South Korea · Delayed Price · Currency is KRW POSCO Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong sequential growth in revenue and profit, driven by lithium price recovery, improved overseas steel and infrastructure performance, and strategic transformation in steel and battery materials. Shareholder returns shift to a performance-linked model, and a major India JV was signed.
Fiscal Year 2025
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2025 saw a 5% revenue and 16% operating profit decline amid global headwinds, but 2026 is expected to mark a turnaround with overseas steel expansion, lithium ramp-up, and infrastructure investments driving profit recovery. Lithium sales volume is set to double, and key divestments will reduce deficits.
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Consolidated revenue and operating profit improved for three straight quarters, driven by cost-cutting, higher sales volume, and portfolio restructuring. One-off losses at POSCO E&C will be fully recognized in 2024, with profitability expected to normalize in 2026.
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Q2 2025 saw revenue of KRW 17.6 trillion and a 5.7% operating margin, with steel margins improving on cost cuts and automation, while battery materials faced higher deficits from ramp-up costs and low lithium prices. Asset restructuring and new lithium investments are underway, with optimism for H2 growth.
Fiscal Year 2024
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2024 saw revenue and profit declines due to steel oversupply and weak energy materials prices, with significant asset impairments in Q4. Despite these headwinds, new battery material plants were commissioned, restructuring generated cash, and 2025 is expected to see modest profit improvement.
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Q3 revenue and operating profit were stable, supported by high-end steel sales, but margins remain pressured by falling steel and lithium prices. Strategic expansion in India and ongoing restructuring aim to boost long-term growth and capital efficiency.
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Q2 2024 saw revenue and operating profit growth, led by steel and infrastructure, while battery materials posted losses amid EV market headwinds. Strategic asset restructuring and decarbonization initiatives continue, with cautious optimism for H2 profit improvement.