POSCO HOLDINGS (NYSE: PKX) sets growth targets and high-dividend plan

Rhea-AI Filing Summary

POSCO HOLDINGS outlines its 2024 Corporate Value-up Plan, targeting revenue growth with a CAGR of 6–8% and ROIC of 6–9% through 2027. The plan focuses on expanding steel in growth markets, strengthening secondary battery materials, and developing infrastructure and new businesses.

The company commits to shareholder returns through share cancellation of 6% over 2024–2026, immediate cancellation of newly repurchased shares, and using 50–60% of annual parent free cash flow to fund a base dividend of KRW 10,000 per share, with remaining cash also returned. POSCO confirms its status as a high-dividend company, citing dividend income of KRW 757,484,930,000 for the year including December 31, 2024 and a 2025 dividend payout ratio of 115.0%. Dividend amounts were KRW 757,484,930,000 for 2024 and KRW 756,207,790,000 for 2025, with the small decline due to the cancellation of 255,428 shares.

Insights

Equity & capital allocation analyst

POSCO pairs growth targets with aggressive cash returns and buybacks.

POSCO HOLDINGS sets medium-term financial goals of revenue CAGR 6–8% and ROIC 6–9% through 2027, anchored in steel, secondary battery materials, and new businesses. This links portfolio strategy directly to measurable profitability and growth outcomes.

On capital returns, the company plans share cancellation totaling 6% over 2024–2026, immediate cancellation of future repurchases, and a dividend framework using 50–60% of parent free cash flow to support a base dividend of KRW 10,000 per share. Remaining free cash flow is also earmarked for shareholder returns.

Dividend metrics support its high-dividend company status: dividend income of KRW 757,484,930,000 for the year including December 31, 2024 and a 115.0% payout ratio for 2025. The slight drop in total dividends from KRW 757,484,930,000 in 2024 to KRW 756,207,790,000 in 2025 stems from cancellation of 255,428 shares, rather than a cut in the per-share dividend.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March, 2026

Commission File Number: 1-13368

POSCO HOLDINGS INC.

(Translation of registrant’s name into English)

POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, 06194

(Address of principal executive offices)    

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒    Form 40-F ☐

Corporate Value-up Plan (Voluntary Disclosure)

※ This disclosure includes future plans and forecasts. The information may change or it may differ from actual results. In addition, the determination of whether the company qualifies as a “high dividend company” under Article 104-27 of the Act on Restriction on Special Cases Concerning Taxation is based on the company’s own assessment.
1. Name of the plan		2024 POSCO HOLDINGS Corporate Value-up Plan
2. Major details		1. Overview 2. Value-up Plan • Analysis • Target - Revenue Growth : CAGR 6~8% (~2027) - ROIC : 6~9% (~2027) - Shareholder return : cash dividend and share cancellation • Plan ① Revenue Growth - (Steel) Expand into growth markets and strengthen global competitiveness - (Secondary Battery Materials) Fortify competence by acquiring promising resources and innovating products and technologies - (Infra·New biz) Support the group business growth and expand into new and future materials ② ROIC - Rebalance business portfolio focusing on steel, secondary battery materials and new business - Restructure underperforming and non-core businesses/assets ③ Shareholder return - Share Cancellation of 6% over 3 years (2024~2026) - Immediate share cancellation upon new share buyback going forward - 50~60% of annual FCF (parent base) will be used to pay base dividend (KRW 10,000/share), and the remaining shall be additionally returned

		3. Governance • Improvement in CEO and outside director appointment process with board-led governance • Establish group-wide ESG risk response system at the POSCO holdings board level. 4. Communication
3. High dividend company under Article 104-27 of the Act on Restriction on Special Cases Concerning Taxation		Yes
		Dividend income for the business year in which December 31, 2024 falls (KRW)		757,484,930,000
		Dividend payout ratio for the immediately preceding business year (2025) (%)		115.0
		Amount of dividends for the immediately preceding business year (2025) (KRW)		756,207,790,000
		Amount of dividends for the business year prior to the immediately preceding business year (2024) (KRW)		757,484,930,000
		Growth rate of total dividends for the immediately preceding business year compared to the business year prior to the immediately preceding business year (%)		-0.17
4. Date of decision		2026-03-24
5. Related references		Uploaded date		2024-12-23
		Website URL		http://www.posco-inc.com/
6. Other important details to be considered for investment decisions		1. Because we qualify as a high-dividend company that disclosed its corporate value-up plan prior to the date on which Article 104-24 of the Enforcement Decree of the Act on Restriction of Special Taxation became effective, we hereby redisclose “2024 POSCO Holdings Corporate Value-up Plan,” previously filed on December 23, 2024. Additionally, the implementation evaluation for the corporate value-up plan will be disclosed in the latter half of this year.” 2. Item 3 pertains to the qualification of high-dividend company as defined by Article 104-27 of the Act on Restriction of Special Taxation. Based on the interpretation of the statute by relevant authorities, “immediate preceding business year” that appears in Paragraph 1 Subparagraph 2 of the Article refers to the business year immediately preceding the most recent business year. By this definition, we provide that the Company’s dividend income in the immediate preceding business year (2024) did not decrease against the base year (2024). Therefore, the Company qualifies as a high-dividend company.

		3. The dividend per share for 2024 and 2025 remains unchanged at KRW 10,000. However, the amount of dividend for 2025 is lower than that of 2024, due to a reduction in the number of outstanding shares (a decrease of 255,428 shares) following the acquisition and subsequent cancellation of treasury shares in August 2024. 4. Item “4. Date of Decision” refers to the date of the Annual General Shareholders’ Meeting. 5. For more details, please refer to the attached “2024 POSCO Holdings Corporate Value-up Plan”. 6. This disclosure material includes plans and forecast information, and it may be subject to change depending on future market conditions and changes in the business environment.
		※ Related disclosure		2024-12-23 Corporate Value-up Plan (Voluntary Disclosure)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				POSCO HOLDINGS INC.
				(Registrant)
Date: March 25, 2026				By		/s/ Han, Young Ah
						(Signature)
						Name: Han, Young Ah
						Title: Executive Vice President

FAQ

What is POSCO HOLDINGS (PKX) 2024 Corporate Value-up Plan?

POSCO HOLDINGS’ 2024 Corporate Value-up Plan targets revenue CAGR of 6–8% and ROIC of 6–9% through 2027. It focuses on steel expansion, secondary battery materials growth, infrastructure, and new businesses, while tying these efforts to explicit profitability and shareholder return goals.

How does POSCO HOLDINGS (PKX) plan to return capital to shareholders?

POSCO HOLDINGS plans share cancellation totaling 6% over 2024–2026, with immediate cancellation of future buybacks. It also allocates 50–60% of annual parent free cash flow to fund a base dividend of KRW 10,000 per share, returning remaining free cash flow additionally.

What dividend levels did POSCO HOLDINGS (PKX) report for 2024 and 2025?

POSCO HOLDINGS kept dividend per share unchanged at KRW 10,000 for both 2024 and 2025. Total dividends were KRW 757,484,930,000 in 2024 and KRW 756,207,790,000 in 2025, with the slight decline reflecting fewer outstanding shares after treasury share cancellation.

Why did POSCO HOLDINGS (PKX) total dividend amount fall in 2025?

The 2025 dividend amount fell slightly because POSCO HOLDINGS canceled 255,428 shares after acquiring treasury stock in August 2024. While the dividend per share stayed at KRW 10,000, the lower share count reduced the total cash paid, not the per-share commitment.

How does POSCO HOLDINGS (PKX) qualify as a high-dividend company?

POSCO HOLDINGS states it qualifies as a high-dividend company under Article 104-27 based on statutory interpretation. It highlights dividend income of KRW 757,484,930,000 for the year including December 31, 2024 and a 2025 payout ratio of 115.0%, supporting its high-dividend classification.

What governance and ESG measures are in POSCO HOLDINGS (PKX) value-up plan?

The plan includes improving CEO and outside director appointment processes with board-led governance and establishing a group-wide ESG risk response system at the POSCO HOLDINGS board level. These measures aim to integrate oversight of environmental, social, and governance risks across the group.