[6-K] LG Display Co. Ltd. Current Report (Foreign Issuer)
LG Display (NYSE: LPL) reported mixed Q2-25 results in its Form 6-K. Revenue fell 8% QoQ and 17% YoY to KRW 5.587 trn as seasonally weak demand and the strategic exit from LCD TV panels weighed on sales. Operating performance deteriorated, swinging to a KRW 116 bn loss from a KRW 34 bn profit in Q1-25 and widening slightly versus the KRW 94 bn loss a year earlier. EBITDA slipped 14% QoQ to KRW 1.054 trn.
Bottom line benefited from non-operating items. Net income turned positive at KRW 891 bn (vs. –KRW 237 bn in Q1) mainly on FX gains and the sale of a stake in the Guangzhou LCD plant, driving income before tax to KRW 992 bn.
Business mix continues to shift toward OLED. OLED products accounted for 56% of revenue (+4 ppt YoY). IT panels (monitors, laptops, tablets) contributed 42%, TVs 20%, mobile 28%, and automotive 10%. Management reiterated a “full-year turnaround” target, citing cost innovation, operational efficiency, and expanding premium OLED lines—Tandem OLED for mobile and 4th-gen Primary RGB Tandem OLED for TVs and gaming.
First-half revenue was KRW 11.652 trn (-3% YoY) with a cumulative operating loss of KRW 82.6 bn, a KRW 480 bn improvement YoY. The company aims for stronger H2 results and faster deleveraging through early loan repayments.
LG Display (NYSE: LPL) ha riportato risultati contrastanti nel secondo trimestre 2025 nel suo modulo 6-K. Il fatturato è diminuito dell'8% rispetto al trimestre precedente e del 17% su base annua, attestandosi a 5,587 trilioni di KRW, a causa della domanda stagionalmente debole e dell'uscita strategica dai pannelli LCD per TV che hanno pesato sulle vendite. La performance operativa è peggiorata, passando da un utile di 34 miliardi di KRW nel primo trimestre 2025 a una perdita di 116 miliardi di KRW, leggermente più ampia rispetto alla perdita di 94 miliardi di KRW dell'anno precedente. L'EBITDA è sceso del 14% trimestre su trimestre, raggiungendo 1,054 trilioni di KRW.
Il risultato netto ha beneficiato di voci non operative. L'utile netto è tornato positivo a 891 miliardi di KRW (contro una perdita di 237 miliardi di KRW nel primo trimestre), principalmente grazie a guadagni da cambio e alla vendita di una quota dello stabilimento LCD di Guangzhou, portando l'utile ante imposte a 992 miliardi di KRW.
Il mix di prodotti continua a spostarsi verso l'OLED. I prodotti OLED hanno rappresentato il 56% del fatturato (+4 punti percentuali su base annua). I pannelli IT (monitor, laptop, tablet) hanno contribuito per il 42%, i TV per il 20%, i dispositivi mobili per il 28% e l'automotive per il 10%. Il management ha ribadito l'obiettivo di un "rimbalzo nell'arco dell'anno", citando innovazione nei costi, efficienza operativa e l'espansione delle linee OLED premium—Tandem OLED per il mobile e la 4ª generazione di Primary RGB Tandem OLED per TV e gaming.
Il fatturato del primo semestre è stato di 11,652 trilioni di KRW (-3% su base annua) con una perdita operativa cumulativa di 82,6 miliardi di KRW, un miglioramento di 480 miliardi di KRW rispetto all'anno precedente. La società punta a risultati più solidi nella seconda metà dell'anno e a un deleveraging più rapido tramite rimborsi anticipati dei prestiti.
LG Display (NYSE: LPL) reportó resultados mixtos en el segundo trimestre de 2025 en su formulario 6-K. Los ingresos cayeron un 8% respecto al trimestre anterior y un 17% interanual, alcanzando los 5.587 billones de KRW, debido a la demanda estacionalmente débil y la salida estratégica de paneles LCD para televisores que afectaron las ventas. El desempeño operativo se deterioró, pasando de una ganancia de 34 mil millones de KRW en el primer trimestre de 2025 a una pérdida de 116 mil millones de KRW, ampliándose ligeramente en comparación con la pérdida de 94 mil millones de KRW del año anterior. El EBITDA disminuyó un 14% trimestre a trimestre, llegando a 1.054 billones de KRW.
El resultado final se benefició de partidas no operativas. La utilidad neta se volvió positiva en 891 mil millones de KRW (frente a una pérdida de 237 mil millones en el primer trimestre), principalmente por ganancias cambiarias y la venta de una participación en la planta LCD de Guangzhou, impulsando la utilidad antes de impuestos a 992 mil millones de KRW.
La mezcla de negocios continúa desplazándose hacia OLED. Los productos OLED representaron el 56% de los ingresos (+4 puntos porcentuales interanuales). Los paneles IT (monitores, laptops, tablets) contribuyeron con el 42%, televisores con el 20%, móviles con el 28% y automotriz con el 10%. La dirección reiteró el objetivo de un "cambio de rumbo en todo el año", citando innovación en costos, eficiencia operativa y expansión de líneas OLED premium—Tandem OLED para móviles y OLED Primary RGB Tandem de 4ª generación para televisores y gaming.
Los ingresos del primer semestre fueron de 11.652 billones de KRW (-3% interanual) con una pérdida operativa acumulada de 82,6 mil millones de KRW, una mejora de 480 mil millones de KRW respecto al año anterior. La compañía apunta a resultados más sólidos en la segunda mitad y a una reducción de deuda más rápida mediante pagos anticipados de préstamos.
LG디스플레이(NYSE: LPL)는 2025년 2분기 실적을 Form 6-K를 통해 발표했습니다. 매출은 계절적 수요 감소와 LCD TV 패널 전략적 철수 영향으로 전분기 대비 8%, 전년 대비 17% 감소한 5조 5,870억 원을 기록했습니다. 영업 실적은 악화되어 2025년 1분기 340억 원 흑자에서 1,160억 원 적자로 전환되었으며, 전년 동기 940억 원 적자 대비 소폭 확대되었습니다. EBITDA는 전분기 대비 14% 감소한 1조 540억 원을 기록했습니다.
순이익은 영업 외 항목의 영향으로 개선되었습니다. 순이익은 1분기 -2,370억 원에서 8,910억 원 흑자로 전환했으며, 이는 주로 외환차익과 광저우 LCD 공장 지분 매각에 따른 것으로, 법인세 차감 전 이익은 9,920억 원에 달했습니다.
사업 구성이 OLED 중심으로 계속 이동하고 있습니다. OLED 제품은 매출의 56%(전년 대비 4%p 증가)를 차지했습니다. IT 패널(모니터, 노트북, 태블릿)은 42%, TV 20%, 모바일 28%, 자동차 10%의 비중을 기록했습니다. 경영진은 비용 혁신, 운영 효율성, 프리미엄 OLED 라인 확대—모바일용 Tandem OLED와 TV 및 게이밍용 4세대 Primary RGB Tandem OLED를 언급하며 "연간 턴어라운드" 목표를 재확인했습니다.
상반기 매출은 11조 6,520억 원(-3% YoY)이며 누적 영업손실은 826억 원으로 전년 대비 4,800억 원 개선되었습니다. 회사는 하반기 실적 개선과 조기 대출 상환을 통한 부채 축소 가속화를 목표로 하고 있습니다.
LG Display (NYSE : LPL) a publié des résultats mitigés pour le deuxième trimestre 2025 dans son formulaire 6-K. Le chiffre d'affaires a chuté de 8 % en glissement trimestriel et de 17 % en glissement annuel, atteignant 5,587 trillions de KRW, en raison d'une demande saisonnièrement faible et de la sortie stratégique des panneaux LCD pour téléviseurs qui ont pesé sur les ventes. La performance opérationnelle s'est détériorée, passant d'un bénéfice de 34 milliards de KRW au premier trimestre 2025 à une perte de 116 milliards de KRW, s'élargissant légèrement par rapport à la perte de 94 milliards de KRW un an plus tôt. L'EBITDA a diminué de 14 % en glissement trimestriel pour s'établir à 1,054 trillion de KRW.
Le résultat net a bénéficié d'éléments non opérationnels. Le bénéfice net est redevenu positif à 891 milliards de KRW (contre une perte de 237 milliards au premier trimestre), principalement grâce à des gains de change et à la vente d'une participation dans l'usine LCD de Guangzhou, portant le résultat avant impôts à 992 milliards de KRW.
Le mix d'activités continue de s'orienter vers l'OLED. Les produits OLED représentaient 56 % du chiffre d'affaires (+4 points de pourcentage en glissement annuel). Les panneaux informatiques (moniteurs, ordinateurs portables, tablettes) ont contribué à hauteur de 42 %, les téléviseurs 20 %, le mobile 28 % et l'automobile 10 %. La direction a réitéré son objectif de « retournement complet sur l'année », citant l'innovation en matière de coûts, l'efficacité opérationnelle et l'expansion des gammes OLED premium — Tandem OLED pour le mobile et OLED Primary RGB Tandem de 4e génération pour les téléviseurs et le gaming.
Le chiffre d'affaires du premier semestre s'est élevé à 11,652 trillions de KRW (-3 % en glissement annuel) avec une perte opérationnelle cumulée de 82,6 milliards de KRW, soit une amélioration de 480 milliards de KRW par rapport à l'année précédente. L'entreprise vise des résultats plus solides au second semestre et un désendettement plus rapide grâce à des remboursements anticipés de prêts.
LG Display (NYSE: LPL) meldete gemischte Ergebnisse für das zweite Quartal 2025 in seinem Formular 6-K. Der Umsatz fiel im Quartalsvergleich um 8 % und im Jahresvergleich um 17 % auf 5,587 Billionen KRW, da die saisonal schwache Nachfrage und der strategische Ausstieg aus LCD-TV-Panels die Verkäufe belasteten. Die operative Leistung verschlechterte sich und wechselte von einem Gewinn von 34 Milliarden KRW im ersten Quartal 2025 zu einem Verlust von 116 Milliarden KRW, was sich gegenüber dem Verlust von 94 Milliarden KRW im Vorjahr leicht ausweitete. Das EBITDA sank im Quartalsvergleich um 14 % auf 1,054 Billionen KRW.
Das Ergebnis profitierte von nicht operativen Posten. Der Nettogewinn wurde positiv mit 891 Milliarden KRW (gegenüber –237 Milliarden KRW im ersten Quartal), hauptsächlich aufgrund von Währungsgewinnen und dem Verkauf eines Anteils am LCD-Werk in Guangzhou, wodurch das Ergebnis vor Steuern 992 Milliarden KRW erreichte.
Das Geschäftsportfolio verlagert sich weiterhin in Richtung OLED. OLED-Produkte machten 56 % des Umsatzes aus (+4 Prozentpunkte im Jahresvergleich). IT-Panels (Monitore, Laptops, Tablets) trugen 42 %, Fernseher 20 %, Mobilgeräte 28 % und Automotive 10 % bei. Das Management bekräftigte das Ziel einer „Jahreswende“ und verwies auf Kosteninnovationen, operative Effizienz und den Ausbau der Premium-OLED-Linien – Tandem OLED für Mobilgeräte und die 4. Generation Primary RGB Tandem OLED für Fernseher und Gaming.
Der Umsatz im ersten Halbjahr betrug 11,652 Billionen KRW (-3 % im Jahresvergleich) mit einem kumulierten operativen Verlust von 82,6 Milliarden KRW, eine Verbesserung von 480 Milliarden KRW gegenüber dem Vorjahr. Das Unternehmen strebt stärkere Ergebnisse im zweiten Halbjahr und eine schnellere Schuldenreduzierung durch vorzeitige Kreditrückzahlungen an.
- Net income turned positive to KRW 891 bn, reversing consecutive quarterly losses.
- OLED revenue share rose to 56%, evidencing progress in strategic realignment toward higher-margin products.
- First-half operating loss narrowed by KRW 480 bn YoY, reflecting cost and efficiency gains.
- Management targets accelerated deleveraging via early loan repayments, improving balance-sheet resilience.
- Revenue declined 17% YoY and 8% QoQ, underscoring persistent demand weakness.
- Operating margin slipped back into loss (-2.1%), highlighting underlying profitability issues.
- EBITDA fell 14% QoQ, indicating softer cash generation despite one-off gains below operating line.
- Mobile shipment drop and LCD exit continue to pressure top-line scale.
Insights
TL;DR: Core ops weak; headline profit driven by one-offs—outlook hinges on OLED ramp.
Revenue contraction and reversion to an operating loss confirm demand softness and transitional friction from the LCD exit. The positive net income stems largely from KRW-wide appreciation and an asset sale, not from operating strength, tempering the perceived turnaround. OLED mix above 50% evidences strategic progress; however, margins must still absorb ramp costs. Guidance for a sharp H2 rebound is plausible if smartphone and IT launches lift volumes, but visibility remains limited. Overall impact: neutral.
TL;DR: OLED leadership intact; cost cuts critical as panel ASPs stay weak.
LG Display is leveraging Tandem OLED and premium gaming panels to differentiate, yet near-term pricing pressure across IT panels persists. The LCD TV withdrawal removes low-margin volume but exaggerates YoY revenue declines. Automotive display share at 10% offers a recurring, high-spec niche. Execution on capacity conversion and supply discipline will dictate whether H2 sees sustainable profitability rather than FX-driven gains.
LG Display (NYSE: LPL) ha riportato risultati contrastanti nel secondo trimestre 2025 nel suo modulo 6-K. Il fatturato è diminuito dell'8% rispetto al trimestre precedente e del 17% su base annua, attestandosi a 5,587 trilioni di KRW, a causa della domanda stagionalmente debole e dell'uscita strategica dai pannelli LCD per TV che hanno pesato sulle vendite. La performance operativa è peggiorata, passando da un utile di 34 miliardi di KRW nel primo trimestre 2025 a una perdita di 116 miliardi di KRW, leggermente più ampia rispetto alla perdita di 94 miliardi di KRW dell'anno precedente. L'EBITDA è sceso del 14% trimestre su trimestre, raggiungendo 1,054 trilioni di KRW.
Il risultato netto ha beneficiato di voci non operative. L'utile netto è tornato positivo a 891 miliardi di KRW (contro una perdita di 237 miliardi di KRW nel primo trimestre), principalmente grazie a guadagni da cambio e alla vendita di una quota dello stabilimento LCD di Guangzhou, portando l'utile ante imposte a 992 miliardi di KRW.
Il mix di prodotti continua a spostarsi verso l'OLED. I prodotti OLED hanno rappresentato il 56% del fatturato (+4 punti percentuali su base annua). I pannelli IT (monitor, laptop, tablet) hanno contribuito per il 42%, i TV per il 20%, i dispositivi mobili per il 28% e l'automotive per il 10%. Il management ha ribadito l'obiettivo di un "rimbalzo nell'arco dell'anno", citando innovazione nei costi, efficienza operativa e l'espansione delle linee OLED premium—Tandem OLED per il mobile e la 4ª generazione di Primary RGB Tandem OLED per TV e gaming.
Il fatturato del primo semestre è stato di 11,652 trilioni di KRW (-3% su base annua) con una perdita operativa cumulativa di 82,6 miliardi di KRW, un miglioramento di 480 miliardi di KRW rispetto all'anno precedente. La società punta a risultati più solidi nella seconda metà dell'anno e a un deleveraging più rapido tramite rimborsi anticipati dei prestiti.
LG Display (NYSE: LPL) reportó resultados mixtos en el segundo trimestre de 2025 en su formulario 6-K. Los ingresos cayeron un 8% respecto al trimestre anterior y un 17% interanual, alcanzando los 5.587 billones de KRW, debido a la demanda estacionalmente débil y la salida estratégica de paneles LCD para televisores que afectaron las ventas. El desempeño operativo se deterioró, pasando de una ganancia de 34 mil millones de KRW en el primer trimestre de 2025 a una pérdida de 116 mil millones de KRW, ampliándose ligeramente en comparación con la pérdida de 94 mil millones de KRW del año anterior. El EBITDA disminuyó un 14% trimestre a trimestre, llegando a 1.054 billones de KRW.
El resultado final se benefició de partidas no operativas. La utilidad neta se volvió positiva en 891 mil millones de KRW (frente a una pérdida de 237 mil millones en el primer trimestre), principalmente por ganancias cambiarias y la venta de una participación en la planta LCD de Guangzhou, impulsando la utilidad antes de impuestos a 992 mil millones de KRW.
La mezcla de negocios continúa desplazándose hacia OLED. Los productos OLED representaron el 56% de los ingresos (+4 puntos porcentuales interanuales). Los paneles IT (monitores, laptops, tablets) contribuyeron con el 42%, televisores con el 20%, móviles con el 28% y automotriz con el 10%. La dirección reiteró el objetivo de un "cambio de rumbo en todo el año", citando innovación en costos, eficiencia operativa y expansión de líneas OLED premium—Tandem OLED para móviles y OLED Primary RGB Tandem de 4ª generación para televisores y gaming.
Los ingresos del primer semestre fueron de 11.652 billones de KRW (-3% interanual) con una pérdida operativa acumulada de 82,6 mil millones de KRW, una mejora de 480 mil millones de KRW respecto al año anterior. La compañía apunta a resultados más sólidos en la segunda mitad y a una reducción de deuda más rápida mediante pagos anticipados de préstamos.
LG디스플레이(NYSE: LPL)는 2025년 2분기 실적을 Form 6-K를 통해 발표했습니다. 매출은 계절적 수요 감소와 LCD TV 패널 전략적 철수 영향으로 전분기 대비 8%, 전년 대비 17% 감소한 5조 5,870억 원을 기록했습니다. 영업 실적은 악화되어 2025년 1분기 340억 원 흑자에서 1,160억 원 적자로 전환되었으며, 전년 동기 940억 원 적자 대비 소폭 확대되었습니다. EBITDA는 전분기 대비 14% 감소한 1조 540억 원을 기록했습니다.
순이익은 영업 외 항목의 영향으로 개선되었습니다. 순이익은 1분기 -2,370억 원에서 8,910억 원 흑자로 전환했으며, 이는 주로 외환차익과 광저우 LCD 공장 지분 매각에 따른 것으로, 법인세 차감 전 이익은 9,920억 원에 달했습니다.
사업 구성이 OLED 중심으로 계속 이동하고 있습니다. OLED 제품은 매출의 56%(전년 대비 4%p 증가)를 차지했습니다. IT 패널(모니터, 노트북, 태블릿)은 42%, TV 20%, 모바일 28%, 자동차 10%의 비중을 기록했습니다. 경영진은 비용 혁신, 운영 효율성, 프리미엄 OLED 라인 확대—모바일용 Tandem OLED와 TV 및 게이밍용 4세대 Primary RGB Tandem OLED를 언급하며 "연간 턴어라운드" 목표를 재확인했습니다.
상반기 매출은 11조 6,520억 원(-3% YoY)이며 누적 영업손실은 826억 원으로 전년 대비 4,800억 원 개선되었습니다. 회사는 하반기 실적 개선과 조기 대출 상환을 통한 부채 축소 가속화를 목표로 하고 있습니다.
LG Display (NYSE : LPL) a publié des résultats mitigés pour le deuxième trimestre 2025 dans son formulaire 6-K. Le chiffre d'affaires a chuté de 8 % en glissement trimestriel et de 17 % en glissement annuel, atteignant 5,587 trillions de KRW, en raison d'une demande saisonnièrement faible et de la sortie stratégique des panneaux LCD pour téléviseurs qui ont pesé sur les ventes. La performance opérationnelle s'est détériorée, passant d'un bénéfice de 34 milliards de KRW au premier trimestre 2025 à une perte de 116 milliards de KRW, s'élargissant légèrement par rapport à la perte de 94 milliards de KRW un an plus tôt. L'EBITDA a diminué de 14 % en glissement trimestriel pour s'établir à 1,054 trillion de KRW.
Le résultat net a bénéficié d'éléments non opérationnels. Le bénéfice net est redevenu positif à 891 milliards de KRW (contre une perte de 237 milliards au premier trimestre), principalement grâce à des gains de change et à la vente d'une participation dans l'usine LCD de Guangzhou, portant le résultat avant impôts à 992 milliards de KRW.
Le mix d'activités continue de s'orienter vers l'OLED. Les produits OLED représentaient 56 % du chiffre d'affaires (+4 points de pourcentage en glissement annuel). Les panneaux informatiques (moniteurs, ordinateurs portables, tablettes) ont contribué à hauteur de 42 %, les téléviseurs 20 %, le mobile 28 % et l'automobile 10 %. La direction a réitéré son objectif de « retournement complet sur l'année », citant l'innovation en matière de coûts, l'efficacité opérationnelle et l'expansion des gammes OLED premium — Tandem OLED pour le mobile et OLED Primary RGB Tandem de 4e génération pour les téléviseurs et le gaming.
Le chiffre d'affaires du premier semestre s'est élevé à 11,652 trillions de KRW (-3 % en glissement annuel) avec une perte opérationnelle cumulée de 82,6 milliards de KRW, soit une amélioration de 480 milliards de KRW par rapport à l'année précédente. L'entreprise vise des résultats plus solides au second semestre et un désendettement plus rapide grâce à des remboursements anticipés de prêts.
LG Display (NYSE: LPL) meldete gemischte Ergebnisse für das zweite Quartal 2025 in seinem Formular 6-K. Der Umsatz fiel im Quartalsvergleich um 8 % und im Jahresvergleich um 17 % auf 5,587 Billionen KRW, da die saisonal schwache Nachfrage und der strategische Ausstieg aus LCD-TV-Panels die Verkäufe belasteten. Die operative Leistung verschlechterte sich und wechselte von einem Gewinn von 34 Milliarden KRW im ersten Quartal 2025 zu einem Verlust von 116 Milliarden KRW, was sich gegenüber dem Verlust von 94 Milliarden KRW im Vorjahr leicht ausweitete. Das EBITDA sank im Quartalsvergleich um 14 % auf 1,054 Billionen KRW.
Das Ergebnis profitierte von nicht operativen Posten. Der Nettogewinn wurde positiv mit 891 Milliarden KRW (gegenüber –237 Milliarden KRW im ersten Quartal), hauptsächlich aufgrund von Währungsgewinnen und dem Verkauf eines Anteils am LCD-Werk in Guangzhou, wodurch das Ergebnis vor Steuern 992 Milliarden KRW erreichte.
Das Geschäftsportfolio verlagert sich weiterhin in Richtung OLED. OLED-Produkte machten 56 % des Umsatzes aus (+4 Prozentpunkte im Jahresvergleich). IT-Panels (Monitore, Laptops, Tablets) trugen 42 %, Fernseher 20 %, Mobilgeräte 28 % und Automotive 10 % bei. Das Management bekräftigte das Ziel einer „Jahreswende“ und verwies auf Kosteninnovationen, operative Effizienz und den Ausbau der Premium-OLED-Linien – Tandem OLED für Mobilgeräte und die 4. Generation Primary RGB Tandem OLED für Fernseher und Gaming.
Der Umsatz im ersten Halbjahr betrug 11,652 Billionen KRW (-3 % im Jahresvergleich) mit einem kumulierten operativen Verlust von 82,6 Milliarden KRW, eine Verbesserung von 480 Milliarden KRW gegenüber dem Vorjahr. Das Unternehmen strebt stärkere Ergebnisse im zweiten Halbjahr und eine schnellere Schuldenreduzierung durch vorzeitige Kreditrückzahlungen an.
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 July 2025
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
Q2 2025 Earnings Results
I. Performance in Q2 2025 – IFRS Consolidated Financial Data
Quarterly Results |
|
|
|
|
(Unit: KRW B) |
Item |
Q2'24 |
Q1'25 |
Q2'25 |
QoQ |
YoY |
Revenues |
6,708 |
6,065 |
5,587 |
-8% |
-17% |
Operating Income |
-94 |
33 |
-116 |
Turned to deficit |
Deficit increased |
Income before Tax |
-433 |
-148 |
992 |
Turned to profit |
Turned to profit |
Net Income |
-471 |
-237 |
891 |
Turned to profit |
Turned to profit |
II. IR Event of Q2 2025 Earnings Results
1. Provider of Information: IR Team
2. Participants: Domestic and International Institutional investors, Individuals,
Analysts, Media, etc.
3. Purpose: To present Q2’25 Earnings Results of LG Display
4. Date & Time: 02:00PM on July 24, 2025 (KST)
5. Venue & Method: Earnings release conference call in Korean/English
- Please refer to the website of LG Display Co., Ltd. at
www.lgdisplay.com/eng
6. Contact Information
Suk Heo, IR Team Leader (82-2-3777-1010)
Jeehae Choi, IR Manager, IR Team (82-2-3777-1010)
III. Remark
LG Display Co., Ltd. at www.lgdisplay.com/eng
Attached: Press Release
LG Display Reports Second Quarter 2025 Results
SEOUL, Korea (Jul. 24, 2025) – LG Display today reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending June 30, 2025.
LG Display recorded KRW 5.587 trillion in revenues and KRW 116 billion in operating loss in the second quarter of 2025.
The company’s first half results were KRW 11.652 trillion in revenues and KRW 82.6 billion in operating loss, a 3% decrease in revenues but a KRW 480.5 billion operating loss improvement compared with the previous year’s first-half results (KRW 11.961 trillion in revenues and KRW 563.1 billion in operating loss).
LG Display is continuing its trajectory toward a full-year performance turnaround, driven by the advancement of its OLED-centered business structure, improvements in cost structure, and enhanced operational efficiency.
With the second quarter being the traditional off-season when demand declines before new product launches in the second half of the year, mobile shipments declined sequentially. Other factors impacting performance included LG Display’s LCD TV business exit, in line with its strategy to advance its OLED-centered business structure, as well as a weaker KRW/USD exchange rate.
Net profit turned positive to KRW 890.8 billion, reflecting improved foreign exchange gains due to exchange rate fluctuations and other gains, including a gain on the sale of a stake in its Guangzhou LCD plant.
TV panels accounted for 20% of revenues in the second quarter, while those for IT devices including monitors, laptops, and tablet PCs accounted for 42%. Panels for mobile and other devices accounted for 28% and automobile panels accounted for 10% of revenues.
OLED products accounted for 56% of LG Display’s total revenues, marking a 4%p increase year-on-year. Backed by its strengthened technological competitiveness in OLED, the company is expanding its business performance. In addition, LG Display is focusing on reinforcing its fundamentals by continuously pursuing cost innovation and operational efficiency.
In its small- and mid-sized OLED business, the company aims to strengthen its competitiveness in the high-end market based on its technology leadership, including Tandem OLED technology, which has excellent durability and performance characteristics such as long lifespan, high brightness, and low power consumption, as well as being able to offer stable smartphone panel supply capabilities.
With regard to its large-sized OLED business, LG Display will solidify its leadership in the premium market with a diverse lineup of OLED panels delivering differentiated value, including fourth-generation OLED TV panels underpinned by the company’s proprietary Primary RGB Tandem technology, and gaming monitors that have achieved the triple crown of the world's highest brightness, refresh rate, and response time.
As for its automotive display business, LG Display will continue to create differentiated customer value based on innovative technologies and product competitiveness, enabling ultra-large size, high definition, reliability and durability, low power consumption, and various form factors.
“In the second half of the year, we expect a sharp rebound in earnings with expanded performance across our OLED business, and we will continue to improve cost innovation and operational efficiency to strengthen our stable profit structure,” said Sung Hyun Kim, CFO of LG Display. Kim added, “We are also improving our financial structure, including the early repayment of loans and reduction of borrowing, at a faster pace than originally planned, so we will show meaningful results in both earnings and financial structure this year.”
# # #
Earnings Conference Call
LG Display will hold a bilingual conference call in English and Korean on July 24, 2025 starting at 2:00 PM Korea Standard Time (KST) to announce the second quarter of 2025 earnings results. Investors can listen to the conference call via http://irsvc.teletogether.com/lgdisplay/lgdisplay2025Q2 eng.php
About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 69,656 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place
undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.
Investor Relations Contact:
Brian Heo, Head of Investor Relations
Email: ir@lgdisplay.com
Media Contact:
Hyoung-kun Lee, Vice President and Head of Public Relations
Email: hyoungkun@lgdisplay.com
Joo Yeon Jennifer Ha, Manager, Communication Team
Email: hjy05@lgdisplay.com
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: July 24, 2025 By: /s/ Kyu Dong Kim
(Signature)
Name: Kyu Dong Kim
Title: Vice President, Finance &
Risk Management Division
FAQ
What were LG Display's Q2 2025 revenues?
Did LG Display report a profit in Q2 2025?
Why did operating results worsen despite positive net profit?
How much of LG Display's revenue came from OLED products?
What is management’s outlook for the second half of 2025?
Which segments contributed most to revenue?
