LX International (001120) Q2 2026 earnings summary

Executive summary

• Achieved strong year-over-year growth in sales and profitability across all major segments, driven by higher resource prices, increased trading volumes, and rising ocean freight rates.

• Operates across three main segments: Resources, Trading/New Growth, and Logistics, with 102 consolidated subsidiaries globally as of June 2026.

• Maintains a strong AA- credit rating on multiple bond issuances, reflecting robust financial health.

• Major customer concentration: LG Electronics accounted for 43.2% of consolidated sales in H1 2026.

Financial highlights

• Sales reached KRW 4.8 trillion in 2Q 2026, up from KRW 3.8 trillion in 2Q 2025 and KRW 4.2 trillion in 1Q 2026.

• H1 2026 consolidated revenue: KRW 8,987.6 billion, up from KRW 7,878.5 billion in H1 2025.

• Net profit for 2Q 2026 rose 40% year-over-year to KRW 78.8 billion, with operating profit up 114% to KRW 117.8 billion.

• EBITDA increased 50% year-over-year to KRW 229.2 billion.

• Gross profit for 2Q 2026 was KRW 435.3 billion, up from KRW 321.0 billion in 2Q 2025.

Outlook and guidance

• Continued focus on expanding resource and trading businesses, with ongoing investments in mines and eco-friendly projects.

• Actively pursuing new investments in high-growth minerals (nickel, bauxite) and expanding ESG-aligned trading and logistics services.

• Focus on portfolio diversification, digital transformation, and strengthening global logistics infrastructure.

• Expectation of sustained profitability supported by favorable commodity and freight market conditions.