LG Energy Solution Reports Q1 Net Loss Due to ESS Expansion Costs
LG Energy Solution (LGES) reported a net loss of KRW 944 billion in Q1 2026, driven by increased costs from expanding its energy storage systems (ESS) business and weaker product mix. Global revenues declined 2.5% to KRW 6.55 trillion, with operating losses rising to KRW 208 billion from an operating profit of KRW 375 billion a year earlier.
Topics: ESS expansion LG Energy Solution net loss operating loss Q1 2026 revenue decline