Quarterly ResultApr 30, 2026, 01:53 PM
PKX Q1 Revenue 17.88T KRW; OP 0.71T KRW, +5473% QoQ; Net Profit Turnaround
AI Summary
POSCO HOLDINGS INC. reported strong provisional Q1 2026 consolidated earnings, with revenue reaching 17.88 trillion KRW, a 6.1% increase QoQ. Operating profit saw a significant turnaround, surging to 0.71 trillion KRW from 0.01 trillion KRW in Q4 2025, and net profit also turned positive at 0.54 trillion KRW from a loss. The company also announced a new shareholder return policy for 2026-2028, targeting 35-40% of adjusted net profit, and signed a Joint Venture agreement with JSW to build an integrated steel mill in India. Profitability improved across Rechargeable Battery Materials and Infrastructure segments.
Key Highlights
- Signed JV with JSW to build a 6 Mtpa integrated steel mill in India by 2031.
- New shareholder return policy (2026-2028) targets 35-40% of adjusted net profit.
- Q1 2026 Revenue 17.88 trillion KRW, up 6.1% QoQ and 2.5% YoY.
- Q1 2026 Operating Profit 0.71 trillion KRW, up 5472.8% QoQ and 24.3% YoY.
- Q1 2026 Net Profit 0.54 trillion KRW, a turnaround from Q4 2025 loss.
- Rechargeable Battery Materials segment revenue increased 52% QoQ to 0.98 trillion KRW.
- POSCO Argentina Phase 1 began commercial production, offsetting losses.
- New electrical furnace to begin operation in June 2026, adding 2.5Mtpa crude steel capacity.