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Investing.com -- LG Energy Solution reported third-quarter 2025 consolidated operating profit of 601 billion won, exceeding market expectations, according to preliminary results.
The company’s operational profit reached 236 billion won, while Advanced Manufacturing Production Credit (AMPC) contributions added 366 billion won to the total. A significant portion of the earnings beat came from approximately 280 billion won in volume offtake guarantee payments.
The battery maker’s operational performance aligned with its initial guidance across segments. Electric vehicle revenue decreased 5% quarter-over-quarter, while energy storage system (ESS) revenue jumped 50%. Small-sized battery revenue grew 7-8% from the previous quarter.
Looking ahead, LG Energy Solution provided a positive outlook for US energy storage system demand, projecting growth at a compound annual rate exceeding 20%. The company also revised its ESS order backlog upward to 120 gigawatt-hours from the previous 50 gigawatt-hours.
Despite these positive developments, the company maintained its 2026 year-end ESS capacity guidance without an upward revision, which was expected to increase to 45-50 gigawatt-hours.
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