Doosan Fuel Cell 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	521,820	411,784	260,886	312,149	381,412
Revenue Growth (YoY)	86.37%	57.84%	-16.42%	-18.16%	-
Cost of Revenue	500,013	375,622	221,349	267,470	333,211
Gross Profit	21,808	36,162	39,537	44,679	48,202
Selling, General & Admin	35,737	33,020	33,161	34,061	25,838
Operating Expenses	35,977	33,521	36,398	37,457	30,211
Operating Income	-14,169	2,641	3,140	7,222	17,990
Interest Expense	-19,352	-20,143	-17,626	-4,931	-5,042
Interest & Investment Income	3,322	2,469	3,040	3,515	183.31
Earnings From Equity Investments	788.29	764.92	1,328	-406.71	-201.61
Currency Exchange Gain (Loss)	1,003	6,205	1,417	4,281	5,039
Other Non Operating Income (Expenses)	2,358	1,357	-130.72	-6,097	-1,934
EBT Excluding Unusual Items	-26,050	-6,707	-8,831	3,583	16,035
Gain (Loss) on Sale of Investments	108.94	178.98	233.04	-859.28	2,596
Gain (Loss) on Sale of Assets	-1,665	-1,665	695.51	1,552	-1.73
Asset Writedown	-2,030	-2,030	-4,638	-	-
Pretax Income	-29,636	-10,222	-12,541	4,277	18,630
Income Tax Expense	-7,035	252.67	-4,041	412.94	9,934
Net Income	-22,600	-10,475	-8,500	3,864	8,695
Preferred Dividends & Other Adjustments	-4,482	-2,093	-1,698	771.9	1,737
Net Income to Common	-18,119	-8,382	-6,802	3,092	6,958
Net Income Growth	-	-	-	-55.57%	-
Shares Outstanding (Basic)	65	65	65	65	65
Shares Outstanding (Diluted)	65	65	65	65	65
Shares Change (YoY)	15.77%	-	-0.00%	-0.01%	-
EPS (Basic)	-276.70	-128.00	-103.87	47.21	106.25
EPS (Diluted)	-276.70	-128.00	-103.87	47.21	106.25
EPS Growth	-	-	-	-55.56%	-
Free Cash Flow	77,527	32,801	-106,165	-331,472	-174,987
Free Cash Flow Per Share	1183.94	500.91	-1621.27	-5061.80	-2671.97
Gross Margin	4.18%	8.78%	15.15%	14.31%	12.64%
Operating Margin	-2.71%	0.64%	1.20%	2.31%	4.72%
Profit Margin	-3.47%	-2.04%	-2.61%	0.99%	1.82%
Free Cash Flow Margin	14.86%	7.97%	-40.69%	-106.19%	-45.88%
EBITDA	4,019	20,784	18,542	16,932	24,870
EBITDA Margin	0.77%	5.05%	7.11%	5.42%	6.52%
D&A For EBITDA	18,188	18,143	15,403	9,710	6,880
EBIT	-14,169	2,641	3,140	7,222	17,990
EBIT Margin	-2.71%	0.64%	1.20%	2.31%	4.72%
Effective Tax Rate	-	-	-	9.66%	53.33%

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