LIG Nex1 FY 2025 Annual Report
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Filed: March 23, 2026· period ending December 31, 2025DART

LIG Nex1 annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 23, 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).

LIG Nex1 FY 2025 Annual Report Analysis

Business Overview

• KRW 4.31T defense revenue in FY2025; PGM (precision-guided munitions) grew to 47.2% from 39.2% in FY2024
• LNGR LLC formed Dec 2023 via 60% stake acquisition of Ghost Robotics Corp for U.S. defense market entry

Management Discussion & Analysis

• Revenue KRW 4.31T (+31.5% YoY); Operating profit KRW 319B (+42.9% YoY); Net income KRW 238B (+11.7% YoY) in FY2025
• PGM segment revenue KRW 2.03T (+58.4% YoY) driven by L-SAM 2nd mass production and Cheongung export project acceleration

Risk Factors

• KRW 14.38B pre-tax profit impact from 10% KRW/USD exchange rate movement at FY2025-end
• KRW 2.6B pre-tax profit impact from 1% interest rate change on KRW-denominated borrowings at FY2025-end

LIG Nex1 FY 2025 Key Financial Metrics
DART

Total Assets

KRW 8.06T

▲ +30.2% YoY

Operating Cash Flow

-KRW 584.3B

▼ -161.4% YoY

CapEx

KRW 169.8B

▼ -65.8% YoY

Source: KIFRS consolidated financial data from LIG Nex1 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