LG Electronics has opened 2026 with a milestone: record-breaking first‑quarter revenues of 23.7 trillion won (€13.7 billion), the highest in the company’s history. The chaebol also reported operating profits of 1.67 trillion won (nearly €1 billion)—a solid increase compared to Q1 2025, despite a global climate still marked by uncertainty.

Household Appliances Remain a Growth Engine

LG’s core businesses—particularly home appliances—continue to deliver stable growth. What’s notable is how the company is achieving it. LG is increasingly shifting toward a leasing‑based business model, active in several Asian markets and the United States. Instead of selling appliances outright, LG offers long‑term operating leases, creating recurring revenue streams and deeper customer retention.

This model is proving profitable, especially as consumers seek flexibility and predictable costs in managing large household appliances.