B2En Co., Ltd. Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	14,625	25,098	32,030
Other Revenue	-0	-	-0
Revenue	14,625	25,098	32,030
Revenue Growth (YoY)	-41.73%	-21.64%	-
Cost of Revenue	12,940	20,258	24,338
Gross Profit	1,684	4,840	7,692
Selling, General & Admin	7,373	5,453	6,892
Research & Development	316.81	1,478	2,969
Amortization of Goodwill & Intangibles	44.84	35.94	26.64
Other Operating Expenses	147.05	112.54	120.5
Operating Expenses	9,115	7,430	10,143
Operating Income	-7,430	-2,590	-2,451
Interest Expense	-1,292	-1,549	-855.01
Interest & Investment Income	120.23	160.51	362.33
Earnings From Equity Investments	-2,165	-3,038	-5,077
Currency Exchange Gain (Loss)	-	-	-0.02
Other Non Operating Income (Expenses)	79.83	2,081	-2,769
EBT Excluding Unusual Items	-10,687	-4,936	-10,790
Gain (Loss) on Sale of Investments	411.91	-670.16	675.03
Gain (Loss) on Sale of Assets	-195.88	-13.65	0.24
Asset Writedown	-	-220.47	-1,025
Other Unusual Items	-169.94	-1,671	-518.82
Pretax Income	-10,641	-7,511	-11,658
Income Tax Expense	217.27	144.66	321.83
Earnings From Continuing Operations	-10,858	-7,656	-11,980
Earnings From Discontinued Operations	-1,358	730.12	-
Net Income to Company	-12,216	-6,926	-11,980
Minority Interest in Earnings	178.34	24.47	-
Net Income	-12,037	-6,901	-11,980
Net Income to Common	-12,037	-6,901	-11,980
Shares Outstanding (Basic)	54	40	32
Shares Outstanding (Diluted)	54	40	32
Shares Change (YoY)	36.10%	25.69%	-
EPS (Basic)	-223.00	-174.00	-379.64
EPS (Diluted)	-223.00	-174.00	-380.00
Free Cash Flow	-5,980	-3,309	-3,214
Free Cash Flow Per Share	-110.77	-83.44	-101.83
Gross Margin	11.52%	19.29%	24.02%
Operating Margin	-50.81%	-10.32%	-7.65%
Profit Margin	-82.31%	-27.50%	-37.40%
Free Cash Flow Margin	-40.89%	-13.19%	-10.03%
EBITDA	-6,515	-1,733	-1,944
EBITDA Margin	-44.55%	-6.91%	-6.07%
D&A For EBITDA	915.77	856.8	507.72
EBIT	-7,430	-2,590	-2,451
EBIT Margin	-50.81%	-10.32%	-7.65%
Advertising Expenses	118.74	152.65	174.87

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