LIG Defense&Aerospace 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	Jun '26 Jun 30, 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	4,731,913	4,306,936	3,276,340	2,308,571	2,220,752	1,822,194
Other Revenue	-	-	-0	-0	-	-0
Revenue	4,731,913	4,306,936	3,276,340	2,308,571	2,220,752	1,822,194
Revenue Growth	25.81%	31.46%	41.92%	3.95%	21.87%	13.86%
Cost of Revenue	3,923,678	3,644,163	2,823,712	1,961,779	1,894,210	1,590,624
Gross Profit	808,236	662,773	452,627	346,792	326,542	231,570
Selling, General & Admin	248,856	222,495	178,858	118,879	107,508	95,512
Research & Development	118,582	89,658	33,538	32,895	34,134	34,469
Amortization of Goodwill & Intangibles	17,426	16,552	6,763	390.06	384.73	390.59
Operating Expenses	402,776	342,890	229,235	160,411	147,430	134,369
Operating Income	405,460	319,884	223,392	186,382	179,112	97,201
Interest Expense	-32,359	-12,616	-11,967	-9,663	-13,222	-13,982
Interest & Investment Income	4,458	5,019	10,420	3,892	10,174	2,391
Earnings From Equity Investments	1,271	868.28	68.9	101.11	-28,739	3,103
Currency Exchange Gain (Loss)	24,026	2,352	36,699	9,478	10,818	31,432
Other Non Operating Income (Expenses)	12,276	47,196	-71,120	-1,807	-9,815	2,774
EBT Excluding Unusual Items	415,132	362,703	187,493	188,382	148,329	122,918
Gain (Loss) on Sale of Investments	-3,413	-3,362	15,684	-476.32	9,373	6,841
Gain (Loss) on Sale of Assets	212.32	252.76	61.65	-1,038	70.59	22.57
Asset Writedown	-81,158	-81,158	-	-1,865	-	-656.74
Pretax Income	330,774	278,436	203,239	185,002	157,772	129,125
Income Tax Expense	63,147	40,956	-9,514	10,040	34,832	24,069
Earnings From Continuing Operations	267,628	237,480	212,753	174,962	122,940	105,056
Minority Interest in Earnings	18,852	15,876	6,682	-	-	-
Net Income	286,479	253,356	219,435	174,962	122,940	105,056
Net Income to Common	286,479	253,356	219,435	174,962	122,940	105,056
Net Income Growth	-5.33%	15.46%	25.42%	42.32%	17.02%	81.50%
Shares Outstanding (Basic)	22	22	22	22	22	22
Shares Outstanding (Diluted)	22	22	22	22	22	22
Shares Change	0.18%	0.18%	-	-	0.18%	0.14%
EPS (Basic)	13113.98	11604.42	10068.41	8027.86	5640.89	4828.78
EPS (Diluted)	13113.98	11604.42	10068.41	8027.86	5640.89	4828.78
EPS Growth	-5.50%	15.26%	25.42%	42.32%	16.82%	81.26%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	-1,288,074	-754,085	454,962	407,874	410,639	103,006
Free Cash Flow Per Share	-58963.28	-34539.23	20875.24	18714.65	18841.53	4734.55
Dividend Per Share	2950.000	2950.000	-	-	-	-
Dividend Growth	-	227.78%	-	-	-	-
Gross Margin	17.08%	15.39%	13.81%	15.02%	14.70%	12.71%
Operating Margin	8.57%	7.43%	6.82%	8.07%	8.06%	5.33%
Profit Margin	6.05%	5.88%	6.70%	7.58%	5.54%	5.76%
Free Cash Flow Margin	-27.22%	-17.51%	13.89%	17.67%	18.49%	5.65%
EBITDA	554,850	444,027	309,065	255,208	232,790	154,347
EBITDA Margin	11.73%	10.31%	9.43%	11.05%	10.48%	8.47%
D&A For EBITDA	149,390	124,143	85,673	68,826	53,678	57,146
EBIT	405,460	319,884	223,392	186,382	179,112	97,201
EBIT Margin	8.57%	7.43%	6.82%	8.07%	8.06%	5.33%
Effective Tax Rate	19.09%	14.71%	-	5.43%	22.08%	18.64%
Advertising Expenses	-	17,898	11,483	10,021	7,768	6,551