Black Yak I&C 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Operating Revenue	57,258	37,686
Other Revenue	-	-0
Revenue	57,258	37,686
Revenue Growth (YoY)	51.93%	-
Cost of Revenue	37,095	24,319
Gross Profit	20,163	13,367
Selling, General & Admin	6,783	3,869
Research & Development	1,447	574.23
Amortization of Goodwill & Intangibles	1,930	1.44
Other Operating Expenses	17.43	18.62
Operating Expenses	10,887	5,068
Operating Income	9,276	8,299
Interest Expense	-2,761	-164.81
Interest & Investment Income	120.87	168.07
Currency Exchange Gain (Loss)	-8.34	-0.25
Other Non Operating Income (Expenses)	-12,052	294.22
EBT Excluding Unusual Items	-5,425	8,596
Gain (Loss) on Sale of Investments	91.88	-46.43
Other Unusual Items	804.12	-
Pretax Income	-4,529	8,550
Income Tax Expense	1,113	1,570
Earnings From Continuing Operations	-5,642	6,979
Minority Interest in Earnings	-92.18	-
Net Income	-5,734	6,979
Net Income to Common	-5,734	6,979
Shares Outstanding (Basic)	25	20
Shares Outstanding (Diluted)	25	20
Shares Change (YoY)	27.37%	-
EPS (Basic)	-229.00	355.00
EPS (Diluted)	-229.00	355.00
Free Cash Flow	-5,321	826.07
Free Cash Flow Per Share	-212.50	42.02
Gross Margin	35.21%	35.47%
Operating Margin	16.20%	22.02%
Profit Margin	-10.02%	18.52%
Free Cash Flow Margin	-9.29%	2.19%
EBITDA	12,091	8,870
EBITDA Margin	21.12%	23.54%
D&A For EBITDA	2,814	571.66
EBIT	9,276	8,299
EBIT Margin	16.20%	22.02%
Effective Tax Rate	-	18.37%
Advertising Expenses	383.19	294.48

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