Posco International (047050) Q2 2026 earnings summary

Executive summary

• Achieved sustained earnings momentum in 2Q 2026, driven by balanced growth across Energy and Materials segments.

• Completed the absorption merger of POSCO Energy, integrating LNG value chain and enhancing operational efficiency and growth foundation.

• Expanded global business portfolio with significant investments in energy, materials, and bio sectors, including the acquisition of PT Prime Agri Resources in Indonesia.

• Maintained a robust global network with 44 subsidiaries and over 127 overseas networks, focusing on steel, energy, and food/materials.

Financial highlights

• 2026 H1 consolidated revenue: KRW 18,033.6 billion; operating income: KRW 786.5 billion; net income: KRW 524.6 billion.

• Sales reached KRW 9,623 billion in 2Q 2026, up 18.2% year-over-year.

• Operating profit rose to KRW 429 billion in 2Q 2026, a 36.8% increase year-over-year.

• Net income surged 173.3% year-over-year to KRW 247 billion in 2Q 2026.

• EBITDA increased by 29.8% year-over-year.

Outlook and guidance

• Ongoing expansion in LNG trading and infrastructure, with new asset acquisitions targeted in North America and Southeast Asia.

• Continued investment in LNG terminal expansion, gas field development, and renewable energy projects.

• Palm business operating profit expected to more than double year-over-year in 2026.

• Commercial production of rare earths in the U.S. targeted by Q1 2028.

• Guidance for ongoing stable dividends and shareholder returns, with a target payout ratio above 50%.