LX International (001120) Q4 2025 earnings summary

Executive summary

• Annual sales reached KRW 16.7T in 2025, up slightly year-over-year, with operating profit down 40% to KRW 292.2B and net profit down 41% to KRW 158.3B compared to 2024.

• 4Q25 sales were KRW 4.3T, with operating profit at KRW 55.5B, both showing sequential and year-over-year declines.

Financial highlights

• EBITDA for 2025 was KRW 697.2B, down 18% year-over-year.

• 4Q25 EBITDA was KRW 165.0B, a 13% decrease from the previous quarter.

• Profit before tax for 2025 was KRW 202.8B, down 56% year-over-year.

• Net profit for 4Q25 was a loss of KRW 55.6B, reversing from a profit in the previous quarter.

Outlook and guidance

• Higher production volumes in key assets (AKP nickel mine, palm plantations) and strong CPO prices supported resource sales.

• Trading/new business expanded in new materials, but profits declined due to lower LCD panel sales and coal prices.

• Logistics faced lower sales and profits due to declining ocean freight rates despite higher volume.