POSCO Holdings Inc. (PKX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Thank you for joining us for the Postco Holdings earnings call. Today we will have a presentation by Postco Holdings followed by a Q&A session with our participants. If you would like to ask questions, please press star followed by number one on your phone. Now let us begin Postco Holdings earnings presentation for first quarter of 2025. Greetings, everyone. I am head of the Finance and IR Division at POSCO Holdings. My name is Kim Seung Joon. I'd like to extend my appreciation to all investors who are attending this meeting for taking time out of your busy schedule. As we're all aware, including investors, the first quarter witnessed the global tariff war materialize, which has intensified economic uncertainty. Despite this headwind, POSCO Holdings achieved improvement against the previous quarter. In Q1, consolidated revenue hit $17.4 trillion won and operating profit $570 billion won. Looking at the general overview by key businesses, despite lingering volatility in export volume and FX rates, the domestic steel market is showing moderate signs of stability. In addition, iron ore and coking coal prices have also become more stable. POSCO Future M is selling more CAM and M, while POSCO International's gas field business continues to perform well. While these Q1 results are insufficient to jump to the conclusion that we have made a turn toward clear recovery, we do, however, have signals that allow positive assessments little by little. Therefore, barring unexpected exigencies out of left field, we are carefully optimistic that things cannot get any worse from here. Next, I turn to a topic that I'm sure many have read in the media. I'd like to address our MOU signed with Hyundai Motor Group. As was illustrated in the POSCO Holdings Corporate Value En...