B2En Co., Ltd. (KOSDAQ:307870)

B2En Co., Ltd. Income Statement

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

Fiscal Year	FY 2024	FY 2023
Period Ending	Dec 31, 2024	Dec 31, 2023
Operating Revenue	25,098	32,030
Other Revenue	-	-0
Revenue	25,098	32,030
Revenue Growth (YoY)	-21.64%	-
Cost of Revenue	20,258	24,338
Gross Profit	4,840	7,692
Selling, General & Admin	5,693	6,892
Research & Development	1,478	2,969
Other Operating Expenses	123.35	120.5
Operating Expenses	7,443	10,143
Operating Income	-2,603	-2,451
Interest Expense	-1,669	-855.01
Interest & Investment Income	160.51	362.33
Earnings From Equity Investments	-3,038	-5,077
Currency Exchange Gain (Loss)	-	-0.02
Other Non Operating Income (Expenses)	2,931	-2,769
EBT Excluding Unusual Items	-4,218	-10,790
Gain (Loss) on Sale of Investments	-136.92	675.03
Gain (Loss) on Sale of Assets	-13.65	0.24
Asset Writedown	-220.47	-1,025
Other Unusual Items	-1,671	-518.82
Pretax Income	-6,260	-11,658
Income Tax Expense	304.34	321.83
Earnings From Continuing Operations	-6,565	-11,980
Earnings From Discontinued Operations	-361.21	-
Net Income to Company	-6,926	-11,980
Minority Interest in Earnings	24.47	-
Net Income	-6,901	-11,980
Net Income to Common	-6,901	-11,980
Shares Outstanding (Basic)	40	32
Shares Outstanding (Diluted)	40	32
Shares Change (YoY)	26.53%	-
EPS (Basic)	-173.00	-380.00
EPS (Diluted)	-173.00	-380.00
Free Cash Flow	-3,309	-3,214
Free Cash Flow Per Share	-82.96	-101.93
Gross Margin	19.29%	24.02%
Operating Margin	-10.37%	-7.65%
Profit Margin	-27.50%	-37.40%
Free Cash Flow Margin	-13.19%	-10.03%
EBITDA	-1,746	-1,944
EBITDA Margin	-6.96%	-6.07%
D&A For EBITDA	856.8	507.72
EBIT	-2,603	-2,451
EBIT Margin	-10.37%	-7.65%
Advertising Expenses	152.65	174.87

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