MH Ethanol Co.,Ltd. (KRX:023150)

MH Ethanol 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	99,147	100,419	105,484	110,722	102,067	94,645
Other Revenue	-0	-0	-	-	-0	-
Revenue	99,147	100,419	105,484	110,722	102,067	94,645
Revenue Growth (YoY)	-4.74%	-4.80%	-4.73%	8.48%	7.84%	17.02%
Cost of Revenue	62,863	62,975	64,717	67,578	58,542	60,064
Gross Profit	36,284	37,444	40,767	43,145	43,525	34,581
Selling, General & Admin	16,879	16,702	16,019	15,264	14,497	13,284
Other Operating Expenses	7,281	7,272	3,204	3,365	3,231	3,172
Operating Expenses	28,541	27,466	21,850	21,216	20,190	18,274
Operating Income	7,742	9,978	18,918	21,929	23,335	16,307
Interest Expense	-10,331	-11,468	-12,193	-11,712	-12,135	-12,277
Interest & Investment Income	659.77	797.82	970.52	641.81	297.27	431.6
Earnings From Equity Investments	0.67	0.59	0.88	-0.29	-0.41	-55.85
Currency Exchange Gain (Loss)	-1.68	-0.62	-1.72	35.06	15.57	-0.67
Other Non Operating Income (Expenses)	10,401	1,845	4.37	-554.86	-113.3	735.01
EBT Excluding Unusual Items	8,472	1,153	7,699	10,339	11,400	5,140
Gain (Loss) on Sale of Assets	-24.08	-16.91	91.06	-185.81	168.27	-77.7
Asset Writedown	-16,463	-16,463	-	-	-	-
Pretax Income	-8,016	-15,327	7,790	10,153	11,568	5,062
Income Tax Expense	1,715	4,307	2,575	-1,753	2,879	1,260
Earnings From Continuing Operations	-9,731	-19,634	5,215	11,906	8,689	3,803
Net Income to Company	-9,731	-19,634	5,215	11,906	8,689	3,803
Minority Interest in Earnings	8,471	16,524	-544.47	-6,921	-2,778	3,023
Net Income	-1,260	-3,110	4,670	4,985	5,911	6,826
Net Income to Common	-1,260	-3,110	4,670	4,985	5,911	6,826
Net Income Growth	-	-	-6.32%	-15.66%	-13.40%	-
Shares Outstanding (Basic)	6	6	7	7	7	7
Shares Outstanding (Diluted)	6	6	7	7	7	7
Shares Change (YoY)	-1.33%	-0.47%	-	-	-	-2.25%
EPS (Basic)	-196.12	-480.15	717.55	765.95	908.15	1048.71
EPS (Diluted)	-196.12	-480.15	717.55	765.95	908.15	1048.71
EPS Growth	-	-	-6.32%	-15.66%	-13.40%	-
Free Cash Flow	14,367	11,007	15,117	11,410	20,181	14,346
Free Cash Flow Per Share	2236.38	1699.27	2322.66	1753.13	3100.64	2204.19
Dividend Per Share	250.000	250.000	250.000	250.000	350.000	350.000
Dividend Growth	-	-	-	-28.57%	-	-
Gross Margin	36.60%	37.29%	38.65%	38.97%	42.64%	36.54%
Operating Margin	7.81%	9.94%	17.93%	19.80%	22.86%	17.23%
Profit Margin	-1.27%	-3.10%	4.43%	4.50%	5.79%	7.21%
Free Cash Flow Margin	14.49%	10.96%	14.33%	10.30%	19.77%	15.16%
EBITDA	21,594	24,617	33,184	36,450	38,188	31,359
EBITDA Margin	21.78%	24.51%	31.46%	32.92%	37.41%	33.13%
D&A For EBITDA	13,852	14,639	14,266	14,521	14,852	15,052
EBIT	7,742	9,978	18,918	21,929	23,335	16,307
EBIT Margin	7.81%	9.94%	17.93%	19.80%	22.86%	17.23%
Effective Tax Rate	-	-	33.06%	-	24.89%	24.88%
Advertising Expenses	-	19.8	27.8	24.5	40.5	40.8

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