POSCO STEELEON Q1 2026 Results and Stock Split Key Points

Stock split: April 10, 2026, par value per share from 5,000 won to 500 won (1:10). Shares outstanding from 6M to 60M, treasury shares 94,100.
Consolidated Q1 2026 performance: Revenue 279.3B won, operating profit 6.3B won, net profit 6.9B won. Operating margin 2.25%.
Subsidiary Myanmar POSCO C&C weakness: Q1 2026 sales 5.27B won (vs. 8.42B in Q1 2025), net profit 0.31B won (vs. 2.29B).
Risk: US 50% tariff on steel and aluminum (effective June 2025) creates estimation uncertainty.
Financial structure: Total assets 539.0B won, liabilities 150.8B won, equity 388.2B won. Borrowings 13.4B won (current), cash 81.6B won.
Major shareholder: POSCO (56.87%), holding 34,120,000 shares after split.
Lawsuit: Defendant in a damage claim (271M won) ongoing, not material.