Pan Ocean Co., Ltd. (KRX:028670)

Pan Ocean Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,632,039	5,161,218	4,360,982	6,420,312	4,616,107	2,302,139
Revenue Growth (YoY)	24.77%	18.35%	-32.07%	39.09%	100.51%	-5.83%
Cost of Revenue	5,045,071	4,578,484	3,861,154	5,520,365	3,950,376	2,021,941
Gross Profit	586,968	582,734	499,828	899,947	665,731	280,198
Selling, General & Admin	115,666	111,554	113,974	110,329	92,785	72,573
Operating Expenses	115,666	111,554	113,974	110,329	93,208	72,573
Operating Income	471,302	471,180	385,854	789,618	572,523	207,625
Interest Expense	-133,918	-133,918	-122,546	-76,058	-43,576	-39,085
Interest & Investment Income	37,933	37,933	37,532	13,469	1,094	2,384
Earnings From Equity Investments	38,502	25,904	-6,426	26,602	8,929	4,957
Currency Exchange Gain (Loss)	-62,501	-62,876	7,712	-2,211	9,151	-17,134
Other Non Operating Income (Expenses)	-34,380	8,089	-3,491	-7,114	4,809	3,630
EBT Excluding Unusual Items	316,938	346,312	298,635	744,306	552,930	162,378
Gain (Loss) on Sale of Investments	-4,201	-4,201	8,997	1,961	-3	-
Gain (Loss) on Sale of Assets	878	-743	-1,059	1,094	-1,946	-7,066
Asset Writedown	-72,406	-59,276	-58,084	-59,394	-623	-70,539
Other Unusual Items	-	-	-	-	-	3.26
Pretax Income	241,209	282,092	248,489	687,967	550,358	84,775
Income Tax Expense	21,348	13,949	3,448	10,886	1,053	1,138
Earnings From Continuing Operations	219,861	268,143	245,041	677,081	549,305	83,637
Net Income to Company	219,861	268,143	245,041	677,081	549,305	83,637
Minority Interest in Earnings	-	-	-	-	-	1,666
Net Income	219,861	268,143	245,041	677,081	549,305	85,303
Net Income to Common	219,861	268,143	245,041	677,081	549,305	85,303
Net Income Growth	-30.53%	9.43%	-63.81%	23.26%	543.95%	-43.30%
Shares Outstanding (Basic)	534	535	535	535	535	535
Shares Outstanding (Diluted)	534	535	535	535	535	535
Shares Change (YoY)	0.02%	-	-	-	-	-1.55%
EPS (Basic)	411.48	501.61	458.39	1266.59	1027.57	159.57
EPS (Diluted)	411.48	501.61	458.00	1266.59	1027.57	159.57
EPS Growth	-30.50%	9.52%	-63.84%	23.26%	543.95%	-42.41%
Free Cash Flow	518,115	291,200	437,428	1,066,083	434,037	166,820
Free Cash Flow Per Share	969.68	544.74	818.28	1994.28	811.94	312.06
Dividend Per Share	120.000	120.000	-	-	-	48.577
Gross Margin	10.42%	11.29%	11.46%	14.02%	14.42%	12.17%
Operating Margin	8.37%	9.13%	8.85%	12.30%	12.40%	9.02%
Profit Margin	3.90%	5.20%	5.62%	10.55%	11.90%	3.71%
Free Cash Flow Margin	9.20%	5.64%	10.03%	16.61%	9.40%	7.25%
EBITDA	924,451	940,234	876,115	1,455,920	932,913	400,309
EBITDA Margin	16.41%	18.22%	20.09%	22.68%	20.21%	17.39%
D&A For EBITDA	453,149	469,054	490,261	666,302	360,390	192,685
EBIT	471,302	471,180	385,854	789,618	572,523	207,625
EBIT Margin	8.37%	9.13%	8.85%	12.30%	12.40%	9.02%
Effective Tax Rate	8.85%	4.95%	1.39%	1.58%	0.19%	1.34%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.