BAIKSAN Co,. 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	499,843	503,069	495,611	418,804	471,296	362,069
Other Revenue	974.85	1,853	1,347	-1,082	4,599	9,008
Revenue	500,818	504,922	496,958	417,722	475,895	371,077
Revenue Growth	-2.21%	1.60%	18.97%	-12.22%	28.25%	-3.14%
Cost of Revenue	396,161	395,452	368,756	321,877	381,384	303,959
Gross Profit	104,657	109,470	128,201	95,844	94,511	67,118
Selling, General & Admin	51,235	50,597	46,086	38,312	42,324	42,435
Amortization of Goodwill & Intangibles	16.42	17.24	14.88	15.92	16.1	20.14
Other Operating Expenses	758.48	777.6	1,111	1,247	1,459	1,243
Operating Expenses	57,302	55,688	51,537	43,222	44,734	42,831
Operating Income	47,354	53,782	76,665	52,623	49,777	24,287
Interest Expense	-4,395	-4,718	-3,738	-4,278	-3,424	-2,737
Interest & Investment Income	812	922.51	768.19	910.79	402.28	273.51
Earnings From Equity Investments	-2,436	-2,479	-460.98	-659.17	-	-13.54
Currency Exchange Gain (Loss)	2,401	-1,079	8,419	3,378	7,088	4,975
Other Non Operating Income (Expenses)	1,438	1,339	990.6	876.94	975.86	522.43
EBT Excluding Unusual Items	45,175	47,767	82,644	52,851	54,819	27,307
Impairment of Goodwill	-	-	-1,574	-	-	-
Gain (Loss) on Sale of Assets	76.88	185.88	4.57	67.7	344.44	1,981
Asset Writedown	-	-	-	-1,053	-338.26	-39.17
Pretax Income	45,252	47,953	81,074	51,866	54,825	29,249
Income Tax Expense	12,250	14,760	21,197	11,344	9,934	10,115
Earnings From Continuing Operations	33,001	33,193	59,877	40,522	44,892	19,134
Minority Interest in Earnings	174.85	306.94	859.11	755.25	395.5	33.48
Net Income	33,176	33,500	60,737	41,277	45,287	19,168
Net Income to Common	33,176	33,500	60,737	41,277	45,287	19,168
Net Income Growth	-40.58%	-44.84%	47.14%	-8.86%	136.27%	-
Shares Outstanding (Basic)	21	21	22	23	24	24
Shares Outstanding (Diluted)	21	21	22	23	24	24
Shares Change	-3.51%	-3.43%	-4.09%	-5.00%	-0.14%	2.09%
EPS (Basic)	1585.41	1581.29	2771.20	1804.82	1882.12	796.72
EPS (Diluted)	1584.16	1579.00	2764.00	1802.00	1878.00	794.00
EPS Growth	-38.38%	-42.87%	53.39%	-4.05%	136.52%	-

Additional Metrics

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
Free Cash Flow	22,251	27,754	18,951	35,716	23,073	5,467
Free Cash Flow Per Share	1061.94	1307.94	862.50	1558.99	956.77	226.40
Dividend Per Share	450.000	450.000	350.000	300.000	150.000	100.000
Dividend Growth	28.57%	28.57%	16.67%	100.00%	50.00%	0%
Gross Margin	20.90%	21.68%	25.80%	22.95%	19.86%	18.09%
Operating Margin	9.46%	10.65%	15.43%	12.60%	10.46%	6.54%
Profit Margin	6.62%	6.64%	12.22%	9.88%	9.52%	5.17%
Free Cash Flow Margin	4.44%	5.50%	3.81%	8.55%	4.85%	1.47%
EBITDA	55,845	61,970	82,676	58,486	56,167	30,159
EBITDA Margin	11.15%	12.27%	16.64%	14.00%	11.80%	8.13%
D&A For EBITDA	8,490	8,188	6,012	5,863	6,391	5,873
EBIT	47,354	53,782	76,665	52,623	49,777	24,287
EBIT Margin	9.46%	10.65%	15.43%	12.60%	10.46%	6.54%
Effective Tax Rate	27.07%	30.78%	26.15%	21.87%	18.12%	34.58%
Advertising Expenses	-	1,569	1,437	1,058	1,133	1,085