Korea Fuel-Tech Corporation (KOSDAQ:123410)

Korea Fuel-Tech Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	766,332	735,908	679,543	561,044	465,656	409,681
Other Revenue	-0	-0	-0	-0	-	0
Revenue	766,332	735,908	679,543	561,044	465,656	409,681
Revenue Growth (YoY)	6.05%	8.29%	21.12%	20.48%	13.66%	-6.61%
Cost of Revenue	651,478	629,481	584,031	484,724	405,060	353,821
Gross Profit	114,854	106,428	95,512	76,320	60,597	55,860
Selling, General & Admin	57,549	56,036	49,687	47,116	41,442	38,905
Research & Development	9,040	8,461	7,661	6,079	6,381	6,342
Other Operating Expenses	2,165	2,165	1,567	1,437	1,477	1,369
Operating Expenses	70,493	68,795	60,331	58,493	51,557	49,710
Operating Income	44,361	37,632	35,181	17,827	9,039	6,150
Interest Expense	-4,765	-5,290	-6,381	-4,454	-4,092	-3,424
Interest & Investment Income	958.44	910.44	675.11	309.12	205.36	236.93
Earnings From Equity Investments	1,219	1,123	1,137	771.56	-401.97	-231.66
Currency Exchange Gain (Loss)	3,446	4,395	6,986	-412.06	179.53	-3,187
Other Non Operating Income (Expenses)	663.2	792.89	-445.04	393.66	174.4	2,445
EBT Excluding Unusual Items	45,883	39,564	37,153	14,435	5,105	1,990
Gain (Loss) on Sale of Investments	382.86	452.49	-56.66	18.11	56.89	1,062
Gain (Loss) on Sale of Assets	2,299	3,037	1,127	-1,560	1,248	1,047
Asset Writedown	12.98	10.92	234.21	-1,956	-	-
Pretax Income	48,578	43,065	38,457	10,937	6,410	4,099
Income Tax Expense	8,527	7,681	8,122	2,663	1,625	185.17
Earnings From Continuing Operations	40,051	35,384	30,335	8,273	4,785	3,914
Minority Interest in Earnings	-305.18	-273.79	204.65	1,074	792.29	-232.2
Net Income	39,746	35,110	30,540	9,348	5,577	3,681
Net Income to Common	39,746	35,110	30,540	9,348	5,577	3,681
Net Income Growth	28.30%	14.96%	226.71%	67.60%	51.50%	-35.74%
Shares Outstanding (Basic)	28	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28	28
EPS (Basic)	1427.59	1261.08	1096.94	335.76	200.33	132.23
EPS (Diluted)	1427.59	1261.08	1096.94	335.76	200.33	132.23
EPS Growth	28.30%	14.96%	226.71%	67.60%	51.50%	-35.74%
Free Cash Flow	27,109	23,708	18,304	14,105	13,665	-14,429
Free Cash Flow Per Share	973.71	851.56	657.43	506.63	490.82	-518.28
Dividend Per Share	150.000	150.000	-	80.000	60.000	30.000
Dividend Growth	-	-	-	33.33%	100.00%	-50.00%
Gross Margin	14.99%	14.46%	14.06%	13.60%	13.01%	13.63%
Operating Margin	5.79%	5.11%	5.18%	3.18%	1.94%	1.50%
Profit Margin	5.19%	4.77%	4.49%	1.67%	1.20%	0.90%
Free Cash Flow Margin	3.54%	3.22%	2.69%	2.51%	2.94%	-3.52%
EBITDA	68,241	61,952	59,607	41,130	31,424	28,061
EBITDA Margin	8.91%	8.42%	8.77%	7.33%	6.75%	6.85%
D&A For EBITDA	23,881	24,320	24,426	23,303	22,385	21,910
EBIT	44,361	37,632	35,181	17,827	9,039	6,150
EBIT Margin	5.79%	5.11%	5.18%	3.18%	1.94%	1.50%
Effective Tax Rate	17.55%	17.84%	21.12%	24.35%	25.35%	4.52%

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