Posco International (047050) Q1 2025 earnings summary

Executive summary

• Achieved year-over-year and quarter-over-quarter growth in sales and operating profit for 1Q25, with sales up 5.1% and operating profit up 1.8% compared to the same quarter last year.

• Improved financial soundness through reduction in debt and net debt ratio, with net debt down 6.4% year-over-year and net debt ratio at 59%.

Financial highlights

• 1Q25 sales reached KRW 8,154 billion, up 5.1% year-over-year.

• Operating profit for 1Q25 was KRW 270 billion, up 1.8% year-over-year.

• Net income for 1Q25 was KRW 204 billion, an 11.4% increase year-over-year.

• EBITDA for 1Q25 was KRW 400 billion.

Outlook and guidance

• Expansion in upstream and downstream energy business, including Senex expansion and new exploration projects in Malaysia and Indonesia.

• Anticipates solid LNG demand due to coal power reduction and renewable energy expansion, with plans to grow LNG and renewable power generation business.

• Material business aims to decouple from China and expand EV component supply, with significant orders and negotiations underway in North America and Europe.