Boryung Corporation (KRX:003850)

Boryung 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,020,012	1,017,107	859,626	760,476	627,279	561,867
Other Revenue	-	-0	-	-0	-0	-
Revenue	1,020,012	1,017,107	859,626	760,476	627,279	561,867
Revenue Growth (YoY)	9.83%	18.32%	13.04%	21.23%	11.64%	7.17%
Cost of Revenue	656,204	653,750	506,196	453,289	362,342	330,425
Gross Profit	363,808	363,357	353,430	307,187	264,937	231,442
Selling, General & Admin	213,281	217,094	214,051	192,386	171,687	149,015
Research & Development	56,156	51,469	47,286	41,705	39,146	35,506
Other Operating Expenses	3,879	3,789	3,427	3,145	2,915	-
Operating Expenses	293,524	292,885	285,728	250,584	223,489	191,483
Operating Income	70,284	70,472	67,702	56,603	41,448	39,959
Interest Expense	-8,815	-8,998	-9,549	-6,127	-4,478	-3,343
Interest & Investment Income	8,611	5,966	871.77	6,956	1,399	482.19
Earnings From Equity Investments	-701.04	-902.28	-	250.46	-	-
Currency Exchange Gain (Loss)	-10,826	18,990	1,030	10,851	2,379	-1,352
Other Non Operating Income (Expenses)	54.42	21.59	-2,096	-1,989	-1,865	-72.3
EBT Excluding Unusual Items	58,608	85,550	57,958	66,544	38,882	35,674
Gain (Loss) on Sale of Investments	-21,662	-17,429	-1,436	-5,651	32,303	172.37
Gain (Loss) on Sale of Assets	1,103	-11.12	-216.25	-164.17	-466.76	199.45
Asset Writedown	-5,147	-5,151	-	-1,857	-	-1.62
Pretax Income	32,901	62,959	56,306	58,872	70,718	36,044
Income Tax Expense	1,100	-6,676	16,092	16,934	27,599	9,184
Earnings From Continuing Operations	31,801	69,636	40,213	41,938	43,119	26,860
Minority Interest in Earnings	-	-2.47	-10.34	-43.88	-74.99	-3.56
Net Income	31,801	69,633	40,203	41,894	43,044	26,856
Net Income to Common	31,801	69,633	40,203	41,894	43,044	26,856
Net Income Growth	-50.76%	73.20%	-4.04%	-2.67%	60.28%	-16.65%
Shares Outstanding (Basic)	77	68	66	66	62	58
Shares Outstanding (Diluted)	78	69	66	66	63	58
Shares Change (YoY)	17.50%	3.91%	-0.29%	4.92%	8.12%	5.18%
EPS (Basic)	411.20	1019.69	610.38	635.91	688.72	462.46
EPS (Diluted)	410.15	1016.00	610.00	634.00	683.00	461.00
EPS Growth	-58.11%	66.56%	-3.79%	-7.17%	48.16%	-20.70%
Free Cash Flow	55,187	67,732	27,204	7,538	44,034	26,470
Free Cash Flow Per Share	711.88	988.65	412.61	113.99	698.64	454.07
Dividend Per Share	100.000	100.000	100.000	100.000	100.000	75.775
Dividend Growth	-	-	-	-	31.97%	-
Gross Margin	35.67%	35.73%	41.11%	40.39%	42.24%	41.19%
Operating Margin	6.89%	6.93%	7.88%	7.44%	6.61%	7.11%
Profit Margin	3.12%	6.85%	4.68%	5.51%	6.86%	4.78%
Free Cash Flow Margin	5.41%	6.66%	3.16%	0.99%	7.02%	4.71%
EBITDA	112,663	113,321	112,089	94,247	73,522	67,525
EBITDA Margin	11.04%	11.14%	13.04%	12.39%	11.72%	12.02%
D&A For EBITDA	42,378	42,849	44,387	37,644	32,074	27,566
EBIT	70,284	70,472	67,702	56,603	41,448	39,959
EBIT Margin	6.89%	6.93%	7.88%	7.44%	6.61%	7.11%
Effective Tax Rate	3.34%	-	28.58%	28.76%	39.03%	25.48%
Advertising Expenses	-	47,882	45,365	44,060	40,486	34,510

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