Samyang Foods Co., Ltd. (KRX:003230)

Samyang Foods Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,871,279	1,728,015	1,192,915	909,037	642,030	648,507
Other Revenue	-	-	-0	-0	-	-
Revenue	1,871,279	1,728,015	1,192,915	909,037	642,030	648,507
Revenue Growth (YoY)	40.37%	44.86%	31.23%	41.59%	-1.00%	19.30%
Cost of Revenue	1,067,275	1,005,357	776,722	658,680	472,497	457,944
Gross Profit	804,005	722,658	416,192	250,357	169,533	190,563
Selling, General & Admin	390,194	365,541	254,634	153,850	100,812	85,188
Other Operating Expenses	3,060	2,749	1,728	1,812	1,080	901.92
Operating Expenses	405,387	377,909	268,943	160,051	104,452	95,274
Operating Income	398,617	344,749	147,250	90,306	65,081	95,289
Interest Expense	-14,412	-14,412	-12,213	-4,790	-358.67	-916.05
Interest & Investment Income	9,878	9,878	5,427	2,177	974.55	1,142
Earnings From Equity Investments	-72.15	-	5,103	-	-	-
Currency Exchange Gain (Loss)	27,433	27,433	1,834	-331.36	5,656	-4,590
Other Non Operating Income (Expenses)	-18,808	-15,807	3,350	392.8	1,331	1,107
EBT Excluding Unusual Items	402,637	351,841	150,750	87,755	72,683	92,032
Gain (Loss) on Sale of Investments	478.99	478.99	5,833	2,635	-499.44	-1,307
Gain (Loss) on Sale of Assets	-579.68	-579.68	-257.94	12,238	-56.73	-23.97
Asset Writedown	-100.56	-100.56	-	-671.53	-	-
Pretax Income	402,436	351,640	156,325	101,956	72,127	90,701
Income Tax Expense	98,701	80,384	29,734	21,685	15,470	22,727
Earnings From Continuing Operations	303,735	271,256	126,591	80,271	56,658	67,974
Minority Interest in Earnings	872.45	729.66	-328.94	-476.31	-309.56	-764.32
Net Income	304,608	271,985	126,262	79,795	56,348	67,209
Net Income to Common	304,608	271,985	126,262	79,795	56,348	67,209
Net Income Growth	78.71%	115.41%	58.23%	41.61%	-16.16%	12.86%
Shares Outstanding (Basic)	7	7	7	7	8	8
Shares Outstanding (Diluted)	7	7	7	7	8	8
Shares Change (YoY)	-0.00%	-	-0.32%	-0.67%	-	-
EPS (Basic)	40842.43	36468.31	16929.48	10664.52	7480.55	8922.46
EPS (Diluted)	40842.03	36468.00	16929.00	10664.52	7480.55	8922.00
EPS Growth	78.72%	115.42%	58.74%	42.56%	-16.16%	12.85%
Free Cash Flow	144,094	129,454	123,102	-40,366	-81,343	15,039
Free Cash Flow Per Share	19320.40	17357.48	16505.79	-5394.93	-10798.85	1996.58
Dividend Per Share	3300.000	3300.000	-	-	1000.000	800.000
Dividend Growth	-	-	-	-	25.00%	-
Gross Margin	42.97%	41.82%	34.89%	27.54%	26.41%	29.39%
Operating Margin	21.30%	19.95%	12.34%	9.93%	10.14%	14.69%
Profit Margin	16.28%	15.74%	10.58%	8.78%	8.78%	10.36%
Free Cash Flow Margin	7.70%	7.49%	10.32%	-4.44%	-12.67%	2.32%
EBITDA	448,098	390,774	179,404	115,202	80,349	108,569
EBITDA Margin	23.95%	22.61%	15.04%	12.67%	12.52%	16.74%
D&A For EBITDA	49,481	46,025	32,154	24,896	15,269	13,280
EBIT	398,617	344,749	147,250	90,306	65,081	95,289
EBIT Margin	21.30%	19.95%	12.34%	9.93%	10.14%	14.69%
Effective Tax Rate	24.53%	22.86%	19.02%	21.27%	21.45%	25.06%
Advertising Expenses	-	62,212	41,145	24,244	15,455	7,961

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.