Maeil Dairies Co., Ltd. (KOSDAQ:267980)

Maeil Dairies Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,838,767	1,811,436	1,782,979	1,685,644	1,551,870	1,463,096
Other Revenue	-	-	-0	-	-0	0
Revenue	1,838,767	1,811,436	1,782,979	1,685,644	1,551,870	1,463,096
Revenue Growth (YoY)	3.60%	1.60%	5.77%	8.62%	6.07%	5.01%
Cost of Revenue	1,329,314	1,305,565	1,285,406	1,200,233	1,088,639	1,033,395
Gross Profit	509,453	505,871	497,573	485,411	463,231	429,700
Selling, General & Admin	439,047	423,166	416,299	415,166	366,433	334,383
Operating Expenses	451,591	435,538	425,789	425,699	375,433	343,213
Operating Income	57,862	70,334	71,784	59,712	87,797	86,487
Interest Expense	-5,190	-5,121	-5,526	-6,094	-4,954	-2,394
Interest & Investment Income	6,877	7,182	6,433	5,872	3,415	2,027
Earnings From Equity Investments	0	236.24	289.12	-45.3	118.83	-
Currency Exchange Gain (Loss)	-1,543	1,731	-165.12	-2,956	1,160	-1,320
Other Non Operating Income (Expenses)	-3,044	-9,607	559.29	-3,707	2,077	-4,525
EBT Excluding Unusual Items	54,962	64,755	73,375	52,781	89,615	80,275
Gain (Loss) on Sale of Investments	7,908	-799.41	4,565	-28,285	7,917	726.74
Gain (Loss) on Sale of Assets	84.78	45.32	-27.32	86.42	-500.02	177.3
Asset Writedown	87.66	87.66	-1,859	-144.4	-385.6	-704.82
Pretax Income	63,042	64,088	76,054	24,438	96,646	80,475
Income Tax Expense	18,676	18,551	21,004	10,007	22,400	22,821
Earnings From Continuing Operations	44,366	45,538	55,050	14,431	74,245	57,653
Minority Interest in Earnings	-83.89	-78.71	-42.01	-36.11	-	-
Net Income	44,282	45,459	55,008	14,395	74,245	57,653
Net Income to Common	44,282	45,459	55,008	14,395	74,245	57,653
Net Income Growth	-15.87%	-17.36%	282.14%	-80.61%	28.78%	-10.39%
Shares Outstanding (Basic)	7	7	7	7	8	8
Shares Outstanding (Diluted)	7	7	7	7	8	8
Shares Change (YoY)	0.47%	0.67%	-2.18%	-3.14%	-1.67%	-1.93%
EPS (Basic)	6139.97	6303.56	7678.49	1965.59	9819.92	7498.35
EPS (Diluted)	6139.97	6303.56	7678.49	1965.59	9819.92	7498.35
EPS Growth	-16.27%	-17.91%	290.65%	-79.98%	30.96%	-8.62%
Free Cash Flow	38,497	50,019	120,510	-38,375	46,986	10,995
Free Cash Flow Per Share	5337.77	6935.89	16821.77	-5240.01	6214.51	1429.98
Dividend Per Share	1250.000	1250.000	1200.000	1200.000	1200.000	800.000
Dividend Growth	4.17%	4.17%	-	-	50.00%	-
Gross Margin	27.71%	27.93%	27.91%	28.80%	29.85%	29.37%
Operating Margin	3.15%	3.88%	4.03%	3.54%	5.66%	5.91%
Profit Margin	2.41%	2.51%	3.08%	0.85%	4.78%	3.94%
Free Cash Flow Margin	2.09%	2.76%	6.76%	-2.28%	3.03%	0.75%
EBITDA	106,111	117,285	113,581	98,497	126,791	122,073
EBITDA Margin	5.77%	6.48%	6.37%	5.84%	8.17%	8.34%
D&A For EBITDA	48,249	46,951	41,797	38,785	38,994	35,586
EBIT	57,862	70,334	71,784	59,712	87,797	86,487
EBIT Margin	3.15%	3.88%	4.03%	3.54%	5.66%	5.91%
Effective Tax Rate	29.63%	28.95%	27.62%	40.95%	23.18%	28.36%
Advertising Expenses	-	92,344	88,064	91,628	74,949	67,109

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.