Cheryong Electric 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	224,017	262,736	183,941	86,061	48,783
Other Revenue	-0	-0	-	-0	-
Revenue	224,017	262,736	183,941	86,061	48,783
Revenue Growth (YoY)	-14.74%	42.84%	113.73%	76.42%	10.38%
Cost of Revenue	109,641	126,959	92,783	53,759	41,175
Gross Profit	114,376	135,777	91,159	32,302	7,608
Selling, General & Admin	46,372	37,325	19,486	14,271	5,562
Research & Development	440.83	524.52	895.24	1,521	1,001
Amortization of Goodwill & Intangibles	101.87	60.74	53.71	68	86.63
Other Operating Expenses	183.1	95.33	138.31	100.09	93.19
Operating Expenses	47,349	37,932	21,007	16,319	7,491
Operating Income	67,027	97,845	70,152	15,983	117.08
Interest Expense	-32.96	-28.43	-8.34	-6.45	-8.05
Interest & Investment Income	4,251	3,267	792.19	338.04	312.88
Currency Exchange Gain (Loss)	1,557	2,323	576.28	-980.06	408.47
Other Non Operating Income (Expenses)	-70.01	-1,744	-514.99	-114.94	32.55
EBT Excluding Unusual Items	72,733	101,662	70,997	15,220	862.94
Gain (Loss) on Sale of Investments	1,755	1,150	870.86	316.73	215.79
Gain (Loss) on Sale of Assets	10.63	16.26	0.64	-	0.64
Pretax Income	74,499	102,829	71,869	15,537	1,079
Income Tax Expense	15,786	22,908	15,485	3,057	-94.11
Net Income	58,712	79,921	56,384	12,480	1,173
Net Income to Common	58,712	79,921	56,384	12,480	1,173
Net Income Growth	-26.54%	41.74%	351.80%	963.50%	-66.71%
Shares Outstanding (Basic)	-	16	16	16	16
Shares Outstanding (Diluted)	-	16	16	16	16
Shares Change (YoY)	-	-	-	0.00%	0.00%
EPS (Basic)	-	4975.67	3510.30	776.96	73.06
EPS (Diluted)	-	4975.67	3510.30	776.96	73.06
EPS Growth	-	41.74%	351.80%	963.49%	-66.71%
Free Cash Flow	64,901	93,460	37,502	-17,607	7,207
Free Cash Flow Per Share	-	5818.54	2334.78	-1096.18	448.68
Gross Margin	51.06%	51.68%	49.56%	37.53%	15.60%
Operating Margin	29.92%	37.24%	38.14%	18.57%	0.24%
Profit Margin	26.21%	30.42%	30.65%	14.50%	2.40%
Free Cash Flow Margin	28.97%	35.57%	20.39%	-20.46%	14.77%
EBITDA	68,929	99,374	71,525	17,433	2,315
EBITDA Margin	30.77%	37.82%	38.88%	20.26%	4.75%
D&A For EBITDA	1,902	1,529	1,373	1,449	2,198
EBIT	67,027	97,845	70,152	15,983	117.08
EBIT Margin	29.92%	37.24%	38.14%	18.57%	0.24%
Effective Tax Rate	21.19%	22.28%	21.55%	19.67%	-
Advertising Expenses	208.19	420.52	60.82	159.17	11.42

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.