POSCO Holdings FY 2025 Annual ReportBeta
POSCO Holdings annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 11, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
POSCO Holdings FY 2025 Annual Report Analysis
Business Overview
- • Diversified conglomerate with steel (54% of group operating profit), LNG energy value chain, battery materials, and construction as core segments; consolidated revenue KRW 69.1T, down 4.9% YoY
- • Battery materials segment (이차전지소재부문) revenue fell to KRW 2.1T from KRW 2.8T YoY, with operating loss widening to KRW 441B vs KRW 277B loss prior year, amid EV demand slowdown
Management Discussion & Analysis
- • POSCO Holdings consolidated revenue KRW 69.1T, down 4.9% YoY; operating profit KRW 1.83T, down 15.9%; net income KRW 504.4B, down 46.8% — sharpest YoY decline driven by POSCO E&C's construction halt losses and battery materials segment deepening operating loss to KRW 440.9B
- • Steel segment OP rose KRW 323.3B to KRW 1.96T despite revenue falling KRW 2.79T, as raw material cost declines and structural cost cuts of KRW 600B at POSCO drove margin recovery
Risk Factors
- • POSCO (철강) FX derivative book: USD 2.5B notional cross-currency swaps (maturities 2026–2033) + USD 300M currency forwards; net swap gain KRW 51.6B, forward trading loss KRW 50.6B
- • POSCO Holdings HoldCo-level: USD 700M cross-currency swaps (USD 400M due 2030, USD 300M due 2035) with mark-to-market gain of KRW 77.8B at Dec 2025
POSCO Holdings FY 2025 Key Financial MetricsDART
Total Assets
KRW 105.19T
▲ +1.7% YoY
Operating Cash Flow
KRW 4.57T
▼ -31.4% YoY
CapEx
KRW 5.67T
▼ -26.1% YoY
Source: KIFRS consolidated financial data from POSCO Holdings annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding