Cheryong Industrial 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	37,924	29,328	40,896	59,308	37,416
Other Revenue	-0	-0	-0	-0	-
Revenue	37,924	29,328	40,896	59,308	37,416
Revenue Growth (YoY)	29.31%	-28.29%	-31.04%	58.51%	40.84%
Cost of Revenue	20,388	19,109	29,395	44,486	25,804
Gross Profit	17,536	10,219	11,501	14,822	11,612
Selling, General & Admin	4,702	4,274	4,267	3,509	3,395
Research & Development	1,909	1,506	1,360	1,404	1,189
Amortization of Goodwill & Intangibles	39.01	36.08	29.86	26.56	25.9
Other Operating Expenses	114.65	109.02	114.46	107.38	92.72
Operating Expenses	6,963	6,130	5,939	5,213	4,810
Operating Income	10,573	4,089	5,562	9,608	6,803
Interest Expense	-8.48	-9.98	-5.54	-2.81	-2.12
Interest & Investment Income	1,991	2,330	2,356	1,062	573.76
Currency Exchange Gain (Loss)	-15.11	-0.98	-3.95	-1.64	-3.15
Other Non Operating Income (Expenses)	8	-15.53	-23.35	208.47	313.55
EBT Excluding Unusual Items	12,548	6,393	7,885	10,874	7,685
Gain (Loss) on Sale of Investments	1,507	1,117	970.37	359.62	212.37
Gain (Loss) on Sale of Assets	-0.23	-0.51	17.83	-3.33	278.2
Pretax Income	14,055	7,509	8,873	11,230	8,175
Income Tax Expense	2,566	1,268	1,584	2,105	637.9
Net Income	11,488	6,242	7,289	9,125	7,537
Net Income to Common	11,488	6,242	7,289	9,125	7,537
Net Income Growth	84.06%	-14.37%	-20.12%	21.06%	32.42%
Shares Outstanding (Basic)	-	19	19	20	20
Shares Outstanding (Diluted)	-	19	19	20	20
Shares Change (YoY)	-	-0.34%	-3.81%	-0.10%	0.01%
EPS (Basic)	-	325.91	379.32	456.74	376.90
EPS (Diluted)	-	325.91	379.32	456.74	376.90
EPS Growth	-	-14.08%	-16.95%	21.18%	32.41%
Free Cash Flow	12,571	7,136	5,309	8,096	5,924
Free Cash Flow Per Share	-	372.61	276.25	405.22	296.24
Gross Margin	46.24%	34.84%	28.12%	24.99%	31.04%
Operating Margin	27.88%	13.94%	13.60%	16.20%	18.18%
Profit Margin	30.29%	21.28%	17.82%	15.39%	20.14%
Free Cash Flow Margin	33.15%	24.33%	12.98%	13.65%	15.83%
EBITDA	11,193	4,659	6,048	10,058	7,209
EBITDA Margin	29.51%	15.89%	14.79%	16.96%	19.27%
D&A For EBITDA	619.98	570.66	485.81	449.93	406.55
EBIT	10,573	4,089	5,562	9,608	6,803
EBIT Margin	27.88%	13.94%	13.60%	16.20%	18.18%
Effective Tax Rate	18.26%	16.88%	17.85%	18.74%	7.80%
Advertising Expenses	21.28	4.69	-	-	-

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