GSE Co., Ltd. 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
Other Revenue	-	-	-	-	-0
Revenue	170,081	155,623	168,760	172,618	128,703
Revenue Growth (YoY)	9.29%	-7.78%	-2.23%	34.12%	6.54%
Cost of Revenue	136,927	125,468	140,261	144,631	102,886
Gross Profit	33,154	30,155	28,499	27,987	25,817
Selling, General & Admin	17,637	17,466	16,646	16,263	14,451
Amortization of Goodwill & Intangibles	112.33	65.96	16.27	19.92	19.8
Operating Expenses	27,311	25,248	24,117	23,434	21,188
Operating Income	5,843	4,908	4,381	4,554	4,629
Interest Expense	-1,560	-1,890	-795.41	-591.64	-458.15
Interest & Investment Income	200.8	167.98	2,867	1,989	580.52
Other Non Operating Income (Expenses)	120.2	207.61	130.11	113.78	234.97
EBT Excluding Unusual Items	4,604	3,393	6,583	6,065	4,987
Gain (Loss) on Sale of Investments	5.41	10.2	18.41	7.4	1.69
Gain (Loss) on Sale of Assets	37.72	352.46	39.11	945.35	-192.87
Pretax Income	4,648	3,756	6,640	7,018	4,796
Income Tax Expense	772.47	192.48	1,052	1,116	720.35
Net Income	3,875	3,563	5,588	5,902	4,075
Net Income to Common	3,875	3,563	5,588	5,902	4,075
Net Income Growth	8.75%	-36.24%	-5.32%	44.84%	-6.11%
Shares Outstanding (Basic)	-	30	30	30	28
Shares Outstanding (Diluted)	-	30	30	30	28
Shares Change (YoY)	-	-	-	5.99%	2.12%
EPS (Basic)	-	118.82	186.36	196.83	144.04
EPS (Diluted)	-	118.82	186.36	196.83	144.04
EPS Growth	-	-36.24%	-5.32%	36.65%	-8.06%
Free Cash Flow	-1,480	-26,717	-8,373	1,038	-4,361
Free Cash Flow Per Share	-	-890.94	-279.20	34.60	-154.14
Gross Margin	19.49%	19.38%	16.89%	16.21%	20.06%
Operating Margin	3.44%	3.15%	2.60%	2.64%	3.60%
Profit Margin	2.28%	2.29%	3.31%	3.42%	3.17%
Free Cash Flow Margin	-0.87%	-17.17%	-4.96%	0.60%	-3.39%
EBITDA	14,015	12,698	11,845	11,699	11,370
EBITDA Margin	8.24%	8.16%	7.02%	6.78%	8.83%
D&A For EBITDA	8,172	7,790	7,464	7,145	6,741
EBIT	5,843	4,908	4,381	4,554	4,629
EBIT Margin	3.44%	3.15%	2.60%	2.64%	3.60%
Effective Tax Rate	16.62%	5.13%	15.84%	15.90%	15.02%

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