LG Energy Solution reports operating loss in Q4

LG Energy Solution on Friday said it continued to remain in the red in the fourth quarter although its operating loss nearly halved from a year earlier amid weak global demand for electric vehicle (EV) batteries. Operating loss in the October-December period was estimated at 122 billion won ($83.8 million), compared with a loss of 225 billion won posted in the fourth quarter of 2024, the company said in a preliminary report. Sales decreased 4.8 percent to 6.14 trillion won. The data for net income was not available. The operating loss was 8.5 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. LG Energy Solution said it has received a tax credit of 332.8 billion won through the Advanced Manufacturing Production Credit (AMPC) under the U.S. Inflation Reduction Act. Excluding the AMPC, the company recorded an operating loss of 454.8 billion won in the fourth quarter, the company said. The company will release its final earnings report later. For all of 2025, operating profit came to 1.34 trillion won, up 133.9 percen