Posco International (047050) Q1 2025 earnings summary

Executive summary

• Q1 2025 sales reached KRW 8,154 billion, with operating profit of KRW 270 billion and net income of KRW 204 billion, reflecting year-over-year growth in sales and profit.

• Trading accounted for 87.8% of sales and energy for 12.2%, with steel products dominating the portfolio.

• Completed the absorption of POSCO Energy, strengthening LNG value chain and energy business integration.

• 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

• Q1 2025 sales were KRW 8,154 billion, up 5.1% year-over-year.

• Operating profit for Q1 2025 was KRW 270 billion, up 1.8% year-over-year.

• Net income for Q1 2025 was KRW 204 billion, an 11.4% increase year-over-year.

• EBITDA for Q1 2025 was KRW 400 billion.

• Basic EPS: KRW 1,172 (Q1 2024: KRW 1,035).

Outlook and guidance

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

• Plans to expand global energy business, focusing on LNG and renewables, with ongoing investments in LNG terminal expansion and upstream gas field development.

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