Earnings ·
POSCO Holdings Inc. reported provisional Q2 2026 consolidated revenue of KRW 19.26 trillion and operating profit of…
PKXPosco Holdings Inc.
POSCO Holdings Inc. reported provisional Q2 2026 consolidated revenue of KRW 19.26 trillion and operating profit of KRW 819 billion, representing year-over-year increases of 9.7% and 34.9%, respectively. Net profit attributable to controlling interest surged 328.3% to KRW 617 billion, driven by improved margins in Steel, Rechargeable Battery Materials, and Infrastructure segments. The company also announced strategic initiatives including a DLE demo plant agreement with Anson Resources, an LFP cathode plant groundbreaking at Pohang, and a $765 million investment for a 30% stake in an Australian lithium mine via MinRes. Additionally, POSCO completed its largest domestic EAF facility and signed a rare earth partnership with ReElement Technologies. The company operates in the steel, materials, and infrastructure sectors.