Hyundai Steel Company (004020) Q4 2025 earnings summary

Executive summary

• Operating profit improved year-over-year due to lower raw material prices and cost-reduction initiatives.

• Profitability further supported by increased sales of high value-added products and improved flat-steel margins.

• Strategic investments and expansion in global markets, including a major US EAF mill project, are underway.

Financial highlights

• Consolidated revenue decreased to KRW 22,733bn in 2025 from KRW 23,226bn in 2024, a drop of KRW 493bn.

• Operating profit rose to KRW 219bn in 2025 from KRW 159bn in 2024, with margin improving from 0.7% to 1.0%.

• Net profit remained low at KRW 1bn in 2025, compared to KRW 9bn in 2024.

• Non-consolidated revenue fell to KRW 17,800bn in 2025 from KRW 18,618bn in 2024.

• Non-consolidated operating profit increased to KRW 89bn in 2025 from KRW 15bn in 2024.

Outlook and guidance

• 2026 sales volume planned to increase by 1.8% to 17.35 million tons.

• Focus on expanding high value-added automotive steel and low-carbon steel products.

• Commercial production at the US EAF mill targeted for 1Q 2029.