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Posco Future M (003670) investor relations material
Posco Future M Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved consolidated sales of KRW 680 bn and operating profit of KRW 27 bn in 2Q26, with operating margin improving to 3.9% year-over-year and quarter-over-quarter.
Net profit reached KRW 25 bn, a significant turnaround from a net loss in the same quarter last year.
EBITDA increased to KRW 80 bn, up KRW 30 bn year-over-year.
Financial highlights
Sales rose by KRW 19 bn year-over-year but declined KRW 78 bn sequentially from 1Q26.
Gross profit improved to KRW 91 bn, up KRW 41 bn year-over-year and KRW 18 bn quarter-over-quarter.
Net profit margin improved to 3.6%, up 9.0 percentage points year-over-year.
Total assets increased to KRW 9,608 bn, with equity at KRW 4,714 bn.
Outlook and guidance
Targeting cathode and anode utilization rates above 70% by 2027, with further increases planned for 2028.
New artificial graphite and spherical graphite plants are on track, with trial runs scheduled for 2027.
Expansion in cathode portfolio and utilization recovery expected to drive further turnaround.
- 2Q24 saw a net loss and falling sales, while H1 2024 revenue reached ₩2,053.9B.003670
Q2 202424 Jun 2026 - Profitability weakened on energy materials, but Q3 sales reached KRW 2.98 trillion with ongoing expansion.003670
Q3 202424 Jun 2026 - Q1 2025 net profit rebounded to KRW 49.1B on strong battery materials sales and margin gains.003670
Q1 202524 Jun 2026 - 2Q25 profits fell, but H1 2025 net profit rebounded amid expansion and market risks.003670
Q2 202524 Jun 2026 - Q3 saw a return to profit on KRW 2.38 trillion sales, led by energy materials growth.003670
Q3 202524 Jun 2026 - Q1 2026 revenue reached KRW 758 bn, but net income fell sharply amid margin pressure.003670
Q1 202622 Jun 2026 - Sharp revenue and profit declines driven by weak energy materials and major impairments.003670
Q4 202417 Feb 2026 - Profitability rebounded in 2025, led by Base Materials and strategic investments.003670
Q4 202516 Feb 2026
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