浦项钢铁 2026年年度报告和过渡报告

POSCO HOLDINGS INC. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth company. See definition of “largeaccelerated filer,” “accelerated filer” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): TABLE OF CONTENTS PART IITEM 1.IDENTITY OF DIRECTORS, SENIOR MANAGERS AND ADVISERSItem 1.A.Directors and Senior ManagementItem 1.B.AdvisersItem 1.C.AuditorITEM 2.OFFER STATISTICS AND EXPECTED TIMETABLEItem 2.A.Offer StatisticsItem 2.B.Method and Expected TimetableITEM 3.KEY INFORMATIONItem 3.A.[Reserved]Item 3.B.Capitalization and IndebtednessItem 3.C.Reasons for Offer and Use of ProceedsItem 3.D.Risk FactorsITEM 4.INFORMATION ON THE COMPANYItem 4.A.History and Development of the CompanyItem 4.B.Business OverviewItem 4.C.Organizational StructureItem 4.D.Property, Plants and EquipmentItem 4A.Unresolved Staff CommentsITEM 5.OPERATING AND FINANCIAL REVIEW AND PROSPECTSItem 5.A.Operating ResultsItem 5.B.Liquidity and Capital ResourcesItem 5.C.Research and Development, Patents and Licenses, Etc.Item 5.D.Trend InformationItem 5.E.Critical Accounting EstimatesITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEESItem 6.A.Directors and Senior ManagementItem 6.B.CompensationItem 6.C.Board PracticesItem 6.D.EmployeesItem 6.E.Share OwnershipItem 6.F.Disclosure of a Registrant’s Action to Recover Erroneously Awarded CompensationITEM 7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONSItem 7.A.Major ShareholdersItem 7.B.Related Party TransactionsItem 7.C.Interests of Experts and CounselITEM 8.FINANCIAL INFORMATIONItem 8.A.Consolidated Statements and Other Financial InformationItem 8.B.Significant ChangesITEM 9.THE OFFER AND LISTINGItem 9.A.Offer and Listing Detailsi Table of Contents Item 9.B.Plan of DistributionItem 9.C.MarketsItem 9.D.Selling ShareholdersItem 9.E.DilutionItem 9.F.Expenses of the IssuerITEM 10.ADDITIONAL INFORMATIONItem 10.A.Share CapitalItem 10.B.Memorandum and Articles of AssociationItem 10.C.Material ContractsItem 10.D.Exchange ControlsItem 10.E.TaxationItem 10.F.Dividends and Paying AgentsItem 10.G.Statements by ExpertsItem 10.H.Documents on DisplayItem 10.I.Subsidiary InformationItem 10.J.Annual Report to Security HoldersITEM 11.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIESItem 12.A.Debt SecuritiesItem 12.B.Warrants and RightsItem 12.C.Other SecuritiesItem 12.D.American Depositary SharesPART IIITEM 13.DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIESITEM 14.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDSITEM 15.CONTROLS AND PROCEDURESITEM 16.[RESERVED]Item 16.A.Audit Committee Financial ExpertItem 16.B.Code of EthicsItem 16.C.Principal Accountant Fees and ServicesItem 16.D.Exemptions from the Listing Standards for Audit CommitteesItem 16.E.Purchases of Equity Securities by the Issuer and Affiliated PurchasersItem 16.F.Change in Registrant’s Certifying AccountantItem 16.G.Corporate GovernanceItem 16.H.Mine Safety DisclosureItem 16.I.Disclosure Regarding Foreign Jurisdictions that Prevent InspectionsItem 16.J.Insider Trading PoliciesItem 16.K.CybersecurityPART IIIITEM 17.FINANCIAL STATEMENTSITEM 18.FINANCIAL STATEMENTSITEM 19.EXHIBITS Table of Contents GLOSSARY American Depositary Receipt evidencing ADSs. Citibank, N.A. American Depositary Share representing one-fourth of one share ofCommon Stock. Commercial Code of the Republic of Korea. Common stock, par value Won5,000 per share, of POSCO HOLDINGSINC. Consolidated financial statements as of December31, 2024 and 2025 andfor each of the years in the three-year period ended December31, 2025and related notes thereto. Deposit Agreement, dated as of July19, 2013, among POSCO (currentlynamed POSCO HOLDINGS INC.), the ADR Depositary and all holdersand beneficial owners from time to time of ADRs issued thereunder. The currency of the United States of America. Financial Investment Services and Capital Markets Act of the Republic ofKorea. The government of the Republic of Korea. Gwangyang Steel Works. International Accounting Standards Board. International Financial Reporting Standards. IFRS accounting standards as issued by the IASB. The Republic of Korea. Korean International Financial Reporting Standards. Pohang Steel Works. POSCO HOLDINGS INC. and its consolidated subsidiaries. The United States Securities Act of 1933, as amended. The United States Securities Exchange Act of 1934, as amended. Metric tons (1,000 kilograms), equal to 2,204.6 pounds. Generally accepted accounting principles in the United States of America. POSCO HOLDINGS INC. and its consolidated subsidiaries, unlessotherwise specified or the context otherwise requires. Accordingly, in thecontext of discussing our steel operations, “we” refers to the steel-producing operations of the subsidiaries of POSCO HOLDINGS INC.,including POSCO, POSCO (Zhang-jiagang),