S-Oil FY 2025 Annual Report
Beta

Filed: March 20, 2026· period ending December 31, 2025DART

S-Oil annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 20, 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).

S-Oil FY 2025 Annual Report Analysis

Business Overview

  • Refining business accounts for 78.8% of sales with daily crude refining capacity of 669,000 barrels in FY2025
  • Shaheen petrochemical expansion project approved Nov 16, 2022, with KRW 9.258T investment, targeting 3.2 million tons annual petrochemical production by late 2026

Risk Factors

  • Exposure to USD-KRW forex risk, managing natural offset via net foreign currency liabilities, monitoring via Cash Management Committee
  • Derivative liabilities from currency forwards at KRW 29.0B and product swaps at KRW 1.86B as of FY2025

S-Oil FY 2025 Key Financial Metrics
DART

Total Assets

KRW 26.56T

+8.6% YoY

Operating Cash Flow

KRW 3.94T

+168.6% YoY

CapEx

KRW 3.91T

+28.4% YoY

Source: KIFRS consolidated financial data from S-Oil 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