Hyundai Ezwel Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	137,118	131,056	117,952	112,460	96,522	87,188	Upgrade
Revenue Growth (YoY)	6.25%	11.11%	4.88%	16.51%	10.71%	14.24%	Upgrade
Cost of Revenue	69.76	75.49	80.69	59.38	45,400	43,729	Upgrade
Gross Profit	137,048	130,981	117,871	112,401	51,122	43,458	Upgrade
Selling, General & Admin	110,210	106,133	94,455	89,527	31,823	25,873	Upgrade
Research & Development	-	-	-	-	492.18	1,117	Upgrade
Amortization of Goodwill & Intangibles	1,399	1,508	1,752	1,281	1,117	1,075	Upgrade
Other Operating Expenses	1,191	1,236	1,191	1,263	959.25	784.17	Upgrade
Operating Expenses	114,799	110,737	99,530	93,887	35,190	30,204	Upgrade
Operating Income	22,250	20,244	18,341	18,514	15,933	13,255	Upgrade
Interest Expense	-782.75	-782.75	-1,133	-252.77	-7.83	-349.47	Upgrade
Interest & Investment Income	4,008	4,008	3,461	1,756	546.37	319.08	Upgrade
Earnings From Equity Investments	-221.88	-221.88	-	-	-	-	Upgrade
Currency Exchange Gain (Loss)	2.12	2.12	4.47	3.31	73.2	-39.66	Upgrade
Other Non Operating Income (Expenses)	336.76	535.43	485.57	-4.64	191.01	-362.31	Upgrade
EBT Excluding Unusual Items	25,591	23,784	21,159	20,016	16,735	12,822	Upgrade
Impairment of Goodwill	-6,326	-6,326	-16,001	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	27.83	-176.51	-213.46	383.67	-380.23	-	Upgrade
Gain (Loss) on Sale of Assets	-17.57	-17.57	-25.67	-83.44	-569.18	-0.1	Upgrade
Asset Writedown	-	-	-	-	-	-218.69	Upgrade
Pretax Income	19,276	17,264	4,919	20,316	15,786	12,604	Upgrade
Income Tax Expense	3,103	5,341	5,451	5,148	5,284	2,547	Upgrade
Earnings From Continuing Operations	16,173	11,923	-532.19	15,168	10,502	10,057	Upgrade
Earnings From Discontinued Operations	-	-	-	-	4,892	-2,203	Upgrade
Net Income to Company	16,173	11,923	-532.19	15,168	15,394	7,854	Upgrade
Minority Interest in Earnings	-	-	-	-	-	1,629	Upgrade
Net Income	16,173	11,923	-532.19	15,168	15,394	9,483	Upgrade
Net Income to Common	16,173	11,923	-532.19	15,168	15,394	9,483	Upgrade
Net Income Growth	1056.14%	-	-	-1.47%	62.32%	90.71%	Upgrade
Shares Outstanding (Basic)	23	24	24	24	24	22	Upgrade
Shares Outstanding (Diluted)	23	24	24	24	24	23	Upgrade
Shares Change (YoY)	-1.10%	-	-	-	2.74%	3.85%	Upgrade
EPS (Basic)	688.36	502.09	-22.41	638.73	648.25	422.69	Upgrade
EPS (Diluted)	688.36	502.09	-22.41	638.73	648.25	414.61	Upgrade
EPS Growth	1068.95%	-	-	-1.47%	56.35%	75.30%	Upgrade
Free Cash Flow	26,167	30,667	10,981	22,384	18,866	8,732	Upgrade
Free Cash Flow Per Share	1113.74	1291.42	462.41	942.64	794.49	377.77	Upgrade
Dividend Per Share	170.000	170.000	-	-	-	-	Upgrade
Gross Margin	99.95%	99.94%	99.93%	99.95%	52.96%	49.84%	Upgrade
Operating Margin	16.23%	15.45%	15.55%	16.46%	16.51%	15.20%	Upgrade
Profit Margin	11.79%	9.10%	-0.45%	13.49%	15.95%	10.88%	Upgrade
Free Cash Flow Margin	19.08%	23.40%	9.31%	19.90%	19.55%	10.02%	Upgrade
EBITDA	25,430	23,532	21,851	20,990	17,791	15,480	Upgrade
EBITDA Margin	18.55%	17.95%	18.53%	18.67%	18.43%	17.76%	Upgrade
D&A For EBITDA	3,181	3,288	3,510	2,476	1,859	2,226	Upgrade
EBIT	22,250	20,244	18,341	18,514	15,933	13,255	Upgrade
EBIT Margin	16.23%	15.45%	15.55%	16.46%	16.51%	15.20%	Upgrade
Effective Tax Rate	16.10%	30.94%	110.82%	25.34%	33.47%	20.21%	Upgrade
Advertising Expenses	-	2,144	1,808	1,009	511.31	573	Upgrade

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