POSCO Reports Higher Q2 Earnings Amid Operational Improvements
POSCO Holdings reported stronger second-quarter earnings, driven by improved performance across its steel, rechargeable battery materials, and energy businesses. The company recorded consolidated revenue of KRW 19.3 trillion in the quarter, up from the previous period, with operating profit rising to KRW 819 billion—a sequential increase of 16%. EBITDA reached KRW 1.9 trillion for Q2. Capital expenditures amounted to KRW 2 trillion during the second quarter and totaled KRW 3.7 trillion in H1 2026. Despite challenges such as energy-supply risks from Middle East conflicts and a weak Korean won, POSCO's steel business saw profit growth due to higher production volumes and partial price increases. The company expects continued improvement in Q3. POSCO Argentina also achieved its first quarterly operating profit of KRW 11 billion amid rising sales volume and revenue. Management highlighted progress on the new electric arc furnace facility as a strategic move toward addressing European environmental regulations.
Topics: energy business lithium operations rechargeable battery materials steel industry