INCAR FINANCIAL SERVICE 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	Mar '25 Mar 31, 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
Revenue	876,398	832,259	556,822	401,449	314,623	301,025
Revenue Growth (YoY)	40.01%	49.47%	38.70%	27.60%	4.52%	-
Cost of Revenue	712,858	674,792	450,959	323,914	254,279	252,305
Gross Profit	163,539	157,467	105,864	77,534	60,344	48,720
Selling, General & Admin	58,396	55,546	44,380	38,132	29,207	24,720
Other Operating Expenses	1,103	1,062	957.29	870.56	639.62	612.36
Operating Expenses	74,607	71,200	59,287	50,039	39,210	34,055
Operating Income	88,932	86,267	46,576	27,495	21,134	14,665
Interest Expense	-8,233	-9,089	-8,866	-1,268	-854.84	-662.45
Interest & Investment Income	2,432	2,186	1,644	286.16	554.82	630.39
Earnings From Equity Investments	-	-	-75.74	-	-	-
Currency Exchange Gain (Loss)	0.88	1.42	-0.04	-1.4	-	-
Other Non Operating Income (Expenses)	610	626.51	741.22	853.82	727.36	412.52
EBT Excluding Unusual Items	83,743	79,992	40,020	27,366	21,561	15,045
Gain (Loss) on Sale of Investments	550.16	510.78	519.74	-778.89	-	5.17
Gain (Loss) on Sale of Assets	-103.24	-102.48	-49.09	-45.14	-62.3	-136.77
Pretax Income	84,190	80,401	40,490	26,542	21,499	14,914
Income Tax Expense	19,219	18,374	10,981	5,754	5,103	3,625
Net Income	65,115	62,026	29,509	20,788	16,396	11,288
Net Income to Common	65,115	62,026	29,509	20,788	16,396	11,288
Net Income Growth	91.96%	110.19%	41.95%	26.79%	45.25%	-
Shares Outstanding (Basic)	49	49	51	51	45	45
Shares Outstanding (Diluted)	49	49	51	51	45	45
Shares Change (YoY)	-3.80%	-4.00%	1.24%	12.72%	-	-
EPS (Basic)	1330.12	1259.73	575.37	410.37	364.84	251.18
EPS (Diluted)	1329.95	1259.73	575.00	410.37	364.80	251.18
EPS Growth	99.52%	119.08%	40.12%	12.49%	45.23%	-
Free Cash Flow	80,307	74,429	8,238	-1,718	-1,834	7,097
Free Cash Flow Per Share	1640.45	1511.63	160.62	-33.92	-40.80	157.93
Dividend Per Share	100.000	100.000	70.000	60.000	-	-
Dividend Growth	42.86%	42.86%	16.67%	-	-	-
Gross Margin	18.66%	18.92%	19.01%	19.31%	19.18%	16.18%
Operating Margin	10.15%	10.37%	8.37%	6.85%	6.72%	4.87%
Profit Margin	7.43%	7.45%	5.30%	5.18%	5.21%	3.75%
Free Cash Flow Margin	9.16%	8.94%	1.48%	-0.43%	-0.58%	2.36%
EBITDA	102,833	99,674	58,906	38,504	29,859	22,531
EBITDA Margin	11.73%	11.98%	10.58%	9.59%	9.49%	7.49%
D&A For EBITDA	13,900	13,407	12,330	11,009	8,725	7,867
EBIT	88,932	86,267	46,576	27,495	21,134	14,665
EBIT Margin	10.15%	10.37%	8.37%	6.85%	6.72%	4.87%
Effective Tax Rate	22.83%	22.85%	27.12%	21.68%	23.74%	24.31%
Advertising Expenses	-	1,210	1,121	1,030	900.89	-

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.