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 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	708,199	556,822	401,449	314,623	301,025
Revenue Growth (YoY)	54.21%	38.70%	27.60%	4.52%	-
Cost of Revenue	575,001	450,959	323,914	254,279	252,305
Gross Profit	133,198	105,864	77,534	60,344	48,720
Selling, General & Admin	50,322	44,380	38,132	29,207	24,720
Other Operating Expenses	1,011	957.29	870.56	639.62	612.36
Operating Expenses	66,999	59,287	50,039	39,210	34,055
Operating Income	66,199	46,576	27,495	21,134	14,665
Interest Expense	-10,117	-8,866	-1,268	-854.84	-662.45
Interest & Investment Income	1,923	1,644	286.16	554.82	630.39
Earnings From Equity Investments	-	-75.74	-	-	-
Currency Exchange Gain (Loss)	0.26	-0.04	-1.4	-	-
Other Non Operating Income (Expenses)	686.66	741.22	853.82	727.36	412.52
EBT Excluding Unusual Items	58,691	40,020	27,366	21,561	15,045
Gain (Loss) on Sale of Investments	572.86	519.74	-778.89	-	5.17
Gain (Loss) on Sale of Assets	-65.13	-49.09	-45.14	-62.3	-136.77
Pretax Income	59,199	40,490	26,542	21,499	14,914
Income Tax Expense	15,680	10,981	5,754	5,103	3,625
Net Income	43,519	29,509	20,788	16,396	11,288
Net Income to Common	43,519	29,509	20,788	16,396	11,288
Net Income Growth	77.25%	41.95%	26.79%	45.25%	-
Shares Outstanding (Basic)	50	51	51	45	45
Shares Outstanding (Diluted)	50	51	51	45	45
Shares Change (YoY)	-1.70%	1.25%	12.72%	-	-
EPS (Basic)	863.96	575.37	410.37	364.84	251.18
EPS (Diluted)	863.96	575.37	410.37	364.80	251.18
EPS Growth	80.49%	40.21%	12.49%	45.23%	-
Free Cash Flow	33,491	8,238	-1,718	-1,834	7,097
Free Cash Flow Per Share	664.88	160.62	-33.92	-40.80	157.93
Dividend Per Share	70.000	70.000	60.000	-	-
Dividend Growth	16.67%	16.67%	-	-	-
Gross Margin	18.81%	19.01%	19.31%	19.18%	16.18%
Operating Margin	9.35%	8.36%	6.85%	6.72%	4.87%
Profit Margin	6.15%	5.30%	5.18%	5.21%	3.75%
Free Cash Flow Margin	4.73%	1.48%	-0.43%	-0.58%	2.36%
EBITDA	79,541	58,906	38,504	29,859	22,531
EBITDA Margin	11.23%	10.58%	9.59%	9.49%	7.48%
D&A For EBITDA	13,343	12,330	11,009	8,725	7,867
EBIT	66,199	46,576	27,495	21,134	14,665
EBIT Margin	9.35%	8.36%	6.85%	6.72%	4.87%
Effective Tax Rate	26.49%	27.12%	21.68%	23.74%	24.31%
Advertising Expenses	-	1,121	1,030	900.89	-

Source: S&P Capital IQ. Standard template. Financial Sources.