L&F Earnings Surprise… Continued Production Growth and 46mm Cathode Shipments Begin

Q4 operating profit KRW 82.4 billion ‘Earnings Surprise’… Up 273% QoQ, marking the second consecutive quarter of operating profit growth
Growth momentum strengthened through exclusive Ni95% high-nickel supply and full-scale 46mm new product shipments
2026 shipments expected to increase by cver 20%, projecting record-High NCM sales
Launching initial LFP in 2026 to meet surging ESS demand from AI data centers

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