POSCO Holdings: Q1 Operating Profit KRW 706.8B, Strong Performance and Enhanced Shareholder Returns

Q1 2026 consolidated revenue KRW 17.88T, operating profit KRW 706.8B, net profit attributable to parent KRW 467.2B (71% of FY2025 annual), strong performance
Announced mid-term shareholder return policy (2026-2028): 35-40% of adjusted net profit for dividends and share buybacks/cancellation
Canceled 1,691,425 treasury shares in Feb 2026; declared cash dividend of KRW 2,000 per share in May (total KRW 151.2B)
Steel segment revenue KRW 9.3T, operating profit KRW 345.1B (robust vs FY2025 annual KRW 1.96T); Infrastructure segment operating profit KRW 405.2B
Secondary battery materials segment operating loss KRW 6.8B but narrowing; Others (holding) operating profit KRW 747.3B
Debt-to-equity ratio 70.9%, cash and cash equivalents KRW 7.07T, stable financial structure
Consolidated entities: 202 (4 new additions: POS-Louisiana, Centrux LNG, Gail International Korea, Yingkou PFM)
Contingent liabilities: POSCO E&C PF guarantees KRW 1.55T; 432 lawsuits (KRW 1.22T); allowance for doubtful accounts KRW 1.42T (8.2%)
Growth projects: Louisiana EAF JV (20% stake), India JSW integrated steel mill investment underway