Polaris Office Corp. (KOSDAQ:041020)

Polaris Office 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	309,665	276,274	107,892	24,183	22,982	19,495
Other Revenue	-	-	-	-0	-	-
Revenue	309,665	276,274	107,892	24,183	22,982	19,495
Revenue Growth (YoY)	43.63%	156.07%	346.15%	5.23%	17.89%	-7.38%
Cost of Revenue	236,282	207,570	72,053	4,323	2,708	2,098
Gross Profit	73,384	68,704	35,839	19,860	20,274	17,397
Selling, General & Admin	57,125	53,492	25,004	16,337	16,515	22,600
Research & Development	6,364	5,568	1,422	824.54	721.87	1,929
Other Operating Expenses	748.92	700.24	307.57	146.89	68.84	104.54
Operating Expenses	68,965	64,403	29,591	18,103	17,832	25,043
Operating Income	4,419	4,300	6,248	1,757	2,442	-7,646
Interest Expense	-1,921	-1,944	-848.14	-191.51	-574.26	-437.73
Interest & Investment Income	4,112	4,345	3,575	445.09	165.39	278.72
Earnings From Equity Investments	-1,199	-	-	-	-	-
Currency Exchange Gain (Loss)	-1,108	6,509	-921.06	106.52	313.45	-144.36
Other Non Operating Income (Expenses)	1,531	3,156	5,804	-24.6	-3,928	850.36
EBT Excluding Unusual Items	5,834	16,365	13,858	2,092	-1,581	-7,099
Gain (Loss) on Sale of Investments	9,740	7,768	13,715	10,704	1,345	5,187
Gain (Loss) on Sale of Assets	238.23	-52.08	-981.17	-5.54	9.22	31.32
Asset Writedown	-108.92	-108.92	-1,549	-1.55	28	-
Other Unusual Items	-46.25	-467.98	-	-	-	-
Pretax Income	15,657	23,504	25,042	12,789	-198.67	-1,881
Income Tax Expense	2,524	4,875	2,593	32.84	87.84	-896.06
Earnings From Continuing Operations	13,133	18,628	22,449	12,756	-286.51	-984.78
Net Income to Company	13,133	18,628	22,449	12,756	-286.51	-984.78
Minority Interest in Earnings	-7,902	-11,563	-1,135	349.69	72.2	877.36
Net Income	5,232	7,066	21,314	13,106	-214.31	-107.42
Net Income to Common	5,232	7,066	21,314	13,106	-214.31	-107.42
Net Income Growth	55.96%	-66.85%	62.63%	-	-	-
Shares Outstanding (Basic)	50	50	49	44	38	37
Shares Outstanding (Diluted)	50	50	50	48	38	37
Shares Change (YoY)	-0.00%	0.18%	3.00%	25.11%	2.84%	-
EPS (Basic)	105.30	142.22	431.94	294.99	-5.57	-2.87
EPS (Diluted)	105.00	142.00	429.90	274.03	-6.00	-3.00
EPS Growth	62.89%	-66.97%	56.88%	-	-	-
Free Cash Flow	10,467	4,851	7,937	342.36	-41.13	-5,334
Free Cash Flow Per Share	210.68	97.63	160.04	7.11	-1.07	-142.53
Gross Margin	23.70%	24.87%	33.22%	82.12%	88.22%	89.24%
Operating Margin	1.43%	1.56%	5.79%	7.26%	10.63%	-39.22%
Profit Margin	1.69%	2.56%	19.75%	54.20%	-0.93%	-0.55%
Free Cash Flow Margin	3.38%	1.76%	7.36%	1.42%	-0.18%	-27.36%
EBITDA	15,608	14,364	10,110	2,735	3,308	-6,716
EBITDA Margin	5.04%	5.20%	9.37%	11.31%	14.39%	-34.45%
D&A For EBITDA	11,189	10,064	3,862	978.59	865.37	930.74
EBIT	4,419	4,300	6,248	1,757	2,442	-7,646
EBIT Margin	1.43%	1.56%	5.79%	7.26%	10.63%	-39.22%
Effective Tax Rate	16.12%	20.74%	10.35%	0.26%	-	-
Advertising Expenses	-	804.07	294.36	223.25	193.01	2,597

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.