Cheil Grinding Wheel Ind. 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	78,899	81,974	85,239	83,435	79,748
Other Revenue	-	-	-0	-	-0
Revenue	78,899	81,974	85,239	83,435	79,748
Revenue Growth (YoY)	-3.75%	-3.83%	2.16%	4.62%	9.00%
Cost of Revenue	61,104	62,410	65,372	66,215	62,359
Gross Profit	17,795	19,564	19,867	17,220	17,389
Selling, General & Admin	12,099	12,297	10,868	11,125	9,805
Research & Development	1,068	1,186	804.45	780.43	794.23
Amortization of Goodwill & Intangibles	8.2	8.2	7.15	4	2.33
Operating Expenses	13,553	13,810	11,976	12,091	10,785
Operating Income	4,242	5,754	7,892	5,129	6,604
Interest Expense	-0.88	-0.97	-1.76	-0.9	-3.02
Interest & Investment Income	999.65	995.12	795.09	356.6	135.94
Earnings From Equity Investments	59.96	38.64	97.89	155.41	320.91
Currency Exchange Gain (Loss)	103.88	800.03	-258.74	281.19	91.47
Other Non Operating Income (Expenses)	2.65	114.89	4,552	-3,219	595.71
EBT Excluding Unusual Items	5,407	7,702	13,076	2,703	7,745
Gain (Loss) on Sale of Investments	614.89	-213.8	399.33	-73.02	-20.65
Gain (Loss) on Sale of Assets	11,466	188.15	-211.43	-19.11	41.58
Asset Writedown	-	-0.09	-32.89	-19.14	209.32
Pretax Income	17,488	7,676	13,231	2,591	7,976
Income Tax Expense	3,844	1,669	2,314	384.18	1,880
Earnings From Continuing Operations	13,644	6,007	10,917	2,207	6,095
Minority Interest in Earnings	-11.14	-13.07	-15.27	-19.85	-11.21
Net Income	13,633	5,994	10,902	2,187	6,084
Net Income to Common	13,633	5,994	10,902	2,187	6,084
Net Income Growth	127.45%	-45.02%	398.43%	-64.05%	86.37%
Shares Outstanding (Basic)	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7
Shares Change (YoY)	-1.87%	-4.17%	-3.46%	-1.76%	-0.19%
EPS (Basic)	2042.00	881.00	1535.53	297.42	812.76
EPS (Diluted)	2042.00	881.00	1535.53	297.00	812.76
EPS Growth	131.78%	-42.63%	417.01%	-63.46%	86.73%
Free Cash Flow	3,420	5,988	8,176	1,882	1,608
Free Cash Flow Per Share	512.28	880.20	1151.57	255.96	214.80
Gross Margin	22.55%	23.87%	23.31%	20.64%	21.80%
Operating Margin	5.38%	7.02%	9.26%	6.15%	8.28%
Profit Margin	17.28%	7.31%	12.79%	2.62%	7.63%
Free Cash Flow Margin	4.33%	7.31%	9.59%	2.26%	2.02%
EBITDA	6,362	8,500	10,532	7,711	9,535
EBITDA Margin	8.06%	10.37%	12.36%	9.24%	11.96%
D&A For EBITDA	2,120	2,746	2,641	2,582	2,930
EBIT	4,242	5,754	7,892	5,129	6,604
EBIT Margin	5.38%	7.02%	9.26%	6.15%	8.28%
Effective Tax Rate	21.98%	21.74%	17.49%	14.83%	23.58%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.