Korea Refractories Co., Ltd (KRX:010040)

Korea Refractories 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	429,951	416,008	411,810	358,774	271,738	203,695
Other Revenue	0	-	-	-	-	0
Revenue	429,951	416,008	411,810	358,774	271,738	203,695
Revenue Growth (YoY)	7.13%	1.02%	14.78%	32.03%	33.41%	-8.42%
Cost of Revenue	392,775	374,251	376,643	321,851	237,160	179,815
Gross Profit	37,176	41,757	35,167	36,923	34,579	23,880
Selling, General & Admin	24,688	25,209	23,098	19,545	19,870	12,925
Research & Development	4,262	5,775	4,751	4,654	4,421	4,604
Amortization of Goodwill & Intangibles	39.26	78.02	172.52	148.8	148.87	139.95
Other Operating Expenses	1,047	993.97	870	837.83	645.14	290.86
Operating Expenses	31,382	33,171	42,706	26,403	25,989	18,699
Operating Income	5,795	8,586	-7,539	10,520	8,589	5,181
Interest Expense	-2,327	-2,664	-1,544	-1,063	-865.66	-875.25
Interest & Investment Income	350.24	402.51	323.69	204.07	92.71	85.64
Earnings From Equity Investments	-22.42	82.22	81.39	-7,630	2,474	841.7
Currency Exchange Gain (Loss)	-97.63	-612.06	175.93	-926.42	-181.83	-93.4
Other Non Operating Income (Expenses)	-21,913	993.43	157.38	-126.86	-783.8	-443.27
EBT Excluding Unusual Items	-18,215	6,788	-8,344	978.04	9,324	4,697
Gain (Loss) on Sale of Investments	1,380	65.35	78.16	90.07	75.1	40.28
Gain (Loss) on Sale of Assets	21.01	9.96	47.78	-30.12	-945.65	-114.96
Asset Writedown	-	-	-8,615	-	-1,077	-1,517
Pretax Income	-16,814	6,864	-16,833	1,038	7,376	3,105
Income Tax Expense	-2,109	1,358	-2,103	228.77	1,692	1,317
Earnings From Continuing Operations	-14,705	5,505	-14,730	809.21	5,684	1,788
Earnings From Discontinued Operations	-	-	-	-	-	-312.03
Net Income	-14,705	5,505	-14,730	809.21	5,684	1,476
Net Income to Common	-14,705	5,505	-14,730	809.21	5,684	1,476
Net Income Growth	-	-	-	-85.76%	285.19%	-65.57%
Shares Outstanding (Basic)	35	35	35	35	31	22
Shares Outstanding (Diluted)	35	35	35	35	31	22
Shares Change (YoY)	-1.16%	-	-	13.66%	39.62%	0.53%
EPS (Basic)	-417.40	155.35	-415.68	22.84	182.32	66.09
EPS (Diluted)	-417.40	155.35	-415.68	22.84	182.32	66.09
EPS Growth	-	-	-	-87.48%	175.88%	-65.75%
Free Cash Flow	-17,169	12,437	-9,624	-6,113	11,242	-540.56
Free Cash Flow Per Share	-487.33	350.96	-271.59	-172.50	360.59	-24.21
Dividend Per Share	100.000	100.000	-	-	-	-
Gross Margin	8.65%	10.04%	8.54%	10.29%	12.72%	11.72%
Operating Margin	1.35%	2.06%	-1.83%	2.93%	3.16%	2.54%
Profit Margin	-3.42%	1.32%	-3.58%	0.23%	2.09%	0.72%
Free Cash Flow Margin	-3.99%	2.99%	-2.34%	-1.70%	4.14%	-0.27%
EBITDA	16,461	17,944	408.43	18,013	15,760	12,151
EBITDA Margin	3.83%	4.31%	0.10%	5.02%	5.80%	5.96%
D&A For EBITDA	10,667	9,358	7,947	7,493	7,171	6,970
EBIT	5,795	8,586	-7,539	10,520	8,589	5,181
EBIT Margin	1.35%	2.06%	-1.83%	2.93%	3.16%	2.54%
Effective Tax Rate	-	19.79%	-	22.04%	22.94%	42.42%
Advertising Expenses	-	33.29	39.8	36.46	20.12	20.57

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