Socar said on Tuesday it recorded 2025 fourth-quarter revenue of 128.7 billion won and operating profit of 13.2 billion won. Revenue rose 5.1 percent from a year earlier. Operating profit grew more than fourfold from 3.0 billion won a year earlier. Vehicle placement tailored to year-end demand and overhead efficiency drove quarterly results.

For the full year, it posted consolidated revenue of 470.7 billion won and operating profit of 23.2 billion won. Revenue rose 9.0 percent from a year earlier. Operating profit swung to the black from a 9.8 billion won loss.

Socar extended its streak of operating profit to 6 consecutive quarters through the fourth quarter of last year. Gross profit in particular rose 26.7 percent from a year earlier to 102.0 billion won.

The profitability improvement reflects results from maximizing vehicle lifetime value under its 'Socar 2.0' strategy. It raised lifetime gross profit per vehicle through data-driven demand forecasting and optimized vehicle operations between car-sharing and Socar Plan. The company explained that the figure came to 14.2 million won, up about 40 percent from before the introduction of 'Socar 2.0'.

Its annual utilization rate improved by 3.1 percentage points from a year earlier to 37.8 percent. Annual adjusted net profit came to 6.4 billion won. That excluded one-off costs of 24.8 billion won such as impairment losses at subsidiaries. Net loss under accounting standards was 18.4 billion won, but the company explained it succeeded in a substantive return to profitability after removing one-off factors.

Socar said it will focus this year on strengthening competitiveness in its core car-sharing business and accelerating operational innovation. It plans to upgrade business models including short-term car-sharing, Socar Plan and test drives, and apply AI technology across internal operational processes and customer touchpoints. It also plans to secure future growth engines. It aims to build a data flywheel for the commercialization of autonomous driving technology based on accumulated driving data.

Socar Chief Executive Jaeuk Park (박재욱) said, "2025 was the year we proved Socar's capability for structural profitability through improvements in fundamentals centered on our core business." He added, "This year, we will raise corporate value another step through AI-based operational innovation and investment in future mobility technology."