Ilshin Spinning 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	519,680	514,502	523,263	584,688	591,413	456,283
Other Revenue	7,081	9,150	16,146	8,371	9,615	8,588
Revenue	526,761	523,651	539,409	593,059	601,029	464,871
Revenue Growth (YoY)	1.83%	-2.92%	-9.05%	-1.33%	29.29%	-6.31%
Cost of Revenue	433,394	435,286	461,169	528,547	464,160	374,998
Gross Profit	93,367	88,365	78,240	64,511	136,868	89,874
Selling, General & Admin	70,325	68,459	70,997	72,021	67,938	64,629
Research & Development	74.66	66.67	58.32	63.5	48.68	40.82
Amortization of Goodwill & Intangibles	813.09	826.2	633.58	603.77	503.41	248.69
Other Operating Expenses	1,769	1,683	1,624	1,505	1,315	1,528
Operating Expenses	63,461	63,163	79,065	115,372	75,898	76,325
Operating Income	29,906	25,202	-825.2	-50,861	60,970	13,548
Interest Expense	-6,599	-7,259	-4,777	-3,074	-1,606	-3,036
Interest & Investment Income	9,801	12,995	13,441	6,255	3,626	2,927
Earnings From Equity Investments	-279.63	4,086	808.98	-	311.02	-910.58
Currency Exchange Gain (Loss)	-2,202	-1,761	-606.72	-1,855	2,630	1,405
Other Non Operating Income (Expenses)	100.62	307.55	-678.55	114.65	-929.25	427.81
EBT Excluding Unusual Items	30,727	33,572	7,362	-49,420	65,002	14,362
Gain (Loss) on Sale of Investments	-506.3	642.4	12,003	-2,443	1,234	1,910
Gain (Loss) on Sale of Assets	425.05	154.37	-77.62	224,051	767.32	629.55
Asset Writedown	-2	-	-7,744	-10,985	681.81	-2,480
Other Unusual Items	-	-	-	-	67.55	-
Pretax Income	30,644	34,369	11,543	161,203	67,752	14,422
Income Tax Expense	4,830	5,367	1,823	46,573	3,542	3,990
Earnings From Continuing Operations	25,814	29,002	9,720	114,629	64,210	10,433
Minority Interest in Earnings	-824.63	-895.88	-1,879	-354.24	-1,353	-398.75
Net Income	24,989	28,106	7,840	114,275	62,858	10,034
Net Income to Common	24,989	28,106	7,840	114,275	62,858	10,034
Net Income Growth	-14.96%	258.48%	-93.14%	81.80%	526.46%	42.20%
Shares Outstanding (Basic)	21	21	22	23	23	23
Shares Outstanding (Diluted)	21	21	22	23	23	23
Shares Change (YoY)	-0.16%	-2.29%	-3.71%	-	-0.09%	-0.95%
EPS (Basic)	1175.48	1319.49	359.65	5047.31	2776.29	442.76
EPS (Diluted)	1175.48	1319.49	359.65	5047.31	2776.29	442.76
EPS Growth	-14.83%	266.88%	-92.87%	81.80%	527.05%	43.56%
Free Cash Flow	45,268	14,876	-50,523	-60,638	-23,457	42,083
Free Cash Flow Per Share	2129.38	698.37	-2317.56	-2678.25	-1036.03	1856.96
Dividend Per Share	200.000	200.000	-	-	-	-
Gross Margin	17.72%	16.88%	14.51%	10.88%	22.77%	19.33%
Operating Margin	5.68%	4.81%	-0.15%	-8.58%	10.14%	2.91%
Profit Margin	4.74%	5.37%	1.45%	19.27%	10.46%	2.16%
Free Cash Flow Margin	8.59%	2.84%	-9.37%	-10.22%	-3.90%	9.05%
EBITDA	56,209	51,729	25,147	-27,209	81,077	37,330
EBITDA Margin	10.67%	9.88%	4.66%	-4.59%	13.49%	8.03%
D&A For EBITDA	26,302	26,526	25,972	23,652	20,106	23,782
EBIT	29,906	25,202	-825.2	-50,861	60,970	13,548
EBIT Margin	5.68%	4.81%	-0.15%	-8.58%	10.14%	2.91%
Effective Tax Rate	15.76%	15.62%	15.80%	28.89%	5.23%	27.66%
Advertising Expenses	-	3,964	5,177	5,733	5,193	6,520

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