Posco International (047050) Q1 2026 earnings summary

Executive summary

• Achieved highest quarterly operating profit since merger, with Q1 2026 revenue at KRW 8,410.4 billion, up 3.4% year-over-year, and net income at KRW 277.3 billion.

• Continued earnings growth in both energy and material segments, with notable contributions from palm business consolidation.

• The materials segment contributed 86.7% of sales, while energy accounted for 13.3%.

• Export and three-country trade made up 84.1% of total sales, with Asia as the largest regional market.

• Major investments included expansion of LNG terminal capacity and acquisition of Indonesian palm oil assets.

Financial highlights

• Sales reached KRW 8,410B, up 3% year-over-year for 1Q26.

• Operating profit rose 32% year-over-year to KRW 358B.

• Net income increased 36% year-over-year to KRW 277B.

• EBITDA grew 23.5% year-over-year to KRW 501B.

• Cash and cash equivalents at quarter-end were KRW 1,111.6 billion.

Outlook and guidance

• Strengthening mid- to long-term competitiveness in energy through value chain execution and risk management amid geopolitical volatility.

• Expansion of supply chain for core materials and optimization of palm value chain expected to drive future growth.

• Guidance emphasizes strengthening global supply chains, expanding renewable energy, and maintaining a balanced portfolio.

• Management expects ongoing volatility in energy markets but anticipates stable growth in core segments.