Hyosung Heavy Industries 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	6,412,279	5,968,512	4,894,980	4,300,572	3,510,144	3,094,699
Other Revenue	-	-	-0	-0	-	-
Revenue	6,412,279	5,968,512	4,894,980	4,300,572	3,510,144	3,094,699
Revenue Growth	20.57%	21.93%	13.82%	22.52%	13.42%	3.71%
Cost of Revenue	5,005,982	4,715,860	4,103,207	3,663,029	3,075,122	2,690,410
Gross Profit	1,406,297	1,252,652	791,772	637,543	435,022	404,289
Selling, General & Admin	389,569	355,976	340,399	284,068	210,510	220,396
Research & Development	63,497	53,641	44,502	42,996	38,748	33,499
Amortization of Goodwill & Intangibles	4,979	5,005	5,409	22,688	22,579	19,799
Other Operating Expenses	11,240	10,236	10,723	9,991	8,600	8,365
Operating Expenses	585,706	566,504	487,596	377,094	298,042	300,976
Operating Income	820,591	686,147	304,176	260,449	136,981	103,313
Interest Expense	-48,199	-58,938	-89,113	-92,423	-58,502	-40,305
Interest & Investment Income	53,167	38,473	63,138	12,424	5,519	6,188
Earnings From Equity Investments	-8,174	-3,471	-1,617	-2,862	-1,747	-1,032
Currency Exchange Gain (Loss)	7,321	-11,097	18,736	-7,018	-23,290	1,378
Other Non Operating Income (Expenses)	-78,706	-61,350	-69,875	-1,808	6,387	29,325
EBT Excluding Unusual Items	746,001	589,764	225,446	168,762	65,349	98,867
Gain (Loss) on Sale of Investments	12,245	11,401	-5,484	519	-601	-909
Gain (Loss) on Sale of Assets	-3,968	24,625	3,673	300	517	666
Asset Writedown	-	-	-	83	-5,423	-4,267
Pretax Income	754,278	625,790	223,635	169,664	59,842	94,357
Income Tax Expense	179,349	122,953	705.5	37,741	30,712	17,841
Earnings From Continuing Operations	574,928	502,838	222,929	131,922	29,130	76,517
Minority Interest in Earnings	10,130	17,056	-296.13	-15,940	-18,914	-18,909
Net Income	585,058	519,894	222,633	115,982	10,216	57,607
Net Income to Common	585,058	519,894	222,633	115,982	10,216	57,607
Net Income Growth	62.67%	133.52%	91.95%	1035.35%	-82.27%	-
Shares Outstanding (Basic)	9	9	9	9	9	9
Shares Outstanding (Diluted)	9	9	9	9	9	9
Shares Change	0.01%	-	-	-	-	-
EPS (Basic)	62829.98	55832.06	23908.88	12455.48	1097.06	6186.53
EPS (Diluted)	62829.98	55832.06	23908.88	12455.48	1097.06	6186.53
EPS Growth	62.67%	133.52%	91.95%	1035.35%	-82.27%	-

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	513,428	316,625	328,046	422,379	-161,170	61,242
Free Cash Flow Per Share	55137.54	34002.75	35229.32	45359.80	-17308.24	6576.85
Dividend Per Share	7500.000	7500.000	-	-	-	-
Dividend Growth	-	-	-	-	-	-
Gross Margin	21.93%	20.99%	16.18%	14.82%	12.39%	13.06%
Operating Margin	12.80%	11.50%	6.21%	6.06%	3.90%	3.34%
Profit Margin	9.12%	8.71%	4.55%	2.70%	0.29%	1.86%
Free Cash Flow Margin	8.01%	5.30%	6.70%	9.82%	-4.59%	1.98%
EBITDA	914,530	772,107	377,043	345,446	219,234	173,851
EBITDA Margin	14.26%	12.94%	7.70%	8.03%	6.25%	5.62%
D&A For EBITDA	93,939	85,960	72,867	84,997	82,253	70,538
EBIT	820,591	686,147	304,176	260,449	136,981	103,313
EBIT Margin	12.80%	11.50%	6.21%	6.06%	3.90%	3.34%
Effective Tax Rate	23.78%	19.65%	0.32%	22.25%	51.32%	18.91%
Advertising Expenses	-	6,461	4,155	1,814	2,340	1,600