News from the IT Home on October 8th: LG New Energy has released its interim financial report for the third quarter of fiscal year 2026 (July to September 2026), as well as the interim financial report for the first three quarters of 2026 (January to September 2026).

The company disclosed that its total operating revenue for the third fiscal quarter was 9.64 trillion Korean won, approximately 47.812 billion yuan, representing a year-on-year increase of 59% and a quarter-on-quarter increase of 27.55%. The total operating revenue for the first three quarters was 23.76 trillion Korean won, approximately 117.795 billion yuan, with a year-on-year increase of 26.1% and a quarter-on-quarter increase of 567.3%.

In terms of key financial report data, in the third fiscal quarter, the company achieved operating revenue of 9.64 trillion Korean won and operating profit of 756 billion Korean won, which is approximately 3.748 billion yuan, representing a year-on-year increase of 25.7%.

In the first three quarters of 2026, the company achieved a cumulative operating revenue of 23.76 trillion Korean won and a cumulative operating profit of 661.6 billion Korean won, which is approximately 3.28 billion yuan, representing a year-on-year decrease of 54.9%.

The company also stated that the operating revenue and operating profit in this financial report include the impact of production tax credits related to the US IRA legislation. Excluding this impact, the operating revenue for the third fiscal quarter was 922.65 billion Korean won, approximately 45.745 billion yuan, and the operating profit was 339.1 billion Korean won, approximately 1.681 billion yuan, with an operating profit margin of 3.7%.

As mentioned in the text of IT, LG is a globally leading provider of comprehensive power battery and energy storage battery solutions, focusing on the research, development, production, and sales of power batteries and energy storage batteries, and holds a leading market share in the main global power battery markets.

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