Quarterly ResultJul 30, 2026, 09:19 AM
POSCO HOLDINGS Q2 Revenue 19.26T KRW; Net Profit 0.76T KRW
AI Summary
POSCO HOLDINGS INC. reported strong provisional consolidated financial results for Q2 2026, with revenue reaching 19.26 trillion KRW, operating profit of 0.82 trillion KRW, and net profit of 0.76 trillion KRW, showing significant increases both quarter-over-quarter and year-over-year. The company also made substantial progress in its strategic initiatives, including a $765 million investment to secure lithium resources in Australia and the groundbreaking of an LFP cathode plant. Furthermore, POSCO completed a high-purity rare gas plant and continued its portfolio management efforts, generating 2.2 trillion KRW in cash from divestments.
Key Highlights
- Q2 2026 Revenue reached 19.26 trillion KRW, up 7.7% QoQ and 9.7% YoY.
- Q2 2026 Operating Profit was 0.82 trillion KRW, increasing 15.9% QoQ and 34.9% YoY.
- Q2 2026 Net Profit surged to 0.76 trillion KRW, up 40.1% QoQ and 808.0% YoY.
- Q2 2026 EPS was 7,785 KRW, significantly higher than 5,896 KRW in Q1 2026.
- Invested $765M for a 30% stake in an intermediate holding company to secure Australian lithium offtake rights.
- Broke ground on Pohang LFP cathode plant, targeting commercial production by December 2027.
- Completed a high-purity rare gas plant in Gwangyang, localizing key materials for semiconductors.
- Generated 2.2 trillion KRW in cumulative cash from 85 portfolio divestment projects since 2024.
Price Impact
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