Korea Ratings Co., Ltd. (KOSDAQ:034950)

Korea Ratings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	108,572	104,057	95,594	101,576	104,520	95,885
Revenue Growth (YoY)	6.97%	8.85%	-5.89%	-2.82%	9.01%	3.38%
Cost of Revenue	1,042	988.38	948.57	911.53	666.11	341.3
Gross Profit	107,530	103,069	94,645	100,664	103,854	95,543
Selling, General & Admin	69,560	65,651	61,653	64,291	62,434	59,096
Research & Development	80.05	89.62	82.67	65.14	57.81	60.12
Amortization of Goodwill & Intangibles	1,002	2,404	4,062	4,383	2,995	1,339
Other Operating Expenses	556.49	675.59	1,548	504.66	464.74	374.92
Operating Expenses	72,829	70,389	68,806	70,735	67,634	62,833
Operating Income	34,701	32,680	25,840	29,930	36,219	32,710
Interest Expense	-130.88	-130.88	-104.1	-23.6	-26.63	-46.54
Interest & Investment Income	3,595	3,595	3,518	2,221	695.37	1,123
Currency Exchange Gain (Loss)	-14.3	10.03	-30.32	37.49	-0.05	-73.78
Other Non Operating Income (Expenses)	-180.42	129.46	201.11	10.49	135.11	128.28
EBT Excluding Unusual Items	37,971	36,284	29,425	32,175	37,023	33,841
Gain (Loss) on Sale of Assets	0.4	-0.33	2.8	3.2	4.66	-52.85
Asset Writedown	-	-	-	-	-	-4
Pretax Income	37,971	36,284	29,427	32,178	37,028	33,784
Income Tax Expense	8,417	7,688	5,256	6,690	10,278	9,620
Earnings From Continuing Operations	29,554	28,596	24,171	25,488	26,750	24,163
Net Income to Company	29,554	28,596	24,171	25,488	26,750	24,163
Minority Interest in Earnings	-4,192	-4,162	-3,787	-5,047	-4,489	-4,206
Net Income	25,362	24,433	20,385	20,441	22,261	19,957
Net Income to Common	25,362	24,433	20,385	20,441	22,261	19,957
Net Income Growth	4.78%	19.86%	-0.27%	-8.18%	11.55%	-1.96%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	0.00%	-	-	-	-	-
EPS (Basic)	5685.30	5477.29	4569.70	4582.30	4990.28	4473.75
EPS (Diluted)	5685.30	5477.29	4569.70	4582.30	4990.28	4473.75
EPS Growth	4.78%	19.86%	-0.27%	-8.18%	11.55%	-1.96%
Free Cash Flow	31,066	35,129	27,393	24,242	33,522	29,869
Free Cash Flow Per Share	6964.07	7874.90	6140.71	5434.40	7514.59	6695.84
Dividend Per Share	3954.000	3954.000	-	-	-	-
Gross Margin	99.04%	99.05%	99.01%	99.10%	99.36%	99.64%
Operating Margin	31.96%	31.41%	27.03%	29.47%	34.65%	34.11%
Profit Margin	23.36%	23.48%	21.32%	20.12%	21.30%	20.81%
Free Cash Flow Margin	28.61%	33.76%	28.66%	23.87%	32.07%	31.15%
EBITDA	37,096	36,401	31,261	35,789	40,888	35,934
EBITDA Margin	34.17%	34.98%	32.70%	35.23%	39.12%	37.48%
D&A For EBITDA	2,395	3,721	5,421	5,859	4,669	3,224
EBIT	34,701	32,680	25,840	29,930	36,219	32,710
EBIT Margin	31.96%	31.41%	27.03%	29.47%	34.65%	34.11%
Effective Tax Rate	22.17%	21.19%	17.86%	20.79%	27.76%	28.48%
Advertising Expenses	-	78.7	62.95	48	50.31	50.93

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.