Posco Future M (A003670) Q1 2025 earnings summary

Executive summary

• Total sales reached KRW 845 bn in 1Q25, up KRW 122 bn sequentially but down KRW 293 bn year-over-year.

• Operating profit was KRW 17 bn, a turnaround from a loss in 4Q24, with an OPM of 2.0%.

• Net profit was KRW 49 bn, recovering from a net loss of KRW 276 bn in the previous quarter.

Financial highlights

• Gross profit improved to KRW 75 bn from KRW 17 bn in 4Q24.

• EBITDA rose to KRW 97 bn, up KRW 86 bn sequentially and KRW 20 bn year-over-year.

• Cash and cash equivalents decreased to KRW 460 bn, down KRW 256 bn from 4Q24.

• Interest-bearing debt increased to KRW 3,654 bn, up KRW 90 bn sequentially.

Outlook and guidance

• Forward-looking statements indicate expectations of continued growth in energy materials and improved profitability from new product lines.