Hyundai Rotem Company Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	5,654,179	4,376,598	3,587,382	3,163,344	2,872,512	2,785,326	Upgrade
Revenue Growth (YoY)	44.05%	22.00%	13.41%	10.13%	3.13%	13.26%	Upgrade
Cost of Revenue	4,321,690	3,547,550	3,122,984	2,797,912	2,619,727	2,540,824	Upgrade
Gross Profit	1,332,489	829,048	464,398	365,432	252,785	244,502	Upgrade
Selling, General & Admin	338,768	296,567	186,176	180,939	132,289	116,779	Upgrade
Research & Development	44,620	31,701	28,943	18,283	21,563	12,716	Upgrade
Amortization of Goodwill & Intangibles	18,205	14,439	12,544	12,824	12,936	14,487	Upgrade
Other Operating Expenses	4,667	3,567	2,491	1,931	1,574	1,768	Upgrade
Operating Expenses	432,818	372,482	254,352	217,945	172,567	162,441	Upgrade
Operating Income	899,670	456,566	210,047	147,487	80,218	82,061	Upgrade
Interest Expense	-10,310	-16,622	-28,873	-41,165	-32,010	-35,977	Upgrade
Interest & Investment Income	30,835	28,210	29,368	9,022	4,641	3,238	Upgrade
Earnings From Equity Investments	-92.52	-106.62	601.41	-146.54	-147.37	10,582	Upgrade
Currency Exchange Gain (Loss)	4,876	17,689	-19,208	-11,468	-13,162	-64,331	Upgrade
Other Non Operating Income (Expenses)	-29,415	25,362	-11,421	-184.71	-4,852	9,085	Upgrade
EBT Excluding Unusual Items	895,564	511,099	180,514	103,543	34,687	4,659	Upgrade
Gain (Loss) on Sale of Investments	-774.17	-1,254	187.76	-7.49	651.36	-759.06	Upgrade
Gain (Loss) on Sale of Assets	12,353	-284.02	139.44	360.8	-52.63	19,814	Upgrade
Asset Writedown	-	-	-	-16	-4.33	-8,449	Upgrade
Other Unusual Items	-	-	-	-	-	-246.25	Upgrade
Pretax Income	907,142	509,561	180,841	103,881	35,282	15,019	Upgrade
Income Tax Expense	217,061	104,302	24,062	-90,654	-16,130	-7,391	Upgrade
Earnings From Continuing Operations	690,082	405,259	156,779	194,534	51,412	22,409	Upgrade
Minority Interest in Earnings	2,576	1,632	4,249	3,263	15,097	8,612	Upgrade
Net Income	692,658	406,892	161,028	197,798	66,508	31,021	Upgrade
Net Income to Common	692,658	406,892	161,028	197,798	66,508	31,021	Upgrade
Net Income Growth	124.41%	152.68%	-18.59%	197.40%	114.39%	-	Upgrade
Shares Outstanding (Basic)	109	109	109	109	109	95	Upgrade
Shares Outstanding (Diluted)	109	109	109	109	109	95	Upgrade
Shares Change (YoY)	-0.00%	-	-	-	14.54%	12.10%	Upgrade
EPS (Basic)	6346.21	3728.09	1475.39	1812.29	609.37	325.56	Upgrade
EPS (Diluted)	6346.21	3728.09	1475.39	1812.29	609.00	325.56	Upgrade
EPS Growth	124.41%	152.68%	-18.59%	197.59%	87.06%	-	Upgrade
Free Cash Flow	751,512	61,464	679,515	683,758	-106,865	25,874	Upgrade
Free Cash Flow Per Share	6885.44	563.16	6225.96	6264.84	-979.13	271.54	Upgrade
Dividend Per Share	200.000	200.000	-	-	-	-	Upgrade
Gross Margin	23.57%	18.94%	12.95%	11.55%	8.80%	8.78%	Upgrade
Operating Margin	15.91%	10.43%	5.85%	4.66%	2.79%	2.95%	Upgrade
Profit Margin	12.25%	9.30%	4.49%	6.25%	2.31%	1.11%	Upgrade
Free Cash Flow Margin	13.29%	1.40%	18.94%	21.62%	-3.72%	0.93%	Upgrade
EBITDA	955,734	503,574	249,977	185,799	115,291	126,262	Upgrade
EBITDA Margin	16.90%	11.51%	6.97%	5.87%	4.01%	4.53%	Upgrade
D&A For EBITDA	56,064	47,008	39,931	38,312	35,073	44,200	Upgrade
EBIT	899,670	456,566	210,047	147,487	80,218	82,061	Upgrade
EBIT Margin	15.91%	10.43%	5.85%	4.66%	2.79%	2.95%	Upgrade
Effective Tax Rate	23.93%	20.47%	13.31%	-	-	-	Upgrade
Advertising Expenses	-	22,707	14,316	8,416	11,201	4,925	Upgrade

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