POSCO Income Statement 2024-2011 | PKX

Brief overview of financial results at POSCO

The comparison covers a five-year financial horizon. POSCO reported revenue of 64.8 trillion KRW in 2019 and 73.5 trillion KRW by 2024. Across the full period, sales moved by +13.4%; the average annual rate was 2.5%. Sales changed only slightly and remained broadly flat.

The five-year change in gross profit reached −13.2%: from 6.3 trillion KRW to 5.5 trillion KRW. The relationship between revenue and direct costs remained stable. Gross profit as a share of revenue changed from 9.8% to 7.5%. Weakening gross profitability reduces the quality of the top-line trend.

The operating result measured by EBITDA moved from 3.2 trillion KRW to 1.5 trillion KRW, or −55%. Operating performance weakened relative to revenue. EBITDA margin was 5% at the start and 2% at the end. Cost pressure reduced operating profitability.

The five-year change in net income was −46.1%: from 1.9 trillion KRW to 1 trillion KRW. Lower net income weakens the overall financial picture.

Market value was 15.2 billion KRW at the start and 3.4 billion KRW at the end. The market became more cautious about the prospects of the business.

Summary assessment

The indicators point to a weaker financial profile. The most visible risks are pressure from direct costs, lower net income and a declining EBITDA margin. Investors should continue to monitor margins, costs, and earnings quality.