Pan Ocean FY 2025 Annual ReportBeta
Pan Ocean annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 19, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
Pan Ocean FY 2025 Annual Report Analysis
Business Overview
- • Shipping revenue KRW 5.43T in FY2025, with bulk at KRW 3.20T (57%), non-bulk KRW 1.06T (20%), grain business KRW 1.23T (23%)
- • LNG fleet expanded to 13 vessels including LNG Bunkering ships by end of 2025, with long-term contracts signed with Shell, GALP, Korea Green LNG since 2020
Management Discussion & Analysis
- • Revenue KRW 5.43T (+5.3% YoY), Operating profit KRW 492B (+4.4%), Net income KRW 301B (+12.4%) in FY2025
- • Bulk segment revenue down KRW 130.5B, OP down KRW 57.1B due to global trade tensions and tariff uncertainty
Risk Factors
- • KRW 19.8B pre-tax profit impact for 10% USD/KRW rise in FY2025, down from KRW 34.9B in prior year
- • KRW 1.45T maximum credit risk exposure on financial assets as of FY2025, down from KRW 1.59T prior year
Pan Ocean FY 2025 Key Financial MetricsDART
Total Assets
KRW 10.85T
▲ +5.7% YoY
Operating Cash Flow
KRW 702.7B
▲ +3.9% YoY
CapEx
KRW 221.6B
▼ -42.4% YoY
Source: KIFRS consolidated financial data from Pan Ocean annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding