B2En Co., Ltd. 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	20,276	25,098	32,030
Other Revenue	-	-	-0
Revenue	20,276	25,098	32,030
Revenue Growth (YoY)	-34.59%	-21.64%	-
Cost of Revenue	16,147	20,258	24,338
Gross Profit	4,129	4,840	7,692
Selling, General & Admin	6,653	5,693	6,892
Research & Development	781.77	1,478	2,969
Other Operating Expenses	158.68	123.35	120.5
Operating Expenses	7,886	7,443	10,143
Operating Income	-3,757	-2,603	-2,451
Interest Expense	-1,922	-1,669	-855.01
Interest & Investment Income	203.75	160.51	362.33
Earnings From Equity Investments	-3,744	-3,038	-5,077
Currency Exchange Gain (Loss)	-	-	-0.02
Other Non Operating Income (Expenses)	4,148	2,931	-2,769
EBT Excluding Unusual Items	-5,072	-4,218	-10,790
Gain (Loss) on Sale of Investments	2,239	-136.92	675.03
Gain (Loss) on Sale of Assets	-2.29	-13.65	0.24
Asset Writedown	-220.47	-220.47	-1,025
Other Unusual Items	-1,841	-1,671	-518.82
Pretax Income	-4,896	-6,260	-11,658
Income Tax Expense	367.04	304.34	321.83
Earnings From Continuing Operations	-5,263	-6,565	-11,980
Earnings From Discontinued Operations	190.01	-361.21	-
Net Income to Company	-5,073	-6,926	-11,980
Minority Interest in Earnings	128.94	24.47	-
Net Income	-4,944	-6,901	-11,980
Net Income to Common	-4,944	-6,901	-11,980
Shares Outstanding (Basic)	48	40	32
Shares Outstanding (Diluted)	48	40	32
Shares Change (YoY)	43.92%	26.15%	-
EPS (Basic)	-103.14	-173.37	-379.64
EPS (Diluted)	-103.38	-173.37	-380.00
Free Cash Flow	-4,894	-3,309	-3,214
Free Cash Flow Per Share	-102.10	-83.14	-101.83
Gross Margin	20.36%	19.29%	24.02%
Operating Margin	-18.53%	-10.37%	-7.65%
Profit Margin	-24.38%	-27.50%	-37.40%
Free Cash Flow Margin	-24.14%	-13.19%	-10.03%
EBITDA	-2,806	-1,746	-1,944
EBITDA Margin	-13.84%	-6.96%	-6.07%
D&A For EBITDA	951.37	856.8	507.72
EBIT	-3,757	-2,603	-2,451
EBIT Margin	-18.53%	-10.37%	-7.65%
Advertising Expenses	-	152.65	174.87

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