Posco Holdings Inc. · KRX:005490
Posco — FY2025 Earnings Presentation
16 slides from Posco's earnings presentation, Jan 29, 2026
Slide 1: POSCO HOLDINGS 2025 Full-year Earnings Release
POSCO HOLDINGS 2025 Full-year Earnings Release January 29, 2026
Slide 2: Disclaimer
DISCLAIMER This presentation was prepared to release information to shareholders, investors and the community pertaining to the company’s business outcomes, financial performance and key operations. The financial and business statements provided in the presentation are based on data available at the
Slide 3: 2025 Consolidated Business Performance
3 2025 Consolidated Business Performance Despite recovery in Steel, OP declined due to weak performance in Rechargeable Battery Mtrls. and Construction; 2026 profits expected to grow with commercial-scale lithium production and non-profit asset sales Income Revenue Operating Profit -+-OP Margin Rati
Slide 4: Safe Workplace Initiative Metrics and Update
rsafe WorkplaceJ Initiative Metrics and Update LTIFR1) ((No. of lost time injuries) x 1 mil./total hours worked) Accident rate (%, No. of accident victims7)/No. of workers covered by Workers’ Comp× 100) Global steel industry2) Korean companies 8) ’25 14 POSCO HOLDINGS and affiliates3) Avg. of Global
Slide 5: Key Business Activities: Steel
Key Business Activities In Steel, strengthen domestic operations by driving decarbonization technology and high-margin products; establish JVs overseas to implement end-to-end localization strategy steel Decarbonization Profitability and differentiation strategy Overseas expansion Begin HyREX demo p
Slide 6: Key Business Activities: Rechargeable Battery Materials and Lithium
Key Business Activities In 2026, POSCO-Argentina to begin commercial-scale lithium production; Australian mines to contribute to profits in 2H Lithium CAM/AAM Recycling Solid-state Battery • [P-Argentina] Complete ramp-up to begin generating profit under full production - Phase 1 to speed up normali
Slide 7: Portfolio Management Update
Portfolio Management Update 73 projects completed {‘24-‘25), generating KRW1.8 tril. in cash with progress rate of 57%; 55 projects remain to generate an additional KRW 1 tril. between ‘26-‘28 *Based on cash collected; KRW102.5 bil. demolition cost not included *Revised upward from original plan to
Slide 8: CAPEX
CAPEX [2025] Investment optimized as phase 1 Rechargeable Battery Mtrls. projects entered final stage (KRW7 tril.) [2026] CAPEX will temporarily increase due to upstream Steel (overseas) investment CAPEX 2026 Major Investments Steel Rechargeable Battery Mtrls. Infrastructure added to previously comm
Slide 9: POSCO Production/Sales Income
POSCO Production/Sales Income Despite price decline, OP climbed on cost drops in raw materials and production Selling price (carbon steel) ‘24) KRW985K/t ’25) KRW926K/t (L59) * ‘25. 03) KRW 911,000 /ton 04) KRW920,000 KRW/ton ‘24) 100 ’25) 83.8 (L16.2) * ‘25. 03) 100 04) 103.2 [‘25. Q4] Despite QoQ
Slide 10: Steel (overseas)
Steel (overseas) PT. Krakatau POSCO (Indonesia) Revenue Operating Profit (KRWbil.) PZSS (China) Revenue Operating Profit (KRW bil.) POSCO Maharashtra (India) Revenue Operating Profit (KRW bil.) PY VINA (Vietnam) Revenue Despite global market decline, OP improved on optimized sales strategy and cost-
Slide 11: POSCO FUTURE M Income
POSCO FUTURE M Income Revenue & OP by Segment (KRWbil.) Revenue Operating Profit -+- OP Margin (KRWbil., %) YoY 2023 2024 2025 YoY 2023 Revenue Re venue 4,760 3,700 2,939 Lo.761 6. 761 Energy Material 3,362 2,340 1,574 Lo.766 2024 Operating Profit + 32 Base Material 1,398 1,360 1,365 +5 OP Margin Op
Slide 12: POSCO International Income
POSCO International Income Revenue Operating Profit -+- OP Margin Revenue & Operating Profit by Segment (KRWbil., %) (KRWbil.) YoY 2023 2024 2025 YoY 2023 Revenue Re venue 33,133 32,341 32,374 +33 +33 Energy11 4,084 3,957 3,994 +37 2024 Operating Profit +48 Steel Mtrls. Etc. 21 29,049 28,384 28,380
Slide 13: POSCO E&C Income
POSCO E&C Income Revenue Operating Profit -+- OP Margin Revenue & Operating Profit by Segment (KRWbil., %) (KRWbil.) 2023 2024 2025 YoY YoY Re venue 10,166 9,469 6,903 2023 Revenue Plant 3,285 2,601 1,677 L.2,566 Infrastructure 1,602 1,374 741 Operating Profit Construction 5,045 5,519 4,294 2024 L.5
Slide 14: Summarized Consolidated Income Statement
Summarized Consolidated Income Statement 14 (KRW billion) 2023 2024 2025 Category YoY Revenue 77,127 72,688 69,095 .6.3,593 Gross Profit 6,417 5,413 5,166 .6.247 (Gross Margin) 8.3% 7.4% 7.5% 0.0% SG&A 2,885 3,239 3,339 100 Operating Profit 3,531 2,174 1,827 .6.347 (Operating Margin) 4.6% 3.0% 2.6%
Slide 15: Summarized Consolidated Balance Sheet
Summarized Consolidated Balance Sheet 15 (KRW billion) 2023 2024 2025 Category YoY Current Assets 46,212 44,030 43,848 .6.182 Cash Balance* 17,907 14,802 15,593 791 Accounts Receivable 11,015 10,822 11,198 376 Inventories 13,826 14,143 13,624 .6.519 Non-Current Assets 54,733 59,374 61,709 2,334 Tang
Slide 16: Signatures
posco HOLDINGS SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. POSCO HOLDINGS INC. (Registrant) Date: January 29, 2026 By /s/ Han, Young Ah (Signature)