Korea Fuel-Tech 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	785,869	735,908	679,543	561,044	465,656
Other Revenue	-0	-0	-0	-0	-
Revenue	785,869	735,908	679,543	561,044	465,656
Revenue Growth (YoY)	6.79%	8.29%	21.12%	20.48%	13.66%
Cost of Revenue	663,104	629,481	584,031	484,724	405,060
Gross Profit	122,766	106,428	95,512	76,320	60,597
Selling, General & Admin	61,542	56,036	49,687	47,116	41,442
Research & Development	10,823	8,461	7,661	6,079	6,381
Amortization of Goodwill & Intangibles	94.24	77.99	74.73	279.69	161.44
Other Operating Expenses	2,141	2,165	1,567	1,437	1,477
Operating Expenses	77,347	68,795	60,331	58,493	51,557
Operating Income	45,419	37,632	35,181	17,827	9,039
Interest Expense	-4,205	-5,290	-6,381	-4,454	-4,092
Interest & Investment Income	1,161	910.44	675.11	309.12	205.36
Earnings From Equity Investments	1,583	1,123	1,137	771.56	-401.97
Currency Exchange Gain (Loss)	4,978	4,395	6,986	-412.06	179.53
Other Non Operating Income (Expenses)	1,067	792.89	-445.04	393.66	174.4
EBT Excluding Unusual Items	50,002	39,564	37,153	14,435	5,105
Gain (Loss) on Sale of Investments	1,153	452.49	-56.66	18.11	56.89
Gain (Loss) on Sale of Assets	2,610	3,037	1,127	-1,560	1,248
Asset Writedown	13.56	10.92	234.21	-1,956	-
Pretax Income	53,779	43,065	38,457	10,937	6,410
Income Tax Expense	9,450	7,681	8,122	2,663	1,625
Earnings From Continuing Operations	44,329	35,384	30,335	8,273	4,785
Minority Interest in Earnings	-426.19	-273.79	204.65	1,074	792.29
Net Income	43,903	35,110	30,540	9,348	5,577
Net Income to Common	43,903	35,110	30,540	9,348	5,577
Net Income Growth	25.04%	14.96%	226.71%	67.60%	51.50%
Shares Outstanding (Basic)	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28
EPS (Basic)	1576.91	1261.08	1096.94	335.76	200.33
EPS (Diluted)	1576.91	1261.08	1096.94	335.76	200.33
EPS Growth	25.04%	14.96%	226.71%	67.60%	51.50%
Free Cash Flow	29,562	23,708	18,304	14,105	13,665
Free Cash Flow Per Share	1061.81	851.56	657.43	506.63	490.82
Dividend Per Share	-	150.000	-	80.000	60.000
Dividend Growth	-	-	-	33.33%	100.00%
Gross Margin	15.62%	14.46%	14.06%	13.60%	13.01%
Operating Margin	5.78%	5.11%	5.18%	3.18%	1.94%
Profit Margin	5.59%	4.77%	4.49%	1.67%	1.20%
Free Cash Flow Margin	3.76%	3.22%	2.69%	2.51%	2.94%
EBITDA	69,151	61,952	59,607	41,130	31,424
EBITDA Margin	8.80%	8.42%	8.77%	7.33%	6.75%
D&A For EBITDA	23,732	24,320	24,426	23,303	22,385
EBIT	45,419	37,632	35,181	17,827	9,039
EBIT Margin	5.78%	5.11%	5.18%	3.18%	1.94%
Effective Tax Rate	17.57%	17.84%	21.12%	24.35%	25.35%

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