LS annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
LS FY 2025 Annual Report Analysis
Business Overview
- • LS (holding company) consolidated revenue KRW 31.87T in FY2025, up 15.7% YoY from KRW 27.54T, driven by copper smelting (LS MnM) at KRW 14.94T (+23.3%)
- • LS Electric secured KRW 459.8B North America ultra-high voltage transformer contract with IOU (Nov 2025) and KRW 160B Big Tech data center power supply contract (Mar 2025)
Management Discussion & Analysis
- • FY2025 consolidated revenue KRW 31.87T (+15.7% YoY, record high); OP KRW 1.053T (-1.9% YoY); net income KRW 485.1B (+23.9% YoY)
- • LS ELECTRIC power segment drove group outperformance — consolidated revenue KRW 4.97T (+9.1% YoY), OP KRW 426.4B (+9.4% YoY), led by North America datacenter and aged-grid replacement demand; LS ELECTRIC America revenue +68.1% YoY to USD 584M
Risk Factors
- • USD 10% move → ±KRW 251.9B pre-tax P&L impact, up from ±KRW 120.8B prior year; net USD short position KRW 2.52T
- • Financial liabilities due within 1 year: KRW 11.68T (무이자 KRW 4.42T + variable-rate KRW 3.76T + fixed-rate KRW 3.50T), up from KRW 9.40T prior year
LS FY 2025 Key Financial MetricsDART
Total Assets
KRW 24.99T
▲ +21.8% YoY
Operating Cash Flow
KRW 206.3B
▼ -76.0% YoY
CapEx
KRW 1.15T
▲ +29.5% YoY
Source: KIFRS consolidated financial data from LS annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding