LG Display (NYSE:LPL) slumped to a fourth-quarter loss, weighed down by the heavy costs of a massive workforce restructuring and a strategic retreat from the increasingly commoditized LCD market.
The Seoul-based manufacturer, a primary supplier for Apple (NASDAQ:AAPL) and parent LG Electronics, posted a net loss of $245.7 million (351 billion won) for the three months ended Dec. 31.
The loss, equivalent to 24 cents per share, came despite a slight sequential rise in revenue to $4.97 billion, supported by resilient demand for high-end mobile and automotive panels.
The red ink was largely a product of "one-off" expenses.
LG Display spent more than 90 billion won in the quarter on voluntary retirement programs as it seeks to lean out its operations.
Additionally, the company recognized foreign currency translation losses due to a volatile year-end exchange rate.
Excluding these items, management noted that underlying operating performance actually improved, hitting the black for the first time in four years on an annual basis.
For the full year 2025, LG Display managed a profit of $159.3 million, or 21 cents per share, on total revenue of $18.16 billion.
The company is now "all-in" on OLED (organic light-emitting diode) technology.
OLED products accounted for a record 65% of revenue in the fourth quarter, up from 42% just a year ago.
As part of this transition, LG Display finalized the exit from its large-scale LCD business, selling its Gwangju plant in China to focus capital on next-generation displays for gaming monitors and "AI-defined" vehicles.