POSCO Holdings announced on July 30 that it recorded consolidated revenue of 19.26 trillion won, operating profit of 8.19 trillion won, and net profit of 7.61 trillion won for the second quarter of 2026. Both revenue and operating profit increased by 9.7% and 34.9%, respectively, compared to the same period last year.
In the steel sector, POSCO managed to slightly boost revenue and operating profit from the previous quarter, despite rising raw material and oil prices, thanks to increased sales prices and higher sales volumes.
In the battery materials sector, POSCO Future M improved its operating profit from the previous quarter due to the effects of inventory valuation for cathode materials and a recovery in sales volume from major customers for anode materials.
Additionally, POSCO Argentina achieved its first quarterly profit, driven by the stabilization of operations and equipment improvements at its lithium brine plant. Although initial operating costs are expected to rise with the completion of its second plant in the second half of the year, the company plans to enhance profitability through gradual production increases and expanded sales.
POSCO Pilbara Lithium Solutions improved its profitability through increased sales and rising prices, while POSCO HY Clean Metal has recorded monthly profits since December 2025, thanks to high operating rates and improved cost competitiveness.
In the infrastructure sector, POSCO International achieved its highest-ever quarterly operating profit, supported by growth in profits from gas fields in Myanmar and Australia, as well as palm oil operations in Indonesia. POSCO E&C defended its profitability based on improved earnings in its construction business.
POSCO Holdings has also revised its restructuring goals, increasing its target from completing 128 projects and generating 2.8 trillion won in cash by 2027 to completing 129 projects and generating 3.5 trillion won by 2028. In the first half of this year, the company secured approximately 480 billion won in cash through 12 restructuring projects, bringing the cumulative total to 85 projects and 22 trillion won in cash generation.
* This article has been translated by AI.
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