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Secret (Restricted Access) 3Q 2026 Earnings Release 2026. 11. 05
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Secret (Restricted Access) 3Q 2026 Business Results Results and Outlook by Business Appendix Income Statement / Financial Position / Cash Flows CAPEX and R&D Expenses 3 – 4 5 – 9 10 - 13
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Secret (Restricted Access) The business results currently under audit review are presented here for investors’ convenience. Hence, please be advised that some of thecontents may be altered in the course of audit. The financial information included in this material has been prepared on a consolidated basis in accordance with Korea International Financial Reporting Standards (K-IFRS). Forecasts and projections contained in this material are based on current business environments and management’s strategies. Please note it may differ from actual results, due to uncertainties including changes in the future business environment and strategy.
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Secret (Restricted Access) 3 LG Chem 2025 2026 3Q 4Q 1Q 2Q 3Q Sales 11,562 11,530 12,247 14,176 15,496 Operating Profit (%) 680 5.9% -413 -3.6% -50 -0.4% 600 4.2% 561 3.6% EBITDA (%) 1,992 17.2% 1,103 9.6% 1,442 11.8% 2,206 15.6% 2,137 13.8% Pre-tax Income (%) 457 4.0% -2,489 -21.6% -566 -4.6% 429 3.0% -645 -4.2% Net Income (%) 447 3.9% -1,573 -13.6% -782 -6.4% 67 0.5% -600 -3.9% 3Q 2026 Business Results Sales & Profits Trends (Consolidated) Sales trend by business (Unit: KRW bn) Following our decisions to discontinue and divest certain businesses, the relevant business results have been compiled retroactively. (Unit: KRW bn) Starting from the fiscal year 2026, North America Production Incentive ofLG ES will be consolidated into the revenue figures due to changes in accounting presentation methods. For comparison purposes,past financial figures are also be adjusted accordingly. 4,461 3,947 4,472 5,329 4,755 838 725 843 999 1,073 375 356 313 369 337 6,065 6,474 6,555 7,560 9,643 102 185 266 274 100 '25.3Q '25.4Q '26.1Q '26.2Q '26.3Q 11,562 11,530 12,247 14,176 15,496
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Secret (Restricted Access) 4 Balance Sheet Financial Ratios Liabilities / Equity Debts / Equity Net Debts / Equity FinancialPosition (Consolidated) (Unit: KRW tn) (Unit: %) 3Q 2026 Business Results LG Chem 2025 2Q 2026 3Q 2026 Asset 101.1 112.2 102.2 Cash and cash equivalents 10.9 12.7 9.2 Liabilities 54.0 63.3 58.6 Debts 33.8 40.3 35.5 Equity 47.1 48.9 43.6 114.5% 129.6% 134.4% 71.8% 82.4% 81.5% 48.6% 56.5% 60.4% 2025 2Q 2026 3Q 2026
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Secret (Restricted Access) 5 Results Outlook Petrochemicals Life SciencesAdvancedMaterialsPetrochemicals Farm Hannong Energy Solution Results & Outlook by Business Operating Profit (OPM) (Unit: KRW bn) High oil prices are expected to remain a burden due to ongoing geopolitical risks, along with opportunity losses expected from the scheduled maintenance of the Yeosu plant. Endeavor to improve profitability through expanding sales of higher value-added products (e.g., IPA for semiconductors and SSBR for EVs), reducing costs, and optimizing inventory management. Turned to an operating loss, driven by narrower spreads in key products amid negative inventory lag effects, higher logistics costs, and unfavorable foreign exchange movements. Sales (Proportion) '25.3Q '25.4Q '26.1Q '26.2Q '26.3Q HPM Acrylates/SAP ABS PVC/Plasticizers NCC/PO Sales (Proportion) 11% 427 (8.0%) 29 (0.7%) -239 (-6.0%) 165 (3.7%) -176 (-3.7%) 4,461 36% 33% 16% 27% 10% 11% 3,947 16% 29% 11% 11% 4,472 34% 16% 28% 10% 12% 5,329 35% 14% 28% 11% 12% 4,755 34% 13% 29% 12% 12% ※ Past results have been retroactively restated based on the organizational restructuring effective July 1, 2026. [Key Changes] – Alcohol products reassigned from the PVC/Plasticizers Business Unit to the Acrylates/SAP Business Unit
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Secret (Restricted Access) 6 Results Outlook Advanced Materials Life SciencesAdvancedMaterialsPetrochemicals Farm Hannong Energy Solution '25.3Q '25.4Q '26.1Q '26.2Q '26.3Q Battery Materials Electronics Materials Engineering Materials Results & Outlook by Business Profitability improved due to an increase in Battery Materials volumes and the recognition of one-off gains, supported by solid performance in Electronics Materials. Revenue is expected to increase on expanded Battery Materials volumes; while profitability is projected to remain at a similar level due to the base effect of the previous quarter's one-off gains. (Unit: KRW bn) Sales (Proportion) Operating Profit (OPM) Following our decisions to discontinue and divest certain businesses, the relevant business results have been compiled retroactively. 40 (3.7%) -50 (-6.8%) 7 (0.9%) -43 (-5.1%) 20 (2.0%) 838 21% 40% 39% 725 17% 42% 41% 843 20% 40% 40% 999 26% 37% 37% 1,073 36% 35% 29%
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Secret (Restricted Access) 7 Results Outlook Life Sciences Farm Hannong EnergySolutionLife SciencesAdvanced MaterialsPetrochemicals Results & Outlook by Business (Unit: KRW bn) Revenue and profitability declined quarter-on-quarter on lower export shipment volumes and increased R&D expenses. Revenue and profitability are expected to rise, with export volumes for certain products such as vaccines concentrated in the fourth quarter, and additional upfront payments received following the amended license-out agreement for the rare obesity treatment. Operating Profit (OPM) Sales 16 (4.4%) 23 (6.9%) 101 (26.9%) 34 (10.8%) 60 (16.3%) 375 356 313 369 337 '25.3Q '25.4Q '26.1Q '26.2Q '26.3Q
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Secret (Restricted Access) 8 Results Outlook Farm Hannong Farm Hannong Energy SolutionLife SciencesAdvanced MaterialsPetrochemicals Results & Outlook by Business (Unit: KRW bn) Operating Profit (OPM) Despite higher sales of crop protection products and seeds, revenue and profitability edged down year-on-year due to the base effect of advance fertilizer purchases in the first half. Revenue and profitability are expected to decline year-on-year, as lower fertilizer sales and increased R&D expenses outweigh the expansion of overseas crop protection sales. Sales 102 185 266 274 100 '25.3Q '25.4Q '26.1Q '26.2Q '26.3Q 14 (7.7%) -21 (-20.6%) -20 (-19.7%) 35 (13.1%) 25 (9.3%)
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Secret (Restricted Access) 9 Results Outlook Energy Solution EnergySolutionFarm HannongLife SciencesAdvanced MaterialsPetrochemicals Operating Profit (OPM) • Revenue growth is expected on volume gains underpinned by North American ESS production capacity and the steady growth in EV cylindrical and pouch supply. • Continued response to customer demand through the start-up of an additional ESS cell line and the securing of additional back-end capacity in the U.S., as well as preparations for the start-up of 46-series cylindrical production in Arizona. Results & Outlook by Business (Unit: KRW bn) Sales Energy Solution • Revenue grew, driven by a significant increase in ESS shipments, along with the solid expansion of EV cylindrical and High-voltage Mid-Ni pouch supply. • Profitability improved, driven by higher utilization rates in Europe, continued growth in EV cylindrical volumes, and the alleviation of fixed-cost burdens following the stabilization of ESS production in North America. Starting from the fiscal year 2026, North America Production Incentive of LG ES will be consolidated into the revenue figuresdue to changes in accounting presentation methods. For comparison purposes, past financial figures are also be adjusted accordingly. 6,065 6,474 6,555 7,560 9,643 '25.3Q '25.4Q '26.1Q '26.2Q '26.3Q 113 (1.5%) -122 (-1.9%) 601 (9.9%) -208 (-3.2%) 756 (7.8%)
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Secret (Restricted Access) 10 Appendix Income Statements The business results currently under audit review are presented here for investors’ convenience. Hence, please be noted that some of contents may be altered in the course of audit. (Unit: KRW bn) Following our decisions to discontinue and sell some of our businesses, the relevant business results have been compiled retroactively. LG Chem 2024 2025 2026 Year 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q Sales 50,180 12,579 11,908 11,562 11,530 47,579 12,247 14,176 15,496 Cost of Sales 41,247 10,101 9,518 8,808 9,696 38,123 9,932 11,180 12,448 Gross Profit 8,932 2,478 2,390 2,754 1,834 9,456 2,315 2,996 3,048 (%) 17.8% 19.7% 20.1% 23.8% 15.9% 19.9% 18.9% 21.1% 19.7% SG&A Expenses 8,057 2,040 1,914 2,074 2,247 8,275 2,365 2,396 2,487 Operating Profit 875 438 477 680 -413 1,181 -50 600 561 (%) 1.7% 3.5% 4.0% 5.9% -3.6% 2.5% -0.4% 4.2% 3.6% Other non-operating income(expenses) -1,185 -1 -662 -223 -2,076 -2,961 -516 -171 -1,206 Income before tax -310 437 -185 457 -2,489 -1,780 -566 429 -645 Net Income 515 260 -112 447 -1,573 -977 -782 67 -600 Starting from the fiscal year 2026, North America Production Incentive ofLG ESwill be consolidated into the revenue figures due to changes in accounting presentation methods. For comparison purposes, past financial figures are also be adjusted accordingly.
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Secret (Restricted Access) 11 Appendix Financial Position (Unit: KRW bn) Cash and Equivalents includes cash, cash equivalents, and some deposits at financial institutions. The business results currently under audit review are presented here for investors’ convenience. Hence, please be noted that some of contents may be altered in the course of audit. LG Chem 2024 2025 2026 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Assets 93,858 95,091 93,952 98,475 101,062 105,663 112,210 102,222 Cash and Equivalents 8,068 7,293 8,385 8,593 10,903 9,685 12,696 9,202 A/R 8,166 8,783 7,651 7,711 6,725 8,343 9,476 9,778 Inventory 8,847 8,529 7,846 8,629 8,177 9,351 11,157 11,328 Tangible / Intangible Assets 58,190 60,369 59,672 62,809 59,960 61,890 65,443 59,667 Liabilities 45,862 46,984 49,365 52,247 53,956 57,572 63,339 58,612 A/P 3,682 3,925 3,187 3,478 3,537 4,513 5,354 5,501 Short-term debts 7,621 8,634 9,586 11,860 11,738 13,117 11,603 10,617 Long-term debts 19,755 20,769 22,212 21,727 22,074 22,538 28,686 24,932 Equity 47,995 48,106 44,587 46,229 47,106 48,091 48,871 43,610 Liabilities / Equity (%) 95.6% 97.7% 110.7% 113.0% 114.5% 119.7% 129.6% 134.4% Net debt / Equity (%) 40.2% 46.0% 52.5% 54.1% 48.6% 54.0% 56.5% 60.4%
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Secret (Restricted Access) 12 Appendix Cash Flows (Unit: KRW bn) The financial information contained in this material has different standards from the cash flow statement in the audit report. Beginning cash and ending cash include cash, cash equivalents, and some deposits at financial institutions. Accordingly, it was retroactively revised to the same beginning/ending-period cash basis. The business results currently under audit review are presented here for investors’ convenience. Hence, please be advised tha t some of contents may be altered in the course of audit. LG Chem 2024 2025 2026 Year 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q Beginning Cash Balance 9,142 8,068 7,293 8,385 8,593 8,068 10,903 9,685 12,696 Operating Activities 7,012 1,891 1,339 2,461 2,544 8,234 -176 1,344 395 Operating Profit 875 438 477 680 -413 1,181 -50 600 561 Depreciation 4,672 1,286 1,238 1,312 1,517 5,353 1,492 1,606 1,576 Working Capital 9 -55 1,077 -552 1,496 1,966 -1,815 -2,098 -326 Investing Activities -13,507 -3,855 -3,508 -3,046 -1,272 -11,681 -1,226 1,516 -1,681 Financing Activities 4,821 1,184 3,460 667 932 6,243 23 -5 -1,517 Borrow / Repay 5,448 2,027 2,395 1,790 225 6,436 1,843 4,635 -4,741 Ending Cash Balance 8,068 7,293 8,385 8,593 10,903 10,903 9,685 12,696 9,202
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Secret (Restricted Access) 13 CAPEX & R&D Expenses (excl. Energy Solution)Appendix CAPEX R&D Expenses (Unit: KRW bn)(Unit: KRW bn) LG Chem 2025 3Q 2026 YTD 3Q26 2026 (P) Petrochemicals 915 149 411 790 Advanced Materials 1,671 143 418 612 Life Sciences 70 7 15 30 Common (incl. Farm Hannong) 237 38 81 284 Total 2,893 337 925 1,716 LG Chem 2025 2Q 2026 3Q 2026 YTD 3Q26 Petrochemicals 230 60 58 176 Advanced Materials 269 78 74 221 Life Sciences 373 149 94 321 Common (incl. Farm Hannong) 185 47 45 138 Total 1,058 334 271 856
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Secret (Restricted Access) Copyright ⓒ 2026 LG Chem. All Rights Reserved. Thankyou LG Twin Tower, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul 07336, Korea Tel. 02-3773-1114 / www.lgchem.com