229640 - LS Eco Energy

229640 Summary

Holding Companies

Stock Price & Overview

₩45,600 +1,950 (+4.47%) Close · Sep 4, 2026 KST

KOSPI | ₩KRW | Close: ₩45,600 ≈ US$33 · Market cap ₩1.4tn (≈ $997m)

229640 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Revenue	960.1	869.0	731.1	818.5	750.6	579.6	520.3	441.3	403.7	345.1	200.1
Cost of Revenue	—	—	—	765.2	689.0	532.7	472.1	405.6	365.9	309.3	181.3
Gross Profit	99.0	71.5	56.7	53.3	61.6	46.9	48.2	35.7	37.8	35.8	18.8
Selling, General & Administrative	32.3	26.8	27.2	—	—	—	—	—	—	16.3	7.7
Operating Income	66.8	44.8	29.5	27.5	28.2	16.1	26.0	18.0	19.8	19.5	11.1
Finance Income	1.9	0.7	0.6	0.4	0.1	0.4	0.8	1.7	1.4	1.2	0.3
Finance Costs	6.3	7.0	12.8	8.3	3.9	4.0	4.8	4.4	2.6	1.8	0.7
Pretax Income	61.1	48.1	8.6	-5.1	21.1	12.3	22.3	14.0	18.6	18.4	8.2
Income Tax Expense	12.7	12.7	4.3	4.1	5.2	4.0	5.3	3.3	4.3	3.7	2.1
Net Income	48.5	35.3	4.3	-9.1	15.9	8.3	17.1	10.7	14.3	14.7	6.1
Total Comprehensive Income	37.5	49.3	4.6	-5.4	29.8	1.1	22.3	14.0	-0.9	17.3	7.0

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Assets	491.3	488.7	408.4	506.7	495.3	416.6	359.7	349.6	285.1	275.8	244.2
Current Assets	397.7	385.0	308.2	404.1	381.3	306.2	244.7	240.2	209.2	199.5	168.5
Cash & Cash Equivalents	42.3	31.2	23.9	24.8	10.4	11.1	22.5	9.2	30.0	28.5	6.5
Inventories	159.4	152.9	128.8	162.6	186.3	120.1	115.6	93.9	75.5	59.2	61.3
Trade Receivables	135.5	174.0	136.3	184.2	145.3	130.2	87.4	94.5	67.9	77.9	71.0
Non-current Assets	93.6	103.7	100.2	102.6	114.0	110.3	114.9	109.4	76.0	76.3	75.7
Property, Plant & Equipment	41.6	48.0	47.7	51.4	57.4	56.5	61.9	56.1	25.4	23.2	26.2
Intangible Assets	34.1	36.7	34.4	35.3	35.0	31.2	32.2	31.3	30.6	34.6	33.9
Total Liabilities	265.6	291.7	252.8	348.7	322.9	267.7	198.4	206.0	151.6	145.8	130.4
Current Liabilities	259.6	284.0	247.2	343.4	307.6	248.2	191.7	189.5	136.6	138.2	125.6
Non-current Liabilities	6.0	7.7	5.6	5.2	15.2	19.5	6.7	16.5	15.1	7.6	4.7
Total Equity	225.8	197.0	155.6	158.1	172.4	148.9	161.2	143.6	133.5	130.0	113.9
Share Capital	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.1
Retained Earnings	97.7	61.8	36.8	40.4	49.6	41.0	39.2	28.1	23.1	14.9	5.5

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Cash from Operating Activities	72.5	18.5	37.6	8.2	-32.5	-13.7	-22.8	20.6	-7.4	25.7	-5.1
Cash from Investing Activities	-29.4	-4.5	-3.8	-10.5	13.2	-15.6	9.7	-44.3	0.9	-1.2	9.9
Purchase of Property, Plant & Equipment	2.1	1.8	3.5	9.2	1.9	4.3	10.9	27.3	16.4	1.4	3.2
Cash from Financing Activities	-32.2	-6.9	-35.2	13.7	18.9	18.0	26.3	2.1	7.8	-2.9	1.1
Dividends Paid	8.7	7.9	8.4	7.3	6.9	11.5	6.2	6.1	6.9	4.7	4.3
Net Change in Cash	10.9	7.1	-1.4	11.4	-0.3	-11.3	13.2	-21.5	1.4	21.6	5.9

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	350.3	285.5	248.7	232.8	250.2	228.3	233.1	223.4	232.6	179.9
Cost of Revenue	319.9	257.5	—	210.6	219.3	204.4	217.2	205.0	211.0	164.2
Gross Profit	30.3	28.0	22.0	22.2	31.0	23.9	15.9	18.4	21.6	15.7
Selling, General & Administrative	5.1	7.9	—	—	—	—	—	—	—	—
Operating Income	25.3	20.1	13.1	14.8	23.6	15.3	7.8	12.5	14.7	9.7
Finance Income	0.9	0.7	0.7	0.6	0.4	0.3	0.2	0.2	0.1	0.2
Finance Costs	2.5	1.5	1.7	1.5	1.6	1.5	1.7	1.8	1.8	1.7
Pretax Income	24.0	19.5	9.3	14.4	23.6	13.8	10.1	10.3	18.2	9.5
Income Tax Expense	4.9	5.3	2.9	3.2	5.5	1.1	4.1	1.9	5.2	1.6
Net Income	19.1	14.2	6.3	11.2	18.2	12.7	6.0	8.4	13.0	8.0
Total Comprehensive Income	22.0	24.0	11.5	15.3	-0.8	11.5	18.9	6.1	13.1	11.2

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	576.4	533.2	491.3	460.8	440.2	477.3	488.7	441.3	465.3	418.5
Current Assets	479.4	436.8	397.7	365.3	346.0	375.9	385.0	343.7	364.4	317.0
Cash & Cash Equivalents	30.9	37.8	42.3	37.3	37.5	42.3	31.2	20.1	21.5	27.1
Inventories	196.3	172.9	159.4	144.6	134.6	150.5	152.9	139.7	156.8	131.3
Trade Receivables	178.6	157.9	135.5	143.0	139.5	159.9	174.0	159.1	161.7	138.3
Non-current Assets	97.0	96.4	93.6	95.5	94.2	101.4	103.7	97.5	100.9	101.5
Property, Plant & Equipment	42.7	42.7	41.6	41.8	41.6	46.6	48.0	45.6	47.9	47.6
Intangible Assets	36.3	35.7	34.1	36.1	35.6	36.3	36.7	34.2	35.0	35.0
Total Liabilities	308.1	282.7	265.6	246.5	241.2	274.8	291.7	263.2	293.4	257.8
Current Liabilities	302.0	276.7	259.6	240.5	235.0	268.4	284.0	256.3	285.9	251.8
Non-current Liabilities	6.1	6.1	6.0	6.1	6.2	6.4	7.7	6.9	7.4	6.0
Total Equity	268.3	250.4	225.8	214.3	199.0	202.5	197.0	178.0	172.0	160.7
Share Capital	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3
Retained Earnings	119.5	102.5	97.7	92.8	83.0	67.0	61.8	57.2	49.8	37.9

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Cash from Operating Activities	-22.2	2.8	20.5	-1.6	31.3	22.3	16.8	19.7	-27.6	9.6
Cash from Investing Activities	-8.1	-2.6	-11.3	-0.4	-15.8	-2.0	-0.6	-0.0	-1.0	-2.9
Purchase of Property, Plant & Equipment	0.6	0.4	0.4	0.7	0.6	0.4	0.7	0.2	0.5	0.3
Cash from Financing Activities	23.7	-4.8	-4.3	2.0	-20.6	-9.3	-5.3	-20.7	23.1	-4.0
Dividends Paid	—	—	0.0	0.0	—	—	0.0	0.0	—	—
Net Change in Cash	-6.6	-4.6	5.0	0.0	-5.1	11.0	11.0	-1.0	-5.6	2.7

Consolidated (CFS), from DART. 11 fiscal years and 10 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

229640 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	960.1	+10.5%	+5.5%	+10.6%	+17.0%
Operating income	66.8	+49.2%	+34.5%	+32.9%	+19.6%
Net income	48.5	+37.1%	—	+42.4%	+23.0%
EPS	₩1,583	+37.1%	—	+42.4%	+23.0%
Operating cash flow	72.5	+291.3%	+107.1%	—	—
Shareholders' equity	225.8	+14.6%	+12.6%	+8.7%	+7.1%

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

229640 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	10.3%	8.2%	7.8%	6.5%	8.2%	8.1%
Operating margin	7.0%	5.2%	4.0%	3.4%	3.8%	2.8%
Net margin	5.0%	4.1%	0.6%	-1.1%	2.1%	1.4%
Return on equity	22.9%	20.1%	2.7%	-5.5%	9.9%	5.3%
Return on assets	9.9%	7.9%	0.9%	-1.8%	3.5%	2.1%
Operating cash flow / revenue	7.6%	2.1%	5.1%	1.0%	-4.3%	-2.4%
Capex / revenue	0.2%	0.2%	0.5%	1.1%	0.2%	0.7%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.