Namhwa Industrial Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	16,582	16,771	20,703	24,671	30,436	25,893
Revenue	16,582	16,771	20,703	24,671	30,436	25,893
Revenue Growth (YoY)	-16.35%	-18.99%	-16.08%	-18.94%	17.54%	46.17%
Cost of Revenue	270.21	290.86	190.73	196.81	175.79	256.78
Gross Profit	16,312	16,480	20,512	24,474	30,260	25,636
Selling, General & Admin	10,135	10,126	10,338	10,522	10,281	9,708
Other Operating Expenses	1,145	1,146	973.38	932.12	995.32	866.62
Operating Expenses	12,362	12,386	12,502	12,680	12,539	11,808
Operating Income	3,950	4,094	8,011	11,794	17,721	13,829
Interest & Investment Income	1,417	1,529	1,921	2,033	1,301	592.93
Earnings From Equity Investments	3,210	2,862	3,388	7,895	5,722	3,425
Currency Exchange Gain (Loss)	-	-	-	-	-	11.41
Other Non Operating Income (Expenses)	-322.38	-321.22	-322.62	-455.23	-474.85	-486.93
EBT Excluding Unusual Items	8,254	8,164	12,997	21,268	24,270	17,371
Gain (Loss) on Sale of Investments	310.07	382.91	524.35	82.14	59.2	147.65
Gain (Loss) on Sale of Assets	67	-	6.94	38.85	-9.18	-35.35
Pretax Income	8,632	8,547	13,528	21,389	24,320	17,484
Income Tax Expense	1,884	1,875	2,595	3,733	3,676	3,747
Net Income	6,747	6,672	10,933	17,656	20,643	13,737
Net Income to Common	6,747	6,672	10,933	17,656	20,643	13,737
Net Income Growth	-29.74%	-38.97%	-38.08%	-14.47%	50.28%	107.81%
Shares Outstanding (Basic)	20	21	21	21	21	21
Shares Outstanding (Diluted)	20	21	21	21	21	21
Shares Change (YoY)	-1.20%	-0.00%	0.06%	-0.02%	-0.06%	0.01%
EPS (Basic)	329.90	324.07	531.00	858.00	1003.00	667.00
EPS (Diluted)	329.90	324.07	531.00	858.00	1003.00	667.00
EPS Growth	-28.89%	-38.97%	-38.11%	-14.46%	50.38%	107.79%
Free Cash Flow	6,058	6,187	-2,040	7,061	14,848	14,136
Free Cash Flow Per Share	296.21	300.49	-99.07	343.14	721.43	686.36
Gross Margin	98.37%	98.27%	99.08%	99.20%	99.42%	99.01%
Operating Margin	23.82%	24.41%	38.69%	47.81%	58.23%	53.41%
Profit Margin	40.69%	39.78%	52.81%	71.56%	67.83%	53.05%
Free Cash Flow Margin	36.53%	36.89%	-9.85%	28.62%	48.79%	54.59%
EBITDA	5,032	5,207	9,201	13,019	18,983	15,061
EBITDA Margin	30.34%	31.05%	44.44%	52.77%	62.37%	58.17%
D&A For EBITDA	1,082	1,113	1,190	1,225	1,262	1,233
EBIT	3,950	4,094	8,011	11,794	17,721	13,829
EBIT Margin	23.82%	24.41%	38.69%	47.81%	58.23%	53.41%
Effective Tax Rate	21.83%	21.93%	19.19%	17.45%	15.12%	21.43%
Advertising Expenses	-	14.37	43.24	17.51	22.32	42.66