What happened
L&F disclosed a supply contract, worth US$117M, about 7.51% of its recent annual revenue, running through Dec 2028.
For context, this single contract equals about 7.51% of the company's most recent annual revenue.
| Counterparty | Disclosed |
|---|---|
| Contract value | US$117M |
| vs. recent revenue | 7.51% |
| Through | Dec 2028 (from Sep 2026) |
| Filed | 2026-09-17, Supply contract signed |
| Source | DART rcept 20260917800658 → open original filing |
Read the full filing in English
Conclusion of Exclusive Sales and Supply Contract
1. Classification of Sales and Supply Contract Other Sales and Supply Contract - Contract Name: Lithium Iron Phosphate (LFP) Cathode Material Medium- to Long-Term Supply and Purchase Agreement
2. Contract Details Contract Amount (KRW): 161,733,060,000 Most Recent Sales (KRW): 2,154,938,965,103 Percentage of Sales (%): 7.51 Large Corporation Status: Applicable
3. Contracting Party SK On (SKON) and designated suppliers of the contracting party - Relationship with the Company: -
4. Sales and Supply Region All production facilities and designated suppliers of SK On, domestic and international
5. Contract Period Start Date: 2026-09-17 End Date: 2028-12-31
6. Principal Contract Terms Deposit/Advance Payment: None Payment Terms, etc.: -
7. Contract (Order) Date 2026-09-17
8. Disclosure Reservation Reason for Reservation: - Reservation Period: -
9. Other Material Matters Related to Investment Decisions - The above contract amount is a USD 118,200,000 contract for LFP cathode material supply over a total of 3 years, calculated by applying the official exchange rate of 1,368.30 KRW as of September 17, 2026. The final contract amount may fluctuate depending on future exchange rates. - The product selling price, which is the basis for calculating the above contract amount, is linked to raw material price fluctuations and may therefore vary depending on changes in major raw material prices. - The above contract amount is calculated by applying the most recent selling price to the customer's minimum purchase obligation quantity over 3 years and may fluctuate depending on actual supply quantity and selling price in the future. - The contract includes an extension option for an additional 3 years through December 31, 2031, by mutual agreement of both parties. The above disclosed amount and period do not include the additional extension option. - The contracting party for the above medium- to long-term supply and purchase agreement is the Company; however, the contract is structured such that performance of contractual obligations may be fulfilled including the Company's subsidiaries. - Implementation details of the above contract are planned to be continuously disclosed in quarterly, semi-annual, and business reports, and we request that you refer to this in making investment decisions. - The above most recent sales amount is the Company's consolidated sales for the fiscal year 2025. ※ Related Disclosures: -
Source: DART. Information only, not investment advice.