Revenue and Operating Profit Recovery
POSCO Holdings reported a consolidated revenue of KRW17.4 trillion and operating profit of KRW570 billion for Q1 2025. Operating profit rebounded from KRW95 billion in the previous quarter to KRW568 billion, reaching the same level as the previous year.
Strategic Alliances and Expansion Plans
POSCO signed a comprehensive MOU with JSW Group in India for collaboration in steel, energy materials, and renewable energy. Additionally, POSCO plans to strengthen collaboration with Hyundai Motor Group to invest in a steelmaking plant in the US and develop next-generation battery materials.
Improvement in Operating Profit Margins
POSCO's operating profit margin improved to 3.9% in Q1 2025. Overseas steel business also showed improvement, with reduced losses at China's Zhangjiagang plant.
POSCO Future M's Turnaround
POSCO Future M achieved a turnaround to profit in the energy materials segment, contributing to reduced overall operating losses by half quarter-on-quarter.
Asset Divestitures and Cash Generation
POSCO divested six assets in Q1 2025, raising KRW286.6 billion. Since last year, cumulative cash generated reached KRW949.1 billion with 51 projects completed.