POSCO Future M Q1 2026: Operating Profit of KRW 17.7B, Maintains Dividend of KRW 250 per Share

Q1 2026 consolidated sales KRW 757.5B, operating profit KRW 17.7B (OP margin 2.3%), achieving 54% of FY2025 annual OP in one quarter
Energy materials (cathode/anode) posted an operating loss of KRW 1.1B; basic materials (refractories/lime) drove overall profit
Net profit KRW 6.3B (controlling interest KRW 2.7B, EPS -67 won, diluted EPS -67 won)
FY2025 year-end dividend set at KRW 250 per share (same as prior year), cash dividend payout ratio ~6.9% on consolidated basis
Hybrid equity securities outstanding KRW 600B (maturity 2054, subordinated, equity credit ratio 50%)
Ongoing capex of KRW 111.4B for battery material facility expansion
Key contingencies: one lawsuit (KRW 601M), additional capital commitment to GM JV (USD 484M), put option arrangements