HYUNGKUK F&B 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
Other Revenue	0	-	-	-	-0	-
Revenue	103,305	102,624	101,121	97,252	71,531	50,414
Revenue Growth (YoY)	6.63%	1.49%	3.98%	35.96%	41.89%	-6.24%
Cost of Revenue	65,010	64,811	63,396	64,912	47,701	34,806
Gross Profit	38,296	37,813	37,725	32,340	23,830	15,608
Selling, General & Admin	23,309	23,208	21,673	17,616	13,883	10,511
Research & Development	948.6	948.93	750.11	628.91	588.35	766.3
Amortization of Goodwill & Intangibles	2,006	2,010	2,009	2,017	1,040	57.63
Other Operating Expenses	793.78	753.36	675.89	362.54	519.86	396.51
Operating Expenses	28,815	27,397	27,642	21,868	17,255	13,208
Operating Income	9,481	10,416	10,083	10,472	6,574	2,400
Interest Expense	-2,972	-3,102	-3,535	-1,563	-424.74	-130.19
Interest & Investment Income	882.2	921.85	1,164	578.36	288.94	194.13
Earnings From Equity Investments	19.1	145.83	1,536	-95.81	2,062	589.76
Currency Exchange Gain (Loss)	-360.36	-323.31	-103.77	-106.92	61.6	-48.28
Other Non Operating Income (Expenses)	-1,607	-1,024	-525.92	4,662	-139.58	711.61
EBT Excluding Unusual Items	5,443	7,034	8,618	13,947	8,422	3,718
Impairment of Goodwill	-71.1	-71.1	-84.2	-267.42	-	-
Gain (Loss) on Sale of Investments	1,805	-468.1	1,645	333.24	174.12	436
Gain (Loss) on Sale of Assets	-12.69	-153.65	430.78	-54.5	28.28	8.52
Asset Writedown	-208.19	-227.16	-125.59	-	-16.16	-
Pretax Income	6,956	6,114	10,484	13,958	8,609	4,162
Income Tax Expense	1,231	917.07	1,799	2,063	2,288	252.96
Earnings From Continuing Operations	5,725	5,197	8,686	11,896	6,320	3,909
Minority Interest in Earnings	-156.56	-68.61	-135.62	44.9	15.64	151.88
Net Income	5,569	5,129	8,550	11,941	6,336	4,061
Net Income to Common	5,569	5,129	8,550	11,941	6,336	4,061
Net Income Growth	-18.87%	-40.02%	-28.40%	88.46%	56.02%	-23.43%
Shares Outstanding (Basic)	39	39	39	39	39	37
Shares Outstanding (Diluted)	39	39	45	53	39	39
Shares Change (YoY)	-15.37%	-13.25%	-16.38%	37.96%	0.30%	-8.02%
EPS (Basic)	143.92	132.55	220.97	308.60	164.48	110.37
EPS (Diluted)	125.30	132.55	193.50	223.87	164.12	99.24
EPS Growth	-18.27%	-31.50%	-13.57%	36.41%	65.38%	-25.34%
Free Cash Flow	-2,843	5,721	1,345	-66,869	14,339	-772.83
Free Cash Flow Per Share	-73.47	147.87	30.16	-1253.69	370.91	-20.05
Dividend Per Share	200.000	70.000	40.000	40.000	30.000	-
Dividend Growth	400.00%	75.00%	-	33.33%	-	-
Gross Margin	37.07%	36.85%	37.31%	33.25%	33.31%	30.96%
Operating Margin	9.18%	10.15%	9.97%	10.77%	9.19%	4.76%
Profit Margin	5.39%	5.00%	8.46%	12.28%	8.86%	8.05%
Free Cash Flow Margin	-2.75%	5.58%	1.33%	-68.76%	20.05%	-1.53%
EBITDA	16,350	17,469	17,647	17,888	12,937	7,105
EBITDA Margin	15.83%	17.02%	17.45%	18.39%	18.09%	14.09%
D&A For EBITDA	6,869	7,053	7,564	7,416	6,362	4,704
EBIT	9,481	10,416	10,083	10,472	6,574	2,400
EBIT Margin	9.18%	10.15%	9.97%	10.77%	9.19%	4.76%
Effective Tax Rate	17.69%	15.00%	17.16%	14.78%	26.58%	6.08%
Advertising Expenses	-	4,514	4,305	1,933	1,042	650.9

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