POSCO FUTURE M

- Consolidated revenue of KRW 922.8 billion, operating profit of KRW 1.4 billion

- Continued strong sales of high-nickel cathode materials… profit limited by inventory valuation losses and reduced anode material sales

POSCO Future M reported consolidated revenue of KRW 922.8 billion and an operating profit of KRW 1.4 billion for the third quarter.

The battery materials business achieved revenue of KRW 583 billion, driven by robust sales of high-value, high-nickel cathode materials, including NCA cathodes, and product mix improvements. However, inventory valuation losses on long-held cathode materials and a decline in anode material sales resulted in an operating loss of KRW 15.8 billion.

The basic materials business showed improved performance compared to the previous quarter, reporting revenue of KRW 339.8 billion and an operating profit of KRW 17.2 billion. This growth was supported by increased quicklime sales following the completion and restart of POSCO's blast furnace maintenance, higher sales prices for chemical products, and rising demand for converter repair services.

To navigate the challenging EV market landscape, POSCO Future M is actively working to secure low-cost raw materials and improve cost efficiency by enhancing process efficiency. The company also plans to bolster profitability by diversifying its product portfolio and expanding its domestic and international customer base.