Bumhan Fuel Cell 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Other Revenue	-0	-0	0	-
Revenue	37,187	36,195	30,516	50,661
Revenue Growth (YoY)	8.21%	18.61%	-39.77%	-
Cost of Revenue	30,967	29,956	32,221	45,652
Gross Profit	6,221	6,238	-1,705	5,009
Selling, General & Admin	3,206	3,265	2,999	3,295
Research & Development	356.69	75.9	-	-
Amortization of Goodwill & Intangibles	576.42	255.01	82.59	106.28
Other Operating Expenses	29.13	29.27	56.49	33.98
Operating Expenses	4,484	3,827	3,587	3,699
Operating Income	1,737	2,411	-5,293	1,310
Interest Expense	-3,534	-3,534	-342.7	-184.79
Interest & Investment Income	1,443	1,443	2,404	1,481
Currency Exchange Gain (Loss)	20.51	20.51	-92.88	-149.84
Other Non Operating Income (Expenses)	-212.77	445.5	39.63	-63.3
EBT Excluding Unusual Items	-546.68	786.07	-3,285	2,393
Gain (Loss) on Sale of Investments	-508.77	-508.77	19.53	-11.15
Gain (Loss) on Sale of Assets	1.92	1.92	-80.73	0.49
Pretax Income	-1,054	279.23	-3,346	2,383
Income Tax Expense	-404.54	-345.86	-915.8	124.77
Earnings From Continuing Operations	-648.99	625.09	-2,431	2,258
Minority Interest in Earnings	357.31	209.45	55.21	-
Net Income	-291.68	834.54	-2,375	2,258
Net Income to Common	-291.68	834.54	-2,375	2,258
Shares Outstanding (Basic)	9	9	9	8
Shares Outstanding (Diluted)	9	9	9	8
Shares Change (YoY)	-0.03%	-0.03%	10.93%	-
EPS (Basic)	-33.99	97.24	-276.70	291.75
EPS (Diluted)	-34.00	97.00	-277.00	291.75
Free Cash Flow	107,240	-2,598	-26,051	-15,213
Free Cash Flow Per Share	12495.15	-302.72	-3034.47	-1965.79
Gross Margin	16.73%	17.23%	-5.59%	9.89%
Operating Margin	4.67%	6.66%	-17.34%	2.59%
Profit Margin	-0.78%	2.31%	-7.78%	4.46%
Free Cash Flow Margin	288.38%	-7.18%	-85.37%	-30.03%
EBITDA	4,322	4,615	-3,692	2,501
EBITDA Margin	11.62%	12.75%	-12.10%	4.94%
D&A For EBITDA	2,586	2,204	1,601	1,191
EBIT	1,737	2,411	-5,293	1,310
EBIT Margin	4.67%	6.66%	-17.34%	2.59%
Effective Tax Rate	-	-	-	5.24%
Advertising Expenses	-	169.78	175.06	244.88

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