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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	466,916	464,151	410,658	282,177	194,148	150,722
Revenue Growth (YoY)	10.31%	13.03%	45.53%	45.34%	28.81%	8.40%
Cost of Revenue	312,885	309,630	272,355	172,773	110,951	81,179
Gross Profit	154,030	154,522	138,303	109,403	83,197	69,543
Selling, General & Admin	108,614	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	2,584	2,495	1,815	1,725	1,478	1,316
Operating Expenses	117,624	118,498	112,701	83,643	63,995	62,397
Operating Income	36,406	36,024	25,602	25,760	19,201	7,145
Interest Expense	-427.95	-469.49	-618.72	-559.2	-658.19	-951.71
Interest & Investment Income	5,226	3,825	2,282	881.49	537.01	504.93
Earnings From Equity Investments	6.55	-41.08	-178.91	139.64	-1.3	-386.66
Currency Exchange Gain (Loss)	613.35	1,007	-5.43	89.83	210.83	-160.01
Other Non Operating Income (Expenses)	254.53	320.16	676.05	121.97	187.12	1,410
EBT Excluding Unusual Items	42,079	40,665	27,757	26,434	19,477	7,562
Gain (Loss) on Sale of Investments	-	-	-	-	-217.53	217.53
Gain (Loss) on Sale of Assets	-174.12	-248.53	317.54	-141.59	-823.63	-148.74
Asset Writedown	-1,012	-1,135	-109.82	-5,695	-4,368	-
Pretax Income	40,892	39,282	27,965	20,597	14,067	7,631
Income Tax Expense	8,499	8,289	7,050	4,638	2,420	-80.16
Earnings From Continuing Operations	32,393	30,993	20,915	15,960	11,647	7,711
Minority Interest in Earnings	54.58	62.84	149.58	185.61	62.9	138.37
Net Income	32,448	31,055	21,064	16,145	11,710	7,849
Net Income to Common	32,448	31,055	21,064	16,145	11,710	7,849
Net Income Growth	48.06%	47.43%	30.47%	37.88%	49.19%	0.71%
Shares Outstanding (Basic)	13	12	11	11	4	4
Shares Outstanding (Diluted)	14	13	11	11	4	4
Shares Change (YoY)	18.43%	10.08%	-	200.00%	-	-
EPS (Basic)	2538.23	2593.15	1837.11	1408.09	3063.78	2053.67
EPS (Diluted)	2388.88	2460.00	1837.00	1408.09	3063.78	2053.67
EPS Growth	25.01%	33.91%	30.46%	-54.04%	49.19%	0.71%
Free Cash Flow	31,330	41,642	27,097	34,093	27,113	9,516
Free Cash Flow Per Share	2306.89	3299.02	2363.22	2973.43	7093.92	2489.74
Dividend Per Share	300.000	300.000	-	-	-	-
Gross Margin	32.99%	33.29%	33.68%	38.77%	42.85%	46.14%
Operating Margin	7.80%	7.76%	6.23%	9.13%	9.89%	4.74%
Profit Margin	6.95%	6.69%	5.13%	5.72%	6.03%	5.21%
Free Cash Flow Margin	6.71%	8.97%	6.60%	12.08%	13.96%	6.31%
EBITDA	43,983	44,267	34,371	35,515	29,542	18,446
EBITDA Margin	9.42%	9.54%	8.37%	12.59%	15.22%	12.24%
D&A For EBITDA	7,576	8,243	8,769	9,755	10,341	11,301
EBIT	36,406	36,024	25,602	25,760	19,201	7,145
EBIT Margin	7.80%	7.76%	6.23%	9.13%	9.89%	4.74%
Effective Tax Rate	20.78%	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.