In brief
In Seoul on Monday, POSCO International Corp. announced that its third‑quarter net income surged 91.6% to 401.8 billion won. Operating income rose 23.9% to 400.7 billion won, while revenue increased 9.6% to 9.02 trillion won. The result exceeded analysts’ expectation of 250.5 billion won.
In Seoul, POSCO International Corp. announced on Monday that its third‑quarter net income jumped 91.6% to 401.8 billion won, marking a sharp rise from the same period a year earlier.
The Korean trading and energy arm of steel giant POSCO Group said in its regulatory filing that its operating income for July‑September reached 400.7 billion won, up 23.9 percent year‑over‑year, reflecting stronger margins and higher product prices.
Revenue also rose 9.6 percent to 9.02 trillion won, driven by higher volumes in the steel market and improved profitability in the energy sector.
Market analysts had projected a much lower earnings figure, with the average estimate for net profit at 250.5 billion won according to a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.
POSCO International’s announcement shows a wide gap between reported earnings and analyst expectations, suggesting that the company’s trading and energy operations outperformed market sentiment.
According to the company’s filing, the growth in operating income and revenue stemmed from a combination of higher commodity prices, efficient inventory management, and increased demand for steel and energy products.
POSCO Group, the parent company, is one of South Korea’s largest steel producers, and its influence in global markets extends through shipping, chemicals, and power generation.
POSCO International’s performance underscores the group’s diversified strategy, positioning its trading and energy subsidiaries to benefit from global commodity cycles.
With this strong third‑quarter result, POSCO International expects to continue its upward trajectory in the remainder of 2026, contributing to the broader economic recovery in the region.