Bumhan Fuel Cell 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	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	43,361	36,195	30,516	50,661
Other Revenue	-0	-0	0	-
Revenue	43,361	36,195	30,516	50,661
Revenue Growth (YoY)	19.80%	18.61%	-39.77%	-
Cost of Revenue	37,949	29,956	32,221	45,652
Gross Profit	5,412	6,238	-1,705	5,009
Selling, General & Admin	3,113	3,265	2,999	3,295
Research & Development	485.81	75.9	-	-
Amortization of Goodwill & Intangibles	538.85	255.01	82.59	106.28
Other Operating Expenses	26.55	29.27	56.49	33.98
Operating Expenses	4,555	3,827	3,587	3,699
Operating Income	857.85	2,411	-5,293	1,310
Interest Expense	-4,929	-3,534	-342.7	-184.79
Interest & Investment Income	2,168	1,443	2,404	1,481
Currency Exchange Gain (Loss)	-78.62	20.51	-92.88	-149.84
Other Non Operating Income (Expenses)	4,979	445.5	39.63	-63.3
EBT Excluding Unusual Items	2,997	786.07	-3,285	2,393
Gain (Loss) on Sale of Investments	-1,875	-508.77	19.53	-11.15
Gain (Loss) on Sale of Assets	25.36	1.92	-80.73	0.49
Pretax Income	1,147	279.23	-3,346	2,383
Income Tax Expense	-35.05	-345.86	-915.8	124.77
Earnings From Continuing Operations	1,182	625.09	-2,431	2,258
Minority Interest in Earnings	408.08	209.45	55.21	-
Net Income	1,590	834.54	-2,375	2,258
Net Income to Common	1,590	834.54	-2,375	2,258
Net Income Growth	90.54%	-	-	-
Shares Outstanding (Basic)	9	9	9	8
Shares Outstanding (Diluted)	9	9	9	8
Shares Change (YoY)	1.37%	-0.03%	10.93%	-
EPS (Basic)	185.28	97.24	-276.70	291.75
EPS (Diluted)	181.08	97.00	-277.00	291.75
EPS Growth	86.68%	-	-	-
Free Cash Flow	19,903	-2,598	-26,051	-15,213
Free Cash Flow Per Share	2287.59	-302.72	-3034.47	-1965.79
Gross Margin	12.48%	17.23%	-5.59%	9.89%
Operating Margin	1.98%	6.66%	-17.34%	2.59%
Profit Margin	3.67%	2.31%	-7.78%	4.46%
Free Cash Flow Margin	45.90%	-7.18%	-85.37%	-30.03%
EBITDA	3,467	4,615	-3,692	2,501
EBITDA Margin	7.99%	12.75%	-12.10%	4.94%
D&A For EBITDA	2,609	2,204	1,601	1,191
EBIT	857.85	2,411	-5,293	1,310
EBIT Margin	1.98%	6.66%	-17.34%	2.59%
Effective Tax Rate	-	-	-	5.24%
Advertising Expenses	226.5	169.78	175.06	244.88

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