$PKX

POSCO

CIK:0000889132|SEC Filings

Consolidated Statements of Comprehensive Income - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of comprehensive income [abstract]
Revenue	₩ 68,986,938	₩ 73,459,408	₩ 77,056,549
Cost of sales	(63,849,577)	(67,971,443)	(70,639,373)
Gross profit	5,137,361	5,487,965	6,417,176
Selling and administrative expenses
Other administrative expenses	(3,094,810)	(3,004,478)	(2,651,902)
Selling expenses	(244,175)	(234,888)	(233,579)
Other operating income and expenses
Other operating income	305,591	387,105	401,986
Other operating expenses	(626,574)	(1,183,876)	(1,195,683)
Operating profit	1,477,393	1,451,828	2,737,998
Share of profit (loss) of equity-accounted investees, net	349,910	(256,458)	269,678
Finance income and costs
Finance income	3,222,137	5,211,595	3,830,746
Finance costs	(3,910,282)	(5,080,735)	(4,202,996)
Profit before income taxes	1,139,158	1,326,230	2,635,426
Income tax expense	(612,135)	(320,954)	(789,367)
Profit	527,023	1,005,276	1,846,059
Items that will not be reclassified subsequently to profit or loss :
Capital adjustment arising from investments in equity-accounted investees	(5,240)	(42,753)	28,745
Foreign currency translation differences	35,619	231,347	76,433
Remeasurements of defined benefit plans	(13,163)	(95,345)	(118,548)
Net changes in fair value of equity investments at fair value through other comprehensive income	319,618	(150,443)	257,725
Items that are or may be reclassified subsequently to profit or loss :
Capital adjustment arising from investments in equity-accounted investees	48,561	331,616	207,860
Foreign currency translation differences	33,219	888,466	34,118
Gain or losses on valuation of derivatives	8	(110)	(1,292)
Other comprehensive income, net of tax	418,622	1,162,778	485,041
Total comprehensive income	945,645	2,168,054	2,331,100
Profit(loss) attributable to :
Owners of the controlling company	690,686	1,125,380	1,698,202
Non-controlling interests	(163,663)	(120,104)	147,857
Profit	527,023	1,005,276	1,846,059
Total comprehensive income attributable to :
Owners of the controlling company	1,065,660	2,039,382	2,131,847
Non-controlling interests	(120,015)	128,672	199,253
Total comprehensive income	₩ 945,645	₩ 2,168,054	₩ 2,331,100
Earnings per share (in Won)
Basic earnings per share (in Won)	₩ 9,134	₩ 14,853	₩ 22,383
Diluted earnings per share (in Won)	₩ 9,134	₩ 12,640	₩ 22,383

Consolidated Statements of Cash Flows - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Profit	₩ 527,023	₩ 1,005,276	₩ 1,846,059
Adjustments for:
Depreciation	3,693,288	3,530,770	3,346,461
Amortization	465,935	453,689	498,193
Finance income	(1,645,330)	(3,476,227)	(1,850,756)
Finance costs	2,098,373	3,202,268	2,179,233
Income tax expense	612,135	320,954	789,367
Gain on disposal of property, plant and equipment	(15,792)	(26,533)	(9,387)
Loss on disposal of property, plant and equipment	89,883	85,149	125,823
Impairment loss on property, plant and equipment	135,653	608,122	275,846
Gain on disposal of intangible assets	(2,036)	(8,570)	(401)
Gain on disposal of investments in subsidiaries, associates and joint ventures	(47,374)	(14,235)	(197,088)
Loss on disposal of investments in subsidiaries, associates and joint ventures	12,819	73,428	18,843
Share of loss (profit) of equity-accounted investees	(349,910)	256,458	(269,678)
Expenses related to post-employment benefits	264,232	246,484	206,614
Increase to provisions	410,522	217,174	160,880
Impairment loss on trade and other receivables	203,802	185,129	265,914
Loss on (reversal of) valuation of inventories	(25,482)	77,832	309,317
Impairment loss on goodwill and intangible assets	51,640	47,993	129,907
Gain on disposal of assets held for sale	(53,692)	(4,801)	(1,312)
Loss on disposal of assets held for sale	13,104	33,943	103,366
Gain on insurance claim	(19,596)	(157,552)	(7,682)
Others, net	(4,216)	11,797	(43,415)
Adjustments to reconcile profit (loss) other than changes in working capital	5,887,958	5,663,272	6,030,045
Changes in operating assets and liabilities	(776,207)	261,841	(1,087,529)
Interest received	421,430	570,769	447,621
Interest paid	(1,085,791)	(1,028,654)	(1,038,005)
Dividends received	437,835	744,857	696,941
Income taxes paid	(840,338)	(553,706)	(727,437)
Net cash provided by operating activities	4,571,910	6,663,655	6,167,695
Cash flows from investing activities
Acquisitions of short-term financial instruments	(15,987,580)	(15,835,323)	(39,830,719)
Proceeds from disposal of short-term financial instruments	16,093,407	19,501,852	40,174,440
Acquisitions of long-term financial instruments	(19,921)	(3,791)	(5,362)
Increase in loans	(277,442)	(820,248)	(1,238,668)
Collection of loans	100,034	784,616	1,369,763
Acquisitions of securities	(836,079)	(1,144,352)	(380,744)
Proceeds from disposal of securities	489,046	1,210,011	142,791
Acquisitions of investments in associates and joint ventures	(213,279)	(301,816)	(417,603)
Proceeds from disposal of investments in associates and joint ventures	39,170	45,185	142,316
Acquisitions of property, plant and equipment	(5,665,151)	(7,669,700)	(6,733,289)
Proceeds from (payment for) disposal of property, plant and equipment	214,126	44,189	(11,895)
Acquisitions of investment property	(3,614)	(3,883)	(56,043)
Proceeds from disposal of investment property	1,403	418	707
Acquisitions of intangible assets	(576,029)	(492,785)	(481,882)
Proceeds from disposal of intangible assets	7,910	11,711	30,328
Proceeds from disposal of assets held for sale	846,102	10,307	4,850
Collection of lease receivables	25,480	31,136	52,657
Cash outflows due to business combinations, net of cash acquired	0	0	(150,201)
Net assets acquired due to changes in the scope of consolidation	(807,255)	0	0
Net assets disposed due to changes in the scope of consolidation	71,597	0	0
Cash inflow from insurance claim	19,596	157,278	7,682
Others, net	(208,799)	(11,588)	(7,352)
Net cash used in investing activities	(6,687,278)	(4,486,783)	(7,388,224)
Cash flows from financing activities
Proceeds from borrowings	5,393,340	5,899,541	7,817,217
Repayment of borrowings	(5,158,334)	(7,532,911)	(4,461,114)
Proceeds from (repayment of) short-term borrowings, net	2,158,541	(217,759)	(2,524,077)
Payment of cash dividends	(915,216)	(844,195)	(815,451)
Repayment of hybrid bonds	0	0	(340,000)
Payment of interest of hybrid bonds	0	0	(10,043)
Capital contribution from non-controlling interests and proceeds from disposal of subsidiary while maintaining control	832,430	513,710	299,342
Capital deduction from non-controlling interests and additional acquisition of interests in subsidiaries	(4,436)	(19,080)	(9,721)
Repayment of lease liabilities	(143,423)	(195,367)	(222,829)
Acquisition of treasury shares	0	(92,311)	0
Others, net	239,946	186,639	88,083
Net cash provided by (used in) financing activities	2,402,848	(2,301,733)	(178,593)
Effect of exchange rate fluctuation on cash held	(5,578)	221,880	16,719
Net increase (decrease) in cash and cash equivalents	281,902	97,019	(1,382,403)
Cash and cash equivalents at beginning of the period	6,767,898	6,670,879	8,053,282
Cash and cash equivalents at end of the period	₩ 7,049,800	₩ 6,767,898	₩ 6,670,879

Consolidated Statements of Financial Position $ in Millions	Dec. 31, 2025 KRW (₩)	Dec. 31, 2024 KRW (₩)
Assets
Cash and cash equivalents	₩ 7,049,800,000,000	₩ 6,767,898,000,000
Trade accounts and notes receivable, net	11,183,974,000,000	10,821,488,000,000
Other receivables, net	1,920,685,000,000	2,261,323,000,000
Other short-term financial assets	8,778,584,000,000	8,499,389,000,000
Inventories, net	13,739,362,000,000	14,179,167,000,000
Current income tax assets	78,704,000,000	140,494,000,000
Assets held for sale	20,167,000,000	608,758,000,000
Other current assets	813,522,000,000	786,943,000,000
Total current assets	43,584,798,000,000	44,065,460,000,000
Long-term trade accounts and notes receivable, net	19,708,000,000	27,779,000,000
Other receivables, net	1,635,253,000,000	1,306,329,000,000
Other long-term financial assets	3,060,842,000,000	2,571,651,000,000
Investments in associates and joint ventures	4,980,153,000,000	4,738,793,000,000
Investment property, net	1,691,625,000,000	1,955,896,000,000
Property, plant and equipment, net	42,292,820,000,000	39,846,828,000,000
Intangible assets, net	5,493,529,000,000	4,774,824,000,000
Defined benefit assets, net	360,112,000,000	409,147,000,000
Deferred tax assets	2,033,155,000,000	3,613,344,000,000
Other non-current assets	135,683,000,000	133,684,000,000
Total non-current assets	61,702,880,000,000	59,378,275,000,000
Total assets	105,287,678,000,000	103,443,735,000,000
Liabilities
Trade accounts and notes payable	5,106,921,000,000	6,159,127,000,000
Short-term borrowings and current installments of long-term borrowings	12,117,422,000,000	11,115,747,000,000
Other payables	3,406,505,000,000	3,463,871,000,000
Other short-term financial liabilities	66,623,000,000	120,875,000,000
Current income tax liabilities	223,666,000,000	350,570,000,000
Liabilities directly associated with the assets held for sale	3,678,000,000
Provisions	571,648,000,000	396,030,000,000
Other current liabilities	1,574,195,000,000	1,134,843,000,000
Total current liabilities	23,070,658,000,000	22,741,063,000,000
Long-term trade accounts and notes payable		2,049,000,000
Long-term borrowings, excluding current installments	16,374,578,000,000	14,881,620,000,000
Other payables	1,237,358,000,000	809,012,000,000
Other long-term financial liabilities	91,068,000,000	72,920,000,000
Defined benefit liabilities, net	63,189,000,000	43,143,000,000
Deferred tax liabilities	1,159,973,000,000	2,685,549,000,000
Long-term provisions	650,329,000,000	580,559,000,000
Other non-current liabilities	247,813,000,000	185,052,000,000
Total non-current liabilities	19,824,308,000,000	19,259,904,000,000
Total liabilities	42,894,966,000,000	42,000,967,000,000
Equity
Share capital	482,403,125,000	482,403,125,000
Capital surplus	1,694,572,000,000	1,658,350,000,000
Other components of equity	1,561,510,000,000	1,155,429,000,000
Treasury shares	(1,176,316,000,000)	(1,550,862,000,000)
Retained earnings	53,197,035,000,000	53,644,899,000,000
Equity attributable to owners of the controlling company	55,759,204,000,000	55,390,219,000,000
Non-controlling interests	6,633,508,000,000	6,052,549,000,000
Total equity	62,392,712,000,000	61,442,768,000,000
Total liabilities and equity	₩ 105,287,678,000,000	₩ 103,443,735,000,000