Income Statement KBG Corp.

Stocks

A318000

KR7318000007

Specialty Chemicals

End-of-day quote Korea S.E. 2026-10-01			5-day change	1st Jan Change
2,765.00 ^KRW	+3.56%		-0.18%	-37.16%

11-05	KBG Corp. announces Annual dividend, payable on April 10, 2026	CI
24-07-10	KBG Corp. completed the acquisition of Aerogel Korea Co. Ltd from TKG Taekwang CO.,LTD.	CI

239b5e3b.R2srBBYof-_BWKDas9FbcYaaTWLKdzLNz6fYJbvxHts.D1p-XGBPSY60LtDq9aQQSND-HxvnJwKqvpSXQdrIS7MlIEZiXFsUh6tt8Q

Published financial data: KBG CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2023 (KRW)	2024 (KRW)	2025 (KRW)
Revenues	21.59B	24.92B	23.92B
Total Revenues	21.59B	24.92B	23.92B
Cost of Goods Sold, Total	14.4B	17.15B	16.81B
Gross Profit	7.19B	7.77B	7.11B
Selling General & Admin Expenses, Total	1.91B	3.01B	2.43B
Provision for Bad Debts	-	5.76M	-370M
R&D Expenses	837M	1.23B	1.35B
Depreciation & Amortization - (IS)	150M	341M	479M
Amortization of Goodwill and Intangible Assets - (IS)	5.18M	92.77M	184M
Other Operating Expenses	-16.94M	-65.64M	40.83M
Other Operating Expenses, Total	2.88B	4.61B	4.11B
Operating Income	4.31B	3.16B	2.99B
Interest Expense, Total	-97.14M	-6.37M	-8.91M
Interest And Investment Income	537M	416M	346M
Net Interest Expenses	440M	409M	337M
Income (Loss) On Equity Invest.	-266K	-220M	20.57M
Currency Exchange Gains (Loss)	106M	160M	72.95M
Other Non Operating Income (Expenses)	274M	861M	2.35M
EBT, Excl. Unusual Items	5.13B	4.37B	3.42B
Gain (Loss) On Sale Of Investments	236M	-86.32M	-208M
Gain (Loss) On Sale Of Assets	1.9M	4.14M	108M
Asset Writedown	-	-	-253M
Other Unusual Items	223M	-	-
EBT, Incl. Unusual Items	5.59B	4.29B	3.07B
Income Tax Expense	1.01B	519M	479M
Earnings From Continuing Operations	4.58B	3.77B	2.59B
Net Income to Company	4.58B	3.77B	2.59B
Net Income - (IS)	4.58B	3.77B	2.59B
Net Income to Common Incl Extra Items	4.58B	3.77B	2.59B
Net Income to Common Excl. Extra Items	4.58B	3.77B	2.59B
Per Share Items
Net EPS - Basic	541.15	432.95	297.93
Basic EPS - Continuing Operations	541.15	432.95	297.93
Basic Weighted Average Shares Outstanding	8.47M	8.7M	8.7M
Net EPS - Diluted	541	432.95	297.93
Diluted EPS - Continuing Operations	541	432.95	297.93
Diluted Weighted Average Shares Outstanding	8.47M	8.7M	8.7M
Normalized Basic EPS	378.56	313.8	246.03
Normalized Diluted EPS	378.56	313.8	246.03
Payout Ratio	18.23	23.1	25.17
Supplemental Items
EBITDA	5.22B	4.43B	4.55B
EBITA	4.32B	3.25B	3.18B
EBIT	4.31B	3.16B	2.99B
EBITDAR	5.23B	4.45B	4.56B
Effective Tax Rate - (Ratio)	18.02	12.12	15.59
Normalized Net Income	3.21B	2.73B	2.14B
Supplemental Operating Expense Items
Advertising Expense	2.06M	9.03M	9.98M
Marketing Expenses	17M	8.38M	4.65M
Selling and Marketing Expenses	369M	730M	462M
General and Administrative Expenses	40.26M	47.2M	38.53M
Research And Development Expense From Footnotes	837M	1.23B	1.35B
Net Rental Expense, Total	15.4M	21.11M	15.4M
Imputed Operating Lease Interest Expense	-	8.44M	7.71M
Imputed Operating Lease Depreciation	-	12.68M	7.69M
Maintenance & Repair Expenses, Total	29.07M	42.85M	24.46M
Stock-Based Comp., SG&A Exp. (Total)	21.17M	5.57M	-
Total Stock-Based Compensation	21.17M	5.57M	-

Fiscal Period: December	2023 (KRW)	2024 (KRW)	2025 (KRW)
Assets
Cash And Equivalents	3.31B	4.71B	3.4B
Short Term Investments	12B	5B	13.45B
Trading Asset Securities, Total	-	1.02B	-
Total Cash And Short Term Investments	15.31B	10.72B	16.85B
Accounts Receivable, Total	5.03B	6.97B	4.36B
Other Receivables	176M	58.87M	85.82M
Notes Receivable	29.07M	26.24M	66.84M
Total Receivables	5.24B	7.05B	4.51B
Inventory	5.44B	9.99B	8.61B
Prepaid Expenses	23.41M	37.14M	51.34M
Other Current Assets, Total	35.89M	19.51M	98.9M
Total Current Assets	26.05B	27.82B	30.12B
Gross Property Plant And Equipment	24.14B	29.35B	29.32B
Accumulated Depreciation	-10.82B	-11.92B	-13.19B
Net Property Plant And Equipment	13.32B	17.43B	16.13B
Long-term Investments	5.09B	3.93B	3.97B
Other Intangibles, Total	689M	1.07B	900M
Loans Receivable Long-Term	-	-	5.83M
Deferred Tax Assets Long-Term	544M	1.08B	915M
Other Long-Term Assets, Total	264M	306M	301M
Total Assets	45.95B	51.64B	52.35B
Liabilities
Accounts Payable, Total	671M	2.52B	2.38B
Accrued Expenses, Total	591M	855M	804M
Current Portion of Leases	39.53M	81.24M	59.85M
Current Income Taxes Payable	586M	277M	65.84M
Other Current Liabilities	1.5B	1.86B	1.19B
Total Current Liabilities	3.38B	5.59B	4.51B
Long-Term Leases	45.76M	88.46M	55.08M
Pension & Other Post Retirement Benefits	398M	575M	829M
Other Non Current Liabilities	70.98M	476M	30.58M
Total Liabilities	3.9B	6.73B	5.42B
Common Stock, Total	1.75B	1.75B	1.75B
Additional Paid In Capital	20.53B	20.53B	20.57B
Retained Earnings	20.42B	23.27B	25.28B
Treasury Stock	-175M	-175M	-175M
Comprehensive Income and Other	-464M	-458M	-501M
Total Common Equity	42.05B	44.91B	46.93B
Total Equity	42.05B	44.91B	46.93B
Total Liabilities And Equity	45.95B	51.64B	52.35B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.7M	8.74M	8.7M
ECS Total Common Shares Outstanding	8.7M	8.74M	8.7M
Book Value / Share	4.83K	5.14K	5.39K
Tangible Book Value	41.37B	43.84B	46.03B
Tangible Book Value Per Share	4.75K	5.02K	5.29K
Total Debt	85.29M	170M	115M
Net Debt	-15.23B	-10.55B	-16.74B
Debt Equivalent Oper. Leases	123M	169M	123M
Equity Method Investments, Total	1B	779M	800M
Inventories - Raw Materials, Total	2.27B	1.44B	1.33B
Inventories - Work In Process, Total	1.12B	974M	726M
Inventories - Finished Goods, Total	2.3B	7.92B	7.06B
Inventories - Others	660	470	-10
Land - (BS)	2.28B	2.47B	2.47B
Buildings, Total	8.19B	13B	12.85B
Machinery, Total	11.37B	12.89B	13.01B
Accumulated Allowance for Doubtful Accounts (Supple)	-	5.76M	302M

Fiscal Period: December	2023 (KRW)	2024 (KRW)	2025 (KRW)
Net Income	4.58B	3.77B	2.59B
Depreciation & Amortization - CF	901M	1.18B	1.37B
Amortization of Goodwill and Intangible Assets - (CF)	5.18M	92.77M	184M
Depreciation & Amortization, Total	907M	1.27B	1.56B
(Gain) Loss From Sale Of Asset	-1.9M	-4.14M	-108M
(Gain) Loss on Sale of Investments - (CF)	-236M	86.32M	208M
Asset Writedown & Restructuring Costs	-	-	253M
(Income) Loss On Equity Investments - (CF)	266K	220M	-20.57M
Stock-Based Compensation (CF)	21.17M	5.57M	-
Provision and Write-off of Bad Debts	-	5.76M	296M
Other Operating Activities, Total	265M	-719M	-408M
Change In Accounts Receivable	2.92B	-97.06M	2.3B
Change In Inventories	1.19B	-600M	1.38B
Change In Accounts Payable	460M	227M	-75.44M
Change in Other Net Operating Assets	-644M	130M	-634M
Cash from Operations	9.47B	4.29B	7.34B
Capital Expenditure	-2.22B	-5.08B	-240M
Sale of Property, Plant, and Equipment	1.9M	5.33M	281M
Cash Acquisitions	-	-3.7B	-
Sale (Purchase) of Intangible assets	-7M	-38M	-222M
Investment in Marketable and Equity Securities, Total	-3.82B	6.83B	-7.66B
Net (Increase) Decrease in Loans Originated / Sold - Investing	7.27M	2.83M	-46.43M
Other Investing Activities, Total	-	-46.18M	0
Cash from Investing	-6.03B	-2.02B	-7.89B
Long-Term Debt Repaid, Total	-1.05B	-63.17M	-87.2M
Total Debt Repaid	-1.05B	-63.17M	-87.2M
Common & Preferred Stock Dividends Paid	-836M	-870M	-652M
Common & Preferred Stock Dividends Paid	-836M	-870M	-652M
Other Financing Activities, Total	6.78M	-4.47M	-10
Cash from Financing	-1.88B	-938M	-740M
Foreign Exchange Rate Adjustments	-19.87M	62.01M	-16.26M
Net Change in Cash	1.54B	1.4B	-1.3B
Supplemental Items
Cash Interest Paid	2.72M	6.37M	8.91M
Cash Income Tax Paid (Refund)	710M	1.04B	549M
Levered Free Cash Flow	-	-6.07B	5.73B
Unlevered Free Cash Flow	-	-6.07B	5.73B
Change In Net Working Capital	-	4.2B	-2.77B
Net Debt Issued / Repaid	-1.05B	-63.17M	-87.2M

Fiscal Period: December	2023 (KRW)	2024 (KRW)	2025 (KRW)
Profitability
Return on Assets	-	4.04	3.6
Return on Total Capital	-	4.52	4.06
Return On Equity %	-	8.66	5.64
Return on Common Equity	-	8.66	5.64
Margin Analysis
Gross Profit Margin %	33.31	31.18	29.71
SG&A Margin	8.83	12.07	10.15
EBITDA Margin %	24.16	17.76	19.01
EBITA Margin %	19.99	13.04	13.28
EBIT Margin %	19.96	12.67	12.51
Income From Continuing Operations Margin %	21.23	15.12	10.83
Net Income Margin %	21.23	15.12	10.83
Net Avail. For Common Margin %	21.23	15.12	10.83
Normalized Net Income Margin	14.85	10.96	8.95
Levered Free Cash Flow Margin	-	-24.37	23.94
Unlevered Free Cash Flow Margin	-	-24.35	23.96
Asset Turnover
Asset Turnover	-	0.51	0.46
Fixed Assets Turnover	-	1.62	1.43
Receivables Turnover (Average Receivables)	-	4.15	4.22
Inventory Turnover (Average Inventory)	-	2.22	1.81
Short Term Liquidity
Current Ratio	7.7	4.98	6.68
Quick Ratio	6.07	3.18	4.72
Operating Cash Flow to Current Liabilities	2.8	0.77	1.63
Days Sales Outstanding (Average Receivables)	-	88.13	86.4
Days Outstanding Inventory (Average Inventory)	-	164.66	201.85
Average Days Payable Outstanding	-	26.88	57.95
Cash Conversion Cycle (Average Days)	-	225.91	230.3
Long Term Solvency
Total Debt/Equity	0.2	0.38	0.24
Total Debt / Total Capital	0.2	0.38	0.24
LT Debt/Equity	0.11	0.2	0.12
Long-Term Debt / Total Capital	0.11	0.2	0.12
Total Liabilities / Total Assets	8.48	13.03	10.36
EBIT / Interest Expense	44.37	495.76	335.93
EBITDA / Interest Expense	53.7	694.99	510.59
(EBITDA - Capex) / Interest Expense	30.89	-102.39	483.63
Total Debt / EBITDA	0.02	0.04	0.03
Net Debt / EBITDA	-2.92	-2.38	-3.68
Total Debt / (EBITDA - Capex)	0.03	-0.26	0.03
Net Debt / (EBITDA - Capex)	-5.07	16.19	-3.89
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	15.41	-3.99
Gross Profit, 1 Yr. Growth %	-	8.02	-8.53
EBITDA, 1 Yr. Growth %	-	-15.15	2.75
EBITA, 1 Yr. Growth %	-	-24.68	-2.29
EBIT, 1 Yr. Growth %	-	-26.75	-5.24
Earnings From Cont. Operations, 1 Yr. Growth %	-	-17.83	-31.19
Net Income, 1 Yr. Growth %	-	-17.83	-31.19
Normalized Net Income, 1 Yr. Growth %	-	-14.86	-21.6
Diluted EPS Before Extra, 1 Yr. Growth %	-	-19.97	-31.19
Accounts Receivable, 1 Yr. Growth %	-	38.36	-37.4
Inventory, 1 Yr. Growth %	-	83.7	-13.84
Net Property, Plant and Equip., 1 Yr. Growth %	-	30.9	-7.45
Total Assets, 1 Yr. Growth %	-	12.38	1.37
Tangible Book Value, 1 Yr. Growth %	-	5.98	4.99
Common Equity, 1 Yr. Growth %	-	6.8	4.48
Cash From Operations, 1 Yr. Growth %	-	-54.69	71.08
Capital Expenditures, 1 Yr. Growth %	-	129.21	-95.27
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-194.32
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-194.48
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	5.26
Gross Profit, 2 Yr. CAGR %	-	-	-0.6
EBITDA, 2 Yr. CAGR %	-	-	-6.63
EBITA, 2 Yr. CAGR %	-	-	-14.21
EBIT, 2 Yr. CAGR %	-	-	-16.68
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-24.8
Net Income, 2 Yr. CAGR %	-	-	-24.8
Normalized Net Income, 2 Yr. CAGR %	-	-	-18.3
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-25.79
Accounts Receivable, 2 Yr. CAGR %	-	-	-6.93
Inventory, 2 Yr. CAGR %	-	-	25.81
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	10.07
Total Assets, 2 Yr. CAGR %	-	-	6.73
Tangible Book Value, 2 Yr. CAGR %	-	-	5.48
Common Equity, 2 Yr. CAGR %	-	-	5.64
Cash From Operations, 2 Yr. CAGR %	-	-	-11.96
Capital Expenditures, 2 Yr. CAGR %	-	-	-67.08