Tae Kwang Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	296,966	266,810	312,067	249,743	185,148
Other Revenue	-	-0	-	-	-0
Revenue	296,966	266,810	312,067	249,743	185,148
Revenue Growth (YoY)	11.30%	-14.50%	24.96%	34.89%	-1.73%
Cost of Revenue	211,325	195,042	222,808	175,734	148,729
Gross Profit	85,641	71,768	89,260	74,009	36,419
Selling, General & Admin	45,205	29,458	28,216	28,269	19,429
Research & Development	-	-	-	0.6	60.62
Amortization of Goodwill & Intangibles	889.63	947.13	962.88	957.89	894.63
Other Operating Expenses	701.39	646.78	588.26	449.94	484.77
Operating Expenses	46,906	31,895	31,536	28,659	22,888
Operating Income	38,735	39,873	57,724	45,350	13,531
Interest Expense	-598.72	-601.29	-762.93	-643.29	-738.41
Interest & Investment Income	9,948	9,226	5,568	1,469	442.03
Currency Exchange Gain (Loss)	469.63	8,749	2,711	4,362	6,780
Other Non Operating Income (Expenses)	-1,147	363.81	603.23	-347.79	711.53
EBT Excluding Unusual Items	47,407	57,610	65,843	50,190	20,726
Impairment of Goodwill	-7,552	-	-	-	-
Gain (Loss) on Sale of Investments	46,222	466.48	4,786	-3,419	1,289
Gain (Loss) on Sale of Assets	116.46	-245.19	15.4	17.06	21.85
Pretax Income	86,193	57,831	70,645	46,788	22,037
Income Tax Expense	20,678	11,710	12,517	10,004	3,487
Earnings From Continuing Operations	65,514	46,121	58,128	36,783	18,549
Minority Interest in Earnings	-1,641	-1,209	-3,052	-1,013	-3,331
Net Income	63,873	44,912	55,076	35,771	15,218
Net Income to Common	63,873	44,912	55,076	35,771	15,218
Net Income Growth	42.22%	-18.45%	53.97%	135.05%	-
Shares Outstanding (Basic)	26	26	26	26	26
Shares Outstanding (Diluted)	26	26	26	26	26
EPS (Basic)	2469.27	1736.23	2129.18	1382.86	588.32
EPS (Diluted)	2469.27	1736.23	2129.18	1382.86	588.32
EPS Growth	42.22%	-18.45%	53.97%	135.05%	-
Free Cash Flow	5,016	45,943	34,127	39,160	23,927
Free Cash Flow Per Share	193.90	1776.12	1319.30	1513.88	925.00
Dividend Per Share	250.000	250.000	170.000	170.000	100.000
Dividend Growth	-	47.06%	-	70.00%	100.00%
Gross Margin	28.84%	26.90%	28.60%	29.63%	19.67%
Operating Margin	13.04%	14.94%	18.50%	18.16%	7.31%
Profit Margin	21.51%	16.83%	17.65%	14.32%	8.22%
Free Cash Flow Margin	1.69%	17.22%	10.94%	15.68%	12.92%
EBITDA	50,855	50,080	66,972	54,245	22,611
EBITDA Margin	17.13%	18.77%	21.46%	21.72%	12.21%
D&A For EBITDA	12,121	10,207	9,248	8,895	9,080
EBIT	38,735	39,873	57,724	45,350	13,531
EBIT Margin	13.04%	14.94%	18.50%	18.16%	7.31%
Effective Tax Rate	23.99%	20.25%	17.72%	21.38%	15.82%
Advertising Expenses	75.21	168.34	121.24	109.95	117.75

Source: S&P Global Market Intelligence. Standard template. Financial Sources.