POSCO Holdings (005490) Q3 2025 earnings summary

Executive summary

• Operating profit recovery continued for three consecutive quarters, despite weak performance in the construction segment and losses at POSCO E&C.

• Group-wide safety initiatives and emergency measures were implemented, including a new safety task force, accident prevention plans, and enhanced safety accountability.

Financial highlights

• Q3 2025 consolidated revenue was KRW 17,261 billion, down from KRW 17,556 billion in Q2 2025.

• Operating profit rose to KRW 639 billion, up KRW 32 billion sequentially; net profit increased to KRW 387 billion from KRW 84 billion in Q2 2025.

• EBITDA margin improved to 9.6% from 9.3% in Q2 2025.

• EPS rebounded to KRW 5,200 from KRW 1,975 in the previous quarter.

• POSCO E&C recorded a one-time cost of KRW 288.1B in Q3 and expects an additional KRW 230B in Q4 related to the Sinansan Line incident and business suspension.

Outlook and guidance

• Additional KRW 1.2 trillion in cash generation targeted through 63 portfolio projects by 2027.

• Steel profits are expected to increase in 2026 as market normalization and efficiency upgrades take effect.

• POSCO E&C is expected to return to normal profitability in 2026 after booking most one-off losses in 2024.

• Lithium operations anticipate ramp-up completion by early next year, with potential for profit improvement as prices rebound.

• Continued focus on safety, operational efficiency, and portfolio optimization.