Posco Holdings Inc. · KRX:005490
Posco — Q2 2025 Earnings Presentation
17 slides from Posco's earnings presentation, Jul 31, 2025
Slide 1: POSCO Holdings 2025 Q2 Earnings Release
POSCO Holdings 2025. Q2 Earnings Release July 31, 2025
Slide 2: Disclaimer
2 Disclaimer This presentation was prepared and circulated to shareholders and investors to release information regarding the company’s business performance prior to completion of auditing for the period pertaining to the 2nd quarter of 2025. Given that this presentation is based on unaudited financ
Slide 3: Contents
Contents 3 Q2 ’25 Consolidated Business Performance Portfolio Management Update Performance by Key Business Sector I. Steel - POSCO · Production/Sales · Income - Overseas · PT-KP · PZSS · P-Maharashtra · PY-VINA - Structural cost innovation project · High value-add product development · HyREX techno
Slide 4: Q2 '25 Consolidated Business Performance
Q2 ’25 Consolidated Business Performance 4 OP margin grows QoQ on improved steel business performance Income (KRW bil., %pt) Financial Structure (KRW bil., %pt) Revenue OP Margin OP Margin Ratio QoQ Net Debt EBITDA Net Debt Ratio QoQ 18,510 △1.0%p 17,556 +119 19.0% 18.0% 4.1% 17,437 15.9% 11,694 10,
Slide 5: Portfolio Management Update
Portfolio Management Update 5 Cumulative to ’24 ~ ’25 1H, portfolio management progress rate is 45% with 56 projects completed and cash generation of KRW 1 trillion* * Based on cash collected; KRW 102.5 billion demolition cost not included. Project Scope 126 projects including 55 under-performing pr
Slide 6: POSCO
POSCO 6 Production/Sales (KRW bil., %) Income (KRW bil., %) Crude Steel (Kt) Sales Volume (Kt) Utilization Rate* QoQ Revenue OP Margin OP Margin Ratio QoQ % of Premium Plus Products Sold** 88.1% 84.4% 5.7% △3.7%p +1.8%p 79.1% 4.5% 3.9% △277 8,651 9,277 8,968 8,947 △21 8,374 8,169 8,001 8,148 +21 7,8
Slide 7: Steel (Overseas)
Steel (Overseas) 7 PT. Krakatau POSCO (Indonesia) (KRW bil.) PZSS (China) (KRW bil.) Revenue OP Margin QoQ Revenue OP Margin QoQ 676 △8 804 672 606 668 629 △43 32 △13 7 +25 △22 △19 △33 △14 Q2 ‘24 Q1 '25 Q2 '25 Q2 '24 Q1 '25 Q2 '25 POSCO Maharashtra (India) (KRW bil.) PY VINA (Vietnam) (KRW bil.) Rev
Slide 8: Structural Cost Innovation Project
Structural Cost Innovation Project 8 Structural cost-cutting through CX and DX projects: cost competitiveness recovery (CX); building the Intelligent Factory (DX) 【 OP Margin Rates of POSCO and Regional Steelmakers】 To reclaim unrivalled cost-competitiveness 8.9% POSCO(Steel) US-Europe 1) Japan 2) A
Slide 9: High Value-add Product Development
High Value-add Product Development 9 Developed high manganese steel* for cryogenic use to secure leadership in the global LNG materials market * Developed with POSCO’s proprietary technology, this new type of steel has high manganese content (Mn, 22.5~25.5%) and demonstrates excellent mechanical pro
Slide 10: HyREX Technology Development
HyREX Technology Development 10 HyREX passes MOTIE Pre-FS, laying the foundation to develop commercial technology HyREX demo technology Jan. '24 Apr. '24 development project Jun. '25 2028 Develop Commercial - Designated as a National Strategic - ESF Tapping Test Operate Technology HyREX passed Techn
Slide 11: POSCO Future M
POSCO Future M 11 Income (KRW bil., %) Revenue & OP by Segment (KRW bil.) Revenue OP Margin OP Margin Ratio QoQ Q2 '24 Q1 '25 Q2 '25 QoQ Revenue 915 845 661 △184 915 Energy Material 593 505 316 △189 △184 845 Base Material 322 340 345 +5 661 △1.9%p Operating Profit 3 17 1 △16 2.0% 0.3% Energy Materia
Slide 12: Key Updates on the Rechargeable Battery Mtrls Business
Key Updates on the Rechargeable Battery Mtrls Business 12 s Strengthen competitiveness by performing R&D, building a non-China supply chain, and enhancing financial soundness ① Securing DLE adsorbents and adsorption and desorption system development began 【Paradox Basin, Utah, USA】 New R&D and in ’1
Slide 13: POSCO International
POSCO International 13 Income (KRW bil.,%) Revenue & OP by Segment (KRW bil.) Revenue OP Margin OP Margin Ratio QoQ Q2 ‘24 Q1 ‘25 Q2 ‘25 QoQ Revenue 8,282 8,154 8,144 △10 4.2% +0.6%p 3.9% 1) Energy 1,063 858 921 +63 3.3% 8,282 Steel Mtrls, etc. 2) 7,219 7,296 7,223 △73 8,154 8,144 △10 Operating Prof
Slide 14: POSCO E&C
POSCO E&C 14 Income (KRW bil., %) Revenue & OP by Segment (KRW bil.) Revenue OP Margin OP Margin Ratio QoQ Q2 '24 Q1 '25 Q2 '25 QoQ Revenue 2,588 1,814 1,866 +52 1.7% 1.3% Plant 767 423 481 +58 Infrastructure 375 239 213 △26 △4.9% △6.2%p Construction 1,454 1,157 1,173 +16 2,588 Consolidated Accounts
Slide 15: Appendix
Appendix 15 Summarized Income Statement Summarized Balance Sheet
Slide 16: Summarized Consolidated Income Statement
Summarized Consolidated Income Statement 16 (KRW bil.) Category Q2 '24 Q1 '25 Q2 '25 QoQ Revenue 18,510 17,437 17,556 +119 Gross Profit 1,495 1,336 1,385 +49 (Gross Margin) 8.1% 7.7% 7.9% 0.2% SG&A 743 767 778 +11 Operating Profit 752 568 607 39 (Operating Margin) 4.1% 3.3% 3.5% 0.2% Profit Before T
Slide 17: Summarized Consolidated Balance Sheet
Summarized Consolidated Balance Sheet 17 (KRW bil.) Category Q2 '24 Q1 '25 Q2 '25 QoQ Current Assets 47,182 44,291 43,658 △633 Cash Balance* 18,911 15,497 16,544 +1,047 Accounts Receivable 11,405 11,139 11,095 △44 Inventories 13,486 13,319 12,338 △981 Non-Current Assets 58,105 57,833 57,512 △321 Tan