LS Materials FY 2025 Annual Report
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Filed: March 19, 2026· period ending December 31, 2025DART

LS Materials annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 19, 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 Materials FY 2025 Annual Report Analysis

Business Overview

  • Core business: UltraCapacitor production (middle/large cells and modules) 19%, Aluminum parts 68%, Landscape materials 14% in 2025
  • AI data center power stabilization business entered, MOU with Vertiv signed Sep 2024 for UltraCapacitor application

Management Discussion & Analysis

  • Revenue KRW 15.36B (+8.1% YoY), Operating loss KRW 0.1B (vs. KRW 6.2B OP in 2024), Net loss KRW 1.0B (vs. KRW 5.7B net profit)
  • Aluminum segment growth drove revenue increase; new EV aluminum parts factory commissioning raised fixed costs, UC high-value product sales declined

Risk Factors

  • KRW 544M pre-tax profit impact for 10% USD rate change; EUR ±KRW 184M; CNY ±KRW 105M; JPY ±KRW 22M
  • KRW 471M net income loss sensitivity for 100bp increase in variable interest rates on borrowings

LS Materials FY 2025 Key Financial Metrics
DART

Total Assets

KRW 274.5B

+8.4% YoY

Operating Cash Flow

KRW 5.6B

+151.7% YoY

CapEx

KRW 23.2B

-52.3% YoY

Source: KIFRS consolidated financial data from LS Materials 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