GS Holdings FY 2025 Annual Report
Beta

Filed: March 18, 2026· period ending December 31, 2025DART

GS Holdings annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 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).

GS Holdings FY 2025 Annual Report Analysis

Business Overview

• Holding company with dividend, trademark, and rental income; 2025 revenue KRW 369.3B, mainly from subsidiaries GS Energy, GS Retail
• GS Retail 2025 sales KRW 11.96T (+3.26% YoY), with convenience stores KRW 8.94T (+3.16%), supermarkets KRW 1.74T (+8.36%), and home shopping KRW 1.05T (-0.28%)

Management Discussion & Analysis

• Revenue KRW 25.18T (-0.3% YoY), operating profit KRW 2.94T (-4.6%), net income KRW 1.04T (+20.2%)
• GS Caltex drove improvement with KRW 44.63T revenue, OP KRW 884B; oil refining OP rose on refining margin recovery despite lower oil prices

Risk Factors

• USD 10% move → ±KRW 9.31B net FX impact after derivatives hedge on GS Global’s foreign currency exposure
• KRW 2.68B put option liability on Osiria Theme Park triggered by contractual breach or project failure

GS Holdings FY 2025 Key Financial Metrics
DART

Revenue

KRW 25.18T

▼ -0.3% YoY

Net Income

KRW 1.04T

▲ +20.2% YoY

Gross Margin

24.0%

▼ -48bp YoY

Operating Margin

11.7%

▼ -53bp YoY

Net Margin

4.1%

▲ +70bp YoY

ROE

7.1%

▲ +93bp YoY

Total Assets

KRW 35.71T

▲ +1.8% YoY

Operating Cash Flow

KRW 2.19T

▼ -9.6% YoY

CapEx

KRW 1.88T

▲ +48.1% YoY

Source: KIFRS consolidated financial data from GS Holdings 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