Hojeon Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	520,878	463,973	441,549	480,000	344,868
Other Revenue	-0	-	-	-	-
Revenue	520,878	463,973	441,549	480,000	344,868
Revenue Growth (YoY)	12.26%	5.08%	-8.01%	39.18%	17.89%
Cost of Revenue	432,408	377,187	355,384	385,164	279,307
Gross Profit	88,469	86,786	86,164	94,836	65,561
Selling, General & Admin	57,414	51,175	44,360	47,144	40,522
Research & Development	108.77	110.7	42.29	540.39	1,142
Amortization of Goodwill & Intangibles	273.73	213.2	104.48	112.2	156.09
Other Operating Expenses	2,405	3,951	2,841	2,025	1,339
Operating Expenses	63,448	57,863	51,546	56,497	44,941
Operating Income	25,022	28,923	34,618	38,339	20,619
Interest Expense	-11,246	-11,345	-12,854	-9,253	-6,611
Interest & Investment Income	1,773	1,840	1,829	729.37	249.25
Earnings From Equity Investments	-	55.48	-	-	-
Currency Exchange Gain (Loss)	586.79	13,677	164.97	9,209	5,134
Other Non Operating Income (Expenses)	833.22	1,021	868.52	-146.82	510.85
EBT Excluding Unusual Items	16,968	34,171	24,627	38,877	19,903
Gain (Loss) on Sale of Investments	-	-	-	-115.67	-9.33
Gain (Loss) on Sale of Assets	248.29	-25.19	-374.05	36.53	9.33
Asset Writedown	-9.5	-5	-1,213	2.5	11.5
Pretax Income	17,207	34,141	23,039	38,801	19,914
Income Tax Expense	5,911	10,973	5,848	12,034	8,131
Earnings From Continuing Operations	11,296	23,168	17,191	26,767	11,783
Minority Interest in Earnings	1,187	340.43	51.93	215.15	-8.96
Net Income	12,483	23,508	17,243	26,982	11,774
Net Income to Common	12,483	23,508	17,243	26,982	11,774
Net Income Growth	-46.90%	36.33%	-36.09%	129.16%	-
Shares Outstanding (Basic)	9	9	9	9	8
Shares Outstanding (Diluted)	9	10	12	13	11
Shares Change (YoY)	-7.36%	-14.66%	-7.73%	13.76%	50.50%
EPS (Basic)	1416.00	2560.00	1863.64	2931.66	1516.91
EPS (Diluted)	1332.00	2324.00	1586.48	2243.28	1230.83
EPS Growth	-42.69%	46.49%	-29.28%	82.26%	-
Free Cash Flow	8,606	-22,443	9,977	19,405	9,544
Free Cash Flow Per Share	918.30	-2218.64	841.79	1510.56	845.17
Dividend Per Share	-	-	300.000	300.000	250.000
Dividend Growth	-	-	-	20.00%	25.00%
Gross Margin	16.98%	18.70%	19.51%	19.76%	19.01%
Operating Margin	4.80%	6.23%	7.84%	7.99%	5.98%
Profit Margin	2.40%	5.07%	3.91%	5.62%	3.41%
Free Cash Flow Margin	1.65%	-4.84%	2.26%	4.04%	2.77%
EBITDA	35,202	38,031	42,714	45,851	26,966
EBITDA Margin	6.76%	8.20%	9.67%	9.55%	7.82%
D&A For EBITDA	10,180	9,109	8,095	7,512	6,346
EBIT	25,022	28,923	34,618	38,339	20,619
EBIT Margin	4.80%	6.23%	7.84%	7.99%	5.98%
Effective Tax Rate	34.35%	32.14%	25.38%	31.01%	40.83%
Advertising Expenses	295.6	1.42	30.7	26.86	15.13

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