Pungguk Ethanol Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	164,730	156,327	168,467	153,988	127,698	117,990
Other Revenue	-	-	-	-0	-	-
Revenue	164,730	156,327	168,467	153,988	127,698	117,990
Revenue Growth (YoY)	3.55%	-7.21%	9.40%	20.59%	8.23%	-2.83%
Cost of Revenue	130,932	126,675	138,759	132,617	104,939	92,216
Gross Profit	33,799	29,652	29,708	21,372	22,760	25,774
Selling, General & Admin	15,991	15,641	16,054	15,620	13,803	12,773
Research & Development	-	55.12	88.77	65.89	125.97	144
Other Operating Expenses	268.75	283.48	478.42	450.18	394.16	324.2
Operating Expenses	17,256	17,153	18,041	17,605	15,518	14,611
Operating Income	16,543	12,499	11,667	3,766	7,242	11,162
Interest Expense	-	-11.2	-27.89	-318.02	-277.76	-379.56
Interest & Investment Income	607.32	449.68	208.99	469.95	628.26	743.03
Earnings From Equity Investments	440.13	341.93	728.28	808.91	640.23	280.98
Currency Exchange Gain (Loss)	-	-	-11.48	-	-	-
Other Non Operating Income (Expenses)	500.07	503.43	732.93	998.01	1,232	514.12
EBT Excluding Unusual Items	18,090	13,783	13,298	5,725	9,465	12,321
Gain (Loss) on Sale of Investments	-460.37	-587.4	-296.89	494.52	88.59	-
Gain (Loss) on Sale of Assets	181.31	150.85	-417.33	-71.71	495.84	10.52
Asset Writedown	-	-	-	-	-	-560.2
Pretax Income	17,811	13,347	12,584	6,148	10,049	11,771
Income Tax Expense	3,858	2,803	1,757	668.2	1,149	2,624
Earnings From Continuing Operations	13,954	10,544	10,827	5,480	8,901	9,147
Minority Interest in Earnings	-3,013	-2,496	-2,361	-2,038	-1,766	-945.78
Net Income	10,940	8,047	8,466	3,441	7,135	8,202
Net Income to Common	10,940	8,047	8,466	3,441	7,135	8,202
Net Income Growth	55.83%	-4.94%	145.99%	-51.77%	-13.00%	5.30%
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	-0.13%	-	-	-	-	-
EPS (Basic)	868.84	638.69	671.87	273.13	566.27	650.92
EPS (Diluted)	868.84	638.69	671.87	273.13	566.27	650.92
EPS Growth	56.03%	-4.94%	145.99%	-51.77%	-13.00%	5.30%
Free Cash Flow	1,131	4,968	11,598	-10,978	-11,417	14,986
Free Cash Flow Per Share	89.81	394.27	920.46	-871.31	-906.13	1189.34
Dividend Per Share	160.000	160.000	100.000	60.000	120.000	180.000
Dividend Growth	60.00%	60.00%	66.67%	-50.00%	-33.33%	12.50%
Gross Margin	20.52%	18.97%	17.63%	13.88%	17.82%	21.84%
Operating Margin	10.04%	8.00%	6.93%	2.45%	5.67%	9.46%
Profit Margin	6.64%	5.15%	5.03%	2.23%	5.59%	6.95%
Free Cash Flow Margin	0.69%	3.18%	6.88%	-7.13%	-8.94%	12.70%
EBITDA	26,552	22,621	20,181	11,871	15,476	19,635
EBITDA Margin	16.12%	14.47%	11.98%	7.71%	12.12%	16.64%
D&A For EBITDA	10,009	10,122	8,514	8,104	8,234	8,473
EBIT	16,543	12,499	11,667	3,766	7,242	11,162
EBIT Margin	10.04%	8.00%	6.93%	2.45%	5.67%	9.46%
Effective Tax Rate	21.66%	21.00%	13.96%	10.87%	11.43%	22.29%
Advertising Expenses	-	3.6	6.6	7.6	5.1	7.6

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