Pan Ocean Balance Sheet

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
Cash & Equivalents	1,054,682	839,667	865,844	952,781	744,629	521,592
Short-Term Investments	177,538	197,891	257,968	-	-	-
Trading Asset Securities	-	-	-	82,636	288,266	30,705
Cash & Short-Term Investments	1,232,220	1,037,558	1,123,812	1,035,417	1,032,895	552,297
Cash Growth	-2.23%	-7.67%	8.54%	0.24%	87.02%	110.22%
Accounts Receivable	218,302	259,580	288,079	224,838	268,338	249,207
Other Receivables	-	6,306	8,986	6,562	6,644	2,366
Receivables	218,302	266,553	297,404	231,641	275,167	256,744
Inventory	135,106	115,123	122,133	119,169	129,057	108,223
Prepaid Expenses	-	171,367	229,475	136,952	183,066	230,443
Other Current Assets	497,750	202,699	202,872	205,815	214,015	211,005
Total Current Assets	2,083,378	1,793,300	1,975,696	1,728,994	1,834,200	1,358,712
Property, Plant & Equipment	9,152,690	8,652,710	7,862,230	5,840,572	5,444,060	4,963,289
Long-Term Investments	216,750	201,638	180,050	171,883	181,308	137,130
Other Intangible Assets	10,828	10,270	10,670	10,612	6,976	6,091
Long-Term Deferred Tax Assets	-	149	112	-	-	-
Long-Term Deferred Charges	-	4	12	78	221	364
Other Long-Term Assets	206,581	187,507	235,883	95,241	75,251	15,202
Total Assets	11,670,227	10,853,668	10,271,506	7,853,946	7,548,942	6,488,779
Accounts Payable	248,022	200,025	242,841	216,076	242,354	236,811
Accrued Expenses	-	34,702	42,161	32,785	26,846	15,917
Short-Term Debt	86,264	81,789	-	64,470	-	-
Current Portion of Long-Term Debt	50,026	92,917	56,110	184,098	74,533	128,169
Current Portion of Leases	655,381	571,204	480,341	357,694	453,821	401,158
Current Income Taxes Payable	-	2,138	3,258	440	4,040	23
Other Current Liabilities	463,520	383,381	452,150	438,466	425,162	367,332
Total Current Liabilities	1,503,213	1,366,156	1,276,861	1,294,029	1,226,756	1,149,410
Long-Term Debt	258,849	204,969	285,750	118,209	254,611	247,088
Long-Term Leases	3,780,712	3,535,399	3,036,371	1,712,349	1,553,286	1,465,757
Pension & Post-Retirement Benefits	-	-	-	-	-	1,232
Other Long-Term Liabilities	68,097	23,662	19,141	16,008	21,685	28,455
Total Liabilities	5,610,871	5,130,186	4,618,123	3,140,595	3,056,338	2,891,942
Common Stock	534,570	534,570	534,570	534,570	534,570	534,570
Additional Paid-In Capital	1,942,128	1,942,128	1,942,128	1,942,128	1,942,128	1,942,128
Retained Earnings	2,112,583	2,096,794	1,859,636	1,638,233	1,474,700	851,314
Comprehensive Income & Other	1,470,075	1,149,990	1,317,049	598,420	541,206	268,825
Total Common Equity	6,059,356	5,723,482	5,653,383	4,713,351	4,492,604	3,596,837
Shareholders' Equity	6,059,356	5,723,482	5,653,383	4,713,351	4,492,604	3,596,837
Total Liabilities & Equity	11,670,227	10,853,668	10,271,506	7,853,946	7,548,942	6,488,779
Total Debt	4,831,232	4,486,278	3,858,572	2,436,820	2,336,251	2,242,172
Net Cash (Debt)	-3,599,012	-3,448,720	-2,734,760	-1,401,403	-1,303,356	-1,689,875
Net Cash Per Share	-6731.02	-6451.40	-5115.82	-2621.55	-2438.14	-3161.19
Filing Date Shares Outstanding	533.99	534.57	534.57	534.57	534.57	534.57
Total Common Shares Outstanding	533.99	534.57	534.57	534.57	534.57	534.57
Working Capital	580,165	427,144	698,835	434,965	607,444	209,302
Book Value Per Share	11347.35	10706.71	10575.58	8817.10	8404.15	6728.47
Tangible Book Value	6,048,528	5,713,212	5,642,713	4,702,739	4,485,628	3,590,746
Tangible Book Value Per Share	11327.07	10687.50	10555.62	8797.25	8391.10	6717.08
Land	45	44	447	396	390	42
Buildings	8,902	20,276	29,962	26,562	30,116	26,422
Machinery	8,480,494	10,584,911	9,381,739	7,143,911	6,820,342	6,268,259
Construction In Progress	420,582	451,893	830,628	648,270	320,787	112,036

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