Korea Fuel-Tech Corporation (KOSDAQ:123410)

Korea Fuel-Tech Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	735,908	679,543	561,044	465,656	409,681
Other Revenue	-0	-0	-0	-	0
Revenue	735,908	679,543	561,044	465,656	409,681
Revenue Growth (YoY)	8.29%	21.12%	20.48%	13.66%	-6.61%
Cost of Revenue	629,481	584,031	484,724	405,060	353,821
Gross Profit	106,428	95,512	76,320	60,597	55,860
Selling, General & Admin	56,036	49,687	47,116	41,442	38,905
Research & Development	8,461	7,661	6,079	6,381	6,342
Other Operating Expenses	2,165	1,567	1,437	1,477	1,369
Operating Expenses	68,795	60,331	58,493	51,557	49,710
Operating Income	37,632	35,181	17,827	9,039	6,150
Interest Expense	-5,290	-6,381	-4,454	-4,092	-3,424
Interest & Investment Income	910.44	675.11	309.12	205.36	236.93
Earnings From Equity Investments	1,123	1,137	771.56	-401.97	-231.66
Currency Exchange Gain (Loss)	4,395	6,986	-412.06	179.53	-3,187
Other Non Operating Income (Expenses)	792.89	-445.04	393.66	174.4	2,445
EBT Excluding Unusual Items	39,564	37,153	14,435	5,105	1,990
Gain (Loss) on Sale of Investments	452.49	-56.66	18.11	56.89	1,062
Gain (Loss) on Sale of Assets	3,037	1,127	-1,560	1,248	1,047
Asset Writedown	10.92	234.21	-1,956	-	-
Pretax Income	43,065	38,457	10,937	6,410	4,099
Income Tax Expense	7,681	8,122	2,663	1,625	185.17
Earnings From Continuing Operations	35,384	30,335	8,273	4,785	3,914
Minority Interest in Earnings	-273.79	204.65	1,074	792.29	-232.2
Net Income	35,110	30,540	9,348	5,577	3,681
Net Income to Common	35,110	30,540	9,348	5,577	3,681
Net Income Growth	14.96%	226.71%	67.60%	51.50%	-35.74%
Shares Outstanding (Basic)	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28
Shares Change (YoY)	0.01%	-0.01%	-	-	-
EPS (Basic)	1261.00	1097.00	335.76	200.33	132.23
EPS (Diluted)	1261.00	1097.00	335.76	200.33	132.23
EPS Growth	14.95%	226.73%	67.60%	51.50%	-35.74%
Free Cash Flow	23,708	18,304	14,105	13,665	-14,429
Free Cash Flow Per Share	851.51	657.47	506.63	490.82	-518.28
Dividend Per Share	-	-	80.000	60.000	30.000
Dividend Growth	-	-	33.33%	100.00%	-50.00%
Gross Margin	14.46%	14.06%	13.60%	13.01%	13.63%
Operating Margin	5.11%	5.18%	3.18%	1.94%	1.50%
Profit Margin	4.77%	4.49%	1.67%	1.20%	0.90%
Free Cash Flow Margin	3.22%	2.69%	2.51%	2.94%	-3.52%
EBITDA	61,952	59,607	41,130	31,424	28,061
EBITDA Margin	8.42%	8.77%	7.33%	6.75%	6.85%
D&A For EBITDA	24,320	24,426	23,303	22,385	21,910
EBIT	37,632	35,181	17,827	9,039	6,150
EBIT Margin	5.11%	5.18%	3.18%	1.94%	1.50%
Effective Tax Rate	17.84%	21.12%	24.35%	25.35%	4.52%

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