Korean metals company LS MnM posts record revenue in 2025

[사진=LS MnM]

SEOUL, January 22 (AJP) - South Korean metals company LS MnM posted record results last year, with revenue approaching 15 trillion won, supported by higher metal prices and the dollar's strength.

In a regulatory filing released via parent company LS Corp., Thursday, LS MnM reported revenue of 14.94 trillion won in 2025, up 23.3 percent from a year earlier. Net profit rose 39.9 percent to 106.7 billion won.

The company said profitability improved even as fees for refining copper cathodes declined sharply from the previous year, citing a significant rise in metal prices and favorable currency movements. It also pointed to the registration of its flagship copper cathode product on the New York Mercantile Exchange, which marked its entry into the U.S. market.

Operating profit, however, fell 29.2 percent from a year earlier to 224.8 billion won. LS MnM attributed the decline to more stable exchange-rate conditions during the year. In 2024, a widening gap between exchange rates applied to raw material purchases and finished product sales had boosted operating profit, the company said.

The company said it is operating business systems designed to reduce earnings volatility stemming from fluctuations in exchange rates and metal prices, adding that profit before corporate income tax provides a more appropriate measure of its underlying performance than operating profit.

* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
Kim Na-yoon 기자 kimnayoon@ajunews.com

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