What were the key financial results for LG Chem's petrochemical business in Q2, and what factors drove the turnaround from loss to profit?

LG Chem's petrochemical business reported a net profit of 427 billion South Korean won ($294.5 million) in Q2, reversing a net loss of 90 billion won in the same period last year; revenue rose 13.4% year-on-year to 5.3 trillion won despite lower sales volumes due to the temporary shutdown of the No. 2 naphtha-fed steam cracker at Yeosu, with the profit recovery attributed to positive inventory lag effects from higher feedstock prices and wider product spreads.

How did LG Chem's advanced materials segment perform in Q2, and what are its main revenue contributors?

LG Chem's advanced materials segment saw operating profit plunge 72% year-on-year to 20 billion won, while revenue fell 5.7% to 999 billion won; battery materials accounted for 26% of advanced materials revenue, and electronics and engineering materials each contributed 37%.

LG Chem Petrochemical Business Swings to Profit, Revenue Rises

Jul 31, 2026

LG Chem reported a Q2 petchem net profit of 427 billion won, reversing last year's loss driven by inventory effects. Future profitability faces pressure from declining feedstock prices and higher logistics costs.

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