CHOSUN WELDING POHANG 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	51,762	50,908	66,614	66,976	68,156
Other Revenue	-	-0	-	-	-
Revenue	51,762	50,908	66,614	66,976	68,156
Revenue Growth (YoY)	1.68%	-23.58%	-0.54%	-1.73%	14.51%
Cost of Revenue	37,375	36,326	49,708	51,169	47,949
Gross Profit	14,386	14,583	16,906	15,807	20,207
Selling, General & Admin	4,996	5,004	5,546	5,622	5,351
Research & Development	11.15	8.55	10.64	6.17	7.5
Amortization of Goodwill & Intangibles	-	-	0.2	0.8	0.8
Other Operating Expenses	46.52	55.47	62	58.04	66.26
Operating Expenses	6,600	5,899	6,326	6,372	6,070
Operating Income	7,786	8,683	10,581	9,435	14,137
Interest Expense	-49.18	-35.53	-30.39	-12.87	-10.61
Interest & Investment Income	3,614	4,411	4,175	2,694	1,185
Currency Exchange Gain (Loss)	-1,392	5,573	557.1	2,289	2,849
Other Non Operating Income (Expenses)	857.99	-130.48	27.97	-0.24	-3.74
EBT Excluding Unusual Items	10,817	18,501	15,310	14,405	18,157
Gain (Loss) on Sale of Investments	1,107	2,037	933.85	-1,231	-46.59
Gain (Loss) on Sale of Assets	-	-	4.53	0.09	46.38
Pretax Income	11,924	20,538	16,249	13,175	18,157
Income Tax Expense	2,548	4,263	3,243	2,653	3,613
Net Income	9,376	16,275	13,005	10,522	14,543
Net Income to Common	9,376	16,275	13,005	10,522	14,543
Net Income Growth	-42.39%	25.14%	23.60%	-27.65%	58.16%
Shares Outstanding (Basic)	-	1	1	1	1
Shares Outstanding (Diluted)	-	1	1	1	1
Shares Change (YoY)	-	-2.45%	-0.37%	-2.05%	-1.63%
EPS (Basic)	-	16589.93	12932.59	10424.95	14113.59
EPS (Diluted)	-	16589.93	12932.59	10424.95	14113.59
EPS Growth	-	28.28%	24.05%	-26.14%	60.78%
Free Cash Flow	8,462	11,359	21,067	5,805	9,555
Free Cash Flow Per Share	-	11578.66	20949.44	5750.91	9272.22
Gross Margin	27.79%	28.64%	25.38%	23.60%	29.65%
Operating Margin	15.04%	17.06%	15.88%	14.09%	20.74%
Profit Margin	18.12%	31.97%	19.52%	15.71%	21.34%
Free Cash Flow Margin	16.35%	22.31%	31.63%	8.67%	14.02%
EBITDA	9,778	10,021	11,927	10,846	15,606
EBITDA Margin	18.89%	19.68%	17.90%	16.20%	22.90%
D&A For EBITDA	1,992	1,337	1,346	1,411	1,469
EBIT	7,786	8,683	10,581	9,435	14,137
EBIT Margin	15.04%	17.06%	15.88%	14.09%	20.74%
Effective Tax Rate	21.37%	20.76%	19.96%	20.13%	19.90%
Advertising Expenses	4.8	7.32	5.8	8.64	6.4

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