POSCO Holdings' Q1 2026 Net Profit Reaches 543 Billion Won

en.Wedoany.com Reported - South Korean steelmaker POSCO Holdings has released its financial results for the first quarter of 2026. The company reported a net profit of 543 billion won, compared to a net profit of 311 billion won in the same period of 2025, following a net loss in the fourth quarter of 2025. Operating profit for the period stood at 344 billion won, unchanged from the fourth quarter of 2025.

At the steel business level, POSCO's first-quarter operating profit was 707 billion won, down from 568 billion won in the same period of 2025, but a significant recovery from the 130 billion won recorded in the fourth quarter of 2025. Consolidated sales for the quarter amounted to 17.87 trillion won, down 6.1% year-on-year and 2.5% quarter-on-quarter. Net profit was 543 billion won, an improvement from 344 billion won in the same period of 2025, and a reversal from the net loss position in the previous quarter.

During the quarter, POSCO produced 8.82 million metric tons of crude steel, up 1.1% quarter-on-quarter and 1.9% year-on-year; finished steel product sales increased 1.6% year-on-year to 8.28 million metric tons. Although overall profitability improved, rising raw material costs, increased freight charges, and exchange rate fluctuations continued to pressure steel business margins. The company expects demand from infrastructure, energy transition, and battery materials sectors to remain strong.

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