LG Display Reports 1Q 2025 Results

LG Display recorded KRW 6.065 trillion ($4.2 billion) in revenues and $23 million  in operating profit in the first quarter of 2025.

The company’s consecutive operating profit from the previous quarter underscored its efforts to enhance its core capabilities centered around its OLED business, which paid off despite the fact that the first quarter usually sees slow seasonality.

Revenues increased by 15% year-on-year as shipments of OLED panels for TV, IT and mobile devices increased as well as due to favorable exchange rate effects. The proportion of OLED products driving total revenues increased by 8% year-on-year to reach 55%.

In terms of profitability, LG Display’s second straight quarter of operating profit came as it continued to conduct intensive cost reduction and operational efficiency activities in addition to its expanded OLED-centered business performance. Compared to the same period last year, the company’s profitability was improved by more than KRW 500 billion as it achieved a successful turnaround.

TV panels accounted for 22% of revenues in the first quarter, while those for IT devices including monitors, laptops, and tablet PCs accounted for 35%. Panels for mobile and other devices accounted for 34% and automobile panels accounted for 9% of revenues.

LG Display plans to focus on its capabilities to maintain a stable profit structure by strengthening its business competitiveness through focusing on OLED, while continuously pursuing cost innovation and operational efficiency.

In its small- and mid-sized OLED business, the company aims to further solidify its position in the high-end market based on its technological competitiveness. For mobile OLEDs, LG Display plans to enhance key competitiveness factors such as quality and cost, backed by stable supply capabilities, to expand shipments.

As for OLED for IT products, it seeks to strengthen its technological leadership based on Tandem OLED, which offers superior durability and performance, including low power consumption, long lifespan, and high brightness. At the same time, the company will continue to improve profitability by offering optimized products tailored to customer needs in each product segment, leveraging differentiated high-end LCD technologies such as IPS Black and next-generation Oxide.

With regard to its large-sized OLED business, LG Display can place a greater focus on advancing its OLED-centered business structure as the sale of its large-sized LCD plant in Guangzhou is now complete. The company plans to expand its portfolio of differentiated products – such as 4th-generation OLED TV panels and gaming monitors optimized for the AI era – through close collaboration with global customers.

As for its automotive display business, the company aims to bolster its position as the global leader by leveraging a differentiated product and technology portfolio, including Tandem-based P-OLED, Advanced Thin OLED (ATO), and high-end LTPS LCD. It plans to establish a stable profit structure while achieving continuous growth.

“Although external uncertainties persist, the results of our focus on strengthening fundamental competitiveness are beginning to materialize,” said Sung-hyun Kim, CFO and EVP of LG Display. Kim added, “We will continue to advance our business structure and improve operational efficiency in order to achieve an annual turnaround and expand the scale of our profits.”