POSCO DX Reports 3Q Operating Profit of 16.9 Billion Won… Down 22.2% Year-Over-Year
Revenue of 265.2 billion won… a record high for a quarter this year
New Orders Up 32.7%…Order Backlog Reaches 940 billion won
Group Expands DX Initiatives and Adoption of Robotic Automation
[Edaily Reporter Shin Yeong-bin ] POSCO DX(022100)announced on the 2nd that its consolidated operating profit for the third quarter of this year was 16.9 billion won, a 22.2% decrease compared to the same period last year.
Revenue for the same period rose 8.4% to 265.2 billion won. Net income fell 9.3% to 15.9 billion won. Revenue reached its highest quarterly level this year as large-scale digital transformation (DX) projects gained momentum. Compared to the second quarter, revenue rose 14.0% and operating profit increased 71.0%. The operating profit margin stood at 6.4%, an improvement of 2.2 percentage points from the previous quarter.
New orders in the third quarter totaled 246.9 billion won, a 32.7% increase year-over-year. The order backlog at the end of the quarter stood at approximately 940 billion won.
By business segment, on a standalone basis, revenue in the automation division reached 138 billion won, a 7.0% increase year-over-year. Demand for AI and smart automation in the steel sector, along with the expansion of robotics and automation businesses within the POSCO Group, underpinned these results. New orders totaled 184.4 billion won, an increase of approximately 49% year-over-year.
The company has secured a contract to build a new Gwangyang 8CGL (continuous galvanizing line) and is expanding its robotics and automation business. It plans to roll out its physical AI technology—proven in steel mill environments—to other POSCO Group affiliates.
Revenue in the IT division reached 121.9 billion won, up 11.0% year-over-year and approximately 24% quarter-over-quarter. Revenue from large-scale digital transformation (DX) projects for the Group was added to the stable IT operations business. The operating profit margin stood at 10.0%, up 6.0 percentage points from the previous quarter.
In the IT sector, the company secured new contracts for the expansion of the Group’s integrated AI infrastructure and the enhancement of its automated inspection platform. The company is supporting the Group’s AI transformation through the construction of AI infrastructure and platforms.
Cumulative revenue for the first three quarters of this year totaled 739.3 billion won, a 9.2% decrease compared to the same period last year. Cumulative operating profit was 30.4 billion won, and net income was 31.7 billion won, down 50.7% and 40.9%, respectively.
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