403550 - Socar, Inc.

403550 Summary

Industrials

Stock Price & Overview

₩11,330 +220 (+1.98%) Close · Sep 4, 2026 KST

KOSPI | ₩KRW | Close: ₩11,330 ≈ US$8 · Market cap ₩0.4tn (≈ $307m)

403550 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Total Revenue	470.7	431.8	398.5	397.6	289.0	220.6
Cost of Revenue	—	—	—	388.0	310.0	235.2
Operating Income	23.2	-9.8	-9.7	9.5	-21.0	-14.7
Finance Income	9.5	6.4	3.5	2.4	12.1	3.5
Finance Costs	21.7	25.3	22.9	14.9	18.6	17.0
Pretax Income	-18.5	-30.7	-42.2	-16.6	-2.5	-20.1
Income Tax Expense	-0.1	0.3	0.1	1.6	—	—
Net Income	-18.4	-31.0	-42.3	-18.1	6.3	-67.4
Total Comprehensive Income	-22.6	-32.6	-42.6	-18.2	5.8	-68.3

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Total Assets	588.1	631.5	679.0	585.7	433.2	271.6
Current Assets	152.0	140.7	159.0	170.7	98.0	102.2
Cash & Cash Equivalents	103.0	84.3	118.2	141.0	69.5	47.4
Inventories	—	—	—	—	—	1.4
Trade Receivables	19.1	23.4	20.4	19.7	20.2	27.6
Non-current Assets	436.1	490.8	520.0	415.0	335.2	169.4
Property, Plant & Equipment	361.9	395.5	429.5	317.3	236.3	149.0
Intangible Assets	45.6	65.7	64.5	64.6	58.6	7.7
Total Liabilities	423.2	448.0	467.3	338.1	282.3	239.9
Current Liabilities	295.2	223.5	242.1	197.8	147.9	142.0
Non-current Liabilities	128.0	224.6	225.2	140.3	134.4	97.9
Total Equity	164.9	183.5	211.7	247.6	150.9	31.7
Share Capital	3.3	3.3	3.3	3.3	2.9	2.6
Retained Earnings	128.1	-360.9	-329.4	-286.8	-268.6	-274.4

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Cash from Operating Activities	50.8	3.3	-109.6	-62.7	-1.7	5.2
Cash from Investing Activities	-13.7	-13.4	-9.7	-19.7	-3.8	17.5
Cash from Financing Activities	-18.5	-23.8	96.5	153.9	27.7	20.0
Net Change in Cash	18.7	-33.9	-22.8	71.4	22.2	42.7

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	121.0	97.1	128.7	111.8	98.7	131.5	122.4	117.0	101.8	90.6
Cost of Revenue	—	—	—	—	—	—	—	112.4	108.4	101.3
Operating Income	6.8	1.4	13.2	6.8	1.8	1.4	3.0	4.6	-6.7	-10.8
Finance Income	6.6	2.2	5.6	-0.4	3.0	1.3	2.2	2.5	0.8	1.0
Finance Costs	6.1	6.9	4.7	4.0	7.5	5.5	8.0	5.6	5.6	6.0
Pretax Income	6.5	-8.8	-14.7	1.6	-1.8	-3.5	-3.5	1.1	-11.6	-16.7
Income Tax Expense	0.1	-0.0	-0.0	-0.0	-0.0	-0.0	0.2	0.0	-0.0	0.0
Net Income	6.5	-8.8	-14.7	1.6	-1.8	-3.5	-3.8	1.2	-11.6	-16.7
Total Comprehensive Income	6.6	-8.4	-14.6	1.9	-6.4	-3.5	-5.5	1.2	-11.6	-16.7

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	689.7	578.4	588.1	637.2	544.2	581.1	631.5	650.5	613.4	627.3
Current Assets	183.6	122.0	152.0	168.3	106.3	134.0	140.7	131.2	95.4	116.6
Cash & Cash Equivalents	124.1	80.8	103.0	102.9	50.0	76.5	84.3	68.3	33.6	72.3
Inventories	—	—	—	2.0	—	—	—	—	—	—
Trade Receivables	30.5	16.4	19.1	21.5	26.9	32.4	23.4	24.7	23.5	20.3
Non-current Assets	506.0	456.5	436.1	468.9	437.9	447.1	490.8	519.2	518.0	510.7
Property, Plant & Equipment	425.1	381.9	361.9	380.4	348.5	355.3	395.5	425.8	426.8	420.1
Intangible Assets	45.0	45.3	45.6	67.7	68.0	67.3	65.7	64.3	64.5	64.3
Total Liabilities	467.0	425.0	423.2	458.6	368.3	399.8	448.0	462.8	428.2	431.7
Current Liabilities	307.3	297.2	295.2	256.0	204.0	207.7	223.5	239.6	240.2	236.0
Non-current Liabilities	159.7	127.8	128.0	202.7	164.3	192.1	224.6	223.2	188.1	195.8
Total Equity	222.7	153.5	164.9	178.6	175.9	181.3	183.5	187.7	185.2	195.5
Share Capital	3.8	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3
Retained Earnings	122.8	116.3	128.1	143.1	-370.7	-364.4	-360.9	-356.6	-357.8	-346.2

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	-49.3	-12.1	29.4	-30.4	7.0	44.8	32.1	-0.6	-24.4	-3.9
Cash from Investing Activities	-2.1	-0.5	-1.8	-5.1	-2.2	-4.6	-2.6	-7.1	-2.2	-1.5
Cash from Financing Activities	94.7	-9.6	-27.6	88.4	-31.2	-48.0	-13.5	42.3	-12.1	-40.5
Net Change in Cash	43.3	-22.1	0.1	52.9	-26.5	-7.8	16.0	34.6	-38.6	-45.9

Consolidated (CFS), from DART. 6 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.

403550 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	470.7	+9.0%	+5.8%	+16.4%	—
Operating income	23.2	—	+34.6%	—	—
Net income	-18.4	—	—	—	—
EPS	₩-485	—	—	—	—
Operating cash flow	50.8	+1,443.4%	—	+58.0%	—
Shareholders' equity	164.9	-10.1%	-12.7%	+39.1%	—

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.

403550 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Operating margin	4.9%	-2.3%	-2.4%	2.4%	-7.3%	-6.6%
Net margin	-3.9%	-7.2%	-10.6%	-4.6%	2.2%	-30.6%
Return on equity	-10.6%	-15.7%	-18.4%	-9.1%	6.9%	-212.6%
Return on assets	-3.0%	-4.7%	-6.7%	-3.6%	1.8%	-24.8%
Operating cash flow / revenue	10.8%	0.8%	-27.5%	-15.8%	-0.6%	2.3%

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.