Gyeongnam Steel 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	357,139	395,490	390,306	415,313	342,291
Other Revenue	-0	-	-0	-	-0
Revenue	357,139	395,490	390,306	415,313	342,291
Revenue Growth (YoY)	-9.70%	1.33%	-6.02%	21.33%	15.05%
Cost of Revenue	337,977	374,186	368,185	393,274	326,162
Gross Profit	19,162	21,304	22,121	22,039	16,129
Selling, General & Admin	11,261	10,672	10,468	9,883	8,609
Amortization of Goodwill & Intangibles	7.25	2.75	2.75	-	-
Other Operating Expenses	266.15	273.36	311.25	232.54	234.59
Operating Expenses	13,204	11,856	11,395	10,643	9,231
Operating Income	5,958	9,448	10,726	11,396	6,898
Interest Expense	-758.98	-1,098	-1,074	-843.42	-603.06
Interest & Investment Income	122.85	226.71	213.92	152.21	149.69
Earnings From Equity Investments	-263.49	-665.59	-568.52	-657.85	-
Currency Exchange Gain (Loss)	-377.87	961.47	-160.04	404	641.77
Other Non Operating Income (Expenses)	562.48	638.37	1,608	1,799	1,377
EBT Excluding Unusual Items	5,243	9,511	10,745	12,250	8,463
Gain (Loss) on Sale of Investments	557.82	-83.4	27.86	31.69	-124.57
Gain (Loss) on Sale of Assets	-	10.32	8.45	15.57	45.49
Pretax Income	5,801	9,437	10,781	12,297	8,384
Income Tax Expense	1,168	1,983	2,229	2,637	2,255
Net Income	4,633	7,455	8,552	9,660	6,130
Net Income to Common	4,633	7,455	8,552	9,660	6,130
Net Income Growth	-37.85%	-12.83%	-11.47%	57.59%	105.91%
Shares Outstanding (Basic)	-	27	27	27	25
Shares Outstanding (Diluted)	-	27	27	27	26
Shares Change (YoY)	-	-	-	2.69%	4.94%
EPS (Basic)	-	276.32	316.98	358.06	245.19
EPS (Diluted)	-	276.32	316.98	358.06	233.32
EPS Growth	-	-12.83%	-11.47%	53.46%	96.22%
Free Cash Flow	15,617	6,901	-765.11	5,671	3,496
Free Cash Flow Per Share	-	255.80	-28.36	210.19	133.06
Gross Margin	5.37%	5.39%	5.67%	5.31%	4.71%
Operating Margin	1.67%	2.39%	2.75%	2.74%	2.02%
Profit Margin	1.30%	1.88%	2.19%	2.33%	1.79%
Free Cash Flow Margin	4.37%	1.75%	-0.20%	1.36%	1.02%
EBITDA	8,655	12,122	13,398	14,053	9,585
EBITDA Margin	2.42%	3.06%	3.43%	3.38%	2.80%
D&A For EBITDA	2,697	2,674	2,672	2,657	2,687
EBIT	5,958	9,448	10,726	11,396	6,898
EBIT Margin	1.67%	2.39%	2.75%	2.74%	2.02%
Effective Tax Rate	20.13%	21.01%	20.68%	21.45%	26.89%
Advertising Expenses	76.1	60.7	83.29	141.5	80.02

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