1. What Happened in H1 2025?

SeAH Steel Holdings achieved remarkable results in the first half of 2025, with revenue reaching ₩10,208 billion, operating profit at ₩850 billion, and net income at ₩454 billion, significantly exceeding market forecasts.

2. What Drove the Strong Performance?

  • Robust Steel Pipe Segment: Large-scale project wins, including the Qatar North Field Expansion Project, fueled substantial growth. Investments in offshore wind power also contribute to future growth potential.
  • Growth in Steel Plate Segment: Expansion into high-value-added products ensured stable growth in this segment.
  • Solid Financial Position: The company maintained a low debt-to-equity ratio and a stable credit rating, demonstrating financial soundness.

3. What’s the Outlook for the Stock?

The positive earnings surprise and the company’s commitment to future growth drivers are expected to positively impact the stock price. Analysts are anticipating potential target price increases, and investor interest is growing.

4. Investor Action Plan

  • Consider Buy/Increase Holdings: Given the positive performance and growth momentum, investors may consider buying or increasing their holdings in SeAH Steel Holdings.
  • Ongoing Monitoring: Continuous monitoring of external factors, such as global economic conditions, is essential.

※ Investment decisions should be made carefully and at your own discretion.