[Breaking] Lake Materials Posts Q2 Operating Profit of KRW 6.08 Billion, Up 39.95% Year-over-Year
Lake Materials recorded a significant year-over-year increase in both revenue and operating profit for the second quarter of 2026. **Q2 Revenue Exceeds KRW 37.2 Billion... Operating Profit Up 39.95%** According to a regulatory filing on the 11th, Lake Materials' consolidated revenue for the second
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Lake Materials recorded a significant year-over-year increase in both revenue and operating profit for the second quarter of 2026.
Q2 Revenue Exceeds KRW 37.2 Billion... Operating Profit Up 39.95% According to a regulatory filing on the 11th, Lake Materials' consolidated revenue for the second quarter of 2026 was tallied at KRW 37.206 billion. This represents an increase of 12.13% compared to the previous quarter (KRW 33.181 billion) and 19.08% compared to the same period last year (KRW 31.245 billion).
Operating profit for the same period was recorded at KRW 6.08 billion. This is a 43.12% increase from the previous quarter (KRW 4.248 billion) and a 39.95% increase compared to the same period last year (KRW 4.344 billion). Profit before income tax from continuing operations also reached KRW 3.884 billion, up 22.51% from the previous quarter and 197.28% from the same period last year.
Net Income Decreases Compared to Previous Quarter... First-Half Cumulative Performance Improves Significantly Net income was recorded at KRW 2.63 billion, down 59.20% from the previous quarter, but up 131.18% compared to the same period last year. Net income attributable to owners of the parent company also fell 60.09% from the previous quarter to KRW 2.535 billion, but rose 132.51% compared to the same period last year.
This year's first-half cumulative performance also showed an upward trend. Cumulative revenue for the first half was KRW 70.386 billion, up 11.32% from the same period last year. Cumulative operating profit was recorded at KRW 10.328 billion (up 45.32%), while cumulative net income stood at KRW 9.077 billion (up 220.72%).
These results are preliminary consolidated operating figures prepared in accordance with the Korean International Financial Reporting Standards (K-IFRS). The company stated, "This data has not been reviewed by an external auditor and may be subject to change based on future review results."
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