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	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	795,879	556,822	401,449	314,623	301,025
Revenue Growth (YoY)	58.08%	38.70%	27.60%	4.52%	-
Cost of Revenue	641,360	450,959	323,914	254,279	252,305
Gross Profit	154,519	105,864	77,534	60,344	48,720
Selling, General & Admin	52,946	44,380	38,132	29,207	24,720
Other Operating Expenses	1,047	957.29	870.56	639.62	612.36
Operating Expenses	69,835	59,287	50,039	39,210	34,055
Operating Income	84,684	46,576	27,495	21,134	14,665
Interest Expense	-9,673	-8,866	-1,268	-854.84	-662.45
Interest & Investment Income	1,988	1,644	286.16	554.82	630.39
Earnings From Equity Investments	-	-75.74	-	-	-
Currency Exchange Gain (Loss)	-0.46	-0.04	-1.4	-	-
Other Non Operating Income (Expenses)	574.93	741.22	853.82	727.36	412.52
EBT Excluding Unusual Items	77,574	40,020	27,366	21,561	15,045
Gain (Loss) on Sale of Investments	536.74	519.74	-778.89	-	5.17
Gain (Loss) on Sale of Assets	-74.68	-49.09	-45.14	-62.3	-136.77
Pretax Income	78,036	40,490	26,542	21,499	14,914
Income Tax Expense	19,853	10,981	5,754	5,103	3,625
Net Income	58,183	29,509	20,788	16,396	11,288
Net Income to Common	58,183	29,509	20,788	16,396	11,288
Net Income Growth	133.69%	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)	-3.04%	1.25%	12.72%	-	-
EPS (Basic)	1167.93	575.37	410.37	364.84	251.18
EPS (Diluted)	1167.56	575.37	410.37	364.80	251.18
EPS Growth	140.95%	40.21%	12.49%	45.23%	-
Free Cash Flow	61,002	8,238	-1,718	-1,834	7,097
Free Cash Flow Per Share	1224.52	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	19.41%	19.01%	19.31%	19.18%	16.18%
Operating Margin	10.64%	8.36%	6.85%	6.72%	4.87%
Profit Margin	7.31%	5.30%	5.18%	5.21%	3.75%
Free Cash Flow Margin	7.66%	1.48%	-0.43%	-0.58%	2.36%
EBITDA	98,215	58,906	38,504	29,859	22,531
EBITDA Margin	12.34%	10.58%	9.59%	9.49%	7.48%
D&A For EBITDA	13,531	12,330	11,009	8,725	7,867
EBIT	84,684	46,576	27,495	21,134	14,665
EBIT Margin	10.64%	8.36%	6.85%	6.72%	4.87%
Effective Tax Rate	25.44%	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.