LG Energy Solution, Ltd. financial statements, 6 years: Back to a profit in 2021 after a net loss of KRW 451.8bn in 2020
Consolidated financial statements for 2020–2025 and the 2026 half-year report that LG Energy Solution, Ltd. filed with DART, laid out by year. No interpretation or outlook.
LG Energy Solution, Ltd. financial statements, 6 years: Back to a profit in 2021 after a net loss of KRW 451.8bn in 2020
The consolidated financial statements in the 2020–2025 annual reports that LG Energy Solution, Ltd. (373220) filed with Korea’s DART electronic disclosure system, laid out by year. Figures from the 2026 half-year report cover a different period and are shown separately. Every figure below is taken as filed in the DART submissions; there is no interpretation or outlook. Amounts are in Korean won (KRW; bn = billion, tn = trillion).
1. Income statement — the sign of net income changed in 2021
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2020 | 1.46tn | — | −475.2bn | — | −32.5% | −451.8bn |
| 2021 | 17.85tn | +1121.84% | 768.5bn | turned to profit | 4.3% | 929.9bn |
| 2022 | 25.60tn | +43.39% | 1.21tn | +57.94% | 4.7% | 779.8bn |
| 2023 | 33.75tn | +31.83% | 2.16tn | +78.23% | 6.4% | 1.64tn |
| 2024 | 25.62tn | −24.08% | 575.4bn | −73.40% | 2.2% | 338.6bn |
| 2025 | 23.67tn | −7.60% | 1.35tn | +133.95% | 5.7% | 80.8bn |
Revenue was largest in 2023 at KRW 33.75tn and smallest in 2020 at KRW 1.46tn among the six years. It fell from the previous year twice: 2024 (−24.08%), 2025 (−7.60%).
Operating income was largest in 2023 at KRW 2.16tn and smallest in 2020 at KRW −475.2bn. The operating margin was highest in 2023 at 6.4%.
Net income was largest in 2023 at KRW 1.64tn and smallest in 2020 at KRW −451.8bn.
2. Financial position — equity became 3.88x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 19.94tn | 7.57tn | 163.6% | 131.9% |
| 2021 | 23.76tn | 8.74tn | 171.8% | 100.7% |
| 2022 | 38.30tn | 20.59tn | 86.0% | 164.3% |
| 2023 | 45.44tn | 24.37tn | 86.4% | 157.3% |
| 2024 | 60.31tn | 30.97tn | 94.8% | 127.2% |
| 2025 | 67.15tn | 29.32tn | 129.0% | 109.7% |
The debt ratio was highest in 2021 at 171.8% and lowest in 2022 at 86.0%.
Over the same period total assets went from KRW 19.94tn to KRW 67.15tn (3.37x), and total equity went from KRW 7.57tn to KRW 29.32tn and became 3.88x.
The current ratio was above 100% in all six years, ranging from 100.7% to 164.3%.
3. Cash flow — negative in 1 year
| Fiscal year | Operating cash flow | Net income | ROE |
|---|---|---|---|
| 2020 | 395.4bn | −451.8bn | −6.0% |
| 2021 | 978.6bn | 929.9bn | 10.6% |
| 2022 | −579.8bn | 779.8bn | 3.8% |
| 2023 | 4.44tn | 1.64tn | 6.7% |
| 2024 | 5.11tn | 338.6bn | 1.1% |
| 2025 | 4.43tn | 80.8bn | 0.3% |
Operating cash flow was negative in 2022. It was largest in 2024 at KRW 5.11tn.
ROE was highest in 2021 at 10.6% and lowest in 2020 at −6.0%.
4. Latest half-year report (end of H1, 7th fiscal period, consolidated basis)
The period differs, so these figures cannot be compared directly with the annual tables above. Only cumulative figures for the same period of the previous year are compared.
| Item | 2026 cumulative | Same period last year | Change |
|---|---|---|---|
| Operating income | −94.5bn | 866.8bn | turned to loss |
| Net income | −1.27tn | 317.2bn | turned to loss |
| Finance income | 1.16tn | 899.4bn | +29.46% |
| Operating cash flow | −290.9bn | — | — |
At the end of the period, total assets were KRW 77.88tn, total liabilities KRW 47.59tn and total equity KRW 30.29tn.
No rate of change is computed for operating income and net income, because the sign changed between the two periods.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: LG Chem Ltd, stake 79.38%
- No cash dividend was reported in the 2025 annual report
- Employees: 12,922, average pay per employee KRW 112m
How to read this
This page lays out the filed figures by year and nothing more. Financial statements do not say why the numbers moved, so neither do we.
The order of publication follows revenue in the latest fiscal year and has nothing to do with the content.
To check the same figures, search for the company on DART and open the consolidated financial statements in its annual reports. Every number here was computed from the 2020–2025 annual reports and the interim report downloaded through the OpenDART API on 2026-10-01; ratios divide the filed account amounts.
This article is for information only and is not investment advice.