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LG Energy Solution Releases 2025 First-Quarter Financial Results

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LG Energy Solution posts KRW 6.3 trillion in consolidated revenue and KRW 375 billion in operating profit in Q1 2025Company returns to profitability through rigorous cost-cutting effortsCompany to focus on operational efficiency, cost reduction, and strategic business opportunities to cope with impacts from regulatory transitions this year

SEOUL, South Korea, April 29, 2025 /PRNewswire/ — LG Energy Solution (KRX: 373220) today announced its first-quarter earnings for 2025, turning a profit through rigorous cost-cutting efforts.

The company posted consolidated revenue of KRW 6.3 trillion, a 2.9 percent decrease quarter-on-quarter and 2.2 percent increase year-on-year. The operating profit was KRW

375 billion with an EBITDA[1] margin of 20 percent, marking a turn around to profitability. The operating profit includes the IRA tax credit amount of KRW 458 billion.  

“In the first quarter, we demonstrated solid shipments to North America and for newly launched EV models. However, as automakers continued their conservative approach to inventory management, our quarterly revenue declined compared to the last quarter,” said Chang Sil Lee, CFO of LG Energy Solution. “Nevertheless, we successfully returned to profitability in the first quarter as our efforts to reduce material costs and enhance cost efficiency came to fruition, with one-off items reflected in the previous quarter no longer playing base effect into Q1 profit,” Lee added. 

In the first quarter, LG Energy Solution has reallocated its production capacity in North America to better respond to market demands and address ongoing uncertainties. Namely, the company put the construction of its ESS battery plant in Arizona on hold and instead decided to first utilize the existing production capacity at its plant in Michigan, aiming to start producing LFP (lithium, iron, phosphate) batteries for ESS this year, a year earlier than planned.

Also, the company is in the process of acquiring the GM JV phase 3 in Michigan, which would significantly expand its footprint in North America. This move will also maximize the utilization of investments already undertaken by minimizing the facility’s downtime.

Alongside this strategic adjustment, LG Energy Solution continued to make notable achievements in both the EV and ESS businesses based on its strong product competitiveness. The company successfully expanded its customer portfolio for 46-Series cylindrical batteries to legacy automakers by securing a new 10GWh (annual) order from an established automaker in North America. It also won contracts from Polska Grupa Energetyczna (PGE) for grid-scale ESS batteries in Europe and Delta Electronics for residential ESS batteries (4GWh) in the U.S. The company also ventured into new applications, including solar EVs and offshore wind farms, as well as establishing its first European battery recycling joint venture facility with Derichebourg in France, which will establish 20,000 tons of annual preprocessing capacity to meet the EU’s battery recycling regulations and secure a metal supply chain.

Moving forward, as regulatory transitions such as U.S. tariffs and the EU’s industrial action plan for the automotive sector are expected to affect the battery industry broadly, LG Energy Solution will concentrate on streamlining operations and reducing costs this year, while actively pursuing strategic business opportunities.

It will focus on indispensable investments and proactively adjust the scale and speed of capacity expansion in response to changing market demands. It will also take a cautious approach to managing inventory for EV batteries, while accelerating the revenue expansion in its ESS business, which holds relatively higher growth potential.

At the same time, LG Energy Solution will continue to cultivate strategic business opportunities by continuing to secure future demands from its key customers with new products, including 46-Series cylindrical batteries. Simultaneously, it will proactively discover new applications for its cylindrical batteries, such as humanoid robots and drones.

To mitigate the impact of tariffs, the company will promote the local production of raw materials by collaborating with material companies entering North America. It will also accelerate the development and adoption of new technologies, such as dry electrodes, to lower production costs.

[1] EBITDA: Earnings before interest and tax

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About LG Energy Solution
LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 69,600 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

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SOURCE LG Energy Solution

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EPG Publishes Inaugural ESG Report, Establishing Baseline for Sustainable Global Expansion

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April 20, 2026

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SINGAPORE, April 19, 2026 /PRNewswire/ — EPG today released its 2025 ESG Report, outlining its sustainability approach and performance across global operations as it scales internationally.

Environmental EPG achieved full compliance with applicable environmental regulations, with 100% of waste treated and disposed of. The company completed its inaugural greenhouse gas (GHG) inventory, encompassing Scope 1, Scope 2, and key Scope 3 categories, establishing the foundation for its emissions management strategy and long-term decarbonization roadmap.

Social Female represented 31% of total employees, and 85% of employees recruited locally in Malaysia hold managerial positions. EPG maintained a diversified supply chain, with approximately 47% of suppliers based outside of mainland China.

Governance As of the date of this press release, the EPG Board of Directors includes two female directors, representing 22% of board members. The Board convened two meetings with 100% attendance.

As EPG matures its ESG framework, the company is forming a dedicated ESG Committee to oversee this progress. ESG management systems will be embedded into existing and planned facilities, starting with its Malaysia manufacturing plant currently under construction. EPG will also extend these standards through its supply chain at its upcoming Shanghai partner conference.

“Scaling globally only means something if we scale responsibly,” said Alick Wan, EPG Founder and Chairman. “We see an opportunity to redefine what sustainable infrastructure looks like for the AI era — proving that high performing infrastructure can also carry light footprint. We believe modular is how the industry gets there.”

EPG is proud to have contributed to the book Greener Data, Volume III, launching on Earth Day 2026. The chapter shared EPG’s philosophy on how modular construction reduces on-site waste, lowers embodied carbon, and enables full lifecycle sustainability, making the case that responsible scaling and commercial ambition are not in conflict.

Following approximately $200 million in Series B and B+ financing, EPG will keep strengthening company-wide ESG governance and scale its modular approach across an expanding international footprint.

Read the full report: https://www.epg-module.com/list-27-1.html

Contact: communications@epg-module.com

About EPG

EPG is a Singapore-headquartered provider of modular and prefabricated data center infrastructure, powered by dual R&D centers in Singapore and Shanghai and advanced manufacturing hubs in Malaysia and China. With over 20 years of engineering expertise, EPG delivers innovative and sustainable solutions for hyperscale, cloud, and enterprise deployments across APAC, EMEA, and other global markets.

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SOURCE EPG Singapore Pte Ltd

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Simpli5 Announces Platform Expansion Designed to Close the Gap Between Self-Awareness and Team Action

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57 minutes ago

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April 20, 2026

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Behavioral intelligence leader addresses the knowing-doing problem that leaves most assessment investments unrealized

AUSTIN, Texas, April 19, 2026 /PRNewswire/ — Simpli5, the behavioral intelligence platform that powers team effectiveness at organizations including LinkedIn, Kaiser Permanente, and Notion, today announced a significant expansion of its platform aimed at solving one of the most persistent challenges in enterprise learning and development: the knowing-doing gap.

While behavioral assessments have proliferated across the Fortune 500, the vast majority of users never return to their insights after initial onboarding — leaving significant organizational investment unrealized. The upcoming Simpli5 release is engineered specifically to close that gap, translating one-time self-awareness into an ongoing team practice embedded in the flow of daily work.

“Self-awareness that lives in a report is just data. Self-awareness that lives in your daily relationships is transformation,” said Karen Wright Gordon, Founder and CEO of Simpli5. “We built this because we knew the highest-value moments in our platform were sitting unused for too many users. These features are about closing that gap without adding friction.”

The expansion introduces a suite of interconnected capabilities designed to keep behavioral insights present in the flow of daily work — accessible at the moments that matter most, and creating reinforcing loops that grow in value as organizational adoption scales.

Unlike point-in-time assessments, Simpli5 is engineered to compound in value over time. Each connection made, each insight applied, and each colleague activated increases the network intelligence available to every user on the platform. The upcoming release is designed to accelerate that compounding effect.

Full feature details and availability will be announced in the coming weeks.

About Simpli5

Simpli5 powered by 5 Dynamics is a behavioral intelligence platform built on the science of five natural work energy phases: Explore, Excite, Examine, Execute, and Evaluate. Unlike static assessment tools, Simpli5 is a living team intelligence platform that deepens in value as adoption scales across an organization. Its AI coaching product, SenSai, delivers personalized behavioral insights at the moment of need.

For more information, visit simpli5.com.

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SOURCE Simpli5

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SK hynix Begins Mass Production of 192GB SOCAMM2 ‘Setting a New Standard for AI Server Memory Performance’

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2 hours ago

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April 20, 2026

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–     Mass production of 192GB high capacity products designed for the NVIDIA Vera Rubin platform
–     Maximizes power efficiency by featuring high density DRAM based on the latest 1cnm process
–     Company to closely collaborate with NVIDIA to solve bottlenecks in AI infrastructure and provide optimal performance

SEOUL, South Korea, April 19, 2026 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it has begun mass production of the 192GB SOCAMM2, a next-generation memory module standard based on the 1cnm process (sixth-generation of the 10-nanometer technology) LPDDR5X low-power DRAM.

SOCAMM2[1] is a module that adapts low-power memory – which was previously used mainly in mobile products like smartphones – for server environments. It is designed to be a primary memory solution for next-generation AI servers.

[1]SOCAMM2 (Small Outline Compression Attached Memory Module 2): An AI server–optimized memory module based on LPDDR. It offers a slim form factor and high scalability, while its compression connector enhances signal integrity and allows for easy module replacement

SK hynix emphasized that the 1cnm based SOCAMM2 product that is now in mass production delivers more than double the bandwidth with over 75% improved power efficiency compared to conventional RDIMM[2], providing an optimized solution for high performance AI operations.

[2]RDIMM (Registered Dual In-Line Memory Module): DRAM module for server/workstation that includes a register or buffer chip to relay address and command signals between the memory controller and DRAM chip in a memory module

In particular, the company noted that its SOCAMM2 products are designed for NVIDIA Vera Rubin platform.

SK hynix expects the new SOCAMM2 product will fundamentally resolve the memory bottlenecks encountered during the training and inference of large language model (LLM) with hundreds of billions of parameters, thereby playing a pivotal role in dramatically accelerating the processing speed of the overall system.

The company stated that with the AI market shifting focus from inference to training, SOCAMM2 is gaining significant attention as a next-generation memory solution capable of operating LLMs with low power consumption. To meet the demands of its global Cloud Service Provider (CSP) customers, SK hynix has not only been providing a supply portfolio, but also stabilized its mass production system early on.

“By supplying the 192GB SOCAMM2, SK hynix has established a new standard for AI memory performance,” Justin Kim, President & Head of AI Infra (CMO, Chief Marketing Officer) at SK hynix said. “We will solidify our position as the most trusted AI memory solution provider, through close collaboration with our global AI customers.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”) and flash memory chips (“NAND flash”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

View original content:https://www.prnewswire.com/news-releases/sk-hynix-begins-mass-production-of-192gb-socamm2–setting-a-new-standard-for-ai-server-memory-performance-302746711.html

SOURCE SK hynix Inc.

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