POSCO Holdings Inc. (PKX) Q1 2025 Earnings Call

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WEBVTT 00:00:01.853 -- 00:00:07.299 Good afternoon. Thank you for joining us for the Postco Holdings earnings call. 00:00:07.299 -- 00:00:12.384 Today we will have a presentation by Postco Holdings followed by a Q&A 00:00:12.384 -- 00:00:15.147 session with our participants. 00:00:15.147 -- 00:00:19.932 If you would like to ask questions, please press star followed by number one on your 00:00:19.932 -- 00:00:25.077 phone. Now let us begin Postco Holdings earnings presentation for first quarter 00:00:25.077 -- 00:00:27.137 of 2025. 00:00:30.693 -- 00:00:34.957 Greetings, everyone. I am head of the Finance and IR Division at POSCO Holdings. 00:00:34.957 -- 00:00:39.321 My name is Kim Seung Joon. I'd like to extend my appreciation to all investors who are 00:00:39.321 -- 00:00:43.823 attending this meeting for taking time out of your busy schedule. 00:00:44.506 -- 00:00:49.490 As we're all aware, including investors, the first quarter witnessed the global tariff 00:00:49.490 -- 00:00:54.095 war materialize, which has intensified economic uncertainty. 00:00:54.095 -- 00:00:59.363 Despite this headwind, POSCO Holdings achieved improvement against the previous quarter. 00:00:59.363 -- 00:01:04.510 In Q1, consolidated revenue hit $17.4 trillion won and operating 00:01:04.510 -- 00:01:08.223 profit $570 billion won. 00:01:08.223 -- 00:01:12.913 Looking at the general overview by key businesses, despite lingering volatility in export 00:01:12.913 -- 00:01:18.624 volume and FX rates, the domestic steel market is showing moderate signs of stability. 00:01:18.624 -- 00:01:22.793 In addition, iron ore and coking coal prices have also become more stable. 00:01:22.793 -- 00:01:27.823 POSCO Future M is selling more CAM and M, while POSCO International's gas field 00:01:27.823 -- 00:...