employees

As of June 30, 2026, we had 23,490 employees (excluding our directors). On average, our male employees have served 15.7 years and our female employees have served 13.0 years. The total amount of salary paid to our employees for 2026 based on income tax statements submitted to the Korean tax authority in accordance with Article 20 of the Income Tax Act was W1,118,134 million for our male employees and W141,810 million for our female employees. The following table provides details of our employees as of June 30, 2026:

(Unit: person, in millions of Won, year)

	Number of employees(1)	Total salary in 2026(2)(3)(4)	Average salary per capita(5)	Average years of service
Male	20,205	1,118,134	53	15.7
Female	3,285	141,810	41	13.0
Total	23,490	1,259,944	52	15.2

(1)Includes part‑time employees hired for temporary needs or to serve as temporary replacements for employees on parental leave.

(2)Welfare benefits and retirement expenses have been excluded. Total welfare benefit provided to our employees for the six months ended June 30, 2026 was W202,800 million and the per capita welfare benefit provided was W8.6 million.

(3)Based on income tax statements, which are submitted to the Korean tax authority in accordance with Article 20 of the Income Tax Act.

(4)Includes incentive payments to employees who have transferred from our affiliated companies.

(5)Calculated using the sum of the average monthly salary.

C.Remuneration for executive officers (excluding directors)

(Unit: person, in millions of Won)

Number of executive officers	Total salary in 2026	Average salary per capita(1)
77	21,856	294

36

(1)Calculated using the sum of the average monthly salary.

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

None.

37

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Condensed Consolidated Interim Financial Statements

(Unaudited)

June 30, 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 June 30, 2026, and the related consolidated interim statements of comprehensive income for the three-month and six-month periods ended June 30, 2026 and 2025, and consolidated interim statements of changes in equity and cash flows for the six-month periods ended June 30, 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 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.

August 12, 2026

Seoul, Korea

This report is effective as of August 12, 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 June 30, 2026 and December 31, 2025
(In millions of won)						Note		June 30, 2026 (Unaudited)		December 31, 2025
Assets
Cash and cash equivalents						4, 24	W	1,451,214		1,572,058
Deposits in banks						4, 24		900		600
Trade accounts and notes receivable, net						5, 15, 24, 26		2,202,521		2,359,184
Other accounts receivable, net						5, 24		185,293		180,413
Other current financial assets						6, 24		154,191		89,525
Inventories, net						7		3,092,258		2,545,666
Current tax assets								34,872		38,558
Assets held for sale						27		13,821		-
Other current assets								246,772		196,073
Total current assets								7,381,842		6,982,077
Deposits in banks						4, 24		11		11
Investments in equity accounted investees						8		35,576		36,506
Other non-current financial assets						6, 24		276,961		202,051
Property, plant and equipment, net						9, 18		14,102,148		14,470,776
Intangible assets, net						10, 18		1,929,135		1,478,035
Investment Property						11, 18		17,692		18,031
Deferred tax assets, net								3,548,801		3,510,156
Defined benefits assets, net						13		179,008		198,535
Other non-current assets								29,422		20,522
Total non-current assets								20,118,754		19,934,623
Total assets							W	27,500,596		26,916,700
Liabilities
Trade accounts and notes payable						24, 26	W	3,152,893		3,307,687
Current financial liabilities						12, 24, 25, 26		6,119,844		3,798,394
Other accounts payable						24		1,427,265		1,461,014
Accrued expenses								632,111		782,552
Current tax liabilities								34,651		39,219
Provisions						14		78,467		86,290
Advances received								54,365		35,981
Liabilities held for sale						27		23,928		-
Other current liabilities								105,706		85,334
Total current liabilities								11,629,230		9,596,471
Non-current financial liabilities						12, 24, 25		7,335,461		8,934,975
Non-current provisions						14		46,581		55,345
Defined benefit liabilities, net						13		1,228		1,109
Other non-current liabilities						24, 26		838,453		489,562
Total non-current liabilities								8,221,723		9,480,991
Total liabilities							W	19,850,953		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)								(670,017)		281,912
Reserves						16		1,730,214		1,081,401
Equity attributable to owners of the Parent Company								6,301,008		6,604,124
Non-controlling interests								1,348,635		1,235,114
Total equity								7,649,643		7,839,238
Total liabilities and equity							W	27,500,596		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 and six-month periods ended June 30, 2026 and 2025
							For the three-month periods  ended June 30				For the six-month periods  ended June 30
(In millions of won, except earnings (loss) per share amounts)							2026		2025		2026		2025
					Note		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Revenue					17, 18, 26	W	5,612,063		5,586,956		11,146,065		11,652,254
Cost of sales					7, 19, 26		(4,847,946)		(5,079,248)		(9,616,461)		(10,401,742)
Gross profit							764,117		507,708		1,529,604		1,250,512
Selling expenses					19, 20		(120,935)		(104,477)		(218,710)		(221,800)
Administrative expenses					19, 20		(420,499)		(181,256)		(609,231)		(422,212)
Research and development expenses					19		(330,411)		(338,008)		(662,672)		(689,069)
Operating income (loss)							(107,728)		(116,033)		38,991		(82,569)
Finance income					22		140,675		365,636		411,577		545,949
Finance costs					22		(371,511)		(437,591)		(901,137)		(774,558)
Other non-operating income					21		256,263		1,891,063		682,836		2,208,367
Other non-operating expenses					21		(377,521)		(712,338)		(1,215,834)		(1,055,080)
Equity in income of equity accounted investees, net							680		1,161		2,214		1,294
Profit (loss) before income tax							(459,142)		991,898		(981,353)		843,403
Income tax benefit (expense)							40,311		(101,127)		(13,192)		(189,664)
Profit (loss) for the period							(418,831)		890,771		(994,545)		653,739
Other comprehensive income (loss)
Items that will not be reclassified to profit or loss
Remeasurements of net defined benefit liabilities							27,309		549		23,412		675
Other comprehensive loss from associates					8		(9)		-		(9)		-
							27,300		549		23,403		675
Items that may be subsequently reclassified to profit or loss
Foreign currency translation differences for foreign operations					16		266,914		(715,990)		781,277		(719,651)
Other comprehensive income (loss) from associates					8, 16		1,127		(374)		270		1,433
							268,041		(716,364)		781,547		(718,218)
Other comprehensive income (loss) for the period, net of income tax							295,341		(715,815)		804,950		(717,543)
Total comprehensive income (loss) for the period						W	(123,490)		174,956		(189,595)		(63,804)
Profit (loss) attributable to:
Owners of the Parent Company							(404,641)		865,812		(975,332)		603,087
Non-controlling interests							(14,190)		24,959		(19,213)		50,652
Profit (loss) for the period						W	(418,831)		890,771		(994,545)		653,739
Total comprehensive income (loss) attributable to:
Owners of the Parent Company							(158,365)		223,313		(303,116)		(44,590)
Non-controlling interests							34,875		(48,357)		113,521		(19,214)
Total comprehensive income (loss) for the period						W	(123,490)		174,956		(189,595)		(63,804)
Earnings (loss) per share (in won)
Basic earnings (loss) per share					23	W	(809)		1,732		(1,951)		1,206
Diluted earnings (loss) per share					23	W	(809)		1,732		(1,951)		1,206
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 six-month periods ended June 30, 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							-		-		603,087		-		-		603,087		50,652		653,739
Other comprehensive income (loss)
Remeasurements of net defined benefit liabilities							-		-		675		-		-		675		-		675
Foreign currency translation differences for foreign operations							-		-		-		(358,422)		(291,363)		(649,785)		(69,866)		(719,651)
Other comprehensive income from associates							-		-		-		1,433		-		1,433		-		1,433
Total other comprehensive income (loss)							-		-		675		(356,989)		(291,363)		(647,677)		(69,866)		(717,543)
Total comprehensive income (loss) for the period						W	-		-		603,762		(356,989)		(291,363)		(44,590)		(19,214)		(63,804)
Change in scope of consolidation							-		(14,403)		-		-		-		(14,403)		(396,554)		(410,957)
Balances at June 30, 2025 (Unaudited)						W	2,500,000		2,759,184		585,250		638,834		-		6,483,268		1,114,778		7,598,046
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							-		-		(975,332)		-		-		(975,332)		(19,213)		(994,545)
Other comprehensive income (loss)
Remeasurements of net defined benefit liabilities							-		-		23,412		-		-		23,412		-		23,412
Foreign currency translation differences for foreign operations							-		-		-		648,543		-		648,543		132,734		781,277
Other comprehensive income from associates							-		-		(9)		270		-		261		-		261
Total other comprehensive income (loss)							-		-		23,403		648,813		-		672,216		132,734		804,950
Total comprehensive income (loss) for the period						W	-		-		(951,929)		648,813		-		(303,116)		113,521		(189,595)
Balances at June 30, 2026 (Unaudited)						W	2,500,000		2,740,811		(670,017)		1,730,214		-		6,301,008		1,348,635		7,649,643
See accompanying notes to the condensed consolidated Interim financial statements.

5

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES
Consolidated Interim Statements of Cash Flows
For the six-month periods ended June 30, 2026 and 2025
(In millions of won)									2026		2025
							Note		(Unaudited)		(Unaudited)
Cash flows from (used in) operating activities:
Cash generated from operations							25	W	1,304,210		711,363
Income taxes paid									(33,871)		(120,778)
Interests received									16,277		35,512
Interests paid									(290,009)		(383,669)
Cash flows from operating activities									996,607		242,428
Cash flows from (used in) investing activities:
Dividends received									3,749		1,930
Increase in deposits in banks									(900)		(1,200)
Proceeds from withdrawal of deposits in banks									600		900
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									17,252		1,436
Proceeds from disposal of assets held for sale									-		804,602
Receipt of advances related to assets held for sale									10,749		-
Acquisition of property, plant and equipment									(901,939)		(661,709)
Proceeds from disposal of property, plant and equipment									59,099		73,118
Acquisition of intangible assets									(470,450)		(453,813)
Proceeds from disposal of intangible assets									-		1,918
Government grants received									85		1,008
Proceeds from settlement of derivatives									92,254		98,259
Decrease in short-term loans									5,087		11,749
Increase in deposits									(1,641)		(2,354)
Decrease in deposits									4,167		4,896
Cash flows used in investing activities									(1,183,739)		(119,987)
Cash flows from (used in) financing activities:							25
Proceeds from short-term borrowings									4,174,982		2,425,311
Repayments of short-term borrowings									(2,509,810)		(1,735,983)
Repayments of current portion of bonds									(192,226)		(612,000)
Proceeds from long-term borrowings									1,892,885		2,736,625
Repayments of long-term borrowings									(1,623,448)		-
Repayments of current portion of long-term borrowings									(1,763,173)		(3,304,222)
Payments of lease liabilities									(22,330)		(28,153)
Subsidiaries' dividends distributed to non-controlling interests									-		(6,390)
Cash flows used in financing activities									(43,120)		(524,812)
Net decrease in cash and cash equivalents									(230,252)		(402,371)
Cash and cash equivalents included in assets held for sale at January 1									-		158,415
Cash and cash equivalents at January 1									1,572,058		2,021,640
Effect of exchange rate fluctuations on cash and cash equivalents									109,408		(112,173)
Cash and cash equivalents included in assets held for sale at June 30									-		-
Cash and cash equivalents at June 30								W	1,451,214		1,665,511
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

June 30, 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 June 30, 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 June 30, 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 June 30, 2026, 500,000,000 shares of the Parent Company's common stock are listed on Korea Exchange under the identifying code 034220, and 62,663,706 American Depositary Shares ("ADSs", 2 ADSs represent one share of common stock) are 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

June 30, 2026 and 2025 (Unaudited)

1. Reporting Entity, Continued

(b) Consolidated Subsidiaries as of June 30, 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 six-month period ended June 30, 2026, the Parent Company contributed W660 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

June 30, 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.

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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. The amendments do not have a significant impact on the consolidated financial statements.

-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. The amendments do not have a significant impact on the consolidated financial statements.

-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. The amendments are effective for annual periods beginning on or after January 1, 2026 and do not have a significant impact on the consolidated financial statements.

10

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

2. Basis of Preparation, Continued

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

The following new and amended accounting standards and interpretations have been issued but are not yet effective and have not been adopted by the Group:

(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.

When the Group prepares its financial statements by applying Korean IFRS 1118, the following material accounting policies are expected to result in significant differences compared to the current financial statements. These items do not include all differences that may arise in the future and may be subject to change based on the results of additional analysis.

[Changes in presentation of income statement]

Korean IFRS 1118 requires all income and expenses in the income statement to be classified into one of five categories: the operating category, investing category, financing category, income taxes category, and discontinued operations category. Under the standard, all income and expenses that are not classified as investing, financing, income tax, or discontinued operations categories are classified in the operating category. Accordingly, the operating category is a residual category, and operating profit or loss is defined as the total of income and expenses classified within that category.

In classifying income and expenses, the Group is required to assess its main business activities. If the Group determines that investing in particular types of assets or providing financing to customers is a main business activity, income and expenses that would otherwise be classified in the investing or financing categories are classified instead in the operating category.

As a consequence, operating profit or loss determined in accordance with Korean IFRS 1118 may differ significantly from operating profit calculated under Korean IFRS 1001, which has generally been defined as revenue less cost of sales and selling, general and administrative expenses. Korean IFRS 1118 requires the Group to disclose, in the notes, the operating profit or loss calculated in accordance with Korean IFRS 1001, together with a reconciliation between that amount and operating profit or loss as defined by Korean IFRS 1118.

In addition, Korean IFRS 1118 requires to present in the income statement the following defined subtotals: ‘operating profit or loss’ comprising all income and expenses classified in the operating category; ‘profit or loss before financing and income taxes’ comprising operating profit or loss and all income and expenses classified in the investing category; and ‘profit or loss’ for the period. However, if providing financing to customers is a main business activity of the Group, the presentation of profit or loss before financing and income taxes may not be required, depending on the accounting policy applied.

[Introduction of disclosure of management-defined performance measures]

Korean IFRS 1118 introduces requirements for the disclosure of management-defined performance measures (MPMs). MPMs are defined as subtotals of income and expenses that are used by management in public communications outside the financial statements, are used to communicate management’s view of an aspect of the Group’s financial performance, and are not listed in paragraph 118 of Korean IFRS 1118 or otherwise explicitly required to be presented or disclosed by Korean IFRS.

11

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

2. Basis of Preparation, Continued

When the Group reports MPMs, it is required to disclose the reasons why such measures provide useful information, how those measures are calculated, and a reconciliation between those measures and the most directly comparable subtotal specified in Korean IFRS 1118. In addition, the Group shall disclose the income tax effect of each reconciling item and the effect of each reconciling item on non-controlling interests.

[Changes in classification of cash flows]

In accordance with the issuance of Korean IFRS 1118, certain amendments have been made to Korean IFRS 1007 Statement of Cash Flows. Under the amendment, when applying the indirect method, the starting point for determining net cash flows from operating activities has been changed from profit or loss for the period to operating profit or loss, and the accounting policy choice regarding the classification of cash flows related to interest and dividends has been eliminated.

Management is reviewing the impact of applying the new standard on the Group’s 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.

12

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Current assets
Cash and cash equivalents
Deposits	W	1,451,214		1,572,058
Deposits in banks
Time deposits	W	900		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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Trade accounts and notes receivable, net	W	2,202,521		2,359,184
Other accounts receivable
Non-trade receivables, net		161,858		145,426
Accrued income, net		23,435		34,987
Subtotal		185,293		180,413
Total	W	2,387,814		2,539,597

13

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)		June 30, 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	2,190,921		148,528		(451)		(354)
1-15 days past due		9,225		7,601		(2)		(8)
16-30 days past due		333		500		-		-
31-60 days past due		2,414		7,951		-		(14)
More than 60 days past due		81		21,458		-		(369)
Total	W	2,202,974		186,038		(453)		(745)

(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 accounts in respect of trade accounts and notes receivable and other accounts receivable for the six-month periods ended June 30, 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		(269)		(59)		(417)		140
At June 30	W	453		745		966		618

14

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

6. Other Financial Assets

Details of other financial assets as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)		June 30, 2026		December 31, 2025
Current assets
Financial assets at fair value through profit or loss
Derivatives (*)	W	139,533		62,740
Financial assets carried at amortized cost
Deposits	W	7,361		8,851
Short-term loans		6,419		13,318
Subtotal	W	13,780		22,169
Other financial assets
Lease receivables	W	878		4,616
Total	W	154,191		89,525
Non-current assets
Financial assets at fair value through profit or loss
Equity instruments	W	121,742		124,316
Derivatives (*)		147,286		69,247
Subtotal	W	269,028		193,563
Financial assets at amortized cost
Deposits	W	5,280		5,698
Other financial assets
Lease receivables	W	2,653		2,790
Total	W	276,961		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.

15

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

7. Inventories

Details of inventories as of June 30, 2026 and December 31, 2025 are as follows:

(i) As of June 30, 2026

(In millions of won)
		Cost		Valuation allowance		Carrying amount
Finished goods	W	913,968		(35,408)		878,560
Work-in-process		1,550,248		(177,886)		1,372,362
Raw materials		678,003		(32,785)		645,218
Supplies		218,018		(21,900)		196,118
Total	W	3,360,237		(267,979)		3,092,258

(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 six-month periods ended June 30, 2026 and 2025, the amounts of inventories recognized as expenses and (reversal of) loss on valuation of inventories are as follows:

(In millions of won)		2026		2025
Cost of sales	W	9,616,461		10,401,742
Inventories recognized as expense		9,611,684		10,452,157
(Reversal of) write-downs of inventories included in (deducted from) cost of sales		4,777		(50,415)

16

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

8. Investments in equity accounted investees

Details of investment in associates as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)

Associates

Location

Closing

Business

June 30, 2026

December 31, 2025

Effective percentage of ownership

Carrying amount

Effective percentage of ownership

Carrying amount

Paju Electric Glass Co., Ltd.

Paju, South Korea

December

Production of glass for display

40%

W

30,286

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%

5,290

9%

5,027

Total

W

35,576

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 six-month periods ended June 30, 2026 and 2025 amounted to W3,415 million and W1,664 million, respectively.

17

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

9. Property, Plant and Equipment

(a) Changes in property, plant and equipment for the six-month periods ended June 30, 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			965,574		625,563
Depreciation			(1,641,091)		(2,005,751)
Disposals			(29,756)		(97,647)
Impairment loss (*)			(4,552)		(1,457)
Effect of movements in exchange rates and others			355,075		(354,423)
Government grants received			(85)		(1,008)
Reclassified as held for sale			(13,793)		-
Book value as of June 30	W		14,102,148		15,368,150

(*) 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 six-month period ended June 30, 2026, the capitalized borrowing costs amounted to W8,095 million (For the six-month period ended June 30, 2025: W6,554 million), and capitalization rate is 4.45% (For the six-month period ended June 30, 2025: 4.82%).

10. Intangible Assets

Changes in intangible assets for the six-month periods ended June 30, 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			426,711		67,907
Acquisitions by Internal Development			336,490		340,636
Amortization			(359,567)		(384,776)
Disposals			-		(4,067)
Impairment loss (*)			(32,847)		(1,505)
Effect of movements in exchange rates and Others			80,313		(7,230)
Book value as of June 30	W		1,929,135		1,569,372

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

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

11. Investment Property

(a) Changes in investment property for the six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)		2026		2025
Book value as of January 1	W	18,031		27,911
Depreciation		(342)		(2,550)
Others		3		613
Book value as of June 30	W	17,692		25,974

(b) For the six-month period ended June 30, 2026, rental revenue from investment property is W3,167 million (For the six-month period ended June 30, 2025: W5,114 million) and rental cost is W526 million (For the six-month period ended June 30, 2025: W2,725 million).

12. Financial Liabilities

(a)Details of financial liabilities as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Current
Short-term borrowings	W	2,594,160		810,718
Current portion of long-term borrowings		3,157,381		2,548,958
Current portion of bonds		334,890		398,223
Derivatives (*)		3,834		4,066
Lease liabilities		29,579		36,429
Total	W	6,119,844		3,798,394
Non-current
Long-term borrowings	W	7,309,748		8,781,368
Bonds		-		124,871
Derivatives (*)		447		5,487
Lease liabilities		25,266		23,249
Total	W	7,335,461		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.

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

12. Financial Liabilities, Continued

(b) Details of short-term borrowings as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
Lender		Description		Annual interest rate as of June 30, 2026 (%)		June 30, 2026		December 31, 2025
Standard Chartered Bank Korea Limited and others		Working capital and others		2.40 ~ 4.73	W	2,594,160		810,718

(c) Details of Korean won denominated long-term borrowings as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
Lender		Description		Latest maturity date		Annual interest rate as of June 30, 2026 (%)		June 30, 2026		December 31, 2025
Korea Development Bank and others		Facility capital and others		August 2026 ~ March 2036		3.46 ~ 4.77		4,481,227		4,000,423
Less: current portion								(1,387,500)		(1,190,000)
Total							W	3,093,727		2,810,423

(d) Details of foreign currency denominated long-term borrowings as of June 30, 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 June 30, 2026 (%)		June 30, 2026		December 31, 2025
KEB Hana Bank and others		Facility capital and others		September 2026 ~ July 2029		2.03 ~ 6.27	W	5,985,902		7,329,903
Foreign currency equivalent of  foreign currency borrowings								USD 2,452		USD 2,350
								CNY 9,721		CNY 19,332
Less: current portion								(1,769,881)		(1,358,958)
Total							W	4,216,021		5,970,945

20

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

12. Financial Liabilities, Continued

(e) Details of bonds issued and outstanding as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won and USD)
		Maturity		Annual interest rate as of June 30, 2026 (%)		June 30, 2026		December 31, 2025
Korean won denominated bonds at amortized cost (*)
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						(110)		(257)
Less: current portion						(334,890)		(254,872)
Subtotal					W	-		124,871
Foreign currency denominated bonds at amortized cost
Privately issued bonds		-		-	W	-		143,490
Foreign currency equivalent of foreign currency denominated bonds						-		USD 100
Less: discount on bonds						-		(139)
Less: foreign currency equivalent of discount on bonds of foreign currency denominated bonds						-		USD (0)
Less: current portion						-		(143,351)
Subtotal					W	-		-
Total					W	-		124,871

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

21

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Present value of defined benefit obligations	W	1,112,667		1,276,310
Fair value of plan assets		(1,290,447)		(1,473,736)
Total	W	(177,780)		(197,426)
Defined benefit liabilities, net	W	1,228		1,109
Defined benefit assets, net	W	(179,008)		(198,535)

ii) Details of plan assets as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Time deposits in banks	W	1,290,447		1,473,736

As of June 30, 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 and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Current service cost	W	27,550		36,862		58,066		73,786
Net interest cost		(2,407)		(1,562)		(4,747)		(3,123)
Total (*)	W	25,143		35,300		53,319		70,663

(*) The total cost related to the defined benefit plans includes capitalized amounts of W4,473 million (for the six-month period ended June 30, 2025: W5,344 million).

(b) Defined contribution plans

The amount recognized as an expense in relation to the defined contribution plans for the six-month period ended June 30, 2026 is W21,982 million (for the six-month period ended June 30, 2025: W14,746 million).

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LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

14. Provisions

Changes in provisions for the six-month periods ended June 30, 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		3,769		29,471		11,685		44,925
Usage		(3,489)		(46,264)		(11,759)		(61,512)
At June 30, 2026	W	1,826		119,516		3,706		125,048
Current	W	1,826		72,935		3,706		78,467
Non-current	W	-		46,581		-		46,581

(*) 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		3,537		23,219		5,132		31,888
Usage		(11,016)		(38,002)		(7,421)		(56,439)
At June 30, 2025	W	-		137,900		3,708		141,608
Current	W	-		84,419		3,708		88,127
Non-current	W	-		53,481		-		53,481

(*) 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.

23

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 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 financial institutions for trade receivable related to export sales transactions with its subsidiaries, with a credit limit of up to USD 1,000 million (Equivalent to W1,541,500 million). As of June 30, 2026, the amount of the discounted trade receivables that remain outstanding until maturity under the agreement is USD 461 million (Equivalent to W711,354 million). In relation to the above agreements, financial institutions retain the right of recourse against the Parent Company 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 arising from domestic and export sales transactions, with an aggregate limit of W3,884,580 million. As of June 30, 2026, the amount of transferred trade receivables that remain outstanding until maturity under the agreement is W1,899,310 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 June 30, 2026, the Group has borrowing and letter of credit facilities with Hana Bank and other financial

institutions with a combined credit limit of W4,103,469 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 792 million (Equivalent to W1,221,157 million).

The Group has entered into agreements with Seoul Guarantee Insurance Co., Ltd., and others to receive

guarantees with an aggregate limit of W2,617 million, CNY 540 million (Equivalent to W122,564 million),

JPY 900 million (Equivalent to W8,568 million), VND 75,163 million (Equivalent to W4,405 million), and USD

0.2 million (Equivalent to W289 million) for the performance guarantees, payment of consumption tax, import

value-added tax, customs duties, and electricity charges.

24

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

15. Contingent Liabilities and Commitments, Continued

License agreements

As of June 30, 2026, the Group has a trademark license agreement with LG Corp. and pays the usage fee according to the terms of the Agreement.

Collateral

Details of collateral provided by the Group as of June 30, 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		208,812		780,000		Korea Development Bank and others		650,000
Property, plant and equipment and others		776,058		-		China Construction Bank Corporation and others		CNY 4,275

Commitments for asset acquisition

The amount committed to acquire property, plant and equipment and intangible assets not recognized on the financial statements as of June 30, 2026 is W968,625 million.

25

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 six-month period ended June 30, 2026.

Capital surplus as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 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

Other comprehensive income (loss) from associates comprises the Group’s share of other comprehensive income (loss) related to changes in equity of investments accounted for using the equity method.

Reserves as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Foreign currency translation differences for foreign operations	W	1,757,168		1,108,625
Other comprehensive loss from associates		(26,954)		(27,224)
Total	W	1,730,214		1,081,401

26

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

17. Revenue

Details of revenue for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Sales of goods	W	5,551,036		5,513,542		11,059,060		11,506,498
Others (*)		61,027		73,414		87,005		145,756
Total	W	5,612,063		5,586,956		11,146,065		11,652,254

(*) Others include royalties and rental revenue.

For the six-month period ended June 30, 2026, the revenue recognized by satisfying performance obligation for the amount received from the customer in prior reporting period is W18,534 million (For the six-month period ended June 30, 2025 : W1,104,101 million).

18. Geographic and Other Information

(a) Revenue by geography (Customer based)

(In millions of won) Region
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Domestic	W	311,749		262,065		587,669		502,244
Foreign
China		3,414,312		3,317,672		6,984,517		7,250,932
Asia (excluding China)		1,128,406		1,150,717		2,139,360		2,094,403
North America		374,745		428,542		715,874		970,973
Europe		382,851		427,960		718,645		833,702
Subtotal	W	5,300,314		5,324,891		10,558,396		11,150,010
Total	W	5,612,063		5,586,956		11,146,065		11,652,254

“Company A” and “Company B” accounted for more than 10% of the Group’s revenue for the six-month period ended June 30, 2026, with amounts of W6,086,756 million and W1,513,014 million, respectively (For the six-month period ended June 30, 2025: W6,003,772 million and W1,638,250 million, respectively). The aggregated revenues from the Group’s top ten customers together accounted for 92% of revenue for the six-month period ended June 30, 2026 (For the six-month period ended June 30, 2025: 90%).

27

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

18. Geographic and Other Information, Continued

(b)Non-current assets by geography

(In millions of won)
Region		June 30, 2026						December 31, 2025
		Property, plant and equipment		Intangible assets		Investment Property		Property, plant and equipment		Intangible assets		Investment Property
Domestic	W	9,808,038		1,874,566		17,692		10,299,102		1,427,773		18,031
Foreign
China		1,413,669		12,101		-		1,457,884		6,816		-
Vietnam		2,865,301		27,037		-		2,699,577		30,249		-
Others		15,140		15,431		-		14,213		13,197		-
Subtotal	W	4,294,110		54,569		-		4,171,674		50,262		-
Total	W	14,102,148		1,929,135		17,692		14,470,776		1,478,035		18,031

(c)Revenue by product and services

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
TV	W	1,141,369		1,114,411		2,011,561		2,459,504
IT		2,021,251		2,294,680		4,018,343		4,402,456
Mobile and others (*)		1,839,593		1,609,362		3,957,835		3,692,484
AUTO		609,850		568,503		1,158,326		1,097,810
Total (*)	W	5,612,063		5,586,956		11,146,065		11,652,254

(*) This includes other revenue.

For the six-month period ended June 30, 2026, the revenue from OLED products accounted for 58% (For the six-month period ended June 30, 2025: 55%) of the total revenue.

28

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

19. The Nature of Expenses

The classifications of expenses by nature for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Changes in inventories	W	(305,347)		87,519		(546,592)		(197,331)
Purchases of raw materials and others		2,687,216		2,373,865		5,279,740		5,289,256
Depreciation and amortization		980,111		1,169,948		1,974,395		2,367,800
Outsourcing		341,827		330,622		669,644		625,977
Labor		1,053,164		825,598		1,873,146		1,725,815
Supplies and others		230,748		210,305		440,639		439,498
Utility		292,862		299,757		585,856		635,876
Fees and commissions		168,463		153,870		331,489		324,560
Freight cost		29,428		26,833		52,816		57,543
Advertising		13,751		13,037		26,493		26,846
Travel		10,490		11,805		19,667		22,442
Taxes and dues		27,922		24,546		60,486		57,701
Others		189,156		175,284		339,295		358,840
Total (*)	W	5,719,791		5,702,989		11,107,074		11,734,823

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

29

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

20. Selling and Administrative Expenses

Details of selling and administrative expenses for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Salaries	W	321,511		85,596		408,474		217,650
Post-employment benefit		4,683		6,376		9,728		12,859
Other employee benefits		18,307		19,031		37,773		40,036
Freight cost		18,679		17,696		34,136		38,370
Fees and commissions		56,509		54,405		111,872		108,109
Depreciation and amortization		49,213		54,690		98,644		109,646
Taxes and dues		6,663		3,988		16,191		14,748
Advertising		13,751		13,037		26,493		26,846
Insurance		2,752		2,856		5,755		6,193
Travel		2,859		3,213		5,704		6,085
Training		2,062		1,832		5,324		5,165
Others		44,445		23,013		67,847		58,305
Total	W	541,434		285,733		827,941		644,012

30

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Foreign currency gain	W	194,372		1,058,272		603,128		1,364,558
Gain on disposal of assets held for sale		-		764,565		-		764,565
Gain on disposal of property, plant and equipment		55,472		5,893		66,553		14,453
Others		6,419		62,333		13,155		64,791
Total	W	256,263		1,891,063		682,836		2,208,367

(b) Details of other non-operating expenses for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Foreign currency loss	W	327,703		685,505		1,131,938		997,237
Loss on disposal of property, plant and equipment		19,203		17,153		37,779		38,880
Impairment loss on property, plant and equipment		3,463		1,483		4,841		3,746
Impairment loss on intangible assets		26,243		1,052		32,847		1,505
Others		909		7,145		8,429		13,712
Total	W	377,521		712,338		1,215,834		1,055,080

31

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Finance income
Interest income	W	7,776		10,322		15,391		32,360
Foreign currency gain		54,841		321,008		127,128		411,125
Gain on transaction of derivatives		54,834		33,989		92,254		99,639
Gain on valuation of derivatives		12,041		(737)		161,457		845
Gain on valuation of financial assets at fair value through profit or loss		7,737		784		10,173		1,676
Others		3,446		270		5,174		304
Total	W	140,675		365,636		411,577		545,949
Finance costs
Interest expense	W	153,759		174,336		301,154		375,358
Foreign currency loss		211,621		25,220		571,214		100,731
Loss on sale of trade accounts and notes receivable		8,460		8,396		17,955		10,604
Loss on valuation of derivatives		(8,669)		225,650		1,354		281,238
Loss on valuation of financial assets at fair value through profit or loss		6,340		1,195		9,269		2,012
Others		-		2,794		191		4,615
Total	W	371,511		437,591		901,137		774,558

32

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

23. Earnings (Loss) Per Share

(a)Basic earnings (loss) per share for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In won and number of shares)		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Profit (loss) for the period	W	(404,640,325,428)		865,811,895,713		(975,331,624,159)		603,086,465,449
Weighted-average number of common shares outstanding		500,000,000		500,000,000		500,000,000		500,000,000
Basic earnings (loss) per share	W	(809)		1,732		(1,951)		1,206

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

33

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 900 million(December 31, 2025: USD 580 million) and CNY 1,680 million(December 31, 2025: CNY 380 million) were entered into to manage currency risk with respect to foreign currency denominated borrowings and USD 745 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.

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 June 30, 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)
		June 30, 2026		December 31, 2025
USD (5 percent weakening)	W	(84,380)		21,011
JPY (5 percent weakening)		(4,714)		(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.

34

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

(ii) Interest rate risk

Interest rate risk arises principally from the Group’s variable interest-bearing 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 rates and establishing plan

for countermeasures. Meanwhile, the Group entered into cross-currency interest rate swap contracts amounting to

USD 745 million (Equivalent to W1,148,418 million) and interest rate swap contracts amounting to USD 400

million (Equivalent to W616,600 million) and W2,005,000 million in notional amount to manage interest rate risk

with respect to variable interest-bearing borrowings.

i) Profile

The interest rate profile of the Group’s interest-bearing financial instruments as of June 30, 2026 and December 31, 2025 is as follows:

(In millions of won)		June 30, 2026		December 31, 2025
Fixed rate instruments
Financial assets	W	1,452,114		1,572,658
Financial liabilities		(4,291,167)		(2,548,213)
Total	W	(2,839,053)		(975,555)
Variable rate instruments
Financial liabilities	W	(9,105,012)		(10,115,925)

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

As of June 30, 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
June 30, 2026
Variable rate instruments	W	(91,050)		91,050
December 31, 2025
Variable rate instruments	W	(101,159)		101,159

35

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Financial assets carried at amortized cost
Cash equivalents	W	1,451,214		1,572,058
Deposits in banks		911		611
Trade accounts and notes receivable, net		1,594,339		2,136,774
Non-trade receivables, net		161,858		145,426
Accrued income, net		23,435		34,987
Deposits		12,641		14,549
Loans		6,419		13,318
Subtotal		3,250,817		3,917,723
Other financial assets
Lease receivables	W	3,531		7,406
Financial assets at fair value through profit or loss
Derivatives		286,819		131,987
Financial assets at fair value through other comprehensive income
Trade accounts and notes receivable, net	W	608,182		222,410
Total	W	4,149,349		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.

36

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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.

37

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025.

i) As of June 30, 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	13,061,289		13,859,174		3,970,175		2,239,199		5,249,700		2,164,249		235,851
Bonds		334,890		339,893		213,750		126,143		-		-		-
Trade accounts and notes payable (*)		3,152,893		3,152,893		3,152,893		-		-		-		-
Other accounts payable (*)		1,427,265		1,431,673		1,317,924		113,749		-		-		-
Long-term other accounts payable		518,747		582,687		-		-		166,482		416,205		-
Security deposits received		139,190		146,087		3,459		1,300		141,302		26		-
Lease liabilities		54,845		57,926		22,266		9,205		11,410		14,548		497
Derivative financial liabilities
Derivatives	W	4,281		5,134		4,640		393		101		-		-
Cash outflow		-		1,639,128		779,159		316,294		543,675		-		-
Cash inflow		-		(1,633,994)		(774,519)		(315,901)		(543,574)		-		-
Total	W	18,693,400		19,575,467		8,685,107		2,489,989		5,568,995		2,595,028		236,348

(*) As of June 30, 2026, it includes W677,304 million of payable to credit card companies for utility expenses and others paid using business credit card for purchases.

38

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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.

39

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

(ii) Supplier Finance Arrangements

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 the date on which the 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 arrangement as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)		June 30, 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	483,111		187,035		474,781		219,697
Electronic Trade Receivable-Secured Loan (*2)		89,884		136,630		53,667		142,872
Liabilities under supplier finance arrangement of which the supplier has received payment from the finance provider
Purchase Card (*1)	W	483,111		187,035		474,781		219,697
Electronic Trade Receivable-Secured Loan (*2)		33,486		11,607		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 accounts payable and presented as operating and investing activities in the cash flow statement.

(*2) The Group enters into supplier finance arrangements 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 accounts receivable 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 accounts payable because the supplier finance arrangements do not result in a substantive reduction of the Group’s payment obligation or a change in payment terms.

40

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

The range of payment due dates as of June 30, 2026 and December 31, 2025 are as follows:

		June 30, 2026		December 31, 2025
Liabilities under supplier finance arrangement
Purchase Card		90~115 days		91~205 days
Electronic Trade Receivable-Secured Loan		11~123 days		45~123 days
Trade accounts and notes payable not covered by the supplier finance arrangement		5~123 days		5~123 days

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

41

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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. Liability 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)
		June 30, 2026		December 31, 2025
Total liabilities	W	19,850,953		19,077,462
Total equity		7,649,643		7,839,238
Cash and deposits in banks (*1)		1,452,114		1,572,658
Borrowings (including bonds)		13,396,179		12,664,138
Total liabilities to equity ratio		260%		243%
Net borrowings to equity ratio (*2)		156%		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.

42

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)		June 30, 2026				December 31, 2025
		Carrying amounts		Fair values		Carrying amounts		Fair values
Financial assets carried at amortized cost
Cash and cash equivalents	W	1,451,214		(*1)		1,572,058		(*1)
Deposits in banks		911		(*1)		611		(*1)
Trade accounts and notes receivable, net		1,594,339		(*1)		2,136,774		(*1)
Non-trade receivables, net		161,858		(*1)		145,426		(*1)
Accrued income, net		23,435		(*1)		34,987		(*1)
Deposits		12,641		(*1)		14,549		(*1)
Loans		6,419		(*1)		13,318		(*1)
Financial assets at fair value through profit or loss
Equity instruments	W	121,742		121,742		124,316		124,316
Derivatives		286,819		286,819		131,987		131,987
Financial assets at fair value through other comprehensive income
Trade accounts and notes receivable, net	W	608,182		(*1)		222,410		(*1)
Other financial assets
Lease receivables		3,531		(*1)		7,406		(*1)
Financial liabilities carried at amortized cost
Borrowings	W	13,061,289		13,104,068		12,141,044		12,170,751
Bonds		334,890		334,524		523,094		523,500
Trade accounts and notes payable		3,152,893		(*1)		3,307,687		(*1)
Other accounts payable		1,946,012		(*1)		1,679,697		(*1)
Security deposits received		139,190		(*1)		138,384		(*1)
Financial liabilities at fair value through profit or loss
Derivatives	W	4,281		4,281		9,553		9,553
Other financial liabilities
Lease liabilities	W	54,845		(*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’.

43

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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.

44

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)			June 30, 2026						Total
Classification			Level 1		Level 2		Level 3
	Financial assets at fair value through profit or loss
	Equity instruments	W	13,927		-		107,815		121,742
	Derivatives		-		286,819		-		286,819
	Financial liabilities at fair value through profit or loss
	Derivatives	W	-		4,281		-		4,281

(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

45

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

The valuation techniques and inputs for assets and liabilities measured at fair value that are classified as Level 2 and Level 3 within the fair value hierarchy as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)

June 30, 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

-

107,815

-

103,308

Net asset value method and Comparable company analysis

Price to book value ratio

Derivatives

286,819

-

131,987

-

Discounted cash flow

Discount rate and Exchange rate

Financial liabilities at fair value through profit or loss

Derivatives

W

4,281

-

9,553

-

Discounted cash flow

Discount rate and Exchange rate

46

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)			June 30, 2026						Valuation technique		Input
Classification			Level 1		Level 2		Level 3
Liabilities
	Borrowings	W	-		-		13,104,068		Discounted cash flow		Discount rate
	Bonds		-		-		334,524		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 June 30, 2026 and December 31, 2025 are as follows:

		June 30, 2026		December 31, 2025
Borrowings, bonds and others		3.78%~5.05%		3.32%~3.90%

47

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

24. Financial Risk Management, Continued

v) There is no transfer between Level 1, Level 2 and Level 3 for the six-month periods ended June 30, 2026 and 2025, and the changes in financial assets classified as Level 3 of fair value measurements for the six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)

Classification

January 1, 2026

Acquisition

Disposal

Valuation

Changes in Foreign Exchange Rates

June 30, 2026

Equity instruments

W

103,308

1,851

(4,702)

-

7,358

107,815

(In millions of won)
Classification		January 1, 2025		Acquisition		Disposal		Valuation		Changes in Foreign Exchange Rates		June 30, 2025
Equity instruments	W	101,543		727		-		-		(7,650)		94,620
Convertible securities		1,470		-		(1,399)		-		(71)		-

48

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

25. Cash Flow Information

(a) Details of cash flows generated from operations for the six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Profit (loss) for the period	W	(994,545)		653,739
Adjustments for:	W
Income tax expense		13,192		189,664
Depreciation and amortization (Note 19)		1,974,395		2,367,800
Gain on foreign currency translation		(130,274)		(500,296)
Loss on foreign currency translation		512,972		189,890
Post-employment benefit (Note 13)		48,846		70,663
Gain on disposal of assets held for sale		-		(764,565)
Gain on disposal of property, plant and equipment		(66,553)		(14,453)
Loss on disposal of property, plant and equipment		37,779		38,880
Impairment loss on property, plant and equipment		4,841		3,746
Impairment loss on intangible assets		32,847		1,505
Expense on increase of provisions		44,925		31,888
Finance income		(284,554)		(516,502)
Finance costs		680,886		637,542
Equity in income of equity method accounted investees, net		(2,214)		(1,294)
Others		(787)		(52,721)
Changes in:	W
Trade accounts and notes receivable		346,405		156,964
Other accounts receivable		(1,098)		325,127
Inventories		(306,005)		(287,558)
Other current assets		(48,417)		37,172
Other non-current assets		(8,904)		(8,153)
Proceeds from settlement of derivatives		-		79,881
Trade accounts and notes payable		(239,331)		(1,839,729)
Other accounts payable		(172,478)		115,691
Accrued expenses		(139,776)		(96,446)
Provisions		(61,602)		(61,053)
Advances received		7,635		(94,556)
Other current liabilities		3,169		(2,676)
Defined benefit liabilities (assets), net		(7,420)		13,301
Other non-current liabilities		60,276		37,912
Cash generated from operations	W	1,304,210		711,363

49

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

25. Cash Flow Information, Continued

(b) Changes in liabilities arising from financing activities for the six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		January 1, 2026				Non-cash transactions
				Cash flows from (used in) financing activities		Gain or loss on foreign currency translation		Interest expense		Others			June 30, 2026
Short-term borrowings	W	810,718		1,665,172		118,270		-		-			2,594,160
Long-term borrowings		11,330,326		(1,493,736)		626,273		4,266		-			10,467,129
Bonds		523,094		(192,226)		3,822		200		-			334,890
Security deposits received		138,384		-		-		-		806			139,190
Lease liabilities		59,678		(22,330)		2,533		-		14,964			54,845
Total	W	12,862,200		(43,120)		750,898		4,466		15,770			13,590,214

(In millions of won)
		January 1, 2025				Non-cash transactions
				Cash flows from (used in) financing activities		Gain or loss on foreign currency translation		Interest expense		Others			June 30, 2025
Short-term borrowings	W	969,595		689,328		(122,081)		-		-			1,536,842
Long-term borrowings		12,442,680		(567,597)		(510,926)		5,828		(1,152)			11,368,833
Bonds		1,137,839		(612,000)		(11,338)		457		-			514,958
Security deposits received		160,713		-		-		-		5,289			166,002
Lease liabilities		57,975		(28,153)		(37,026)		-		87,169			79,965
Dividend payable		6,390		(6,390)		-		-		-			-
Total	W	14,775,192		(524,812)		(681,371)		6,285		91,306			13,666,600

50

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

26. Related Parties and Others

(a) Related parties

Details of related parties as of June 30, 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.

51

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(b) Details of major transactions with related parties for the six-month periods ended June 30, 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		121,568		4,621
Material Science Co., Ltd.		-		-		78		3,712
Entity that has significant influence over the Parent Company
LG Electronics Inc.	W	182,625		-		10,593		161,630
Subsidiaries of the entity that has significant influence over the Parent Company
LG Electronics India Pvt. Ltd.	W	13,920		-		-		39
LG Electronics Vietnam Haiphong Co., Ltd.		183,972		-		-		1,314
LG Electronics Nanjing New Technology Co., Ltd.		70,257		-		-		58
LG Electronics do Brasil Ltda.		3,219		-		-		26
LG Innotek Co., Ltd.		4,838		-		1		64,675
LG Electronics Mlawa Sp. z o.o.		416,807		-		-		300
LG Electronics Reynosa S.A. DE C.V.		367,449		-		-		325
LG Electronics Egypt S.A.E		6,880		-		-		4
LG Electronics Japan, Inc.		-		-		-		3,077
P.T. LG Electronics Indonesia		227,849		-		-		286
HI-M Solutek Co., Ltd		-		-		-		8,136
Others		299		-		137		2,613
Total	W	1,478,115		3,415		132,377		250,816

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

52

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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		129,044		6,560
Material Science Co., Ltd.		-		-		203		-
Entity that has significant influence over the Parent Company
LG Electronics Inc.	W	145,317		-		8,244		140,986
Subsidiaries of the entity that has significant influence over the Parent Company
LG Electronics India Pvt. Ltd.	W	16,900		-		-		39
LG Electronics Vietnam Haiphong Co., Ltd.		104,753		-		-		963
LG Electronics Nanjing New Technology Co., Ltd.		117,014		-		-		285
LG Electronics do Brasil Ltda.		19,241		-		-		55
LG Innotek Co., Ltd.		4,887		-		-		52,971
LG Electronics Mlawa Sp. z o.o.		579,427		-		-		606
LG Electronics Reynosa S.A. DE C.V.		420,337		-		-		700
LG Electronics Egypt S.A.E		6,319		-		-		6
LG Electronics Japan, Inc.		-		-		-		3,004
P.T. LG Electronics Indonesia		259,946		-		-		418
HI-M Solutek Co., Ltd		-		-		-		5,198
Others		210		-		148		2,537
Total	W	1,674,351		1,664		137,639		214,328

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

53

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 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 June 30, 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
		June 30, 2026		December 31, 2025		June 30, 2026		December 31, 2025
Associates
Paju Electric Glass Co., Ltd.	W	-		-		46,278		62,277
Material Science Co., Ltd.		-		-		993		385
Entity that has significant influence over the Parent Company
LG Electronics Inc.	W	114,659		95,844		70,876		88,184
Subsidiaries of the entity that has significant influence over the Parent Company
LG Electronics Vietnam Haiphong Co., Ltd.	W	51,741		41,403		5		12
LG Electronics Nanjing New Technology Co., Ltd.		13,680		19,036		-		9
LG Innotek Co., Ltd. (*)		139		2,102		186,985		173,625
LG Electronics Mlawa Sp. z o.o.		69,403		101,105		30		11
LG Electronics Reynosa S.A. DE C.V.		43,761		87,555		-		-
P.T. LG Electronics Indonesia		40,590		23,766		3		36
LG Electronics India Pvt. Ltd.		5,401		2,441		-		-
LG Innotek USA, Inc.	W	2,653		2,688		-		-
Others		2,123		2,496		5,896		3,966
Total	W	344,150		378,436		311,066		328,505

(*) Trade accounts and notes payable and others for LG Innotek Co., Ltd. include deposits received from lease agreement of W139,500 million as of June 30, 2026 and December 31, 2025.

54

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(d) Details of significant financial transactions with related parties and others for the six-month periods ended June 30, 2026 and 2025 are as follows:

(i) 2026

There were no significant financial transactions with related parties and others for the six-month periods ended June 30, 2026.

(ii) 2025

	2025
(In millions of won)	Company Name		Repayment of borrowings
Entity that has significant influence over the Parent Company	LG Electronics Inc.	W	1,000,000

55

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(e) Large Enterprise Group Transactions

Although the following entities are not included in the scope of related parties under Korean IFRS 1024 Related Party Disclosures, details of significant transactions with companies belonging to the same large enterprise group under the Monopoly Regulation and Fair Trade Act and their subsidiaries, and the related receivables and payables, are as follows:

(In millions of won)
		For the six-month period ended June 30, 2026				June 30, 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	86		1,105		95		172
LG Chem Ltd. and its subsidiaries		136		187,581		95		74,556
D&O Corp. and its subsidiaries		131		6,868		149		1,739
LG Corp. (*)		-		25,102		7,226		-
LG Management Development Institute		-		22,588		3		626
LG CNS Co., Ltd. and its subsidiaries		83		121,314		17		44,180
LG Household & Health Care Ltd. and its subsidiaries		-		13		-		-
HSAD Inc. and its subsidiaries		-		374		-		47
Robostar Co., Ltd.		-		909		-		34
Total	W	436		365,854		7,585		121,354

(*) According to the lease agreement signed with LG Corp., the recognized lease liabilities as of June 30, 2026 are W2,327 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 six-month period ended June 30, 2026 is W2,355 million.

56

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(In millions of won)
		For the six-month period ended June 30, 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	-		1,188		-		163
LG Chem Ltd. and its subsidiaries		234		173,711		59		55,879
D&O Corp. and its subsidiaries		129		6,245		-		4,996
LG Corp. (*)		-		27,077		6,911		12
LG Management Development Institute		-		22,593		3		386
LG CNS Co., Ltd. and its subsidiaries		76		106,822		4		107,292
LG Household & Health Care Ltd. and its subsidiaries		-		39		-		-
HSAD Inc. and its subsidiaries		-		621		-		127
Robostar Co., Ltd.		-		134		-		59
Total	W	439		338,430		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 six-month period ended June 30, 2025 is W3,453 million.

57

LG DISPLAY CO., LTD. AND ITS SUBSIDIARIES

Notes to the Condensed Consolidated Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

26. Related Parties and Others, Continued

(f) Key management personnel compensation

Details of compensation costs of key management for the six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Short-term benefits	W	2,169		1,216
Post-employment benefit		193		393
Total	W	2,362		1,609

Key management personnel are the registered directors of the Parent Company who have significant authority and responsibility for planning, directing and controlling the activities of the Parent Company.

(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.

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, as of June 30, 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.

58

LG DISPLAY CO., LTD.

Condensed Separate Interim Financial Statements

(Unaudited)

June 30, 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 June 30, 2026, and the related interim statements of comprehensive income for the three-month and six-month periods ended June 30, 2026 and 2025, and interim statements of changes in equity and cash flows for the six-month periods ended June 30, 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.

August 12, 2026

Seoul, Korea

This report is effective as of August 12, 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 June 30, 2026 and December 31, 2025
(In millions of won)		Note		June 30, 2026 (Unaudited)		December 31, 2025
Assets
Cash and cash equivalents		4, 23	W	320,203		248,729
Trade accounts and notes receivable, net		5, 15, 23, 25		3,012,687		3,140,538
Other accounts receivable, net		5, 23		286,942		169,179
Other current financial assets		6, 23		143,976		77,249
Inventories, net		7		2,246,815		1,793,510
Current tax assets				646		1,585
Other current assets				126,919		86,341
Total current assets				6,138,188		5,517,131
Deposits in banks		4, 23		11		11
Investments, net		8		3,810,745		3,810,085
Other non-current accounts receivable, net		5, 23		3,600		5,029
Other non-current financial assets		6, 23		167,070		93,508
Property, plant and equipment, net		9		9,808,080		10,298,784
Intangible assets, net		10		1,802,245		1,427,602
Investment property		11		17,692		18,031
Deferred tax assets, net				3,406,476		3,422,353
Defined benefits assets, net		13		178,811		198,288
Other non-current assets				29,034		20,300
Total non-current assets				19,223,764		19,293,991
Total assets			W	25,361,952		24,811,122
Liabilities
Trade accounts and notes payable		23, 25	W	8,704,285		9,711,618
Current financial liabilities		12, 23, 24, 25		5,925,118		3,870,697
Other accounts payable		23		1,181,374		1,151,778
Accrued expenses				487,168		589,096
Provisions		14		77,637		85,559
Advances received				39,781		29,058
Other current liabilities				85,975		68,662
Total current liabilities				16,501,338		15,506,468
Non-current financial liabilities		12, 23, 24		5,161,301		4,992,576
Non-current provisions		14		46,581		55,345
Other non-current liabilities		23, 25		774,285		485,028
Total non-current liabilities				5,982,167		5,532,949
Total liabilities				22,483,505		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				(2,442,559)		(1,549,301)
Total equity				2,878,447		3,771,705
Total liabilities and equity			W	25,361,952		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 and six-month periods ended June 30, 2026 and 2025
(In millions of won, except earnings (loss) per share amounts)				For the three-month periods  ended June 30				For the six-month periods  ended June 30
				2026		2025		2026		2025
		Note		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Revenue		17, 25	W	5,378,280		5,137,636		10,606,807		10,757,702
Cost of sales		7, 18, 25		(4,855,952)		(5,012,123)		(9,678,755)		(10,386,082)
Gross profit				522,328		125,513		928,052		371,620
Selling expenses		18, 19		(67,451)		(43,913)		(116,058)		(100,908)
Administrative expenses		18, 19		(361,745)		(127,753)		(489,652)		(257,928)
Research and development expenses		18		(328,354)		(335,077)		(658,616)		(682,971)
Operating loss				(235,222)		(381,230)		(336,274)		(670,187)
Finance income		21		226,962		322,347		432,831		554,381
Finance costs		21		(235,516)		(326,512)		(626,997)		(579,669)
Other non-operating income		20		221,581		1,922,940		598,130		2,160,880
Other non-operating expenses		20		(263,918)		(573,720)		(954,788)		(831,969)
Profit (loss) before income tax				(286,113)		963,825		(887,098)		633,436
Income tax benefit (expense)				14,967		(114,392)		(29,563)		(148,596)
Profit (loss) for the period				(271,146)		849,433		(916,661)		484,840
Other comprehensive income (loss)
Items that will not be reclassified to profit or loss
Remeasurements of net defined benefit liabilities				27,299		549		23,403		675
Other comprehensive income (loss) for the period, net of income tax				27,299		549		23,403		675
Total comprehensive income (loss) for the period			W	(243,847)		849,982		(893,258)		485,515
Earnings (loss) per share (in won)
Basic earnings (loss) per share		22	W	(542)		1,699		(1,833)		970
Diluted earnings (loss) per share		22	W	(542)		1,699		(1,833)		970
See accompanying notes to the condensed separate interim financial statements.

4

LG DISPLAY CO., LTD.
Separate Interim Statements of Changes in Equity
For the six-month periods ended June 30, 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 income for the period
Profit for the period		-		-		484,840		-		484,840
Other comprehensive income (loss)
Remeasurements of net defined benefit liabilities		-		-		675		-		675
Total comprehensive income for the period	W	-		-		485,515		-		485,515
Balances at June 30, 2025 (Unaudited)	W	2,500,000		2,821,006		(1,039,693)		-		4,281,313
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		-		-		(916,661)		-		(916,661)
Other comprehensive income (loss)
Remeasurements of net defined benefit liabilities		-		-		23,403		-		23,403
Total comprehensive loss for the period	W	-		-		(893,258)		-		(893,258)
Balances at June 30, 2026 (Unaudited)	W	2,500,000		2,821,006		(2,442,559)		-		2,878,447
See accompanying notes to the condensed separate interim financial statements.

5

LG DISPLAY CO., LTD.
Separate Interim Statements of Cash Flows
For the six-month periods ended June 30, 2026 and 2025
(In millions of won)	Note		2026 (unaudited)		2025 (unaudited)
Cash flows from (used in) operating activities:
Cash used in operations	24	W	(803,161)		(314,958)
Income taxes paid			(8,564)		(10,164)
Interest received			4,374		10,566
Interest paid			(219,324)		(266,308)
Cash flows used in operating activities			(1,026,675)		(580,864)
Cash flows from (used in) investing activities:
Dividends received			3,749		102,399
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			9,777		34
Acquisition of investments			(660)		(53,080)
Proceeds from disposal of investments			-		100,500
Proceeds from disposal of assets held for sale			-		1,979,561
Acquisition of property, plant and equipment			(480,481)		(459,757)
Proceeds from disposal of property, plant and equipment			64,795		71,806
Acquisition of intangible assets			(455,927)		(436,093)
Proceeds from disposal of intangible assets			-		1,918
Proceeds from settlement of derivatives			92,254		98,259
Decrease in short-term loans			5,087		11,749
Increase in deposits			(36)		-
Decrease in deposits			1,871		1,800
Cash flows from (used in) investing activities			(761,422)		1,419,096
Cash flows from (used in) financing activities:	24
Proceeds from short-term borrowings			4,568,728		3,269,930
Repayments of short-term borrowings			(3,334,538)		(2,897,576)
Repayments of current portion of bonds			(192,226)		(612,000)
Proceeds from long-term borrowings			1,671,445		1,837,493
Repayments of current portion of long-term borrowings			(852,328)		(2,467,928)
Payment guarantee fee received			2,622		3,512
Payments of lease liabilities			(4,132)		(5,699)
Cash flows from (used in) financing activities			1,859,571		(872,268)
Net increase (decrease) in cash and cash equivalents			71,474		(34,036)
Cash and cash equivalents at January 1			248,729		238,477
Cash and cash equivalents at June 30		W	320,203		204,441

See accompanying notes to the condensed separate interim financial statements.

6

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 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 June 30, 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 June 30, 2026, 500,000,000 shares of the Company's common stock are listed on the Korea Exchange under the identifying code 034220, and 62,663,706 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

June 30, 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. The amendments do not have a significant impact on the financial statements.

-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. The amendments do not have a significant impact on the financial statements.

-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. The amendments are effective for annual periods beginning on or after January 1, 2026, and do not have a significant impact on the financial statements.

8

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

2. Basis of Preparation, Continued

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

The following new and amended accounting standards and interpretations have been issued but are not yet effective and have not been adopted by the Company:

(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.

When the Company prepares its financial statements by applying Korean IFRS 1118, the following material accounting policies are expected to result in significant differences compared to the current financial statements. These items do not include all differences that may arise in the future and may be subject to change based on the results of additional analysis.

[Changes in presentation of income statement]

Korean IFRS 1118 requires all income and expenses in the income statement to be classified into one of five categories: the operating category, investing category, financing category, income taxes category, and discontinued operations category. Under the standard, all income and expenses that are not classified as investing, financing, income tax, or discontinued operations categories are classified in the operating category. Accordingly, the operating category is a residual category, and operating profit or loss is defined as the total of income and expenses classified within that category.

In classifying income and expenses, the Company is required to assess its main business activities. If the Company determines that investing in particular types of assets or providing financing to customers is a main business activity, income and expenses that would otherwise be classified in the investing or financing categories are classified instead in the operating category.

As a consequence, operating profit or loss determined in accordance with Korean IFRS 1118 may differ significantly from operating profit calculated under Korean IFRS 1001, which has generally been defined as revenue less cost of sales and selling, general and administrative expenses. Korean IFRS 1118 requires the Company to disclose, in the notes, the operating profit or loss calculated in accordance with Korean IFRS 1001, together with a reconciliation between that amount and operating profit or loss as defined by Korean IFRS 1118.

In addition, Korean IFRS 1118 requires to present in the income statement the following defined subtotals: ‘operating profit or loss’ comprising all income and expenses classified in the operating category; ‘profit or loss before financing and income taxes’ comprising operating profit or loss and all income and expenses classified in the investing category; and ‘profit or loss’ for the period. However, if providing financing to customers is a main business activity of the Company, the presentation of profit or loss before financing and income taxes may not be required, depending on the accounting policy applied.

9

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

2. Basis of Preparation, Continued

[Introduction of disclosure of management-defined performance measures]

Korean IFRS 1118 introduces requirements for the disclosure of management-defined performance measures (MPMs). MPMs are defined as subtotals of income and expenses that are used by management in public communications outside the financial statements, are used to communicate management’s view of an aspect of the Company’s financial performance, and are not listed in paragraph 118 of Korean IFRS 1118 or otherwise explicitly required to be presented or disclosed by Korean IFRS.

When the Company reports MPMs, it is required to disclose the reasons why such measures provide useful information, how those measures are calculated, and a reconciliation between those measures and the most directly comparable subtotal specified in Korean IFRS 1118. In addition, the Company shall disclose the income tax effect of each reconciling item and the effect of each reconciling item on non-controlling interests.

[Changes in classification of cash flows]

In accordance with the issuance of Korean IFRS 1118, certain amendments have been made to Korean IFRS 1007 Statement of Cash Flows. Under the amendment, when applying the indirect method, the starting point for determining net cash flows from operating activities has been changed from profit or loss for the period to operating profit or loss, and the accounting policy choice regarding the classification of cash flows related to interest and dividends has been eliminated.

Management is reviewing the impact of applying the new standard on the Company’s 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.

10

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Current assets
Cash and cash equivalents
Deposits	W	320,203		248,729
Non-current assets
Deposits in banks
Deposit for checking account	W	11		11

11

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Trade accounts and notes receivable, net	W	3,012,687		3,140,538
Other accounts receivable
Non-trade receivables, net		268,024		140,191
Accrued income, net		22,518		34,017
Subtotal		290,542		174,208
Total	W	3,303,229		3,314,746

(b) The aging of trade accounts and notes receivable and other accounts receivable as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)		June 30, 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	3,001,511		255,400			(48)			(282)
1-15 days past due		8,727		6,861			(2)			(4)
16-30 days past due		4		486			-			-
31-60 days past due		2,414		6,997			-			(5)
More than 60 days past due		81		21,458			-			(369)
Total	W	3,012,737		291,202			(50)			(660)

(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 accounts in respect of trade accounts and notes receivable and other accounts receivable for the six-month periods ended June 30, 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		(130)		(49)		(142)		186
At June 30	W	50		660		220		483

12

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

6. Other Financial Assets

Details of other financial assets as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Current assets
Financial assets at fair value through profit or loss
Derivatives (*)	W	139,533		62,740
Financial assets carried at amortized cost
Deposits	W	3,926		6,515
Short-term loans		517		7,994
Subtotal	W	4,443		14,509
Total	W	143,976		77,249
Non-current assets
Financial assets at fair value through profit or loss
Equity instruments	W	18,386		23,616
Derivatives (*)		147,286		69,247
Subtotal	W	165,672		92,863
Financial assets carried at amortized cost
Deposits	W	1,398		645
Total	W	167,070		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.

13

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

7. Inventories

Details of inventories as of June 30, 2026 and December 31, 2025 are as follows:

(i) As of June 30, 2026

(In millions of won)
		Cost		Valuation allowance		Carrying amount
Finished goods	W	346,562		(22,541)		324,021
Work-in-process		1,398,721		(175,459)		1,223,262
Raw materials		610,683		(26,112)		584,571
Supplies		130,310		(15,349)		114,961
Total	W	2,486,276		(239,461)		2,246,815

(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 six-month periods ended June 30, 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	9,678,755		10,386,082
Inventories recognized as expense		9,684,119		10,427,923
Reversal of write-downs of inventories deducted from cost of sales		(5,364)		(41,841)

14

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

8. Investments

(a)Details of investments in subsidiaries as of June 30, 2026 and December 31, 2025, are as follows:

(In millions of won)						June 30, 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%		96,719		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	3,767,432			W	3,766,772

(*) For the six-month period ended June 30, 2026, the Company contributed W660 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.

15

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

8. Investments, Continued

(b)Details of investments in associates as of June 30, 2026 and December 31, 2025, are as follows:

(In millions of won)
						June 30, 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 six-month periods ended June 30, 2026 and 2025 amounted to W144,910 million and W95,053 million, respectively.

16

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

9. Property, Plant and Equipment

(a) Changes in property, plant and equipment for the six-month periods ended June 30, 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		544,176		313,647
Depreciation		(998,291)		(1,021,695)
Disposals		(32,799)		(88,834)
Reversal (Impairment loss) (*)		(3,784)		1,771
Others		(6)		(412)
Book value as of June 30	W	9,808,080		11,117,813

(*) 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 six-month period ended June 30, 2026, the capitalized borrowing costs amounted to W7,255 million (For the six-month period ended June 30, 2025: W4,420 million), and capitalization rate is 4.47% (For the six-month period ended June 30, 2025: 4.77%).

10. Intangible Assets

Changes in intangible assets for the six-month periods ended June 30, 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		416,339		61,462
Acquisitions by Internal Development		336,490		340,636
Amortization		(345,339)		(367,181)
Disposals		-		(4,067)
Impairment loss (*)		(32,847)		(1,505)
Book value as of June 30	W	1,802,245		1,515,134

(*) 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 six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)		2026		2025
Book value as of January 1	W	18,031		27,911
Depreciation		(342)		(2,550)
Others		3		613
Book value as of June 30	W	17,692		25,974

(b) For the six-month period ended June 30, 2026, rental revenue from investment property is W3,167 million (For the six-month period ended June 30, 2025: W5,114 million) and rental cost is W526 million (For the six-month period ended June 30, 2025: W2,725 million).

17

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

12. Financial Liabilities

(a)Details of financial liabilities as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)		June 30, 2026		December 31, 2025
Current
Short-term borrowings	W	3,626,965		2,195,397
Current portion of long-term borrowings		1,950,148		1,261,745
Current portion of bonds		334,890		398,223
Current portion of payment guarantee liabilities		4,010		4,418
Derivatives (*)		3,834		4,066
Lease liabilities		5,271		6,848
Total	W	5,925,118		3,870,697
Non-current
Long-term borrowings	W	5,153,042		4,853,970
Bonds		-		124,871
Non-current payment guarantee liabilities		3,600		5,029
Derivatives (*)		447		5,487
Lease liabilities		4,212		3,219
Total	W	5,161,301		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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
Lender		Description		Annual interest rate as of June 30, 2026 (%)		June 30, 2026		December 31, 2025
LG Display Singapore Pte. Ltd.		Working Capital		3.73	W	1,849,800		1,721,880
Standard Chartered Bank Korea Limited and others		Working Capital and others		2.40~4.73		1,777,165		473,517
Total					W	3,626,965		2,195,397

18

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

12. Financial Liabilities, Continued

(c)Details of Korean won denominated long-term borrowings as of June 30, 2026 and December 31, 2025 are as follows :

(In millions of won)
Lender		Description		Latest maturity date		Annual interest rate as of June 30, 2026 (%)		June 30, 2026		December 31, 2025
Korea Development Bank and others		Facility capital and others		August 2026~ March 2036		3.46~4.77	W	4,481,227		4,000,423
Less: current portion								(1,387,500)		(1,190,000)
Total							W	3,093,727		2,810,423

(d)Details of foreign currency denominated long-term borrowings as of June 30, 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 June 30, 2026 (%)		June 30, 2026		December 31, 2025
KEB Hana Bank and others		Facility capital and others		September 2026~ March 2029		2.40~6.27	W	2,621,963		2,115,292
Foreign currency equivalent of foreign currency borrowings								USD 1,645		USD 1,420
								CNY 380		CNY 380
Less: current portion								(562,648)		(71,745)
Total							W	2,059,315		2,043,547

19

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

12. Financial Liabilities, Continued

(e)Details of bonds issued and outstanding as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won and USD)
		Maturity		Annual interest rate as of June 30, 2026 (%)		June 30, 2026		December 31, 2025
Korean won denominated bonds at amortized cost (*)
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						(110)		(257)
Less: current portion						(334,890)		(254,872)
Subtotal					W	-		124,871
Foreign currency denominated bonds at amortized cost
Privately issued bonds		-		-	W	-		143,490
Foreign currency equivalent of foreign currency denominated bonds						-		USD 100
Less: discount on bonds					W	-		(139)
Less: foreign currency equivalent of discount on bonds of foreign currency denominated bonds						-		USD (0)
Less: current portion					W	-		(143,351)
Subtotal					W	-		-
Total					W	-		124,871

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

20

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 2026 and December
31, 2025 are as follows:

(In millions of won)		June 30, 2026		December 31, 2025
Present value of defined benefit obligations	W				1,102,852		1,266,838
Fair value of plan assets		(1,281,663)		(1,465,126)
Total	W	(178,811)		(198,288)

ii) Details of plan assets as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Time deposits in banks	W	1,281,663		1,465,126

As of June 30, 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 and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Current service cost	W	26,975		36,367		56,906		72,734
Net interest cost		(2,407)		(1,562)		(4,747)		(3,123)
Total (*)	W	24,568		34,805		52,159		69,611

(*) The total cost related to the defined benefit plans includes capitalized amounts of W4,473 million (for the six-month period ended June 30, 2025: W5,344 million).

21

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 plan for the six-month period ended

June 30, 2026 is W21,982 million (for the six-month period ended June 30, 2025: W14,746 million).

14. Provisions

Changes in provisions for the six-month periods ended June 30, 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		3,769		21,092		11,685		36,546
Usage		(3,489)		(37,984)		(11,759)		(53,232)
At June 30, 2026	W	1,826		118,686		3,706		124,218
Current	W	1,826		72,105		3,706		77,637
Non-current	W	-		46,581		-		46,581

(*) 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		3,537		11,162		5,132		19,831
Usage		(11,016)		(25,640)		(7,421)		(44,077)
At June 30, 2025	W	-		136,916		3,708		140,624
Current	W	-		83,435		3,708		87,143
Non-current	W	-		53,481		-		53,481

(*) 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.

22

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 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 financial institutions for trade receivable related to export sales transactions with its subsidiaries, with a credit limit of up to USD 1,000 million (Equivalent to W1,541,500 million). As of June 30, 2026, the amount of the discounted trade receivables that remain outstanding until maturity under the agreement is USD 461 million (Equivalent to W711,354 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 W547,233 million. As of June 30, 2026, the amount of transferred trade receivables that remain outstanding until maturity under the agreement is W29,990 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.

23

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

15. Contingent Liabilities and Commitments, Continued

Loan commitment

As of June 30, 2026, the Company has borrowing and letter of credit facilities with Hana Bank and other financial institutions with a combined credit limit of W2,686,400 million and with LG Display Singapore Pte. Ltd. for borrowing up to USD 1,200 million (Equivalent to W1,849,800 million).

Payment guarantees

The Company provides payment guarantee to LG Display Vietnam Haiphong Co., Ltd. for the loan principal of USD 813 million (Equivalent to W1,252,469 million).

The Company has received a payment guarantee of W2,617 million from Seoul Guarantee Insurance Co., Ltd. in relation to performance guarantees and others.

License agreements

As of June 30, 2026, the Company has a trademark license agreement with LG Corp. and pays the usage fee according to the terms of the Agreement.

24

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

15. Contingent Liabilities and Commitments, Continued

Collateral

Details of the collateral provided by the Company as of June 30, 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		208,812		780,000		Korea Development Bank and others		650,000

Commitments for asset acquisition

The amount committed to acquire property, plant and equipment and intangible assets not recognized on the financial statements as of June 30, 2026 is W726,108 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 six-month period ended June 30, 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 six-month period ended June 30, 2026.

25

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

17. Revenue

Details of revenue for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Sales of goods	W	5,327,056		5,083,648		10,541,280		10,660,833
Others (*)		51,224		53,988		65,527		96,869
Total	W	5,378,280		5,137,636		10,606,807		10,757,702

(*) Others include royalties and rental revenue.

For the six-month period ended June 30, 2026, the revenue recognized by satisfying performance obligation for the amount received from the customer in prior reporting periods is W17,547 million (For the six-month period ended June 30, 2025 : W1,103,787 million).

26

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

18. The Nature of Expenses

The classifications of expenses by nature for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Changes in inventories	W	(275,381)		17,645		(453,305)		(200,843)
Purchases of raw materials and others		1,973,046		1,926,122		3,843,068		4,303,490
Depreciation and amortization		650,861		673,477		1,317,368		1,365,669
Outsourcing		1,673,663		1,574,097		3,324,044		3,293,705
Labor		854,514		618,886		1,492,564		1,236,442
Supplies and others		174,135		158,880		333,537		316,135
Utility		238,033		250,680		481,286		507,294
Fees and commissions		98,125		88,282		193,127		179,316
Freight cost		16,191		13,414		28,615		25,427
Advertising		13,749		13,027		26,484		26,825
Travel		9,070		10,075		16,989		18,968
Taxes and dues		15,940		16,175		34,231		34,272
Others		171,556		158,106		305,073		321,189
Total (*)	W	5,613,502		5,518,866		10,943,081		11,427,889

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

27

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

19. Selling and Administrative Expenses

Details of selling and administrative expenses for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Salaries	W	289,045		53,687		345,321		109,711
Post-employment benefit		4,602		5,974		9,556		11,991
Other employee benefits		10,148		10,905		21,403		22,900
Freight cost		6,271		5,210		11,338		8,898
Fees and commissions		38,871		31,661		76,711		65,180
Depreciation and amortization		27,279		32,215		54,551		63,980
Taxes and dues		1,354		1,310		2,641		2,508
Advertising		13,749		13,027		26,484		26,825
Insurance		2,514		2,570		4,848		5,044
Travel		1,917		2,091		3,998		3,850
Training		1,421		1,534		4,442		4,490
Others		32,025		11,482		44,417		33,459
Total	W	429,196		171,666		605,710		358,836

28

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Foreign currency gain	W	164,615		907,296		526,372		1,143,121
Gain on disposal of assets held for sale		-		971,905		-		971,905
Gain on disposal of property, plant and equipment		53,329		4,281		64,191		5,333
Others		3,637		39,458		7,567		40,521
Total	W	221,581		1,922,940		598,130		2,160,880

(b) Details of other non-operating expenses for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Foreign currency loss	W	218,027		556,758		882,755		800,522
Loss on disposal of property, plant and equipment		16,588		9,006		31,327		21,868
Impairment loss on property, plant and equipment		2,911		-		3,784		647
Impairment loss on intangible assets		26,243		1,052		32,847		1,505
Others		149		6,904		4,075		7,427
Total	W	263,918		573,720		954,788		831,969

29

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 and six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Finance income
Interest income	W	2,000		3,815		4,228		10,445
Dividend income		141,829		267		145,244		95,320
Foreign currency gain		5,427		282,894		14,914		343,380
Gain on transaction of derivatives		54,834		33,989		92,254		99,639
Gain on valuation of derivatives		12,041		(737)		161,457		845
Gain on valuation of financial assets at fair value through profit or loss		7,737		784		10,173		1,676
Others		3,094		1,335		4,561		3,076
Total	W	226,962		322,347		432,831		554,381
Finance costs
Interest expense	W	123,490		128,304		238,070		273,874
Foreign currency loss		114,304		(31,382)		377,919		17,979
Loss on sale of trade accounts and notes receivables		51		47		137		47
Loss on valuation of derivatives		(8,669)		225,650		1,354		281,238
Loss on valuation of financial assets at fair value through profit or loss		6,340		1,195		9,269		2,012
Others		-		2,698		248		4,519
Total	W	235,516		326,512		626,997		579,669

30

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

22. Earnings (Loss) Per Share

(a) Basic earnings (loss) per share for the three-month and six-month periods ended June 30, 2026 and 2025 are as follows:

(In won and number of shares)
		For the three-month periods ended June 30				For the six-month periods ended June 30
		2026		2025		2026		2025
Profit (Loss) for the period	W	(271,146,903,784)		849,433,006,974		(916,660,795,801)		484,839,540,363
Weighted-average number of common shares outstanding		500,000,000		500,000,000		500,000,000		500,000,000
Basic earnings (loss) per share	W	(542)		1,699		(1,833)		970

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

31

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 foreign currency cash inflows and outflows. 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 900 million (December 31, 2025: USD 580 million) and CNY 1,680 million (December 31, 2025: CNY 380 million) were entered into to manage currency risk with respect to foreign currency denominated borrowings and USD 745 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.

A weaker won, as indicated below, against the following currencies which comprise the Company’s financial assets or liabilities denominated in a foreign currency as of June 30, 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 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)			June 30, 2026			December 31, 2025
USD (5 percent weakening)	W		(389,295)	W		(349,389)
JPY (5 percent weakening)			(4,610)			(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.

32

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 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 745 million (Equivalent to W1,148,418 million) and interest rate swap contracts amounting to USD 400 million (Equivalent to W616,600 million) and W2,005,000 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 June 30, 2026 and December 31, 2025 is as follows:

(In millions of won)		June 30, 2026		December 31, 2025
Fixed rate instruments
Financial assets	W	320,203		248,729
Financial liabilities		(3,369,054)		(2,010,142)
Total	W	(3,048,851)		(1,761,413)
Variable rate instruments
Financial liabilities	W	(7,695,991)		(6,824,064)

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

As of June 30, 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
June 30, 2026
Variable rate instruments	W		(76,998)		76,998
December 31, 2025
Variable rate instruments	W		(68,241)		68,241

33

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)
		June 30, 2026		December 31, 2025
Financial assets carried at amortized cost
Cash equivalents	W	320,203		248,729
Deposits in banks		11		11
Trade accounts and notes receivable, net		3,012,687		3,140,538
Non-trade receivables, net		268,024		140,191
Accrued income, net		22,518		34,017
Deposits		5,324		7,160
Loans		517		7,994
Subtotal	W	3,629,284		3,578,640
Financial assets at fair value through profit or loss
Derivatives		286,819		131,987
Total	W	3,916,103		3,710,627

34

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

In addition to the financial assets above, as of June 30, 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 813 million (W1,252,469 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.

35

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025.

i) As of June 30, 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	10,730,155		11,369,684		2,428,121		3,544,654		4,594,906		566,152		235,851
Bonds		334,890		339,893		213,750		126,143		-		-		-
Trade accounts and notes payable(*1)		8,704,285		8,704,285		8,704,285		-		-		-		-
Other accounts payable(*1)		1,181,374		1,185,312		1,103,796		81,516		-		-		-
Long-term other accounts payable		459,119		515,858		-		-		147,388		368,470		-
Payment guarantee(*2)		7,610		1,252,469		1,252,469		-		-		-		-
Security deposits received		139,188		146,084		3,459		1,300		141,299		26		-
Lease liabilities		9,483		10,004		4,225		1,313		2,239		2,020		207
Derivative financial liabilities
Derivatives	W	4,281		5,134		4,640		393		101		-		-
Cash outflow		-		1,639,128		779,159		316,294		543,675		-		-
Cash inflow		-		(1,633,994)		(774,519)		(315,901)		(543,574)		-		-
Total	W	21,570,385		23,528,723		13,714,745		3,755,319		4,885,933		936,668		236,058

(*1) As of June 30, 2026, it includes W677,304 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.

36

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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.

37

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 the date on which the 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 finance arrangement as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)		June 30, 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	483,111		187,035		474,781		219,697
Electronic Trade Receivable-Secured Loan (*2)	W	89,884		136,630		53,667		142,872
Liabilities under supplier finance arrangement of which the supplier has received payment from the finance provider
Purchase card (*1)	W	483,111		187,035		474,781		219,697
Electronic Trade Receivable-Secured Loan (*2)	W	33,486		11,607		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 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 accounts payable and presented as operating and investing activities in the cash flow statement.

(*2) The Company enters into supplier finance arrangements 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 accounts receivable 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 accounts payable because the supplier finance arrangements do not result in a substantive reduction of the Company’s payment obligation or a change in payment terms.

38

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

The range of payment due dates as of June 30, 2026 and December 31, 2025 are as follows:

		June 30, 2026		December 31, 2025
Liabilities under supplier finance arrangement
Purchase card		90~115days		91~205days
Electronic Trade Receivable-Secured Loan		11~123days		45~123days
Trade accounts and notes payable not covered by the supplier finance arrangement		5~123days		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. Liability 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)
		June 30, 2026		December 31, 2025
Total liabilities	W	22,483,505		21,039,417
Total equity		2,878,447		3,771,705
Cash and cash equivalents		320,203		248,729
Borrowings (including bonds)		11,065,045		8,834,206
Total liabilities to equity ratio		781%		558%
Net borrowings to equity ratio (*)		373%		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.

39

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)		June 30, 2026				December 31, 2025
		Carrying amounts		Fair values		Carrying amounts		Fair values
Financial assets carried at amortized cost
Cash and cash equivalents	W	320,203		(*1)		248,729		(*1)
Deposits in banks		11		(*1)		11		(*1)
Trade accounts and notes receivable, net		3,012,687		(*1)		3,140,538		(*1)
Non-trade receivables, net		268,024		(*1)		140,191		(*1)
Accrued income, net		22,518		(*1)		34,017		(*1)
Deposits		5,324		(*1)		7,160		(*1)
Loans		517		(*1)		7,994		(*1)
Financial assets at fair value through profit or loss
Equity instruments	W	18,386		18,386		23,616		23,616
Derivatives		286,819		286,819		131,987		131,987
Financial liabilities carried at amortized cost
Borrowings	W	10,730,155		10,772,933		8,311,112		8,340,819
Bonds		334,890		334,524		523,094		523,500
Trade accounts and notes payable		8,704,285		(*1)		9,711,618		(*1)
Other accounts payable		1,640,493		(*1)		1,370,461		(*1)
Security deposits received		139,188		(*1)		138,380		(*1)
Financial liabilities at fair value through profit or loss
Derivatives	W	4,281		4,281		9,553		9,553
Other financial liabilities
Payment guarantee liabilities		7,610		(*1)		9,447		(*1)
Lease liabilities	W	9,483		(*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'.

40

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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.

41

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

23. 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)			June 30, 2026						Total
Classification			Level 1		Level 2		Level 3
	Financial assets at fair value through profit or loss
	Equity instruments	W	13,927		-		4,459		18,386
	Derivatives		-		286,819		-		286,819
	Financial liabilities at fair value through profit or loss
	Derivatives	W	-		4,281		-		4,281

(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

42

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

23. Financial Risk Management, Continued

The valuation techniques and inputs for assets and liabilities measured at fair value that are classified as Level 2 and Level 3 within the fair value hierarchy as of June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)

June 30, 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

286,819

-

131,987

-

Discounted cash flow

Discount rate and Exchange rate

Financial liabilities at fair value through profit or loss

Derivatives

W

4,281

-

9,553

-

Discounted cash flow

Discount rate and Exchange rate

43

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 2026 and December 31, 2025 are as follows:

(In millions of won)			June 30, 2026						Valuation technique		Input
Classification			Level 1		Level 2		Level 3
Liabilities
	Borrowings	W	-		-		10,772,933		Discounted cash flow		Discount rate
	Bonds		-		-		334,524		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 June 30, 2026 and December 31, 2025 are as follows:

		June 30, 2026		December 31, 2025
Borrowings, bonds and others		3.78%~5.05%		3.32%~3.90%

v) There is no transfer between Level 1, Level 2 and Level 3 for the six-month periods ended June 30, 2026 and 2025, and the changes in financial assets classified as Level 3 of fair value measurements for the six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
Classification		January 1, 2026		Acquisition		June 30, 2026
Equity instruments	W	2,608		1,851		4,459

(In millions of won)
Classification		January 1, 2025		Valuation		June 30, 2025
Equity instruments	W	3,180		-		3,180

44

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

24. Cash flow information

(a) Details of cash flows generated from operations for the six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Profit (loss) for the period	W	(916,661)		484,840
Adjustments for:	W
Income tax expense		29,563		148,596
Depreciation and amortization (Note 18)		1,317,368		1,365,669
Gain on foreign currency translation		(120,273)		(444,570)
Loss on foreign currency translation		402,513		146,045
Post-employment benefit (Note 13)		47,686		69,611
Gain on disposal of property, plant and equipment		(64,191)		(5,333)
Loss on disposal of property, plant and equipment		31,327		21,868
Impairment loss on property, plant and equipment		3,784		647
Reversal of impairment loss on property, plant and equipment		-		(2,418)
Gain on disposal of intangible assets		-		(1,592)
Impairment loss on intangible assets		32,847		1,505
Expense on increase of provisions		36,546		19,831
Finance income		(418,049)		(616,001)
Finance costs		617,802		559,378
Gain on disposal of assets held for sale		-		(971,905)
Others		77		(32,838)
Changes in:	W
Trade accounts and notes receivable		232,139		791,343
Other accounts receivable		21,659		82,132
Inventories		(453,305)		(200,843)
Other current assets		(41,736)		(20,151)
Other non-current assets		(8,737)		(7,597)
Proceeds from settlement of derivatives		-		79,881
Trade accounts and notes payable		(1,351,206)		(1,845,970)
Other accounts payable		(113,294)		182,820
Accrued expenses		(100,411)		(37,532)
Provisions		(53,322)		(45,154)
Advances received		10,723		(91,627)
Other current liabilities		107		1,259
Defined benefit liabilities (assets), net		(6,386)		14,285
Other non-current liabilities		60,269		38,863
Cash used in operations	W	(803,161)		(314,958)

45

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

24. Cash flow information, Continued

(b) Changes in liabilities arising from financing activities for the six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
						Non-cash transactions
		January 1, 2026		Cash flows from (used in) financing activities		Gain or loss on foreign currency translation			Interest expense		Others		June 30, 2026
Short-term borrowings	W	2,195,397		1,234,190		197,378			-		-		3,626,965
Payment guarantee liabilities		9,447		2,622		-			-		(4,459)		7,610
Long-term borrowings		6,115,715		819,117		167,534			824		-		7,103,190
Bonds		523,094		(192,226)		3,822			200		-		334,890
Security deposits received		138,380		-							808		139,188
Lease liabilities		10,067		(4,132)		-			-		3,548		9,483
Total	W	8,992,100		1,859,571		368,734			1,024		(103)		11,221,326

(In millions of won)
						Non-cash transactions
		January 1, 2025		Cash flows from (used in) financing activities		Gain or loss on foreign currency translation			Interest expense		Others		June  30, 2025
Short-term borrowings	W	2,454,295		372,354		(191,123)			-		-		2,635,526
Payment guarantee liabilities		15,770		3,512		-			-		(7,775)		11,507
Long-term borrowings		6,550,072		(630,435)		(122,636)			2,129		-		5,799,130
Bonds		1,137,839		(612,000)		(11,338)			457		-		514,958
Security deposits received		160,710		-		-			-		5,288		165,998
Lease liabilities		6,534		(5,699)		-			-		10,162		10,997
Total	W	10,325,220		(872,268)		(325,097)			2,586		7,675		9,138,116

46

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

25. Related Parties and Others

(a) Related parties

Details of related parties as of June 30, 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.

47

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(b) Details of major transactions with related parties for the six-month periods ended June 30, 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	6,476,265		-		-		7,578
LG Display Japan Co., Ltd.		283,208		-		-		65
LG Display Germany GmbH		565,940		-		-		3,968
LG Display Taiwan Co., Ltd.		1,150,965		-		-		1,579
LG Display Nanjing Co., Ltd.		16,504		-		1,946		751,431
LG Display Shanghai Co., Ltd.		215,324		-		-		237
LG Display Shenzhen Co., Ltd.		76,853		-		-		-
LG Display Yantai Co., Ltd.		-		141,495		160		2,386
LG Display Singapore Pte. Ltd.		948,754		-		-		34,180
L&T Display Technology (Fujian) Limited		57,718		-		-		6
Nanumnuri Co., Ltd.		222		-		-		16,625
LG Display Guangzhou Trading Co., Ltd.		114,996		-		-		-
LG Display Vietnam Haiphong Co., Ltd.		46,600		-		43,107		1,556,143
Suzhou Lehui Display Co., Ltd.		3,184		-		13		-
LG Display High-Tech (China) Co., Ltd.		13,611		-		578,095		393,089

48

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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		121,568		4,621
Material Science Co., Ltd.		-		-		78		3,712
Entity that has significant influence over the Company
LG Electronics Inc.	W	171,624		-		5,930		60,640

49

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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	13,920		-		-		39
LG Electronics Vietnam Haiphong Co., Ltd.		160,210		-		-		1,311
LG Electronics Reynosa S.A. DE C.V.		-		-		-		325
LG Electronics do Brasil Ltda.		3,219		-		-		26
LG Electronics Egypt S.A.E		6,880		-		-		4
LG Innotek Co., Ltd.		4,644		-		1		64,675
P.T. LG Electronics Indonesia		3,068		-		-		286
Others		2		-		-		13,200
Total	W	10,333,711		144,910		750,898		2,916,126

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

50

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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(*1)
Subsidiaries
LG Display America, Inc.	W	6,326,371		-		-		2,495
LG Display Japan Co., Ltd.		412,074		-		-		4
LG Display Germany GmbH		608,424		-		-		14,323
LG Display Taiwan Co., Ltd.		1,144,005		-		-		1,222
LG Display Nanjing Co., Ltd.		47,925		-		661,369		3,974
LG Display Shanghai Co., Ltd.		237,989		-		-		232
LG Display Guangzhou Co., Ltd. (*2)		3,578		93,389		47,666		58,480
LG Display Shenzhen Co., Ltd.		136,412		-		-		-
LG Display Yantai Co., Ltd.		10		-		113,979		3,270
LG Display (China) Co., Ltd. (*2)		968		-		357,672		56
LG Display Singapore Pte. Ltd.		774,714		-		-		24,615
L&T Display Technology (Fujian) Limited		78,404		-		-		57
Nanumnuri Co., Ltd.		153		-		-		12,429
LG Display Guangzhou Trading Co., Ltd.		181,045		-		-		-
LG Display Vietnam Haiphong Co., Ltd.		36,326		-		1,463,367		30,059
Suzhou Lehui Display Co., Ltd.		40,209		-		1,930		-
LG Display High-Tech (China) Co., Ltd.		3,749		-		1,303,081		7,159

51

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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(*1)
Associates
Paju Electric Glass Co., Ltd.		-		1,664		129,044		6,560
Material Science Co., Ltd.		-		-		203		-
Entity that has significant influence over the Company
LG Electronics Inc.	W	134,103		-		5,009		95,392

52

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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(*1)
Subsidiaries of the entity that has significant influence over the Company
LG Electronics India Pvt. Ltd.	W	16,900		-		-		39
LG Electronics Vietnam Haiphong Co., Ltd.		102,683		-		-		935
LG Electronics Reynosa S.A. DE C.V.		10,526		-		-		700
LG Electronics do Brasil Ltda.		4,403		-		-		55
LG Electronics Egypt S.A.E		6,319		-		-		6
LG Innotek Co., Ltd.		4,011		-		1		36,789
P.T. LG Electronics Indonesia		11,499		-		-		418
Others		6		-		-		10,134
Total	W	10,322,806		95,053		4,083,321		309,403

(*1) 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.

(*2) As of April 1, 2025, the sale of 51% of LG Display (China) Co., Ltd. and 100% of LG Display Guangzhou Co., Ltd. was completed, reflected in the transaction value in the six-month period ended June 30, 2025.

53

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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 June 30, 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
		June 30, 2026		December 31, 2025		June 30, 2026		December 31, 2025
Subsidiaries
LG Display America, Inc.	W	337,585		1,391,967		1,074		929
LG Display Japan Co., Ltd.		158,065		168,299		53		14
LG Display Germany GmbH		279,980		299,107		2,714		635
LG Display Taiwan Co., Ltd.		655,529		501,455		75		830
LG Display Nanjing Co., Ltd.		8		35		3,165,452		3,145,150
LG Display Shanghai Co., Ltd.		107,779		85,207		24		39
LG Display Guangzhou Trading Co., Ltd.		42,288		63,467		-		-
LG Display Shenzhen Co., Ltd.		30,677		16,368		-		-
LG Display Yantai Co., Ltd.		134,420		-		6,629		107,877
LG Display Singapore Pte. Ltd.(*1)		239,562		335,673		1,850,033		1,722,118
L&T Display Technology (Fujian) Limited		20,903		26,406		88,838		92,078
Nanumnuri Co., Ltd.		25		125		3,776		3,492
LG Display Vietnam Haiphong Co., Ltd.		9,441		12,123		2,030,362		1,535,441
Suzhou Lehui Display Co., Ltd.		-		1,288		13		13
LG Display High-Tech (China) Co., Ltd.		98,726		34,596		1,446,234		2,686,382

54

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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
		June 30, 2026		December 31, 2025		June 30, 2026		December 31, 2025
Associates
Paju Electric Glass Co., Ltd.	W	-		-		46,278		62,277
Material Science Co., Ltd.		-		-		993		385
Entity that has significant influence over the Company
LG Electronics Inc.	W	112,299		92,905		26,167		27,416

55

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 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
		June 30, 2026		December 31, 2025		June 30, 2026		December 31, 2025
Subsidiaries of the entity that has significant influence over the Company
LG Innotek Co., Ltd.(*2)	W	21		2,025		186,985		167,695
P.T. LG Electronics Indonesia		75		1,182		3		36
LG Electronics Reynosa S.A. DE C.V.		-		-		-		-
LG Electronics India Pvt. Ltd.		5,401		2,441		-		-
LG Electronics Vietnam Haiphong Co., Ltd.		39,682		21,735		5		12
LG Electronics do Brasil Ltda.		752		1,128		-		1
LG Electronics Egypt S.A.E		1,367		1,288		-		3
Others		4		4		5,444		3,503
Total	W	2,274,589		3,058,824		8,861,152		9,556,326

(*1) Trade accounts and notes payable and others for LG Display Singapore Pte. Ltd. as of June 30, 2026 include borrowings of USD 1,200 million (W1,849,800 million), and as of December 31, 2025 includes borrowings of USD 1,200 million (W1,721,880 million).

(*2) Trade accounts and notes payable and others for LG Innotek Co., Ltd. includes deposits received from lease agreement of W139,500 million as of June 30, 2026 and December 31, 2025.

56

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(d) Details of significant financial transactions with related parties and others for the six-month periods ended June 30, 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 June 30, 2026, the borrowing agreement with LG Display Singapore Pte. Ltd. is valid with a limit of USD 1,200 million (W1,849,800 million), of which USD 1,200 million (W1,849,800 million) has been executed and is included in short-term borrowings.

For the six-month period ended June 30, 2026, the Company contributed W660 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	1,719,552		2,117,523
Entity that has significant influence over the Company	LG Electronics Inc.	W	-		1,000,000

(*) As of June 30, 2025, the borrowing agreement with LG Display Singapore Pte. Ltd. is valid with a limit of USD 1,200 million (W1,627,680 million), of which USD 1,200 million (W1,627,680 million) has been executed and is included in short-term borrowings.

For the six-month period ended June 30, 2025, the Company contributed W1,450 million in cash for the capital increase of LG DISPLAY FUND I LLC and decreased by W100,500 million as a result of acquisition and disposal of Money Market Trust in addition to the above transactions.

57

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(e) Large Enterprise Group Transactions

Although the following entities are not included in the scope of related parties under Korean IFRS 1024 Related Party Disclosures, details of significant transactions with companies belonging to the same large enterprise group under the Monopoly Regulation and Fair Trade Act and their subsidiaries, and the related receivables and payables, are as follows:

(In millions of won)		For the six-month period ended June 30, 2026				June 30, 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	86		1,101		95		172
LG Chem Ltd. and its subsidiaries		136		120,851		61		44,430
D&O Corp. and its subsidiaries		131		5,159		149		1,267
LG Corp.(*)		-		25,102		7,226		-
LG Management Development Institute		-		22,571		3		626
LG CNS Co., Ltd. and its subsidiaries		-		83,501		4		35,349
HSAD Inc. and its subsidiaries		-		374		-		47
Robostar Co., Ltd.		-		20		-		17
Total	W	353		258,679		7,538		81,908

(*) According to the lease agreement signed with LG Corp., the recognized lease liabilities as of June 30, 2026 are W2,327 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 six-month period ended June 30, 2026 is W2,355 million.

58

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(In millions of won)		For the six-month period ended June 30, 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	-		1,184		-		163
LG Chem Ltd. and its subsidiaries		203		135,468		33		39,943
D&O Corp. and its subsidiaries		129		4,081		-		3,942
LG Corp. (*)		-		27,077		6,911		12
LG Management Development Institute		-		22,578		3		386
LG CNS Co., Ltd. and its subsidiaries		-		75,909		4		88,383
HSAD Inc. and its subsidiaries		-		621		-		127
Robostar Co., Ltd.		-		18		-		17
Total	W	332		266,936		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 six-month period ended June 30, 2025 is W3,453 million.

59

LG DISPLAY CO., LTD.

Notes to the Condensed Separate Interim Financial Statements

June 30, 2026 and 2025 (Unaudited)

25. Related Parties and Others, Continued

(f) Key management personnel compensation

Details of compensation costs of key management for the six-month periods ended June 30, 2026 and 2025 are as follows:

(In millions of won)
		2026		2025
Short-term benefits	W	2,169		1,216
Post-employment benefit		193		393
Total	W	2,362		1,609

Key management personnel are the Company’s registered directors who have significant authority and responsibility for planning, directing and controlling the activities of the Company.

(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.

60

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: August 14, 2026 By: /s/ Kyu Dong Kim__________________

(Signature)

Name: Kyu Dong Kim

Title: Vice President / Finance & Risk Management Division