Income Statement KL-Net Corp.

Stocks

A039420

KR7039420005

IT Services & Consulting

End-of-day quote Korea S.E. 2026-09-16			5-day change	1st Jan Change
2,740.00 ^KRW	-1.62%		-0.90%	-4.70%

08-13	KL-Net Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-10	Tranche Update on KL-Net Corp.'s Equity Buyback Plan announced on April 10, 2026.	CI

c63e79d.pphDZGbgawYDv_oH_fY9x3VKgZnJPC3mC6-aZcr28ro.zqFyVz-1OWE1081Vz4dRkgUfxeqoRkiqSer-CPnDt4qR_HA8EtgTUnuLlQ

Published financial data: KL-NET CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Revenues	49.63B	50.3B	50.93B	50.17B	47.57B
Other Revenues, Total	-	-	-	-	-
Total Revenues	49.63B	50.3B	50.93B	50.17B	47.57B
Cost of Goods Sold, Total	35.58B	35.09B	35.88B	33.08B	30.28B
Gross Profit	14.05B	15.21B	15.05B	17.09B	17.29B
Selling General & Admin Expenses, Total	5.64B	5.7B	4.78B	4.9B	4.57B
Provision for Bad Debts	-3.88M	-8.03M	-41.93M	157M	98.4M
R&D Expenses	872M	849M	1.12B	1.15B	1.28B
Depreciation & Amortization - (IS)	331M	324M	445M	456M	413M
Amortization of Goodwill and Intangible Assets - (IS)	88.15M	95.01M	117M	134M	134M
Other Operating Expenses	329M	325M	322M	327M	309M
Other Operating Expenses, Total	7.25B	7.29B	6.74B	7.12B	6.81B
Operating Income	6.8B	7.93B	8.31B	9.97B	10.48B
Interest Expense, Total	-	-	-	-32.01M	-48.66M
Interest And Investment Income	170M	486M	922M	1.23B	1.17B
Net Interest Expenses	170M	486M	922M	1.2B	1.12B
Income (Loss) On Equity Invest.	36.16M	78.05M	90.17M	-122M	29.37M
Currency Exchange Gains (Loss)	105M	38.12M	816K	56.4M	2.53M
Other Non Operating Income (Expenses)	57.45M	51.9M	13.31M	3.18M	13.86M
EBT, Excl. Unusual Items	7.17B	8.58B	9.33B	11.11B	11.65B
Gain (Loss) On Sale Of Investments	119M	27.83M	34.34M	10.51M	45.91M
Gain (Loss) On Sale Of Assets	-	-	875K	30.24M	133M
Asset Writedown	-	-	-150M	-	-
Other Unusual Items	37.11M	-	-	-	-
EBT, Incl. Unusual Items	7.32B	8.61B	9.22B	11.15B	11.83B
Income Tax Expense	799M	1.16B	1.08B	2.21B	1.77B
Earnings From Continuing Operations	6.52B	7.45B	8.14B	8.94B	10.06B
Net Income to Company	6.52B	7.45B	8.14B	8.94B	10.06B
Minority Interest	-575M	-584M	-534M	-369M	-765M
Net Income - (IS)	5.95B	6.86B	7.61B	8.57B	9.29B
Net Income to Common Incl Extra Items	5.95B	6.86B	7.61B	8.57B	9.29B
Net Income to Common Excl. Extra Items	5.95B	6.86B	7.61B	8.57B	9.29B
Per Share Items
Net EPS - Basic	269.57	311	344.61	394.44	449.4
Basic EPS - Continuing Operations	269.57	311	344.61	394.44	449.4
Basic Weighted Average Shares Outstanding	22.06M	22.07M	22.07M	21.73M	20.68M
Net EPS - Diluted	269.57	311	344.61	394.44	449.4
Diluted EPS - Continuing Operations	269.57	311	344.61	394.44	449.4
Diluted Weighted Average Shares Outstanding	22.06M	22.07M	22.07M	21.73M	20.68M
Normalized Basic EPS	176.94	216.57	240.13	302.51	315.17
Normalized Diluted EPS	176.94	216.57	240.13	302.51	315.17
Dividend Per Share	80	80	80	100	-
Payout Ratio	22.25	30.96	31.1	24.72	27.88
Supplemental Items
EBITDA	8.26B	9.56B	10.71B	12.37B	12.77B
EBITA	6.88B	8.02B	8.43B	10.1B	10.62B
EBIT	6.8B	7.93B	8.31B	9.97B	10.48B
Effective Tax Rate - (Ratio)	10.92	13.5	11.71	19.81	14.98
Normalized Net Income	3.9B	4.78B	5.3B	6.57B	6.52B
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.23B	1.1B	908M	849M	752M
Research And Development Expense From Footnotes	872M	849M	1.12B	1.15B	1.28B
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Assets
Cash And Equivalents	5.56B	4.76B	6.06B	4.5B	4.58B
Short Term Investments	15.43B	19.65B	22.92B	29.26B	36.1B
Total Cash And Short Term Investments	20.99B	24.41B	28.97B	33.76B	40.68B
Accounts Receivable, Total	1.25B	2.9B	1.74B	1.75B	1.54B
Other Receivables	134M	200M	255M	471M	648M
Notes Receivable	0	0	0	0	0
Total Receivables	1.38B	3.1B	2B	2.22B	2.19B
Inventory	-	-	-	-	-
Prepaid Expenses	9.12M	20.34M	33.66M	9.93M	11.64M
Other Current Assets, Total	387M	449M	42.84M	60.12M	974M
Total Current Assets	22.77B	27.98B	31.05B	36.05B	43.86B
Gross Property Plant And Equipment	32.35B	31.7B	30.02B	30.47B	30.39B
Accumulated Depreciation	-15.38B	-11.48B	-11.46B	-13.57B	-13.13B
Net Property Plant And Equipment	16.97B	20.22B	18.56B	16.91B	17.26B
Long-term Investments	2.29B	2.46B	3.26B	4.04B	3.96B
Goodwill	21.17M	21.17M	21.17M	21.17M	21.17M
Other Intangibles, Total	2.09B	2B	2.12B	2.01B	1.87B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	357M	372M	344M	339M	-
Other Long-Term Assets, Total	8.24B	7.72B	7.24B	7.12B	9.39B
Total Assets	52.73B	60.77B	62.59B	66.48B	76.37B
Liabilities
Accounts Payable, Total	1.02B	2.51B	1.22B	828M	1.14B
Accrued Expenses, Total	971M	965M	981M	852M	937M
Current Portion of Leases	443M	483M	750M	355M	595M
Current Income Taxes Payable	656M	804M	497M	1.53B	1.09B
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	2.49B	3.27B	1.94B	1.78B	2.77B
Total Current Liabilities	5.58B	8.04B	5.38B	5.34B	6.54B
Long-Term Leases	953M	579M	302M	17.21M	1.25B
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	383M
Other Non Current Liabilities	1.01B	1.07B	927M	959M	959M
Total Liabilities	7.54B	9.69B	6.61B	6.32B	9.13B
Common Stock, Total	12.08B	12.08B	12.08B	12.08B	12.08B
Additional Paid In Capital	8.08B	8.09B	8.1B	8.09B	8.09B
Retained Earnings	29.57B	34.92B	40.46B	46.83B	54.23B
Treasury Stock	-4.93B	-4.9B	-5.14B	-7.46B	-9.31B
Comprehensive Income and Other	-390M	-492M	-497M	-360M	889M
Total Common Equity	44.4B	49.7B	55.01B	59.18B	65.97B
Minority Interest	794M	1.38B	974M	982M	1.27B
Total Equity	45.2B	51.08B	55.98B	60.16B	67.24B
Total Liabilities And Equity	52.73B	60.77B	62.59B	66.48B	76.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	22.06M	22.08M	21.98M	21.11M	20.41M
ECS Total Common Shares Outstanding	22.06M	22.08M	21.98M	21.11M	20.41M
Book Value / Share	2.01K	2.25K	2.5K	2.8K	3.23K
Tangible Book Value	42.29B	47.68B	52.86B	57.15B	64.08B
Tangible Book Value Per Share	1.92K	2.16K	2.4K	2.71K	3.14K
Total Debt	1.4B	1.06B	1.05B	372M	1.85B
Net Debt	-19.59B	-23.35B	-27.92B	-33.39B	-38.83B
Minority Interest, Total (Incl. Fin. Div)	794M	1.38B	974M	982M	1.27B
Equity Method Investments, Total	131M	210M	285M	149M	178M
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	9.55B	9.78B	9.78B	9.78B	9.3B
Buildings, Total	4.92B	4.99B	4.99B	4.99B	4.83B
Machinery, Total	8.1B	2.91B	1.73B	1.35B	1.68B
Accumulated Allowance for Doubtful Accounts (Supple)	167M	159M	117M	110M	208M

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Net Income	5.95B	6.86B	7.61B	8.57B	9.29B
Depreciation & Amortization - CF	1.38B	1.54B	2.28B	2.26B	2.15B
Amortization of Goodwill and Intangible Assets - (CF)	88.15M	95.01M	117M	134M	134M
Depreciation & Amortization, Total	1.47B	1.63B	2.4B	2.4B	2.29B
(Gain) Loss From Sale Of Asset	-	-	-875K	-30.24M	-133M
(Gain) Loss on Sale of Investments - (CF)	-119M	-27.83M	-34.34M	-10.51M	-45.91M
Asset Writedown & Restructuring Costs	-	-	150M	-	-
(Income) Loss On Equity Investments - (CF)	-36.16M	-78.05M	-90.17M	122M	-29.37M
Stock-Based Compensation (CF)	-	-	-	20.82M	25.96M
Provision and Write-off of Bad Debts	-3.88M	-8.03M	-41.93M	157M	98.4M
Other Operating Activities, Total	1.99B	1.56B	1.15B	2.15B	1.58B
Change In Accounts Receivable	-26.92M	-1.69B	1.2B	-160M	105M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	576M	1.49B	-1.3B	-387M	314M
Change in Unearned Revenues	-6.41M	23.06M	4.59M	4.12M	-10.06M
Change In Income Taxes	-	-425K	-331K	-2.76M	-4.76M
Change in Other Net Operating Assets	-1.33B	-1.37B	-2.21B	-1.59B	-1.94B
Cash from Operations	8.46B	8.39B	8.84B	11.24B	11.53B
Capital Expenditure	-940M	-2.59B	-195M	-543M	-949M
Sale of Property, Plant, and Equipment	-	-	1.2M	70.27M	359M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-59.02M	-19.71M	-
Investment in Marketable and Equity Securities, Total	-4.82B	-3.92B	-3.88B	-7.22B	-5.77B
Other Investing Activities, Total	-10	-10	-	0	10
Cash from Investing	-5.76B	-6.51B	-4.13B	-7.71B	-6.36B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-561M	-572M	-753M	-737M	-643M
Total Debt Repaid	-561M	-572M	-753M	-737M	-643M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-294M	-2.37B	-1.88B
Common & Preferred Stock Dividends Paid	-1.32B	-2.13B	-2.37B	-2.12B	-2.59B
Common & Preferred Stock Dividends Paid	-1.32B	-2.13B	-2.37B	-2.12B	-2.59B
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.88B	-2.7B	-3.41B	-5.22B	-5.12B
Foreign Exchange Rate Adjustments	173M	16.5M	-2.63M	131M	21.4M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	984M	-797M	1.29B	-1.56B	77.77M
Supplemental Items
Cash Interest Paid	-	-	-	32.01M	48.66M
Cash Income Tax Paid (Refund)	419M	1.17B	1.19B	1.06B	1.88B
Levered Free Cash Flow	6.07B	4.62B	5.91B	8.19B	7.92B
Unlevered Free Cash Flow	6.07B	4.62B	5.91B	8.21B	7.95B
Change In Net Working Capital	-1.3B	-627M	1.43B	-143M	-64.36M
Net Debt Issued / Repaid	-561M	-572M	-753M	-737M	-643M

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Profitability
Return on Assets	8.58	8.73	8.42	9.66	9.17
Return on Total Capital	9.67	10.04	9.51	10.6	10.11
Return On Equity %	15.39	15.47	15.21	15.39	15.79
Return on Common Equity	14.2	14.59	14.53	15.01	14.85
Margin Analysis
Gross Profit Margin %	28.31	30.25	29.55	34.06	36.35
SG&A Margin	11.36	11.33	9.38	9.76	9.61
EBITDA Margin %	16.65	19	21.03	24.65	26.84
EBITA Margin %	13.87	15.95	16.54	20.14	22.32
EBIT Margin %	13.69	15.76	16.31	19.87	22.03
Income From Continuing Operations Margin %	13.14	14.81	15.98	17.82	21.14
Net Income Margin %	11.98	13.65	14.94	17.08	19.53
Net Avail. For Common Margin %	11.98	13.65	14.94	17.08	19.53
Normalized Net Income Margin	7.86	9.5	10.41	13.1	13.7
Levered Free Cash Flow Margin	12.24	9.19	11.61	16.32	16.65
Unlevered Free Cash Flow Margin	12.24	9.19	11.61	16.36	16.72
Asset Turnover
Asset Turnover	1	0.89	0.83	0.78	0.67
Fixed Assets Turnover	2.98	2.7	2.63	2.83	2.79
Receivables Turnover (Average Receivables)	40.42	24.27	21.94	28.75	28.92
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	4.08	3.48	5.77	6.75	6.71
Quick Ratio	4.01	3.42	5.75	6.73	6.56
Operating Cash Flow to Current Liabilities	1.52	1.04	1.64	2.1	1.76
Days Sales Outstanding (Average Receivables)	9.03	15.04	16.64	12.73	12.62
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	7.49	18.36	18.95	11.3	11.87
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	3.09	2.08	1.88	0.62	2.75
Total Debt / Total Capital	3	2.04	1.84	0.62	2.67
LT Debt/Equity	2.11	1.13	0.54	0.03	1.86
Long-Term Debt / Total Capital	2.05	1.11	0.53	0.03	1.81
Total Liabilities / Total Assets	14.29	15.95	10.56	9.5	11.95
EBIT / Interest Expense	-	-	-	311.44	215.45
EBITDA / Interest Expense	-	-	-	386.26	262.44
(EBITDA - Capex) / Interest Expense	-	-	-	369.3	242.93
Total Debt / EBITDA	0.17	0.11	0.1	0.03	0.14
Net Debt / EBITDA	-2.37	-2.44	-2.61	-2.7	-3.04
Total Debt / (EBITDA - Capex)	0.19	0.15	0.1	0.03	0.16
Net Debt / (EBITDA - Capex)	-2.68	-3.35	-2.66	-2.82	-3.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.81	1.35	1.25	-1.49	-5.17
Gross Profit, 1 Yr. Growth %	8.25	8.29	-1.09	13.54	1.22
EBITDA, 1 Yr. Growth %	26.37	15.7	12.03	15.46	3.26
EBITA, 1 Yr. Growth %	42.69	16.55	5	19.93	5.07
EBIT, 1 Yr. Growth %	42.71	16.66	4.78	20.01	5.14
Earnings From Cont. Operations, 1 Yr. Growth %	46.82	14.22	9.28	9.82	12.49
Net Income, 1 Yr. Growth %	34.81	15.43	10.81	12.67	8.41
Normalized Net Income, 1 Yr. Growth %	25.79	22.46	10.88	24.01	-0.87
Diluted EPS Before Extra, 1 Yr. Growth %	34.91	15.37	10.81	14.46	14.06
Accounts Receivable, 1 Yr. Growth %	3.03	132.61	-39.87	0.18	-11.64
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	3.96	19.17	-8.22	-8.92	2.08
Total Assets, 1 Yr. Growth %	13.85	15.23	3	6.22	14.87
Tangible Book Value, 1 Yr. Growth %	12.03	12.74	10.87	8.12	12.11
Common Equity, 1 Yr. Growth %	12.82	11.92	10.68	7.59	11.47
Cash From Operations, 1 Yr. Growth %	24.35	-0.78	5.33	27.99	2.56
Capital Expenditures, 1 Yr. Growth %	-21.65	175.91	-92.49	178.91	74.77
Levered Free Cash Flow, 1 Yr. Growth %	63.95	-23.92	27.95	39.32	-3.23
Unlevered Free Cash Flow, 1 Yr. Growth %	63.95	-23.92	27.95	38.82	-3.1
Dividend Per Share, 1 Yr. Growth %	33.33	-	-	25	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.52	9.27	1.3	-0.13	-3.35
Gross Profit, 2 Yr. CAGR %	9.01	8.27	3.49	5.97	7.2
EBITDA, 2 Yr. CAGR %	18.1	20.92	13.85	13.73	9.19
EBITA, 2 Yr. CAGR %	28.12	28.96	10.62	12.21	12.25
EBIT, 2 Yr. CAGR %	28.14	29.03	10.56	12.14	12.33
Earnings From Cont. Operations, 2 Yr. CAGR %	30.8	29.5	11.72	9.55	11.15
Net Income, 2 Yr. CAGR %	26.38	24.74	13.1	11.74	10.52
Normalized Net Income, 2 Yr. CAGR %	23.19	24.11	16.53	17.26	10.88
Diluted EPS Before Extra, 2 Yr. CAGR %	27.4	24.76	13.06	12.62	14.2
Accounts Receivable, 2 Yr. CAGR %	-32.03	54.81	18.27	-22.39	-5.92
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	4.02	11.3	4.58	-8.57	-3.57
Total Assets, 2 Yr. CAGR %	8.42	14.54	8.94	4.6	10.46
Tangible Book Value, 2 Yr. CAGR %	11.58	12.39	11.8	9.48	10.1
Common Equity, 2 Yr. CAGR %	10.65	12.37	11.3	9.13	9.52
Cash From Operations, 2 Yr. CAGR %	35.82	11.07	2.23	15.74	14.57
Capital Expenditures, 2 Yr. CAGR %	5.95	47.03	-54.48	-54.23	120.78
Levered Free Cash Flow, 2 Yr. CAGR %	55.26	11.68	-1.34	33.11	16.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	55.25	11.68	-1.34	33.27	15.98
Dividend Per Share, 2 Yr. CAGR %	15.47	15.47	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.61	9.31	6.53	0.36	-1.84
Gross Profit, 3 Yr. CAGR %	6.62	8.77	5.06	6.74	4.36
EBITDA, 3 Yr. CAGR %	13.86	17.29	17.88	14.39	10.13
EBITA, 3 Yr. CAGR %	18.44	24.14	20.42	13.64	9.78
EBIT, 3 Yr. CAGR %	18.46	24.2	20.38	13.62	9.75
Earnings From Cont. Operations, 3 Yr. CAGR %	56.87	25.02	22.37	11.08	10.52
Net Income, 3 Yr. CAGR %	45.83	22.62	19.92	12.96	10.62
Normalized Net Income, 3 Yr. CAGR %	12.33	22.95	19.54	18.97	10.88
Diluted EPS Before Extra, 3 Yr. CAGR %	47.5	23.26	19.92	13.53	13.05
Accounts Receivable, 3 Yr. CAGR %	-9.19	2.43	12.95	11.9	-18.96
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	6.43	8.84	4.38	-0.13	-5.15
Total Assets, 3 Yr. CAGR %	7.91	10.64	10.56	8.03	7.92
Tangible Book Value, 3 Yr. CAGR %	8.67	11.97	11.88	10.56	10.35
Common Equity, 3 Yr. CAGR %	7.95	11.08	11.8	10.05	9.9
Cash From Operations, 3 Yr. CAGR %	22.59	22.32	9.12	9.94	11.17
Capital Expenditures, 3 Yr. CAGR %	-25.05	45.76	-45.45	-16.7	-28.46
Levered Free Cash Flow, 3 Yr. CAGR %	23.42	22.4	16.86	10.47	19.69
Unlevered Free Cash Flow, 3 Yr. CAGR %	23.42	22.4	16.86	10.56	19.84
Dividend Per Share, 3 Yr. CAGR %	38.67	10.06	10.06	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.19	6.65	3.86	5.43	2.46
Gross Profit, 5 Yr. CAGR %	20.62	10.49	5.36	7.64	5.91
EBITDA, 5 Yr. CAGR %	16.43	8.26	13.86	15.86	14.32
EBITA, 5 Yr. CAGR %	36.11	12.77	15.25	19.23	17.08
EBIT, 5 Yr. CAGR %	36.16	12.55	15.23	19.22	17.09
Earnings From Cont. Operations, 5 Yr. CAGR %	32.28	21.69	36.96	18.59	17.75
Net Income, 5 Yr. CAGR %	29.87	19.71	31.73	18.14	16.06
Normalized Net Income, 5 Yr. CAGR %	32.8	13.7	13.99	20.64	15.99
Diluted EPS Before Extra, 5 Yr. CAGR %	30.95	20.58	32.62	18.88	17.6
Accounts Receivable, 5 Yr. CAGR %	-21.15	0.34	0.93	-8.33	4.99
Net Property, Plant and Equip., 5 Yr. CAGR %	3.48	8.85	5.69	1.51	1.12
Total Assets, 5 Yr. CAGR %	5.45	8.97	8.33	8.18	10.52
Tangible Book Value, 5 Yr. CAGR %	7.14	8.34	9.91	10.97	11.16
Common Equity, 5 Yr. CAGR %	7.08	8	9.28	10.29	10.88
Cash From Operations, 5 Yr. CAGR %	20.93	10.3	14	19.64	11.13
Capital Expenditures, 5 Yr. CAGR %	-11.06	23.6	-38.6	-8.29	-4.57
Levered Free Cash Flow, 5 Yr. CAGR %	108.75	-1.3	12.85	26.58	16.42
Unlevered Free Cash Flow, 5 Yr. CAGR %	108.75	-1.3	12.85	26.64	16.51
Dividend Per Share, 5 Yr. CAGR %	-	-	21.67	10.76	-