LG Electronics announced a 33% rise in first-quarter operating profit compared to the previous year, reaching 1.67 trillion won. Sales also saw a 4.4% increase to 23.73 trillion won, setting a new first-quarter record. Net profit figures are yet to be disclosed, with the final earnings report scheduled for later this month.
The company’s home appliance division drove this growth by focusing on its subscription business and premium segment. Additionally, the media and entertainment solution business returned to profit due to cost-cutting measures after facing losses in the previous quarter.
In terms of the vehicle solution business, LG Electronics noted improved profitability without providing specific details. The company attributed some positive effects to the recent weakening of the Korean won against the US dollar, benefiting its overseas client base. However, the eco solution business experienced a decline in sales and operating profit amid market uncertainties, with a continued focus on AI data centers.
Looking ahead to the rest of 2026, LG Electronics plans to mitigate rising raw material prices through cost-cutting measures. The company aims to drive future growth by investing in home robots and related accessories to diversify its product offerings.
