2 weeks Ago By Yeon Choul-woong
On April 24, LG Display announced its first-quarter 2025 financial results, posting consolidated revenue of 6.0653 trillion won and an operating profit of 33.5 billion won.
Despite the first quarter traditionally being a slow season for the display industry, LG Display achieved a profit for the second consecutive quarter, driven by efforts to improve its business structure with a focus on OLEDs. The quarter's revenue increased by 15% compared to the same period last year, supported by increased shipments across TV, IT, and mobile OLED product lines and favorable exchange rate effects. The revenue share of OLED products rose to 55%, an 8 percentage point increase from the previous year.
Profitability also improved significantly, with the expansion of OLED performance and rigorous cost-cutting and operational efficiency efforts leading to a financial improvement of over 500 billion won year-on-year, resulting in a return to profitability. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 1.2313 trillion won, with a margin of 20%, the highest since the third quarter of 2021.
By product category, revenue distribution was as follows: TV panels 22%, IT panels (monitors, laptops, tablets, etc.) 35%, mobile and other panels 34%, and automotive panels 9%. LG Display plans to further strengthen its business competitiveness around OLEDs and maintain a stable profitability structure through ongoing cost innovation and operational efficiency.
The company aims to enhance its presence in the high-end market for small to medium-sized OLEDs by leveraging its technical competitiveness. For IT displays, it focuses on differentiating products with high-performance Tandem OLED technology and next-generation IPS BLACK and OXIDE-based LCDs. In the large panel sector, LG Display is accelerating its transition to an OLED-focused business by completing the sale of its large LCD factory in Guangzhou, China.
The company plans to enhance collaboration with global customers focusing on high-value products optimized for the AI era, such as 4th generation OLED TVs and gaming monitors. For automotive display, the company seeks to establish a leading position in the global market with differentiated technologies, including P-OLED, ATO, and high-end LTPS LCD, aiming for both profitability and growth. "Despite ongoing uncertainties in the external environment, our fundamental competitiveness enhancements are translating into tangible results," said Kim Sung-hyun, CFO of LG Display.
"We will continue our efforts to advance our business structure and operational efficiencies to achieve annual profitability and expand our profit scale.".
