XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.26.1

Borrowings | 12 Months Ended
--- | ---
Dec. 31, 2025
TextBlock 1 [Abstract] |
Borrowings |
17. | Borrowings
(a) | Short-term borrowings and current portion of long-term borrowings as of December 31, 2024 and 2025 are as follows:
(in millions of Won) |  | Bank |  |  | Issuance date |  |  | Maturity date |  |  | Interest rate (%) |  |  | 2024 |  |  | 2025 |
Short-term borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank overdrafts |  |  | JP Morgan and others |  |  |  | January 2025~ December 2025 |  |  |  | January 2026~ December 2026 |  |  |  | 3.40~6.20 |  |  | ￦ | 85,892 |  |  |  | 137,852 |
Short-term borrowings |  |  | HSBC and others |  |  |  | January 2025~ December 2025 |  |  |  | January 2026~ December 2026 |  |  |  | 0.75~7.95 |  |  |  | 5,647,199 |  |  |  | 7,294,105 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,733,091 |  |  |  | 7,431,957 |
Current portion of long-term liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term borrowings |  |  | Export-Import Bank of Korea and others |  |  |  | December 2006~ December 2025 |  |  |  | January 2026~ December 2026 |  |  |  | 1.00~8.50 |  |  |  | 1,323,002 |  |  |  | 1,302,568 |
Current portion of debentures |  |  | KB Securities co.,Ltd. and others |  |  |  | July 2019~ September 2024 |  |  |  | January 2026~ September 2026 |  |  |  | 1.77~5.63 |  |  |  | 4,024,084 |  |  |  | 3,340,036 |
Less: Current portion of discount on debentures issued |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,483 | ) |  |  | (1,648 | )
Current portion of exchangable bonds |  |  | Foreign currency exchangable bonds |  |  |  | September 2021 |  |  |  | September 2026 |  |  |  |  |  |  |  | 39,053 |  |  |  | 44,509 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,382,656 |  |  |  | 4,685,465 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ￦ | 11,115,747 |  |  |  | 12,117,422 |
The issuance conditions of the exchangeable bonds issued by the Company are as follows.
|  | Foreign currency exchangeable bonds
Type of bond |  | Exchangeable bonds
Aggregate principal amount(*1) |  | EUR 27,100,000
Interest rate |  | - Coupon rate : -
|  | - Yield to maturity : (0.78%)
Maturity date |  | September 1, 2026
Redemption |  | 1) Redemption at maturity : Outstanding bond principal, which is not repaid early or which call option is not excercised on, is repaid at maturity as a lump sum
|  | 2) Prepayment : The issuer has call option and the bondholders have put option
Exchange rate |  | 100%
Exchange price(*2) (Won/share) |  | 422,126
Underlying shares |  | Registered common shares(treasury shares)
Exchange period |  | From October 12, 2021 to August 22, 2026
Adjustments for exchange price |  | Adjusting the exchange price according to the terms and conditions of the bond in the events of reason for adjusting the exchange price such as, bonus issue, stock split, reverse stock split, change of share type, issuance of options or warranties to shareholders, share dividend, cash dividend, issuance of new shares under the market price.
Put option by bondholders |  | - In the event of a change of control of the controlling company
|  | - Where the shares issued by the controlling company are delisted (or suspended for more than 30 consecutive trading days)
Call option by the issuer |  | - Share price(based on closing price) is higher than 130% of exchange price for more than 20 trading days during 30 consecutive trading days in a row, after 3 years (September 1, 2024) from the closing day to 30 business days before the maturity of bonds
|  | - When the outstanding balance of outstanding bonds is less than 10% of the total issuance (Clean-Up Call)
|  | - Where additional reasons for tax burden arise due to the amendment of relevant laws and regulations, etc
(*1) | Due to put option exercised by bondholders, EUR 1,038,800,000 was redeemed out of the total face value of convertible bonds of EUR 1,065,900,000 during the year ended December 31, 2024.
(*2) | The exchange price has changed due to cash dividends paid during the year ended December 31, 2025.
The Company has designated exchangeable bonds listed on the Singapore Stock Exchange as financial liabilities measured at fair value through profit or loss. The quoted transaction price is used in fair value measurement, and changes in fair value are recognized in profit or loss.
(b) | Long-term borrowings, excluding current portion as of December 31, 2024 and 2025 are as follows:
(in millions of Won) |  | Bank |  | Issuance date |  | Maturity date |  | Interest rate (%) |  |  | 2024 |  |  | 2025 |
Long-term borrowings |  | Export-Import Bank of Korea and others |  | September 2001~ December 2025 |  | January 2027~ December 2040 |  |  | 1.05 ~ 8.25 |  |  | ￦ | 4,868,703 |  |  |  | 6,605,336 |
Less: Present value discount |  |  |  |  |  |  |  |  |  |  |  |  | (51,173 | ) |  |  | (49,101 | )
Debentures |  | KB Securities co.,Ltd. and others |  | July 2019~ October 2025 |  | January 2027~ May 2035 |  |  | 1.77 ~ 8.40 |  |  |  | 10,108,600 |  |  |  | 9,859,696 |
Less: Discount on debentures issued |  |  |  |  |  |  |  |  |  |  |  |  | (44,510 | ) |  |  | (41,353 | )
|  |  |  |  |  |  |  |  |  |  |  | ￦ | 14,881,620 |  |  |  | 16,374,578 |
(c) | Assets pledged as collateral for the Company’s borrowings and other liabilities include investment property and right-of-use assets (right to use land). The details of assets pledged as collateral as of December 31, 2025 are as follows:
(in millions of Won) |  | Lenders |  | Book value |  |  | Pledged amount |
Property, plant and equipment and Investment property |  | Korea Development Bank and others |  | ￦ | 5,005,832 |  |  |  | 5,318,147 |
Trade accounts and notes receivable |  | Korea Development Bank and others |  |  | 136,758 |  |  |  | 136,758 |
Financial instruments |  | Korea Development Bank and others |  |  | 27,314 |  |  |  | 27,314 |
Cash equivalents |  | Shinhan Bank |  |  | 272,631 |  |  |  | 272,631 |
|  |  |  | ￦ | 5,442,535 |  |  |  | 5,754,850 |

X
- Definition The disclosure of borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition TextBlock 1. + References No definition available. + Details
Name: | pkx_Textblock1Abstract
Namespace Prefix: | pkx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration