S-Oil Publishes Annual Corporate Group Status Disclosure: Routine Filing with No Material Changes
S-Oil disclosed its corporate group status as of May 1, 2026, including financials, subsidiaries, executives, shareholder structure, and related party transactions.
As of December 31, 2025, S-Oil’s total assets stood at KRW 26.52 trillion, total liabilities KRW 17.64 trillion, and total equity KRW 8.88 trillion, with a debt-to-equity ratio of 198.64%.
Revenue was KRW 33.90 trillion, operating profit KRW 230.9 billion, and net income KRW 186.9 billion.
Subsidiaries include S-Oil TotalEnergies Lubricants (50% owned) and three wholly-owned overseas subsidiaries (S-International, Singapore, Europe).
The largest shareholder is A.O.C.B.V holding 63.41% of common shares; no change in control.
The board consists of 1 inside director, 4 non-executive directors (Saudi Aramco executives), and 6 outside directors.
Related party transactions were within normal business scope, with no unusual loans or guarantees.
[AI Comprehensive Analysis]This disclosure is a routine annual filing with no material events affecting shareholder value, such as capital changes, dividends, share buybacks, or ownership shifts. Financial stability appears adequate, but the high debt ratio warrants continued monitoring.
KOSPI Filing Information
Filing: Large Corporate Group Status Disclosure [Annual and Q1 Filing (Representative Company)]