HWASHIN CO.,Ltd (KRX:010690)

HWASHIN CO.,Ltd 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	1,899,061	1,712,316	1,802,760	1,690,271	1,236,592	1,085,542
Other Revenue	-	-0	-0	-0	-	-
Revenue	1,899,061	1,712,316	1,802,760	1,690,271	1,236,592	1,085,542
Revenue Growth (YoY)	11.72%	-5.02%	6.65%	36.69%	13.91%	-6.77%
Cost of Revenue	1,711,476	1,546,135	1,627,735	1,517,682	1,136,431	1,029,522
Gross Profit	187,585	166,181	175,024	172,590	100,161	56,020
Selling, General & Admin	96,468	85,373	82,182	76,414	65,831	60,445
Amortization of Goodwill & Intangibles	173.56	229.53	243.39	335.07	259.13	358.37
Other Operating Expenses	5,426	4,833	3,687	3,595	2,728	3,156
Operating Expenses	105,511	101,007	91,317	85,804	76,135	67,504
Operating Income	82,074	65,173	83,707	86,786	24,026	-11,484
Interest Expense	-24,681	-25,652	-24,123	-16,789	-12,263	-13,662
Interest & Investment Income	10,417	11,076	11,736	4,311	1,223	1,530
Earnings From Equity Investments	-2,402	-1,281	-4,317	9.34	-3,276	-3,383
Currency Exchange Gain (Loss)	22,714	24,947	13,782	21,654	21,104	-48,646
Other Non Operating Income (Expenses)	-3,387	-4,158	2,542	201.23	-33.58	8,442
EBT Excluding Unusual Items	84,736	70,105	83,327	96,172	30,780	-67,203
Gain (Loss) on Sale of Investments	499.58	476.66	385.7	-3,065	-	-
Gain (Loss) on Sale of Assets	2,304	5,244	917.16	2,007	797.58	8,311
Asset Writedown	-13.5	-13.5	-3	-6	-46.5	-54.29
Pretax Income	87,530	75,812	84,627	95,109	31,531	-58,946
Income Tax Expense	21,786	22,251	7,359	20,897	7,163	-4,698
Earnings From Continuing Operations	65,744	53,561	77,268	74,212	24,368	-54,249
Minority Interest in Earnings	12.4	14.99	4.31	3.41	15.53	16.05
Net Income	65,757	53,576	77,273	74,215	24,383	-54,233
Net Income to Common	65,757	53,576	77,273	74,215	24,383	-54,233
Net Income Growth	81.25%	-30.67%	4.12%	204.37%	-	-
Shares Outstanding (Basic)	35	35	34	33	33	33
Shares Outstanding (Diluted)	35	35	35	35	33	33
Shares Change (YoY)	-	-	-	4.71%	1.29%	-
EPS (Basic)	1892.36	1541.83	2274.05	2254.08	740.57	-1647.17
EPS (Diluted)	1880.13	1531.94	2226.58	2185.60	738.04	-1647.17
EPS Growth	80.98%	-31.20%	1.88%	196.14%	-	-
Free Cash Flow	-136,786	-96,476	13,908	23,385	-22,180	-31,391
Free Cash Flow Per Share	-3917.09	-2762.74	398.27	669.68	-665.04	-953.41
Dividend Per Share	150.000	150.000	150.000	100.000	70.000	50.000
Dividend Growth	-	-	50.00%	42.86%	40.00%	-
Gross Margin	9.88%	9.71%	9.71%	10.21%	8.10%	5.16%
Operating Margin	4.32%	3.81%	4.64%	5.13%	1.94%	-1.06%
Profit Margin	3.46%	3.13%	4.29%	4.39%	1.97%	-5.00%
Free Cash Flow Margin	-7.20%	-5.63%	0.77%	1.38%	-1.79%	-2.89%
EBITDA	151,216	129,137	144,188	147,478	81,337	44,938
EBITDA Margin	7.96%	7.54%	8.00%	8.72%	6.58%	4.14%
D&A For EBITDA	69,142	63,964	60,481	60,692	57,311	56,422
EBIT	82,074	65,173	83,707	86,786	24,026	-11,484
EBIT Margin	4.32%	3.81%	4.64%	5.13%	1.94%	-1.06%
Effective Tax Rate	24.89%	29.35%	8.70%	21.97%	22.72%	-
Advertising Expenses	-	97.33	110.37	82.45	52	43.63

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