Chosun Refractories 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	532,033	500,640	558,734
Other Revenue	-	-	-0
Revenue	532,033	500,640	558,734
Revenue Growth (YoY)	6.27%	-10.40%	-
Cost of Revenue	464,414	437,929	442,590
Gross Profit	67,619	62,711	116,143
Selling, General & Admin	37,527	41,547	44,527
Research & Development	3,640	1,739	1,956
Amortization of Goodwill & Intangibles	230.3	315.85	305.51
Other Operating Expenses	839.58	280.04	1,768
Operating Expenses	43,759	42,692	52,440
Operating Income	23,860	20,019	63,704
Interest Expense	-9,557	-8,621	-4,176
Interest & Investment Income	3,629	1,005	411.14
Earnings From Equity Investments	-1,804	-12,721	961.88
Currency Exchange Gain (Loss)	-117.14	783.54	-323.05
Other Non Operating Income (Expenses)	1,689	2,327	728.33
EBT Excluding Unusual Items	17,700	2,793	61,306
Gain (Loss) on Sale of Investments	-13,588	619.51	-32.34
Gain (Loss) on Sale of Assets	17.16	25.12	-489.76
Pretax Income	4,129	3,437	60,784
Income Tax Expense	1,026	2,150	12,497
Earnings From Continuing Operations	3,103	1,287	48,287
Minority Interest in Earnings	-880.28	-816.15	-1,120
Net Income	2,223	471.09	47,167
Net Income to Common	2,223	471.09	47,167
Net Income Growth	371.88%	-99.00%	-
Shares Outstanding (Basic)	12	12	12
Shares Outstanding (Diluted)	12	12	12
Shares Change (YoY)	0.61%	-0.61%	-
EPS (Basic)	187.61	40.00	3980.32
EPS (Diluted)	187.61	40.00	3980.00
EPS Growth	369.02%	-99.00%	-
Free Cash Flow	-3,902	38,287	-12,039
Free Cash Flow Per Share	-329.33	3250.94	-1015.91
Dividend Per Share	-	-	1600.000
Gross Margin	12.71%	12.53%	20.79%
Operating Margin	4.49%	4.00%	11.40%
Profit Margin	0.42%	0.09%	8.44%
Free Cash Flow Margin	-0.73%	7.65%	-2.15%
EBITDA	34,982	32,052	75,596
EBITDA Margin	6.58%	6.40%	13.53%
D&A For EBITDA	11,122	12,033	11,892
EBIT	23,860	20,019	63,704
EBIT Margin	4.49%	4.00%	11.40%
Effective Tax Rate	24.85%	62.55%	20.56%

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