Formetal 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
Operating Revenue	66,541	65,149	71,095	69,600	62,089	52,213
Other Revenue	-	-	-0	-	-0	-
Revenue	66,541	65,149	71,095	69,600	62,089	52,213
Revenue Growth (YoY)	0.22%	-8.36%	2.15%	12.10%	18.92%	1.28%
Cost of Revenue	60,630	59,890	64,960	63,841	55,827	46,501
Gross Profit	5,911	5,259	6,135	5,758	6,263	5,712
Selling, General & Admin	3,313	3,232	3,407	3,390	3,420	3,163
Research & Development	319.91	345.53	368.88	333.76	342.18	393.21
Amortization of Goodwill & Intangibles	9.6	9.6	10.08	8.27	11.49	11.55
Other Operating Expenses	70.37	76.69	78.43	77.49	73.63	76.45
Operating Expenses	4,072	3,764	3,992	3,741	4,154	3,789
Operating Income	1,839	1,495	2,144	2,018	2,109	1,923
Interest Expense	-124.06	-185.71	-288.08	-228.28	-139.92	-150.89
Interest & Investment Income	122.12	92.77	75.45	36.58	10.98	17.45
Currency Exchange Gain (Loss)	72.8	50.88	-151.05	-122.69	16.81	125.72
Other Non Operating Income (Expenses)	78.46	109.14	158.29	91.74	109.35	178.64
EBT Excluding Unusual Items	1,988	1,562	1,938	1,795	2,106	2,094
Gain (Loss) on Sale of Assets	-11.2	-18.06	24.58	-45.67	-45.68	-279.77
Pretax Income	1,977	1,544	1,963	1,749	2,060	1,815
Income Tax Expense	61.64	-23.05	53.23	22.91	48.02	46.72
Net Income	1,915	1,567	1,909	1,727	2,012	1,768
Net Income to Common	1,915	1,567	1,909	1,727	2,012	1,768
Net Income Growth	-2.44%	-17.93%	10.60%	-14.19%	13.82%	-19.72%
Shares Outstanding (Basic)	12	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12	12
EPS (Basic)	161.68	132.27	161.17	145.73	169.84	149.22
EPS (Diluted)	161.68	132.27	161.17	145.73	169.84	149.22
EPS Growth	-2.44%	-17.93%	10.60%	-14.19%	13.82%	-19.72%
Free Cash Flow	4,743	4,111	2,923	1,847	-330.57	2,560
Free Cash Flow Per Share	400.34	347.03	246.74	155.91	-27.90	216.06
Gross Margin	8.88%	8.07%	8.63%	8.27%	10.09%	10.94%
Operating Margin	2.76%	2.30%	3.02%	2.90%	3.40%	3.68%
Profit Margin	2.88%	2.40%	2.69%	2.48%	3.24%	3.39%
Free Cash Flow Margin	7.13%	6.31%	4.11%	2.65%	-0.53%	4.90%
EBITDA	4,428	4,017	4,582	4,409	4,468	4,255
EBITDA Margin	6.65%	6.17%	6.44%	6.33%	7.20%	8.15%
D&A For EBITDA	2,589	2,523	2,438	2,391	2,359	2,332
EBIT	1,839	1,495	2,144	2,018	2,109	1,923
EBIT Margin	2.76%	2.30%	3.02%	2.90%	3.40%	3.68%
Effective Tax Rate	3.12%	-	2.71%	1.31%	2.33%	2.57%
Advertising Expenses	-	-	50.59	0.21	1.29	0.2

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