NOROO Paint & Coatings 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
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
Operating Revenue	789,763	793,847	780,367	747,091	730,932	642,935
Other Revenue	0	-	-	-0	-0	-
Revenue	789,763	793,847	780,367	747,091	730,932	642,935
Revenue Growth (YoY)	0.13%	1.73%	4.45%	2.21%	13.69%	-0.70%
Cost of Revenue	630,599	625,538	619,790	613,197	600,549	497,944
Gross Profit	159,165	168,309	160,577	133,893	130,383	144,991
Selling, General & Admin	112,815	109,915	105,657	94,275	98,461	106,771
Research & Development	9,636	8,729	8,095	8,237	443.65	130.42
Amortization of Goodwill & Intangibles	1,337	928.11	989.66	1,070	1,152	1,062
Other Operating Expenses	517.45	476.45	454.54	454.5	464.5	470.12
Operating Expenses	129,256	124,941	118,088	108,175	105,272	112,808
Operating Income	29,909	43,368	42,489	25,718	25,110	32,184
Interest Expense	-1,919	-2,515	-3,462	-3,680	-3,574	-4,047
Interest & Investment Income	1,609	2,046	2,043	801.29	503.5	449.82
Earnings From Equity Investments	975.97	653.03	1,896	1,762	-591.76	534.64
Currency Exchange Gain (Loss)	952.75	2,513	1,070	394.7	2,001	-1,674
Other Non Operating Income (Expenses)	170.32	47.54	-252.94	-390.03	139.91	427.01
EBT Excluding Unusual Items	31,698	46,112	43,783	24,606	23,589	27,874
Gain (Loss) on Sale of Investments	0.49	120.49	-1,130	1,136	-117.87	-
Gain (Loss) on Sale of Assets	132.24	-24.84	-86.11	364.21	1,055	-147.15
Asset Writedown	-120.94	-120.94	-4,785	-7,921	-507.1	-
Pretax Income	31,710	46,087	37,781	18,185	24,019	27,727
Income Tax Expense	11,811	10,268	7,587	6,158	9,573	9,745
Earnings From Continuing Operations	19,899	35,819	30,194	12,027	14,446	17,981
Earnings From Discontinued Operations	-168.96	-653.05	-2,327	-478.7	-	-
Net Income	19,730	35,166	27,867	11,548	14,446	17,981
Preferred Dividends & Other Adjustments	1,186	798.15	-	-	-	-
Net Income to Common	18,544	34,368	27,867	11,548	14,446	17,981
Net Income Growth	-31.31%	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
Shares Change (YoY)	0.15%	-	-	-	-	-
EPS (Basic)	906.19	1679.50	1361.79	564.34	705.94	878.73
EPS (Diluted)	906.19	1679.50	1361.79	564.34	705.94	878.73
EPS Growth	-35.54%	23.33%	141.30%	-20.06%	-19.66%	-4.86%
Free Cash Flow	8,300	33,931	48,831	28,470	13,858	26,223
Free Cash Flow Per Share	405.58	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	20.15%	21.20%	20.58%	17.92%	17.84%	22.55%
Operating Margin	3.79%	5.46%	5.45%	3.44%	3.44%	5.01%
Profit Margin	2.35%	4.33%	3.57%	1.55%	1.98%	2.80%
Free Cash Flow Margin	1.05%	4.27%	6.26%	3.81%	1.90%	4.08%
EBITDA	44,825	57,790	57,321	40,667	40,078	47,608
EBITDA Margin	5.68%	7.28%	7.34%	5.44%	5.48%	7.41%
D&A For EBITDA	14,916	14,422	14,832	14,949	14,967	15,425
EBIT	29,909	43,368	42,489	25,718	25,110	32,184
EBIT Margin	3.79%	5.46%	5.45%	3.44%	3.44%	5.01%
Effective Tax Rate	37.25%	22.28%	20.08%	33.87%	39.86%	35.15%
Advertising Expenses	-	3,744	4,136	3,502	2,472	4,791

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