Pan Ocean Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,548,367	5,432,888	5,161,218	4,360,982	6,420,312	4,616,107
Revenue Growth (YoY)	-0.55%	5.26%	18.35%	-32.07%	39.09%	100.51%
Cost of Revenue	4,906,957	4,819,614	4,578,484	3,861,154	5,520,365	3,950,376
Gross Profit	641,410	613,274	582,734	499,828	899,947	665,731
Selling, General & Admin	121,832	121,326	111,554	113,974	110,329	92,785
Operating Expenses	121,832	121,326	111,554	113,974	110,329	93,208
Operating Income	519,578	491,948	471,180	385,854	789,618	572,523
Interest Expense	-214,704	-214,704	-133,918	-122,546	-76,058	-43,576
Interest & Investment Income	40,184	40,184	37,933	37,532	13,469	1,094
Earnings From Equity Investments	25,899	29,079	25,904	-6,426	26,602	8,929
Currency Exchange Gain (Loss)	12,380	8,205	-62,876	7,712	-2,211	9,151
Other Non Operating Income (Expenses)	-17,603	-10,268	8,089	-3,491	-7,114	4,809
EBT Excluding Unusual Items	365,734	344,444	346,312	298,635	744,306	552,930
Gain (Loss) on Sale of Investments	11,849	11,849	-4,201	8,997	1,961	-3
Gain (Loss) on Sale of Assets	2,133	1,080	-743	-1,059	1,094	-1,946
Asset Writedown	-39,019	-39,169	-59,276	-58,084	-59,394	-623
Pretax Income	340,697	318,204	282,092	248,489	687,967	550,358
Income Tax Expense	16,797	16,797	13,949	3,448	10,886	1,053
Earnings From Continuing Operations	323,900	301,407	268,143	245,041	677,081	549,305
Net Income to Company	323,900	301,407	268,143	245,041	677,081	549,305
Net Income	323,900	301,407	268,143	245,041	677,081	549,305
Net Income to Common	323,900	301,407	268,143	245,041	677,081	549,305
Net Income Growth	15.79%	12.40%	9.43%	-63.81%	23.26%	543.95%
Shares Outstanding (Basic)	535	535	535	535	535	535
Shares Outstanding (Diluted)	535	535	535	535	535	535
Shares Change (YoY)	0.09%	-	-	-	-	-
EPS (Basic)	605.77	563.83	501.61	458.39	1266.59	1027.57
EPS (Diluted)	605.77	563.83	501.61	458.00	1266.59	1027.57
EPS Growth	15.69%	12.40%	9.52%	-63.84%	23.26%	543.95%
Free Cash Flow	478,301	481,083	291,200	437,428	1,066,083	434,037
Free Cash Flow Per Share	894.54	899.95	544.74	818.28	1994.28	811.94
Gross Margin	11.56%	11.29%	11.29%	11.46%	14.02%	14.42%
Operating Margin	9.37%	9.05%	9.13%	8.85%	12.30%	12.40%
Profit Margin	5.84%	5.55%	5.20%	5.62%	10.55%	11.90%
Free Cash Flow Margin	8.62%	8.86%	5.64%	10.03%	16.61%	9.40%
EBITDA	1,053,160	1,012,624	940,234	876,115	1,455,920	932,913
EBITDA Margin	18.98%	18.64%	18.22%	20.09%	22.68%	20.21%
D&A For EBITDA	533,582	520,676	469,054	490,261	666,302	360,390
EBIT	519,578	491,948	471,180	385,854	789,618	572,523
EBIT Margin	9.37%	9.05%	9.13%	8.85%	12.30%	12.40%
Effective Tax Rate	4.93%	5.28%	4.95%	1.39%	1.58%	0.19%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.