Posco International (047050) Q3 2024 earnings summary

Executive summary

• Revenue and operating profit continued an upward trend in 3Q24, with operating profit margin reaching a record high.

• EBITDA approached KRW 500 billion, supported by debt reduction and profit growth.

Financial highlights

• 3Q24 sales were KRW 8,356 billion, up 3.9% year-over-year.

• Operating profit rose 14.6% year-over-year to KRW 357 billion.

• Net income increased 15.9% year-over-year to KRW 238 billion.

• EBITDA for 3Q24 was KRW 492 billion, up 11.0% year-over-year.

Outlook and guidance

• Continued growth in energy segment expected, driven by strong demand in Eastern Australia.

• Natural graphite demand for battery applications projected to grow at a CAGR of 8.38% after 2023.