LG UplusLG유플러스

LG Uplus shows steady sales but lower profit than in 2022, and its shares have fallen over the past year.

LG Uplus, a Korean mobile and telecom operator, reported trailing twelve-month revenue of ₩15.36T and operating income of ₩0.95T through H1 2026. Its close of ₩14,030 sits near the bottom of its 52-week range (₩13,810 to ₩18,800), and the stock is down 7.5% over one year. Recent filings and news cover a securities issuance, a sustainability report correction, and a security issue tied to a reported hacking cover-up.

What stands out

• Revenue grew 5.7% in 2025 to ₩15.45T, but operating income fell from ₩1.08T in 2022 to ₩0.89T in 2025, and the operating margin narrowed from 7.8% to 5.8%.
• Net income rose to ₩0.52T in 2025 from ₩0.37T in 2024, but it is still below the ₩0.71T reported in 2021.
• Borrowings of ₩5.77T against cash of ₩1.18T leave liabilities at 114.1% of equity, while trailing free cash flow was ₩1.46T.
• At 11.1x earnings and 0.7x book value, the stock trades below SK Telecom (20.7x) but above KT (8.9x) and most smaller listed peers, and it pays no dividend.
• Foreign ownership eased to 40.5% from 41.8% over 60 days, and foreign investors were net sellers over the last 20 days, while domestic institutions were net buyers.

What to watch

• The CEO has said he would take responsibility if a hacking cover-up is confirmed, so any official findings or regulatory steps on that matter could affect the company.
• A series of securities registration and issuance filings from October 2026 may point to new fundraising; the filings give the details.
• The next periodic results and any update on the Paju AI data center plan, which the company profile describes but the data does not give a timeline or cost for.