Formetal 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
Operating Revenue	66,035	65,149	71,095	69,600	62,089
Other Revenue	-	-	-0	-	-0
Revenue	66,035	65,149	71,095	69,600	62,089
Revenue Growth (YoY)	1.36%	-8.36%	2.15%	12.10%	18.92%
Cost of Revenue	59,604	59,890	64,960	63,841	55,827
Gross Profit	6,430	5,259	6,135	5,758	6,263
Selling, General & Admin	3,289	3,232	3,407	3,390	3,420
Research & Development	330.42	345.53	368.88	333.76	342.18
Amortization of Goodwill & Intangibles	9.6	9.6	10.08	8.27	11.49
Other Operating Expenses	71.84	76.69	78.43	77.49	73.63
Operating Expenses	4,065	3,764	3,992	3,741	4,154
Operating Income	2,365	1,495	2,144	2,018	2,109
Interest Expense	-101.24	-185.71	-288.08	-228.28	-139.92
Interest & Investment Income	124.57	92.77	75.45	36.58	10.98
Currency Exchange Gain (Loss)	32.2	50.88	-151.05	-122.69	16.81
Other Non Operating Income (Expenses)	102.89	109.14	158.29	91.74	109.35
EBT Excluding Unusual Items	2,523	1,562	1,938	1,795	2,106
Gain (Loss) on Sale of Assets	2.49	-18.06	24.58	-45.67	-45.68
Pretax Income	2,526	1,544	1,963	1,749	2,060
Income Tax Expense	367.41	-23.05	53.23	22.91	48.02
Net Income	2,158	1,567	1,909	1,727	2,012
Net Income to Common	2,158	1,567	1,909	1,727	2,012
Net Income Growth	37.74%	-17.93%	10.60%	-14.19%	13.82%
Shares Outstanding (Basic)	-	12	12	12	12
Shares Outstanding (Diluted)	-	12	12	12	12
EPS (Basic)	-	132.27	161.17	145.73	169.84
EPS (Diluted)	-	132.27	161.17	145.73	169.84
EPS Growth	-	-17.93%	10.60%	-14.19%	13.82%
Free Cash Flow	4,209	4,111	2,923	1,847	-330.57
Free Cash Flow Per Share	-	347.03	246.74	155.91	-27.90
Gross Margin	9.74%	8.07%	8.63%	8.27%	10.09%
Operating Margin	3.58%	2.30%	3.02%	2.90%	3.40%
Profit Margin	3.27%	2.40%	2.69%	2.48%	3.24%
Free Cash Flow Margin	6.37%	6.31%	4.11%	2.65%	-0.53%
EBITDA	4,966	4,017	4,582	4,409	4,468
EBITDA Margin	7.52%	6.17%	6.44%	6.33%	7.20%
D&A For EBITDA	2,601	2,523	2,438	2,391	2,359
EBIT	2,365	1,495	2,144	2,018	2,109
EBIT Margin	3.58%	2.30%	3.02%	2.90%	3.40%
Effective Tax Rate	14.55%	-	2.71%	1.31%	2.33%
Advertising Expenses	-	-	50.59	0.21	1.29

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