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
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
Revenue	137,118	131,056	117,952	112,460	96,522	87,188
Revenue Growth (YoY)	6.25%	11.11%	4.88%	16.51%	10.71%	14.24%
Cost of Revenue	69.76	75.49	80.69	59.38	45,400	43,729
Gross Profit	137,048	130,981	117,871	112,401	51,122	43,458
Selling, General & Admin	110,210	106,133	94,455	89,527	31,823	25,873
Research & Development	-	-	-	-	492.18	1,117
Amortization of Goodwill & Intangibles	1,399	1,508	1,752	1,281	1,117	1,075
Other Operating Expenses	1,191	1,236	1,191	1,263	959.25	784.17
Operating Expenses	114,799	110,737	99,530	93,887	35,190	30,204
Operating Income	22,250	20,244	18,341	18,514	15,933	13,255
Interest Expense	-782.75	-782.75	-1,133	-252.77	-7.83	-349.47
Interest & Investment Income	4,008	4,008	3,461	1,756	546.37	319.08
Earnings From Equity Investments	-221.88	-221.88	-	-	-	-
Currency Exchange Gain (Loss)	2.12	2.12	4.47	3.31	73.2	-39.66
Other Non Operating Income (Expenses)	336.76	535.43	485.57	-4.64	191.01	-362.31
EBT Excluding Unusual Items	25,591	23,784	21,159	20,016	16,735	12,822
Impairment of Goodwill	-6,326	-6,326	-16,001	-	-	-
Gain (Loss) on Sale of Investments	27.83	-176.51	-213.46	383.67	-380.23	-
Gain (Loss) on Sale of Assets	-17.57	-17.57	-25.67	-83.44	-569.18	-0.1
Asset Writedown	-	-	-	-	-	-218.69
Pretax Income	19,276	17,264	4,919	20,316	15,786	12,604
Income Tax Expense	3,103	5,341	5,451	5,148	5,284	2,547
Earnings From Continuing Operations	16,173	11,923	-532.19	15,168	10,502	10,057
Earnings From Discontinued Operations	-	-	-	-	4,892	-2,203
Net Income to Company	16,173	11,923	-532.19	15,168	15,394	7,854
Minority Interest in Earnings	-	-	-	-	-	1,629
Net Income	16,173	11,923	-532.19	15,168	15,394	9,483
Net Income to Common	16,173	11,923	-532.19	15,168	15,394	9,483
Net Income Growth	1056.14%	-	-	-1.47%	62.32%	90.71%
Shares Outstanding (Basic)	24	24	24	24	24	22
Shares Outstanding (Diluted)	24	24	24	24	24	23
Shares Change (YoY)	-1.03%	-	-	-	2.74%	3.85%
EPS (Basic)	688.18	502.09	-22.41	638.73	648.25	422.69
EPS (Diluted)	688.18	502.09	-22.41	638.73	648.25	414.61
EPS Growth	1075.39%	-	-	-1.47%	56.35%	75.30%
Free Cash Flow	26,167	30,667	10,981	22,384	18,866	8,732
Free Cash Flow Per Share	1113.44	1291.42	462.41	942.64	794.49	377.77
Dividend Per Share	170.000	170.000	-	-	-	-
Gross Margin	99.95%	99.94%	99.93%	99.95%	52.96%	49.84%
Operating Margin	16.23%	15.45%	15.55%	16.46%	16.51%	15.20%
Profit Margin	11.79%	9.10%	-0.45%	13.49%	15.95%	10.88%
Free Cash Flow Margin	19.08%	23.40%	9.31%	19.90%	19.55%	10.02%
EBITDA	25,430	23,532	21,851	20,990	17,791	15,480
EBITDA Margin	18.55%	17.95%	18.53%	18.67%	18.43%	17.76%
D&A For EBITDA	3,181	3,288	3,510	2,476	1,859	2,226
EBIT	22,250	20,244	18,341	18,514	15,933	13,255
EBIT Margin	16.23%	15.45%	15.55%	16.46%	16.51%	15.20%
Effective Tax Rate	16.10%	30.94%	110.82%	25.34%	33.47%	20.21%
Advertising Expenses	-	2,144	1,808	1,009	511.31	573

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