Posco Future M (003670) Q4 2025 earnings summary

Executive summary

• 2025 consolidated sales reached KRW 2,939 bn, with operating profit at KRW 33 bn and net profit at KRW 37 bn, marking a return to profitability after a loss in 2024.

• EBITDA improved to KRW 236 bn with an 8.0% margin, up from 5.0% in 2024.

Financial highlights

• Sales declined year-over-year from KRW 3,700 bn in 2024 to KRW 2,939 bn in 2025.

• Operating profit margin rose to 1.1% from 0.0% in 2024.

• Net profit margin improved to 1.2% from -6.3% in 2024.

• EBITDA margin increased by 3.0 percentage points year-over-year.

Outlook and guidance

• Initiated investment in spherical graphite and internalization of 45,000 tons of precursors to strengthen the value chain.

• Investment in LFP cathode materials planned to address the ESS market.