POSCO INTERNATIONAL, Regular Business Group Status Disclosure… 28 New Affiliates Including Indonesian Palm Oil Subsidiaries, Financial Structure and Governance Details
Overview: POSCO INTERNATIONAL, as a POSCO group affiliate, discloses its financial status, profit/loss, governance structure, and changes in affiliates as of the end of the previous fiscal year (2025) in this regular report.
Financial Status: Total assets of 13,725.3 billion KRW, liabilities of 7,931.4 billion KRW, equity of 5,793.9 billion KRW, with a debt ratio of 136.89%. Cash and cash equivalents held at 410.3 billion KRW.
Profit/Loss: Sales of 26,956.6 billion KRW, operating profit of 854.6 billion KRW, net profit of 513.8 billion KRW after interest expenses of 170.4 billion KRW, maintaining stable profitability.
Affiliate Additions (28): In November 2025, 24 subsidiaries were added following the acquisition of a 98.7% stake in Indonesian palm oil company PT. PRIME AGRI RESOURCES TBK. Additionally, 4 newly established entities including Centrux LNG and Alaska LNG entities were added, expanding energy and resource sectors.
Affiliate Exclusion (1): SUZHOU POSCO-CORE TECHNOLOGY CO., LTD. in China was excluded due to share sale.
Major Shareholder & Stake: The controlling shareholder (POSCO Holdings) holds 124,396,358 common shares (70.71%), ensuring stable management control. Treasury shares of 5,478,301 shares (3.11%) are held.
Board Composition: CEO Lee Gye-in, 2 inside directors, 1 non-executive director, and 4 outside directors (including new appointee Lee Eun-ju). ESG Committee and Audit Committee are operational, and cumulative voting was introduced via charter amendment in 2026.
Internal Transactions: Total goods/services transactions with affiliates amounted to 13,878.9 billion KRW (domestic 971.7 billion, overseas 12,907.1 billion). Major counterparties include POSCO (664.3 billion), Samcheok Blue Power (220.9 billion), etc.
Debt Guarantees: Total debt guarantees of 469.8 billion KRW provided to overseas affiliates (AGPA, Mexico e-Mobility, Indonesian palm subsidiaries, etc.). Pledge of 458.3 billion KRW in Samcheok Blue Power shares as collateral for PF loans.
[AI Comprehensive Analysis]This disclosure is a routine business group status report and does not contain any material positive or negative events that would directly impact the short-term stock price. However, the expansion into the Indonesian palm oil business via affiliate additions is part of a medium-term diversification strategy. The profitability contribution from these subsidiaries remains uncertain, so investors need to monitor future earnings trends.
KOSPI Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]