Moorim Paper 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	1,229,432	1,343,732	1,273,979	1,357,214	1,012,760	908,673
Other Revenue	40,120	40,648	47,906	41,926	42,514	40,982
Revenue	1,269,552	1,384,380	1,321,885	1,399,139	1,055,273	949,655
Revenue Growth (YoY)	-8.90%	4.73%	-5.52%	32.58%	11.12%	-15.49%
Cost of Revenue	1,134,436	1,166,761	1,133,755	1,176,378	915,816	829,183
Gross Profit	135,116	217,619	188,130	222,761	139,458	120,471
Selling, General & Admin	103,303	105,709	94,227	104,611	90,034	74,489
Research & Development	2,458	2,519	1,764	4,284	4,306	3,726
Amortization of Goodwill & Intangibles	689.66	746.12	827.97	1,021	1,247	1,522
Other Operating Expenses	1,471	1,437	1,298	1,297	1,276	1,328
Operating Expenses	111,328	113,229	101,188	113,891	99,898	84,152
Operating Income	23,788	104,390	86,942	108,870	39,560	36,319
Interest Expense	-56,813	-63,015	-70,260	-49,700	-37,448	-39,702
Interest & Investment Income	5,990	7,168	7,995	4,708	1,094	1,497
Currency Exchange Gain (Loss)	-2,556	-10,520	-3,110	-9,763	-7,158	3,062
Other Non Operating Income (Expenses)	14,204	16,347	2,208	1,626	10,431	-8,141
EBT Excluding Unusual Items	-15,386	54,370	23,774	55,740	6,479	-6,965
Gain (Loss) on Sale of Investments	951.2	126.98	1,076	5,323	1,408	4,051
Gain (Loss) on Sale of Assets	2,154	1,166	-1,919	-556.61	614.3	-1,207
Asset Writedown	-8,443	-7,484	-26,703	-18,915	-5,466	-36,264
Other Unusual Items	-	-	-	-	-	13.61
Pretax Income	-20,724	48,179	-3,771	41,593	3,035	-40,372
Income Tax Expense	-23,407	-1,168	-5,173	6,833	2,626	-2,523
Earnings From Continuing Operations	2,683	49,346	1,402	34,759	409.56	-37,849
Net Income to Company	2,683	49,346	1,402	34,759	409.56	-37,849
Minority Interest in Earnings	157.48	-8,668	2,071	-19,564	-6,776	-651.86
Net Income	2,840	40,678	3,473	15,195	-6,366	-38,501
Net Income to Common	2,840	40,678	3,473	15,195	-6,366	-38,501
Net Income Growth	-92.53%	1071.44%	-77.15%	-	-	-
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
Shares Change (YoY)	-0.39%	-	-	-	-	-
EPS (Basic)	68.26	977.63	83.46	365.19	-153.00	-925.29
EPS (Diluted)	68.26	977.63	83.46	365.19	-153.00	-925.29
EPS Growth	-92.50%	1071.44%	-77.15%	-	-	-
Free Cash Flow	-128,572	6,113	-26,818	-10,375	-120,506	42,329
Free Cash Flow Per Share	-3090.05	146.92	-644.52	-249.35	-2896.14	1017.30
Dividend Per Share	100.000	100.000	-	-	-	-
Gross Margin	10.64%	15.72%	14.23%	15.92%	13.21%	12.69%
Operating Margin	1.87%	7.54%	6.58%	7.78%	3.75%	3.82%
Profit Margin	0.22%	2.94%	0.26%	1.09%	-0.60%	-4.05%
Free Cash Flow Margin	-10.13%	0.44%	-2.03%	-0.74%	-11.42%	4.46%
EBITDA	100,096	181,579	161,747	184,407	114,856	108,001
EBITDA Margin	7.88%	13.12%	12.24%	13.18%	10.88%	11.37%
D&A For EBITDA	76,308	77,189	74,805	75,537	75,296	71,682
EBIT	23,788	104,390	86,942	108,870	39,560	36,319
EBIT Margin	1.87%	7.54%	6.58%	7.78%	3.75%	3.82%
Effective Tax Rate	-	-	-	16.43%	86.51%	-
Advertising Expenses	-	1,678	1,751	1,273	909.93	1,094

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