Solborn, Inc. (KOSDAQ:035610)

Solborn 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	107,712	102,329	89,277	88,993	78,867	71,344
Other Revenue	22,836	19,573	30,563	4,824	21,333	10,695
Revenue	130,548	121,901	119,840	93,816	100,199	82,039
Revenue Growth (YoY)	4.52%	1.72%	27.74%	-6.37%	22.14%	2.15%
Cost of Revenue	42,433	40,327	38,937	70,885	44,449	37,010
Gross Profit	88,115	81,574	80,903	22,931	55,751	45,029
Selling, General & Admin	41,436	40,376	37,353	36,793	31,154	29,269
Research & Development	8,405	9,208	8,635	8,039	7,378	5,757
Operating Expenses	55,607	54,375	48,226	49,407	41,008	37,877
Operating Income	32,509	27,199	32,677	-26,476	14,743	7,152
Interest Expense	-17,550	-133.33	-133.52	-124.97	-115.23	-141.16
Interest & Investment Income	-	3,198	1,880	1,229	781.95	469.59
Earnings From Equity Investments	-70.02	138.75	2,157	-5,186	-209.05	633.48
Currency Exchange Gain (Loss)	-481.89	4,007	706.1	-491.79	2,055	-1,304
Other Non Operating Income (Expenses)	414.23	161.11	11.8	373.15	2,411	239.73
EBT Excluding Unusual Items	14,821	34,570	37,299	-30,677	19,667	7,049
Gain (Loss) on Sale of Investments	35,567	35,758	17,628	-14,676	14,229	-1,498
Gain (Loss) on Sale of Assets	11.6	-30.97	-5.79	0.46	-1.11	19.92
Asset Writedown	-0.08	-0.08	-	-	-	-122.76
Other Unusual Items	-	-	20.38	8.84	-	1,611
Pretax Income	50,400	70,296	54,941	-45,344	33,895	7,060
Income Tax Expense	5,660	7,736	5,228	-3,427	3,928	1,919
Earnings From Continuing Operations	44,740	62,560	49,713	-41,917	29,967	5,141
Earnings From Discontinued Operations	-1,561	-2,066	-818.32	-0.01	-0.01	-0.69
Net Income to Company	43,179	60,495	48,895	-41,917	29,967	5,140
Minority Interest in Earnings	-13,865	-23,574	-10,646	204.86	-12,145	-3,693
Net Income	29,314	36,921	38,249	-41,712	17,822	1,447
Net Income to Common	29,314	36,921	38,249	-41,712	17,822	1,447
Net Income Growth	-21.07%	-3.47%	-	-	1131.32%	-18.63%
Shares Outstanding (Basic)	22	22	22	22	22	23
Shares Outstanding (Diluted)	22	22	22	22	22	23
Shares Change (YoY)	-0.15%	-0.05%	-0.30%	-0.54%	-0.89%	-0.57%
EPS (Basic)	1315.55	1655.66	1714.39	-1863.90	792.10	63.76
EPS (Diluted)	1315.55	1655.66	1714.39	-1863.90	792.10	63.76
EPS Growth	-20.95%	-3.43%	-	-	1142.34%	-18.17%
Free Cash Flow	27,586	14,907	10,555	14,361	15,023	16,567
Free Cash Flow Per Share	1237.98	668.46	473.10	641.73	667.69	729.81
Gross Margin	67.50%	66.92%	67.51%	24.44%	55.64%	54.89%
Operating Margin	24.90%	22.31%	27.27%	-28.22%	14.71%	8.72%
Profit Margin	22.45%	30.29%	31.92%	-44.46%	17.79%	1.76%
Free Cash Flow Margin	21.13%	12.23%	8.81%	15.31%	14.99%	20.19%
EBITDA	35,138	29,962	35,468	-23,740	17,262	9,440
EBITDA Margin	26.91%	24.58%	29.60%	-25.30%	17.23%	11.51%
D&A For EBITDA	2,629	2,763	2,791	2,737	2,519	2,288
EBIT	32,509	27,199	32,677	-26,476	14,743	7,152
EBIT Margin	24.90%	22.31%	27.27%	-28.22%	14.71%	8.72%
Effective Tax Rate	11.23%	11.00%	9.52%	-	11.59%	27.18%
Advertising Expenses	-	2,099	1,999	1,695	804.23	820.39

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