Posco Future M Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	2,850,819	2,938,698	3,699,944	4,759,871	3,301,916	1,989,542
Other Revenue	-0	-0	-0	-0	-	-0
Revenue	2,850,819	2,938,698	3,699,944	4,759,871	3,301,916	1,989,542
Revenue Growth (YoY)	-16.32%	-20.57%	-22.27%	44.16%	65.96%	27.03%
Cost of Revenue	2,599,110	2,684,513	3,467,231	4,506,462	2,969,792	1,752,680
Gross Profit	251,709	254,185	232,713	253,410	332,124	236,862
Selling, General & Admin	175,922	183,762	180,500	167,448	120,481	91,832
Research & Development	39,548	35,416	40,926	39,837	38,746	18,571
Amortization of Goodwill & Intangibles	6,765	6,143	4,468	3,100	1,654	1,695
Other Operating Expenses	-	-	-	1,674	871.31	440.9
Operating Expenses	230,766	233,792	232,030	217,528	166,252	115,186
Operating Income	20,943	20,393	683.03	35,882	165,872	121,676
Interest Expense	-74,633	-60,525	-70,794	-50,542	-11,561	-9,200
Interest & Investment Income	20,830	19,082	21,433	16,226	20,004	17,617
Earnings From Equity Investments	-7,120	-8,295	-95,215	-30,920	21,003	17,468
Currency Exchange Gain (Loss)	-25,241	-23,063	-41,925	1,728	-12,670	392.48
Other Non Operating Income (Expenses)	32,148	17,152	72,477	19,439	13,091	12,936
EBT Excluding Unusual Items	-33,074	-35,256	-113,341	-8,187	195,740	160,889
Gain (Loss) on Sale of Investments	27.2	853.17	7,529	47,697	-60,066	-3,081
Gain (Loss) on Sale of Assets	-1,128	51,498	-88.66	-1.1	-907.25	-275.02
Asset Writedown	-26,527	-26,967	-325,200	-55,601	-821.41	-11,503
Other Unusual Items	-	-	-805.46	-	-	-
Pretax Income	-60,702	-9,872	-431,906	-16,092	133,945	146,030
Income Tax Expense	-54,577	-46,394	-200,568	-20,527	12,016	12,268
Earnings From Continuing Operations	-6,125	36,522	-231,338	4,435	121,929	133,762
Minority Interest in Earnings	-8,016	-4,260	19,015	24,287	-3,662	398.42
Net Income	-14,140	32,262	-212,323	28,722	118,267	134,160
Preferred Dividends & Other Adjustments	28,071	28,071	762.18	-	-	-
Net Income to Common	-42,211	4,192	-213,086	28,722	118,267	134,160
Net Income Growth	-	-	-	-75.71%	-11.85%	353.65%
Shares Outstanding (Basic)	-	82	77	77	77	77
Shares Outstanding (Diluted)	-	82	77	77	77	77
Shares Change (YoY)	-	6.33%	0.02%	-0.02%	1.19%	25.46%
EPS (Basic)	-	50.91	-2751.95	371.01	1527.44	1753.38
EPS (Diluted)	-	50.91	-2751.95	371.01	1527.44	1753.38
EPS Growth	-	-	-	-75.71%	-12.89%	261.59%
Free Cash Flow	-1,321,574	-1,532,492	-1,370,795	-1,797,301	-720,100	-448,891
Free Cash Flow Per Share	-	-18613.37	-17703.46	-23216.20	-9300.24	-5866.68
Dividend Per Share	250.000	250.000	-	250.000	300.000	300.000
Dividend Growth	-	-	-	-16.67%	-	-
Gross Margin	8.83%	8.65%	6.29%	5.32%	10.06%	11.91%
Operating Margin	0.73%	0.69%	0.02%	0.75%	5.02%	6.12%
Profit Margin	-1.48%	0.14%	-5.76%	0.60%	3.58%	6.74%
Free Cash Flow Margin	-46.36%	-52.15%	-37.05%	-37.76%	-21.81%	-22.56%
EBITDA	229,505	223,323	184,821	173,468	258,139	202,857
EBITDA Margin	8.05%	7.60%	5.00%	3.64%	7.82%	10.20%
D&A For EBITDA	208,562	202,930	184,138	137,585	92,267	81,181
EBIT	20,943	20,393	683.03	35,882	165,872	121,676
EBIT Margin	0.73%	0.69%	0.02%	0.75%	5.02%	6.12%
Effective Tax Rate	-	-	-	-	8.97%	8.40%
Advertising Expenses	-	3,038	3,534	4,190	3,133	2,424

Source: S&P Global Market Intelligence. Standard template. Financial Sources.