Hyundai Steel Company (004020) Q2 2025 earnings summary

Executive summary

• Achieved positive operating profit in 2Q 2025, driven by increased sales volume, lower raw material costs, and improved subsidiary performance.

• Consolidated revenue rose to KRW 5,946bn, up KRW 382bn quarter-over-quarter and KRW 96bn year-over-year.

• Net profit improved to KRW 37bn from a net loss in the previous quarter.

Financial highlights

• Consolidated operating profit reached KRW 102bn, up KRW 121bn sequentially and KRW 4bn year-over-year.

• Operating margin improved to 1.7% from -0.3% in the prior quarter.

• Non-consolidated revenue increased to KRW 4,680bn, up KRW 391bn quarter-over-quarter and KRW 172bn year-over-year.

• Non-consolidated operating profit was KRW 7bn, a sequential increase of KRW 48bn.

Outlook and guidance

• Flat product prices expected to remain stagnant due to oversupply, while long product prices are stable as production cuts offset slow demand.

• Iron ore and coking coal markets show mixed sentiment; scrap prices are lower due to reduced demand and supply.