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Revenue at LG Electronics' Russian unit fell by 4.5 billion rubles to 37 billion rubles in 2025, Kommersant reported, citing financial statements.

Net profit was flat at 2.5 billion rubles, helped by lower material costs, which dropped by 6.5 billion rubles year on year, and a workforce reduction by 76 to 777 employees, the paper said.

The unit is also a major lender to LG’s European subsidiary, LG European Shared Services Center B.V. in the Netherlands. The outstanding loan shrank to 14.5 billion roubles from 18 billion over the year, while interest income totalled 666 million roubles in 2025, down from 838 million a year earlier.

Although payments from the parent company, LG Electronics Inc., to the Russian legal entity for goods fell by a third from 30.9 billion to 24.5 billion rubles, payments under the “Royalties and Licenses” category – fees for the use of the brand when importing finished equipment – tripled to 338 million rubles.

LG boosted its revenue in 2024 through resales, importing appliances via China, Belarus, and the United Arab Emirates. It also explored leasing its plant near Moscow to the DNS retailer to produce electronics and home appliances under China's Konka brand. The deal fell through, and by 2025 the grey import model had become irrelevant, weighing on sales, Kommersant said.

LG Electronics said it suspended shipments to Russia in March 2022. Its Russian subsidiary owns a plant in Dorokhovo near Moscow that produced washing machines, refrigerators, and televisions until 2022. A trial restart was announced last March to prevent equipment deterioration.

In early 2026, LG Electronics filed two trademark applications with Rospatent.