Several leading energy storage companies have released their 2025 financial results, showing a broad recovery driven by rising global demand and cost‐efficiency measures. LG Energy Solution, REPT BATTERO, and Shanshan Co., Ltd. returned to profitability or completed turnarounds, while Clou Electronics and Narada Power significantly narrowed their losses. Despite some exposure to overseas market fluctuations, the sector’s “energy storage engine” has underpinned an overall performance rebound.
LG Energy Solution reported consolidated revenue of KRW 23.7 trillion for 2025, a 7.6% decline year-on-year, alongside a 133.9% jump in operating profit to KRW 1.3 trillion, representing a 5.7% margin including North American production incentives. The company has localized lithium-iron phosphate battery production in North America and plans to expand from pouch-type to prismatic cells. Enhanced system integration lifted competitiveness, resulting in a 140 GWh order backlog. For 2026, LG Energy Solution aims to secure more than 90 GWh of new energy storage orders and boost global capacity above 60 GWh—over 80% of which will be in North America—by expanding its Holland and Lansing plants and selectively using joint-venture lines.
Narada Power expects its 2025 net loss attributable to shareholders to range from RMB 890 million to RMB 1.25 billion, with non-recurring losses between RMB 930 million and RMB 1.29 billion. Its strategic shift toward lithium battery operations reduced revenue from lead recycling from over 40% to about 15% of total revenue, while energy storage grew from 50% to roughly 75% of sales.
REPT BATTERO forecasts a net profit of RMB 630 million to RMB 730 million for 2025, reversing a RMB 1.35 billion loss in 2024. Shipment growth—55.4 GWh in the first three quarters—and improved capacity utilization and cost controls drove revenue and margin gains.
Clou Electronics expects a 2025 net loss of RMB 115 million to RMB 170 million, down from RMB 464 million a year earlier, as higher energy storage project deliveries boosted revenue.
APsystems projects a net loss of RMB 115 million to RMB 140 million, compared with a RMB 140 million profit in 2024, citing European photovoltaic market volatility and increased R&D investment.
Shanshan Co., Ltd. anticipates a net profit of RMB 400 million to RMB 600 million for 2025, up from a RMB 367 million loss in 2024, driven by robust anode material demand, expanded capacity, and reduced corporate expenses.
Source: EnergyTrend
