Daechang Forging Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	357,397	346,267	322,237	372,123	421,498	354,440
Other Revenue	-	-0	-0	-0	-0	-
Revenue	357,397	346,267	322,237	372,123	421,498	354,440
Revenue Growth (YoY)	9.06%	7.46%	-13.41%	-11.71%	18.92%	34.02%
Cost of Revenue	288,915	277,363	261,439	298,012	341,973	299,630
Gross Profit	68,482	68,904	60,798	74,111	79,525	54,809
Selling, General & Admin	26,044	26,448	26,368	25,663	26,276	22,784
Research & Development	347.65	424.7	443.28	450.35	413.79	363.25
Amortization of Goodwill & Intangibles	21.76	25.88	71.75	70.05	113.69	215.66
Other Operating Expenses	1,204	1,123	888.61	786.51	950.83	778.18
Operating Expenses	30,197	30,936	30,783	27,668	29,668	25,303
Operating Income	38,285	37,968	30,015	46,443	49,857	29,506
Interest Expense	-306.79	-316.81	-324.76	-178.78	-308.44	-226.56
Interest & Investment Income	2,607	2,788	3,068	2,176	566.15	260.51
Earnings From Equity Investments	931.61	600.73	-419.6	-	-	-
Currency Exchange Gain (Loss)	873.41	-1,870	5,484	-84.36	3,178	2,984
Other Non Operating Income (Expenses)	84.17	336.77	411.49	-177.75	-196.23	1,837
EBT Excluding Unusual Items	42,475	39,507	38,234	48,178	53,096	34,361
Gain (Loss) on Sale of Investments	383.87	250.81	107.24	423.67	-48.13	1,745
Gain (Loss) on Sale of Assets	289.39	264	7,578	244.74	3,950	758.16
Pretax Income	43,148	40,022	45,919	48,846	56,998	36,864
Income Tax Expense	14,236	12,544	12,974	14,936	16,944	8,641
Earnings From Continuing Operations	28,913	27,477	32,945	33,910	40,054	28,223
Minority Interest in Earnings	1,677	1,309	629.42	26.14	-3,350	-1,580
Net Income	30,590	28,786	33,575	33,936	36,704	26,643
Preferred Dividends & Other Adjustments	-	-	-	-	-0.33	-
Net Income to Common	30,590	28,786	33,575	33,936	36,704	26,643
Net Income Growth	-8.49%	-14.26%	-1.07%	-7.54%	37.76%	100.47%
Shares Outstanding (Basic)	25	25	25	26	26	26
Shares Outstanding (Diluted)	25	25	25	26	26	26
Shares Change (YoY)	-0.37%	-1.10%	-1.57%	-	-	-2.16%
EPS (Basic)	1212.81	1141.68	1317.00	1310.25	1417.10	1028.66
EPS (Diluted)	1212.81	1141.68	1317.00	1310.25	1417.10	1028.66
EPS Growth	-8.15%	-13.31%	0.52%	-7.54%	37.76%	104.89%
Free Cash Flow	15.65	-10,575	32,697	48,440	20,179	-30,588
Free Cash Flow Per Share	0.62	-419.40	1282.58	1870.20	779.08	-1180.99
Dividend Per Share	-	-	-	180.000	200.000	135.000
Dividend Growth	-	-	-	-10.00%	48.15%	50.00%
Gross Margin	19.16%	19.90%	18.87%	19.92%	18.87%	15.46%
Operating Margin	10.71%	10.96%	9.31%	12.48%	11.83%	8.33%
Profit Margin	8.56%	8.31%	10.42%	9.12%	8.71%	7.52%
Free Cash Flow Margin	0.00%	-3.05%	10.15%	13.02%	4.79%	-8.63%
EBITDA	45,984	45,753	36,863	53,208	55,924	35,788
EBITDA Margin	12.87%	13.21%	11.44%	14.30%	13.27%	10.10%
D&A For EBITDA	7,699	7,785	6,848	6,765	6,067	6,282
EBIT	38,285	37,968	30,015	46,443	49,857	29,506
EBIT Margin	10.71%	10.96%	9.31%	12.48%	11.83%	8.33%
Effective Tax Rate	32.99%	31.34%	28.25%	30.58%	29.73%	23.44%
Advertising Expenses	-	198.08	88.71	88.87	182.39	20.93