Korean Airlines 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	25,225,542	17,870,718	16,111,796	14,096,095	9,016,825
Other Revenue	-0	-0	-0	-	-0
Revenue	25,225,542	17,870,718	16,111,796	14,096,095	9,016,825
Revenue Growth (YoY)	41.16%	10.92%	14.30%	56.33%	18.48%
Cost of Revenue	21,550,306	14,112,550	12,850,302	10,245,440	6,912,047
Gross Profit	3,675,237	3,758,168	3,261,494	3,850,654	2,104,778
Selling, General & Admin	2,339,335	1,521,919	1,335,826	881,451	575,392
Amortization of Goodwill & Intangibles	99,796	46,227	45,095	31,214	18,609
Other Operating Expenses	49,782	37,945	36,055	48,321	36,288
Operating Expenses	2,561,947	1,668,485	1,472,348	1,021,516	694,740
Operating Income	1,113,289	2,089,683	1,789,146	2,829,139	1,410,037
Interest Expense	-806,881	-514,159	-531,415	-400,950	-390,934
Interest & Investment Income	256,640	288,020	307,083	162,349	75,730
Earnings From Equity Investments	12,564	-	-	-757.91	-28.89
Currency Exchange Gain (Loss)	-34,641	-393,683	-38,196	-261,851	-384,643
Other Non Operating Income (Expenses)	193,977	244,499	87,949	184,580	238,371
EBT Excluding Unusual Items	734,949	1,714,361	1,614,568	2,512,509	948,533
Gain (Loss) on Sale of Investments	27,841	868	3,141	33,062	137,000
Gain (Loss) on Sale of Assets	60,788	120,947	-31,629	158,522	33,035
Asset Writedown	-101	-	-10,390	-141,958	-275,453
Pretax Income	823,477	1,836,176	1,575,690	2,562,135	843,114
Income Tax Expense	176,204	454,318	446,585	832,632	264,332
Earnings From Continuing Operations	647,273	1,381,858	1,129,106	1,729,503	578,782
Net Income to Company	647,273	1,381,858	1,129,106	1,729,503	578,782
Minority Interest in Earnings	132,401	-64,596	-67,940	-1,140	-1,098
Net Income	779,674	1,317,262	1,061,165	1,728,363	577,684
Preferred Dividends & Other Adjustments	7,996	-	2,622	3,953	16,736
Net Income to Common	771,677	1,317,262	1,058,543	1,724,410	560,947
Net Income Growth	-40.81%	24.13%	-38.60%	199.19%	-
Shares Outstanding (Basic)	369	369	369	360	322
Shares Outstanding (Diluted)	369	369	369	360	342
Shares Change (YoY)	-	-	2.53%	5.48%	112.46%
EPS (Basic)	2089.39	3566.61	2866.11	4787.09	1743.37
EPS (Diluted)	2089.39	3566.61	2866.11	4787.09	1662.06
EPS Growth	-41.42%	24.44%	-40.13%	188.02%	-
Free Cash Flow	-213,949	1,664,815	2,183,944	4,810,659	3,171,231
Free Cash Flow Per Share	-579.29	4507.65	5913.24	13354.73	9285.81
Gross Margin	14.57%	21.03%	20.24%	27.32%	23.34%
Operating Margin	4.41%	11.69%	11.11%	20.07%	15.64%
Profit Margin	3.06%	7.37%	6.57%	12.23%	6.22%
Free Cash Flow Margin	-0.85%	9.32%	13.55%	34.13%	35.17%
EBITDA	3,968,453	3,885,713	3,512,043	4,478,875	3,105,402
EBITDA Margin	15.73%	21.74%	21.80%	31.77%	34.44%
D&A For EBITDA	2,855,164	1,796,030	1,722,896	1,649,736	1,695,365
EBIT	1,113,289	2,089,683	1,789,146	2,829,139	1,410,037
EBIT Margin	4.41%	11.69%	11.11%	20.07%	15.64%
Effective Tax Rate	21.40%	24.74%	28.34%	32.50%	31.35%
Advertising Expenses	93,809	57,222	30,947	36,413	17,288

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