POSCO DX Posts Q3 Revenue Growth on Expanded Orders; Operating Profit Down 22%

POSCO DX said in a regulatory filing on Nov. 2 that its consolidated operating profit for the third quarter of this year was provisionally tallied at KRW 16.9 billion, down 22.2% from the same period a year earlier.

Revenue for the same period rose 8.4% to KRW 265.2 billion, while net profit fell 9.3% to KRW 15.9 billion.

POSCO DX CI. POSCO DX

Third-quarter revenue reached its highest level for any quarter this year. Operating profit also declined year over year, but improved 71% from the previous quarter.

By business segment, the IT segment posted revenue of KRW 121.9 billion and operating profit of KRW 12.2 billion, as it secured more new orders, including for the expansion of integrated AI infrastructure for the POSCO Group. Its quarterly operating margin also returned to double digits, reaching 10%.

In the Automation (EIC) segment, orders increased as its parent company, POSCO, built a new 8CG line for automotive hot-dip galvanized steel sheets at the Gwangyang Steelworks. Orders and related revenue also rose year over year as the segment expanded its robotics and unmanned operations businesses. The Automation segment recorded third-quarter revenue of KRW 138 billion and operating profit of KRW 4.4 billion, with an operating margin of 3.2%.

Consolidated orders in the third quarter totaled KRW 246.9 billion, up 32.7% from the same period a year earlier, while the order backlog remained stable at around KRW 940 billion. By revenue share, POSCO accounted for 63%, POSCO affiliates for 31%, and POSCO Future M for 3%.

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