The Born Korea (KRX:475560)

The Born Korea Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	427,789	464,151	410,658	282,177	194,148	150,722
Revenue Growth (YoY)	-3.05%	13.03%	45.53%	45.34%	28.81%	8.40%
Cost of Revenue	305,596	309,630	272,355	172,773	110,951	81,179
Gross Profit	122,193	154,522	138,303	109,403	83,197	69,543
Selling, General & Admin	109,833	109,039	103,398	71,160	53,070	49,572
Research & Development	0.33	0.33	1.1	0.79	8.63	1.58
Other Operating Expenses	2,316	2,495	1,815	1,725	1,478	1,316
Operating Expenses	118,230	118,498	112,701	83,643	63,995	62,397
Operating Income	3,964	36,024	25,602	25,760	19,201	7,145
Interest Expense	-395.61	-469.49	-618.72	-559.2	-658.19	-951.71
Interest & Investment Income	5,634	3,825	2,282	881.49	537.01	504.93
Earnings From Equity Investments	23.7	-41.08	-178.91	139.64	-1.3	-386.66
Currency Exchange Gain (Loss)	-312.91	1,007	-5.43	89.83	210.83	-160.01
Other Non Operating Income (Expenses)	-140.87	320.16	676.05	121.97	187.12	1,410
EBT Excluding Unusual Items	8,772	40,665	27,757	26,434	19,477	7,562
Gain (Loss) on Sale of Investments	-1,042	-	-	-	-217.53	217.53
Gain (Loss) on Sale of Assets	-908.23	-248.53	317.54	-141.59	-823.63	-148.74
Asset Writedown	-2,192	-1,135	-109.82	-5,695	-4,368	-
Pretax Income	4,630	39,282	27,965	20,597	14,067	7,631
Income Tax Expense	4,125	8,289	7,050	4,638	2,420	-80.16
Earnings From Continuing Operations	504.87	30,993	20,915	15,960	11,647	7,711
Minority Interest in Earnings	37.84	62.84	149.58	185.61	62.9	138.37
Net Income	542.71	31,055	21,064	16,145	11,710	7,849
Net Income to Common	542.71	31,055	21,064	16,145	11,710	7,849
Net Income Growth	-97.91%	47.43%	30.47%	37.88%	49.19%	0.71%
Shares Outstanding (Basic)	14	12	11	11	4	4
Shares Outstanding (Diluted)	14	13	11	11	4	4
Shares Change (YoY)	24.30%	10.08%	-	200.00%	-	-
EPS (Basic)	39.90	2593.15	1837.11	1408.09	3063.78	2053.67
EPS (Diluted)	37.79	2460.00	1837.00	1408.09	3063.78	2053.67
EPS Growth	-98.33%	33.91%	30.46%	-54.04%	49.19%	0.71%
Free Cash Flow	5,914	41,642	27,097	34,093	27,113	9,516
Free Cash Flow Per Share	415.08	3299.02	2363.22	2973.43	7093.92	2489.74
Dividend Per Share	300.000	300.000	-	-	-	-
Gross Margin	28.56%	33.29%	33.68%	38.77%	42.85%	46.14%
Operating Margin	0.93%	7.76%	6.23%	9.13%	9.89%	4.74%
Profit Margin	0.13%	6.69%	5.13%	5.72%	6.03%	5.21%
Free Cash Flow Margin	1.38%	8.97%	6.60%	12.08%	13.96%	6.31%
EBITDA	11,308	44,267	34,371	35,515	29,542	18,446
EBITDA Margin	2.64%	9.54%	8.37%	12.59%	15.22%	12.24%
D&A For EBITDA	7,344	8,243	8,769	9,755	10,341	11,301
EBIT	3,964	36,024	25,602	25,760	19,201	7,145
EBIT Margin	0.93%	7.76%	6.23%	9.13%	9.89%	4.74%
Effective Tax Rate	89.09%	21.10%	25.21%	22.52%	17.21%	-
Advertising Expenses	-	5,102	7,837	4,608	1,772	1,623

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