002960 - Hankook Shell OIL Co., Ltd.

002960 Summary

Energy

Stock Price & Overview

₩499,500 +2,500 (+0.50%) Close · Sep 4, 2026 KST

KOSPI | ₩KRW | Close: ₩499,500 ≈ US$357 · Market cap ₩0.6tn (≈ $464m)

002960 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Revenue	345.0	327.2	320.5	301.6	241.4	200.3	211.8	219.8	210.5	210.9	223.8
Cost of Revenue	234.7	223.6	220.3	214.3	157.3	123.1	136.5	144.5	140.9	135.8	146.0
Gross Profit	110.3	103.6	100.2	87.3	84.1	77.2	75.3	75.2	69.7	75.1	77.8
Selling, General & Administrative	57.5	57.6	57.9	52.3	46.1	46.2	49.7	44.2	39.6	40.0	38.7
Operating Income	52.8	46.0	42.3	35.1	38.0	31.0	25.7	31.0	30.0	35.1	39.1
Finance Income	1.4	2.1	1.9	1.1	0.5	0.6	0.8	0.8	0.7	0.7	0.7
Finance Costs	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Pretax Income	62.5	50.8	48.1	36.3	39.3	33.2	27.4	32.4	31.5	36.3	40.7
Income Tax Expense	14.2	14.2	10.7	9.6	10.2	12.2	6.3	7.5	7.3	9.0	9.5
Net Income	48.2	36.7	37.4	26.7	29.0	21.0	21.0	25.0	24.2	27.2	31.2
Total Comprehensive Income	48.1	36.1	36.5	27.9	29.6	21.0	20.4	24.8	24.2	26.4	30.9

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Assets	200.3	191.3	188.4	172.3	165.7	148.6	141.1	144.6	130.9	123.0	126.5
Current Assets	155.0	157.9	159.1	144.8	138.6	120.3	110.6	119.9	111.9	105.0	108.9
Cash & Cash Equivalents	44.3	36.2	49.1	27.4	27.7	25.3	22.6	21.7	16.8	11.3	18.0
Inventories	38.7	38.5	35.1	38.1	27.3	17.3	21.9	25.2	24.9	19.6	22.0
Trade Receivables	33.2	40.0	36.4	36.2	29.9	26.2	28.0	28.6	30.2	27.4	30.2
Non-current Assets	45.3	33.4	29.2	27.5	27.1	28.4	30.5	24.7	19.1	17.9	17.6
Property, Plant & Equipment	35.9	26.5	22.7	22.0	21.8	24.1	24.8	20.0	14.3	13.2	12.4
Intangible Assets	0.8	0.9	0.9	1.1	1.3	1.2	1.2	1.2	1.3	1.4	1.4
Total Liabilities	59.9	64.0	62.2	59.4	56.2	50.5	43.2	45.0	31.5	25.7	29.7
Current Liabilities	48.7	51.3	60.1	57.8	52.8	48.3	42.0	45.0	31.4	25.5	29.5
Non-current Liabilities	11.2	12.7	2.1	1.5	3.3	2.2	1.2	0.0	0.1	0.1	0.2
Total Equity	140.4	127.3	126.2	113.0	109.6	98.1	97.9	99.6	99.4	97.3	96.9
Share Capital	7.0	7.0	7.0	7.0	7.0	7.0	7.0	7.0	7.0	7.0	7.0
Retained Earnings	132.2	119.2	118.1	105.0	101.8	90.4	90.3	91.9	91.9	89.8	89.4

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Cash from Operating Activities	51.3	33.6	43.3	15.4	24.6	42.5	25.8	29.9	19.7	30.0	37.8
Cash from Investing Activities	-6.6	-10.9	2.1	9.6	-3.7	-18.5	-2.4	-0.3	7.9	-10.7	-37.6
Purchase of Property, Plant & Equipment	12.2	5.6	3.2	2.6	1.9	3.9	6.9	6.6	2.2	2.2	1.4
Cash from Financing Activities	-36.4	-35.7	-23.7	-24.9	-18.4	-21.2	-22.5	-24.7	-22.1	-26.0	-24.7
Dividends Paid	35.1	35.1	23.4	24.7	18.2	20.8	22.1	24.7	22.1	26.0	24.7
Net Change in Cash	8.3	-13.0	21.7	0.0	2.5	2.7	0.9	4.9	5.5	-6.6	-24.5

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	95.5	91.3	78.4	86.1	90.5	90.0	76.2	80.7	88.9	81.4
Cost of Revenue	66.1	61.2	52.8	57.5	62.6	61.7	52.0	54.7	62.0	54.9
Gross Profit	29.4	30.1	25.6	28.5	27.9	28.3	24.2	25.9	26.9	26.5
Selling, General & Administrative	13.8	14.1	16.1	14.2	13.5	13.8	15.6	14.0	14.0	14.1
Operating Income	15.6	16.0	9.5	14.3	14.4	14.5	8.7	12.0	12.9	12.4
Finance Income	0.2	0.4	0.4	0.3	0.3	0.5	0.5	0.5	0.6	0.6
Finance Costs	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Pretax Income	16.9	18.1	15.8	15.8	15.0	15.8	9.8	13.3	14.0	13.7
Income Tax Expense	4.2	4.1	3.7	3.5	3.5	3.5	5.2	3.0	2.9	3.0
Net Income	12.8	14.0	12.1	12.3	11.7	12.3	4.6	10.4	11.1	10.6
Total Comprehensive Income	12.8	14.0	12.0	12.3	11.7	—	4.1	10.4	11.1	10.6

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	185.9	221.3	200.3	188.7	176.8	201.4	191.3	177.2	172.4	197.5
Current Assets	141.1	175.7	155.0	151.2	139.7	167.4	157.9	145.1	142.0	167.3
Cash & Cash Equivalents	29.6	50.0	44.3	45.1	32.8	55.1	36.2	35.3	26.9	64.8
Inventories	55.1	45.3	38.7	37.6	38.4	36.1	38.5	34.7	34.8	36.0
Trade Receivables	48.1	41.6	33.2	41.3	41.0	43.8	40.0	36.8	42.4	39.6
Non-current Assets	44.8	45.5	45.3	37.5	37.0	34.0	33.4	32.1	30.5	30.3
Property, Plant & Equipment	35.5	35.6	35.9	28.1	27.3	27.2	26.5	24.9	23.5	22.8
Intangible Assets	0.8	0.8	0.8	0.8	0.8	0.9	0.9	0.9	0.9	0.9
Total Liabilities	62.9	111.0	59.9	60.4	58.2	94.3	64.0	54.1	57.1	93.3
Current Liabilities	51.0	99.0	48.7	44.1	41.8	81.5	51.3	51.1	54.2	90.4
Non-current Liabilities	11.9	12.0	11.2	16.3	16.4	12.8	12.7	2.9	2.9	2.8
Total Equity	123.0	110.2	140.4	128.3	118.6	107.1	127.3	123.1	115.3	104.3
Share Capital	7.0	7.0	7.0	7.0	7.0	7.0	7.0	7.0	7.0	7.0
Retained Earnings	114.8	102.1	132.2	120.2	110.5	99.0	119.2	115.1	107.3	96.3

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Cash from Operating Activities	-5.3	7.2	17.4	16.4	5.9	11.7	7.7	13.2	5.6	7.1
Cash from Investing Activities	29.4	-1.2	-17.4	-1.3	4.8	7.4	-7.1	-1.6	-10.8	8.6
Purchase of Property, Plant & Equipment	0.6	1.2	7.7	1.3	—	—	—	1.6	0.8	1.4
Cash from Financing Activities	-44.6	-0.4	-0.5	-2.9	-32.8	-0.2	0.2	-3.1	-32.6	-0.2
Dividends Paid	—	—	0.0	2.6	—	—	0.0	2.6	—	—
Net Change in Cash	-20.4	5.7	-0.6	12.3	-22.3	18.9	0.8	8.5	-37.8	15.5

Separate / parent-only (OFS) — this company files no consolidated statements, from DART. 11 fiscal years and 10 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

002960 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	345.0	+5.4%	+4.6%	+11.5%	+4.4%
Operating income	52.8	+14.9%	+14.6%	+11.2%	+3.1%
Net income	48.2	+31.6%	+21.8%	+18.1%	+4.4%
EPS	₩37,098	+31.6%	+21.8%	+18.1%	+4.4%
Operating cash flow	51.3	+52.5%	+49.4%	+3.8%	+3.1%
Shareholders' equity	140.4	+10.3%	+7.5%	+7.4%	+3.8%

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

002960 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	32.0%	31.7%	31.3%	29.0%	34.8%	38.5%
Operating margin	15.3%	14.0%	13.2%	11.6%	15.8%	15.5%
Net margin	14.0%	11.2%	11.7%	8.9%	12.0%	10.5%
Return on equity	36.0%	28.9%	31.3%	24.0%	28.0%	21.4%
Return on assets	24.6%	19.3%	20.7%	15.8%	18.5%	14.5%
Operating cash flow / revenue	14.9%	10.3%	13.5%	5.1%	10.2%	21.2%
Capex / revenue	3.5%	1.7%	1.0%	0.9%	0.8%	2.0%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.