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	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Operating Revenue	67,014	57,258	37,686
Other Revenue	0	-	-0
Revenue	67,014	57,258	37,686
Revenue Growth (YoY)	74.36%	51.93%	-
Cost of Revenue	42,993	37,095	24,319
Gross Profit	24,021	20,163	13,367
Selling, General & Admin	8,006	6,783	3,869
Research & Development	1,701	1,447	574.23
Amortization of Goodwill & Intangibles	2,757	1,930	1.44
Other Operating Expenses	32.48	17.43	18.62
Operating Expenses	13,260	10,887	5,068
Operating Income	10,761	9,276	8,299
Interest Expense	-3,692	-2,761	-164.81
Interest & Investment Income	80	120.87	168.07
Currency Exchange Gain (Loss)	-17.91	-8.34	-0.25
Other Non Operating Income (Expenses)	-8,240	-12,052	294.22
EBT Excluding Unusual Items	-1,109	-5,425	8,596
Gain (Loss) on Sale of Investments	91.88	91.88	-46.43
Other Unusual Items	898.89	804.12	-
Pretax Income	-118.21	-4,529	8,550
Income Tax Expense	2,257	1,113	1,570
Earnings From Continuing Operations	-2,375	-5,642	6,979
Minority Interest in Earnings	-92.18	-92.18	-
Net Income	-2,468	-5,734	6,979
Net Income to Common	-2,468	-5,734	6,979
Shares Outstanding (Basic)	25	25	20
Shares Outstanding (Diluted)	25	25	20
Shares Change (YoY)	-0.05%	27.31%	-
EPS (Basic)	-96.99	-229.11	355.00
EPS (Diluted)	-96.99	-229.11	355.00
Free Cash Flow	-7,230	-5,321	826.07
Free Cash Flow Per Share	-284.18	-212.60	42.02
Gross Margin	35.84%	35.21%	35.47%
Operating Margin	16.06%	16.20%	22.02%
Profit Margin	-3.68%	-10.02%	18.52%
Free Cash Flow Margin	-10.79%	-9.29%	2.19%
EBITDA	14,457	12,091	8,870
EBITDA Margin	21.57%	21.12%	23.54%
D&A For EBITDA	3,696	2,814	571.66
EBIT	10,761	9,276	8,299
EBIT Margin	16.06%	16.20%	22.02%
Effective Tax Rate	-	-	18.37%
Advertising Expenses	-	383.19	294.48