NOROO PAINT & COATINGS Co., Ltd. (KRX:090350)

NOROO PAINT & COATINGS 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	788,264	793,847	780,367	747,091	730,932	642,935
Other Revenue	-	-	-	-0	-0	-
Revenue	788,264	793,847	780,367	747,091	730,932	642,935
Revenue Growth (YoY)	-0.09%	1.73%	4.45%	2.21%	13.69%	-0.70%
Cost of Revenue	627,370	625,538	619,790	613,197	600,549	497,944
Gross Profit	160,893	168,309	160,577	133,893	130,383	144,991
Selling, General & Admin	110,470	109,915	105,657	94,275	98,461	106,771
Research & Development	9,543	8,729	8,095	8,237	443.65	130.42
Amortization of Goodwill & Intangibles	1,090	928.11	989.66	1,070	1,152	1,062
Other Operating Expenses	483.02	476.45	454.54	454.5	464.5	470.12
Operating Expenses	125,646	124,941	118,088	108,175	105,272	112,808
Operating Income	35,247	43,368	42,489	25,718	25,110	32,184
Interest Expense	-2,064	-2,515	-3,462	-3,680	-3,574	-4,047
Interest & Investment Income	1,738	2,046	2,043	801.29	503.5	449.82
Earnings From Equity Investments	142.24	653.03	1,896	1,762	-591.76	534.64
Currency Exchange Gain (Loss)	-450.36	2,513	1,070	394.7	2,001	-1,674
Other Non Operating Income (Expenses)	319.95	47.54	-252.94	-390.03	139.91	427.01
EBT Excluding Unusual Items	34,933	46,112	43,783	24,606	23,589	27,874
Gain (Loss) on Sale of Investments	135.49	120.49	-1,130	1,136	-117.87	-
Gain (Loss) on Sale of Assets	-26.32	-24.84	-86.11	364.21	1,055	-147.15
Asset Writedown	-120.94	-120.94	-4,785	-7,921	-507.1	-
Pretax Income	34,921	46,087	37,781	18,185	24,019	27,727
Income Tax Expense	13,231	10,268	7,587	6,158	9,573	9,745
Earnings From Continuing Operations	21,691	35,819	30,194	12,027	14,446	17,981
Earnings From Discontinued Operations	-167.15	-653.05	-2,327	-478.7	-	-
Net Income	21,523	35,166	27,867	11,548	14,446	17,981
Preferred Dividends & Other Adjustments	1,005	798.15	-	-	-	-
Net Income to Common	20,518	34,368	27,867	11,548	14,446	17,981
Net Income Growth	-28.79%	26.19%	141.30%	-20.06%	-19.66%	-4.86%
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20	20
EPS (Basic)	1002.68	1679.50	1361.79	564.34	705.94	878.73
EPS (Diluted)	1002.68	1679.50	1361.79	564.34	705.94	878.73
EPS Growth	-32.11%	23.33%	141.30%	-20.06%	-19.66%	-4.86%
Free Cash Flow	26,204	33,931	48,831	28,470	13,858	26,223
Free Cash Flow Per Share	1280.54	1658.15	2386.29	1391.26	677.21	1281.47
Dividend Per Share	350.000	350.000	325.000	275.000	275.000	275.000
Dividend Growth	7.69%	7.69%	18.18%	-	-	-
Gross Margin	20.41%	21.20%	20.58%	17.92%	17.84%	22.55%
Operating Margin	4.47%	5.46%	5.45%	3.44%	3.44%	5.01%
Profit Margin	2.60%	4.33%	3.57%	1.55%	1.98%	2.80%
Free Cash Flow Margin	3.32%	4.27%	6.26%	3.81%	1.90%	4.08%
EBITDA	49,770	57,790	57,321	40,667	40,078	47,608
EBITDA Margin	6.31%	7.28%	7.34%	5.44%	5.48%	7.41%
D&A For EBITDA	14,523	14,422	14,832	14,949	14,967	15,425
EBIT	35,247	43,368	42,489	25,718	25,110	32,184
EBIT Margin	4.47%	5.46%	5.45%	3.44%	3.44%	5.01%
Effective Tax Rate	37.89%	22.28%	20.08%	33.87%	39.86%	35.15%
Advertising Expenses	-	3,744	4,136	3,502	2,472	4,791

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.