Top Run Total Solution 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	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	522,254	519,655	513,877	482,462	386,486	369,986
Other Revenue	-0	-0	-0	-0	-	-
Revenue	522,254	519,655	513,877	482,462	386,486	369,986
Revenue Growth (YoY)	-1.31%	1.12%	6.51%	24.83%	4.46%	-14.76%
Cost of Revenue	455,344	442,142	435,244	428,958	344,951	331,748
Gross Profit	66,910	77,513	78,633	53,505	41,534	38,238
Selling, General & Admin	44,331	40,269	41,753	30,486	24,768	22,906
Research & Development	7,255	6,249	2,987	3,094	3,009	1,107
Amortization of Goodwill & Intangibles	520.17	181.97	176.43	138.06	143.17	93.49
Other Operating Expenses	2,264	2,637	1,783	1,259	1,638	627.71
Operating Expenses	55,953	51,473	47,707	37,011	33,449	29,793
Operating Income	10,958	26,040	30,926	16,494	8,085	8,445
Interest Expense	-7,881	-8,590	-11,170	-7,548	-4,313	-4,436
Interest & Investment Income	800.82	540.15	687.9	1,233	1,136	1,395
Earnings From Equity Investments	177	-959.1	-4,758	-1,311	825.98	791.34
Currency Exchange Gain (Loss)	2,048	3,859	4,098	-1,351	634.01	-4,515
Other Non Operating Income (Expenses)	1,005	661.86	2,672	1,817	1,432	648.59
EBT Excluding Unusual Items	7,108	21,552	22,456	9,334	7,800	2,329
Gain (Loss) on Sale of Investments	-233.89	-80.52	481.1	-57.07	-	-
Gain (Loss) on Sale of Assets	-553.14	-11.77	4,420	-168.11	340.69	400.66
Asset Writedown	-	-95	-	-	-30.66	-107.31
Pretax Income	6,321	21,365	27,357	9,109	8,110	2,622
Income Tax Expense	113.07	2,757	2,959	2,389	2,301	2,596
Earnings From Continuing Operations	6,208	18,608	24,398	6,720	5,809	25.9
Earnings From Discontinued Operations	-	1,280	-1,747	-1,182	-	-
Net Income to Company	6,208	19,888	22,651	5,539	5,809	25.9
Minority Interest in Earnings	785.01	0.56	1.62	-2,016	-443.2	979.57
Net Income	6,993	19,888	22,653	3,523	5,366	1,005
Net Income to Common	6,993	19,888	22,653	3,523	5,366	1,005
Net Income Growth	-73.02%	-12.20%	543.02%	-34.35%	433.71%	-88.71%
Shares Outstanding (Basic)	39	34	29	2	2	2
Shares Outstanding (Diluted)	39	34	29	2	2	2
Shares Change (YoY)	20.54%	18.29%	1336.78%	0.89%	-0.00%	0.00%
EPS (Basic)	180.45	579.93	781.33	1745.82	2683.12	502.73
EPS (Diluted)	180.45	579.93	781.33	1745.78	2683.12	502.73
EPS Growth	-77.61%	-25.78%	-55.24%	-34.94%	433.72%	-88.71%
Free Cash Flow	-54,022	19,973	-35,512	-2,464	-11,998	2,167
Free Cash Flow Per Share	-1394.01	582.40	-1224.86	-1221.22	-5999.13	1083.49
Dividend Per Share	50.000	50.000	-	-	-	-
Gross Margin	12.81%	14.92%	15.30%	11.09%	10.75%	10.33%
Operating Margin	2.10%	5.01%	6.02%	3.42%	2.09%	2.28%
Profit Margin	1.34%	3.83%	4.41%	0.73%	1.39%	0.27%
Free Cash Flow Margin	-10.34%	3.84%	-6.91%	-0.51%	-3.10%	0.59%
EBITDA	32,041	45,949	54,258	37,918	22,948	24,789
EBITDA Margin	6.13%	8.84%	10.56%	7.86%	5.94%	6.70%
D&A For EBITDA	21,083	19,908	23,332	21,423	14,863	16,343
EBIT	10,958	26,040	30,926	16,494	8,085	8,445
EBIT Margin	2.10%	5.01%	6.02%	3.42%	2.09%	2.28%
Effective Tax Rate	1.79%	12.90%	10.82%	26.22%	28.37%	99.01%
Advertising Expenses	-	48.47	34.3	-	2	-

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