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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,579,149	5,161,218	4,360,982	6,420,312	4,616,107	2,302,139
Revenue Growth (YoY)	28.55%	18.35%	-32.07%	39.09%	100.51%	-5.83%
Cost of Revenue	4,979,363	4,578,484	3,861,154	5,520,365	3,950,376	2,021,941
Gross Profit	599,786	582,734	499,828	899,947	665,731	280,198
Selling, General & Admin	113,488	111,554	113,974	110,329	92,785	72,573
Operating Expenses	113,488	111,554	113,974	110,329	93,208	72,573
Operating Income	486,298	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	30,839	25,904	-6,426	26,602	8,929	4,957
Currency Exchange Gain (Loss)	-63,471	-62,876	7,712	-2,211	9,151	-17,134
Other Non Operating Income (Expenses)	-642	8,089	-3,491	-7,114	4,809	3,630
EBT Excluding Unusual Items	357,039	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	-880	-743	-1,059	1,094	-1,946	-7,066
Asset Writedown	-55,238	-59,276	-58,084	-59,394	-623	-70,539
Other Unusual Items	-	-	-	-	-	3.26
Pretax Income	296,720	282,092	248,489	687,967	550,358	84,775
Income Tax Expense	16,994	13,949	3,448	10,886	1,053	1,138
Earnings From Continuing Operations	279,726	268,143	245,041	677,081	549,305	83,637
Net Income to Company	279,726	268,143	245,041	677,081	549,305	83,637
Minority Interest in Earnings	-	-	-	-	-	1,666
Net Income	279,726	268,143	245,041	677,081	549,305	85,303
Net Income to Common	279,726	268,143	245,041	677,081	549,305	85,303
Net Income Growth	45.46%	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)	-0.07%	-	-	-	-	-1.55%
EPS (Basic)	523.35	501.61	458.39	1266.59	1027.57	159.57
EPS (Diluted)	523.35	501.61	458.00	1266.59	1027.57	159.57
EPS Growth	45.71%	9.52%	-63.84%	23.26%	543.95%	-42.41%
Free Cash Flow	429,146	291,200	437,428	1,066,083	434,037	166,820
Free Cash Flow Per Share	802.90	544.74	818.28	1994.28	811.94	312.06
Dividend Per Share	120.000	120.000	-	-	-	48.577
Gross Margin	10.75%	11.29%	11.46%	14.02%	14.42%	12.17%
Operating Margin	8.72%	9.13%	8.85%	12.30%	12.40%	9.02%
Profit Margin	5.01%	5.20%	5.62%	10.55%	11.90%	3.71%
Free Cash Flow Margin	7.69%	5.64%	10.03%	16.61%	9.40%	7.25%
EBITDA	950,050	940,234	876,115	1,455,920	932,913	400,309
EBITDA Margin	17.03%	18.22%	20.09%	22.68%	20.21%	17.39%
D&A For EBITDA	463,752	469,054	490,261	666,302	360,390	192,685
EBIT	486,298	471,180	385,854	789,618	572,523	207,625
EBIT Margin	8.72%	9.13%	8.85%	12.30%	12.40%	9.02%
Effective Tax Rate	5.73%	4.95%	1.39%	1.58%	0.19%	1.34%

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.