Posco International (047050) Q3 2026 earnings summary

Executive summary

• Q3 2026 sales reached KRW 9,027B, up 9.6% YoY; operating profit was KRW 401B, up 24.0% YoY.

• Growth was led by stronger energy performance and palm business expansion, while FX volatility weighed on steel, materials and bio profitability.

Financial highlights

• EBITDA rose 28.2% YoY to KRW 597B, supporting investment capacity.

• Q3 sales were KRW 9,027B versus KRW 8,238B in Q3 2025; operating profit was KRW 401B versus KRW 323B.

• Operating profit by business: Energy KRW 239B, up 19.6% YoY; Materials and other KRW 162B, up 31.1% YoY.

Outlook and guidance

• U.S. shale gas assets are expected to generate average annual operating profit of ~KRW 100B through 2040, with production growth supported by drilling ~50 wells.

• Production ramp-up, development and gas marketing operations are planned for Q1 2027 following targeted transaction closing in late November 2026.

• Palm refining commercial operations began in August 2026; plans include product diversification and downstream business expansion.