Income Statement RingNet Co., Ltd.

Stocks

A042500

KR7042500009

IT Services & Consulting

End-of-day quote Korea S.E. Other stock markets 2026-07-03			5-day change	1st Jan Change
4,030.00 ^KRW	+1.51%		+5.50%	+6.33%

05-06	RingNet Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-10	RingNet Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

20148d6c16a3263f22a2c2dc4467.ewvwlQXrz16W7uIC7dbSveBV-ZVXeLeJVFbpu5q_XeQ.GD3d-HyvuWnVmINFlb6D0JMdkvgQLcbmJwOEz_LPOq4LUrLKPJqsbaS4qw

Published financial data: RINGNET CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	215B	204B	218B	164B	183B
Other Revenues, Total	-	-	-10	-	-10
Total Revenues	215B	204B	218B	164B	183B
Cost of Goods Sold, Total	191B	181B	188B	137B	154B
Gross Profit	23.72B	22.62B	30.03B	27.12B	29.14B
Selling General & Admin Expenses, Total	11.12B	11.3B	12.23B	12.61B	13.69B
Provision for Bad Debts	686M	-629M	310M	-377M	-21.34M
Depreciation & Amortization - (IS)	477M	407M	485M	467M	310M
Amortization of Goodwill and Intangible Assets - (IS)	12.58M	18.29M	21.84M	26.23M	18.5M
Other Operating Expenses	804M	646M	636M	699M	825M
Other Operating Expenses, Total	13.1B	11.75B	13.68B	13.43B	14.82B
Operating Income	10.62B	10.88B	16.35B	13.69B	14.31B
Interest Expense, Total	-105M	-285M	-294M	-26.07M	-1.26M
Interest And Investment Income	636M	764M	1.22B	2.65B	2.65B
Net Interest Expenses	531M	478M	922M	2.62B	2.65B
Currency Exchange Gains (Loss)	-228M	-150M	-158M	233M	-117M
Other Non Operating Income (Expenses)	51.35M	137M	130M	114M	-3.94B
EBT, Excl. Unusual Items	10.98B	11.34B	17.24B	16.66B	12.9B
Gain (Loss) On Sale Of Investments	-256M	2.05B	-1.17B	-157M	850M
Gain (Loss) On Sale Of Assets	-1.15M	4.94M	1.14M	-8.31M	15M
EBT, Incl. Unusual Items	10.72B	13.4B	16.07B	16.49B	13.77B
Income Tax Expense	2.05B	3.34B	3.28B	3.64B	2.87B
Earnings From Continuing Operations	8.67B	10.06B	12.79B	12.85B	10.9B
Net Income to Company	8.67B	10.06B	12.79B	12.85B	10.9B
Minority Interest	-	-	-	-	-
Net Income - (IS)	8.67B	10.06B	12.79B	12.85B	10.9B
Net Income to Common Incl Extra Items	8.67B	10.06B	12.79B	12.85B	10.9B
Net Income to Common Excl. Extra Items	8.67B	10.06B	12.79B	12.85B	10.9B
Per Share Items
Net EPS - Basic	432.09	518.92	662.91	724.53	562.17
Basic EPS - Continuing Operations	432.09	518.92	662.91	724.53	562.17
Basic Weighted Average Shares Outstanding	20.06M	19.38M	19.29M	17.74M	19.39M
Net EPS - Diluted	432.09	518.92	662.91	724.53	562.17
Diluted EPS - Continuing Operations	432.09	518.92	662.91	724.53	562.17
Diluted Weighted Average Shares Outstanding	20.06M	19.38M	19.29M	17.74M	19.39M
Normalized Basic EPS	341.94	365.83	558.57	586.87	415.9
Normalized Diluted EPS	341.94	365.83	558.57	586.87	415.9
Dividend Per Share	-	-	64.1	200	-
Payout Ratio	-	-	-	9.63	35.08
Supplemental Items
EBITDA	11.28B	11.48B	17B	14.33B	14.8B
EBITA	10.63B	10.9B	16.37B	13.72B	14.33B
EBIT	10.62B	10.88B	16.35B	13.69B	14.31B
EBITDAR	11.36B	11.54B	17.1B	14.45B	14.93B
Effective Tax Rate - (Ratio)	19.12	24.96	20.41	22.07	20.83
Normalized Net Income	6.86B	7.09B	10.78B	10.41B	8.07B
Supplemental Operating Expense Items
Advertising Expense	49.64M	44.1M	72.25M	21.24M	46.7M
Selling and Marketing Expenses	1.08B	795M	1.09B	829M	692M
General and Administrative Expenses	138M	277M	300M	361M	352M
Net Rental Expense, Total	77.33M	61.69M	106M	126M	139M
Imputed Operating Lease Interest Expense	11.67M	16.03M	33.58M	72.07M	624K
Imputed Operating Lease Depreciation	65.66M	45.66M	72.45M	53.78M	138M
Maintenance & Repair Expenses, Total	326M	367M	371M	357M	369M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	7.59B	8.3B	18.43B	19.88B	15.95B
Short Term Investments	1.84B	836M	5.84B	836M	500M
Trading Asset Securities, Total	21.82B	11.34B	19.58B	23.21B	18.01B
Total Cash And Short Term Investments	31.25B	20.47B	43.85B	43.92B	34.46B
Accounts Receivable, Total	50.78B	36.78B	43.7B	32.55B	50.3B
Other Receivables	68.38M	1.34B	145M	34.22M	55.52M
Notes Receivable	27.5M	150M	38.16M	44.71M	392M
Total Receivables	50.88B	38.27B	43.88B	32.63B	50.75B
Inventory	18.6B	68.38B	21.31B	17.53B	16.99B
Prepaid Expenses	6.52B	11.96B	7.33B	12.85B	13.87B
Other Current Assets, Total	428M	56.6M	48.25M	106M	669M
Total Current Assets	108B	139B	116B	107B	117B
Gross Property Plant And Equipment	10.2B	9.94B	10.29B	10.22B	10.67B
Accumulated Depreciation	-2.49B	-2.3B	-2.76B	-2.94B	-3.16B
Net Property Plant And Equipment	7.71B	7.64B	7.53B	7.28B	7.51B
Long-term Investments	5.81B	5.93B	18.29B	23.84B	34.45B
Other Intangibles, Total	726M	756M	750M	948M	933M
Loans Receivable Long-Term	5.25B	4.48B	4.82B	5B	4.47B
Deferred Tax Assets Long-Term	703M	341M	365M	466M	215M
Other Long-Term Assets, Total	2.88B	2.65B	3.77B	3.17B	3.87B
Total Assets	131B	161B	152B	148B	168B
Liabilities
Accounts Payable, Total	30.13B	40.9B	27.09B	29.29B	30.2B
Accrued Expenses, Total	290M	298M	265M	275M	350M
Short-term Borrowings	3.28B	14.07B	543M	-	-
Current Portion of Long-Term Debt	-	-	-	-	1.12B
Current Portion of Leases	130M	35.65M	173M	6.59M	-
Current Income Taxes Payable	1.59B	1.53B	1.9B	1.83B	1.08B
Other Current Liabilities	20.65B	20.56B	25.76B	9.43B	12.95B
Total Current Liabilities	56.07B	77.4B	55.74B	40.84B	45.71B
Long-Term Debt	-	-	-	-	3.36B
Long-Term Leases	21.06M	7.94M	6.26M	-	-
Pension & Other Post Retirement Benefits	-	-	-	-	-
Other Non Current Liabilities	80M	80M	80M	80M	80M
Total Liabilities	56.18B	77.49B	55.82B	40.92B	49.15B
Common Stock, Total	7.68B	7.68B	7.68B	9.54B	11.15B
Additional Paid In Capital	14.73B	14.77B	14.85B	13.57B	11.71B
Retained Earnings	63.26B	73.48B	85.88B	96.65B	104B
Treasury Stock	-11.09B	-12.5B	-12.29B	-13.23B	-8.11B
Comprehensive Income and Other	-5.42M	-5.42M	-5.42M	298M	520M
Total Common Equity	74.57B	83.42B	96.12B	107B	119B
Minority Interest	-	-	-	-	-
Total Equity	74.57B	83.42B	96.12B	107B	119B
Total Liabilities And Equity	131B	161B	152B	148B	168B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.58M	19.24M	19.31M	19.13M	20.37M
ECS Total Common Shares Outstanding	19.58M	19.24M	19.31M	19.13M	20.37M
Book Value / Share	3.81K	4.34K	4.98K	5.59K	5.84K
Tangible Book Value	73.85B	82.67B	95.37B	106B	118B
Tangible Book Value Per Share	3.77K	4.3K	4.94K	5.54K	5.8K
Total Debt	3.43B	14.12B	722M	6.59M	4.48B
Net Debt	-27.82B	-6.35B	-43.13B	-43.91B	-29.97B
Debt Equivalent Oper. Leases	619M	494M	848M	1.01B	1.11B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Inventories - Raw Materials, Total	19.26B	69.45B	22.59B	19.8B	18.82B
Inventories - Finished Goods, Total	140M	32.53M	60.57M	-	-
Inventories - Others	50	790	-630	-150	670
Land - (BS)	2.53B	2.53B	2.53B	2.53B	2.53B
Buildings, Total	4.34B	4.34B	4.34B	4.34B	4.34B
Machinery, Total	2.5B	2.84B	2.98B	3.2B	3.8B
Accumulated Allowance for Doubtful Accounts (Supple)	1.23B	604M	913M	536M	515M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	8.67B	10.06B	12.79B	12.85B	10.9B
Depreciation & Amortization - CF	649M	581M	628M	611M	463M
Amortization of Goodwill and Intangible Assets - (CF)	12.58M	18.29M	21.84M	26.23M	18.5M
Depreciation & Amortization, Total	661M	599M	650M	637M	482M
(Gain) Loss From Sale Of Asset	1.15M	-4.94M	-1.14M	8.31M	-15M
Provision and Write-off of Bad Debts	686M	-629M	310M	-377M	-21.34M
Other Operating Activities, Total	1.74B	-697M	3.29B	2.3B	1.55B
Change In Accounts Receivable	-22.9B	13.33B	-6.01B	11.69B	-17.77B
Change In Inventories	-14.18B	-50.52B	46.53B	2.72B	-1.43B
Change In Accounts Payable	1.91B	11.01B	-13.44B	1.83B	1.64B
Change in Other Net Operating Assets	-491M	-5.63B	6.53B	-23.25B	-849M
Cash from Operations	-23.9B	-22.49B	50.64B	8.42B	-5.51B
Capital Expenditure	-9.44B	-135M	-138M	-368M	-140M
Sale of Property, Plant, and Equipment	4.48M	6.28M	1.14M	34.94M	15M
Sale (Purchase) of Intangible assets	-1.56M	-48.62M	-15.75M	-225M	-3.18M
Investment in Marketable and Equity Securities, Total	8.61B	13.42B	-26.78B	-4.29B	-4.23B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-360M	650M	-127M	-189M	183M
Other Investing Activities, Total	287M	-13.23M	377K	-84.55M	-21.23M
Cash from Investing	-900M	13.88B	-27.06B	-5.13B	-4.2B
Short Term Debt Issued, Total	8.8B	36.24B	19.1B	-	-
Long-Term Debt Issued, Total	-	-	-	-	5.61B
Total Debt Issued	8.8B	36.24B	19.1B	-	5.61B
Short Term Debt Repaid, Total	-12.3B	-25.43B	-32.63B	-566M	-
Long-Term Debt Repaid, Total	-287M	-138M	-188M	-173M	-1.13B
Total Debt Repaid	-12.59B	-25.56B	-32.82B	-739M	-1.13B
Issuance of Common Stock	1.78B	796M	756M	1.75B	4.91B
Repurchase of Common Stock	-4.48B	-2.15B	-443M	-1.94B	-9.01M
Common Dividends Paid	-	-	-	-1.24B	-3.83B
Common & Preferred Stock Dividends Paid	-	-	-	-1.24B	-3.83B
Other Financing Activities, Total	-	-	-	-18.82M	-14.16M
Cash from Financing	-6.49B	9.32B	-13.41B	-2.18B	5.54B
Foreign Exchange Rate Adjustments	162M	-10.72M	-39.25M	333M	245M
Miscellaneous Cash Flow Adjustments	-10	-10	-	-	-
Net Change in Cash	-31.13B	704M	10.13B	1.45B	-3.93B
Supplemental Items
Cash Interest Paid	107M	521M	286M	26.07M	1.17M
Cash Income Tax Paid (Refund)	2.67B	3.09B	2.9B	3.78B	3.42B
Levered Free Cash Flow	-34.42B	-24.56B	48.34B	3.85B	-6.12B
Unlevered Free Cash Flow	-34.36B	-24.39B	48.52B	3.87B	-6.12B
Change In Net Working Capital	32.22B	31.6B	-37.81B	4.73B	15.4B
Net Debt Issued / Repaid	-3.79B	10.68B	-13.72B	-739M	4.48B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.23	4.66	6.53	5.71	5.66
Return on Total Capital	8.6	7.75	10.51	8.4	7.77
Return On Equity %	12.1	12.73	14.25	12.67	9.65
Return on Common Equity	12.1	12.73	14.25	12.67	9.65
Margin Analysis
Gross Profit Margin %	11.05	11.09	13.8	16.54	15.91
SG&A Margin	5.18	5.54	5.62	7.69	7.48
EBITDA Margin %	5.25	5.63	7.81	8.74	8.08
EBITA Margin %	4.95	5.34	7.52	8.37	7.83
EBIT Margin %	4.95	5.33	7.51	8.35	7.82
Income From Continuing Operations Margin %	4.04	4.93	5.87	7.84	5.96
Net Income Margin %	4.04	4.93	5.87	7.84	5.96
Net Avail. For Common Margin %	4.04	4.93	5.87	7.84	5.96
Normalized Net Income Margin	3.19	3.47	4.95	6.35	4.41
Levered Free Cash Flow Margin	-16.03	-12.04	22.2	2.35	-3.34
Unlevered Free Cash Flow Margin	-16	-11.95	22.29	2.36	-3.34
Asset Turnover
Asset Turnover	1.69	1.4	1.39	1.09	1.16
Fixed Assets Turnover	46.44	26.59	28.71	22.14	24.77
Receivables Turnover (Average Receivables)	5.41	4.66	5.41	4.3	4.42
Inventory Turnover (Average Inventory)	16.41	4.17	4.18	7.04	8.92
Short Term Liquidity
Current Ratio	1.92	1.8	2.09	2.62	2.55
Quick Ratio	1.46	0.76	1.57	1.87	1.86
Operating Cash Flow to Current Liabilities	-0.43	-0.29	0.91	0.21	-0.12
Days Sales Outstanding (Average Receivables)	67.41	78.33	67.46	85.13	82.6
Days Outstanding Inventory (Average Inventory)	22.25	87.51	87.22	51.96	40.92
Average Days Payable Outstanding	52.3	56.08	88.25	77.58	70.79
Cash Conversion Cycle (Average Days)	37.36	109.75	66.43	59.52	52.73
Long Term Solvency
Total Debt/Equity	4.61	16.92	0.75	0.01	3.77
Total Debt / Total Capital	4.4	14.47	0.75	0.01	3.63
LT Debt/Equity	0.03	0.01	0.01	-	2.83
Long-Term Debt / Total Capital	0.03	0.01	0.01	-	2.72
Total Liabilities / Total Assets	42.96	48.16	36.74	27.7	29.23
EBIT / Interest Expense	101.39	38.15	55.66	525.18	11.32K
EBITDA / Interest Expense	107.71	40.26	57.87	549.61	11.71K
(EBITDA - Capex) / Interest Expense	17.62	39.78	57.4	535.5	11.6K
Total Debt / EBITDA	0.3	1.23	0.04	0	0.3
Net Debt / EBITDA	-2.47	-0.55	-2.54	-3.06	-2.03
Total Debt / (EBITDA - Capex)	1.86	1.24	0.04	0	0.31
Net Debt / (EBITDA - Capex)	-15.07	-0.56	-2.56	-3.15	-2.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	43.71	-5.02	6.71	-24.71	11.7
Gross Profit, 1 Yr. Growth %	30.59	-4.65	32.75	-9.71	7.45
EBITDA, 1 Yr. Growth %	40.24	1.71	48.11	-15.71	3.26
EBITA, 1 Yr. Growth %	44.39	2.45	50.24	-16.2	4.48
EBIT, 1 Yr. Growth %	44.47	2.4	50.29	-16.25	4.54
Earnings From Cont. Operations, 1 Yr. Growth %	14.42	15.99	27.18	0.51	-15.19
Net Income, 1 Yr. Growth %	14.42	15.99	27.18	0.51	-15.19
Normalized Net Income, 1 Yr. Growth %	10.97	3.33	52.01	-3.38	-22.54
Diluted EPS Before Extra, 1 Yr. Growth %	12.66	20.1	27.75	9.3	-15.34
Accounts Receivable, 1 Yr. Growth %	77.85	-27.58	18.82	-25.5	54.51
Inventory, 1 Yr. Growth %	296.09	267.7	-68.83	-17.77	-3.08
Net Property, Plant and Equip., 1 Yr. Growth %	399.66	-0.89	-1.45	-3.35	3.19
Total Assets, 1 Yr. Growth %	6.11	23.07	-5.57	-2.76	13.83
Tangible Book Value, 1 Yr. Growth %	8.6	11.94	15.37	11.01	11.54
Common Equity, 1 Yr. Growth %	8.49	11.87	15.22	11.13	11.43
Cash From Operations, 1 Yr. Growth %	-212.06	-5.93	-325.19	-83.37	-165.5
Capital Expenditures, 1 Yr. Growth %	3.74K	-98.57	2.49	165.61	-62.05
Levered Free Cash Flow, 1 Yr. Growth %	-276.83	-28.64	-296.79	-92.03	-258.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-275.46	-29.02	-298.98	-92.03	-258.05
Dividend Per Share, 1 Yr. Growth %	-	-	-	212	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	27.6	16.83	0.68	-10.37	-8.3
Gross Profit, 2 Yr. CAGR %	14.28	11.59	12.51	9.48	-1.5
EBITDA, 2 Yr. CAGR %	20.02	19.43	22.73	11.74	-6.7
EBITA, 2 Yr. CAGR %	22.96	21.63	24.07	12.2	-6.43
EBIT, 2 Yr. CAGR %	22.98	21.63	24.06	12.19	-6.43
Earnings From Cont. Operations, 2 Yr. CAGR %	11.11	15.2	21.46	13.06	-7.67
Net Income, 2 Yr. CAGR %	11.11	15.2	21.46	13.06	-7.67
Normalized Net Income, 2 Yr. CAGR %	20.12	7.08	25.33	21.19	-13.48
Diluted EPS Before Extra, 2 Yr. CAGR %	8.63	16.32	23.86	18.16	-7.91
Accounts Receivable, 2 Yr. CAGR %	30.26	13.49	-7.24	-5.91	7.29
Inventory, 2 Yr. CAGR %	68.7	281.63	7.06	-49.37	-10.73
Net Property, Plant and Equip., 2 Yr. CAGR %	155.18	122.54	-1.17	-2.4	-0.13
Total Assets, 2 Yr. CAGR %	17.66	14.28	7.8	-4.18	5.21
Tangible Book Value, 2 Yr. CAGR %	13.39	10.26	13.64	13.17	11.28
Common Equity, 2 Yr. CAGR %	13.36	10.17	13.53	13.16	11.28
Cash From Operations, 2 Yr. CAGR %	115.87	2.67	45.55	-38.81	-67
Capital Expenditures, 2 Yr. CAGR %	759.27	-25.86	-87.89	64.99	0.39
Levered Free Cash Flow, 2 Yr. CAGR %	138.52	12.33	18.5	-60.4	-64.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	141.77	11.6	18.84	-60.17	-64.5
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	16.01	15.64	13.36	-8.62	-3.54
Gross Profit, 3 Yr. CAGR %	20.66	7.58	18.24	4.55	8.8
EBITDA, 3 Yr. CAGR %	37.6	13.58	28.31	8.29	8.84
EBITA, 3 Yr. CAGR %	37.52	15.7	30.5	8.85	9.57
EBIT, 3 Yr. CAGR %	37.68	15.7	30.52	8.83	9.58
Earnings From Cont. Operations, 3 Yr. CAGR %	35.43	12.71	19.07	14.03	2.73
Net Income, 3 Yr. CAGR %	35.43	12.71	19.07	14.03	2.73
Normalized Net Income, 3 Yr. CAGR %	32.39	14.24	20.35	14.92	4.4
Diluted EPS Before Extra, 3 Yr. CAGR %	36.65	12.32	20.01	18.8	2.7
Accounts Receivable, 3 Yr. CAGR %	36.51	7.11	15.24	-13.77	11
Inventory, 3 Yr. CAGR %	44.15	118.73	65.58	-1.95	-37.14
Net Property, Plant and Equip., 3 Yr. CAGR %	132.09	86.18	69.62	-1.9	-0.57
Total Assets, 3 Yr. CAGR %	12.16	19.43	7.23	4.16	1.48
Tangible Book Value, 3 Yr. CAGR %	12.56	12.9	11.94	12.76	12.63
Common Equity, 3 Yr. CAGR %	12.53	12.86	11.83	12.73	12.58
Cash From Operations, 3 Yr. CAGR %	20.71	63.67	33.4	-29.38	-37.41
Capital Expenditures, 3 Yr. CAGR %	317.61	1.87	-17.41	-66.09	1.09
Levered Free Cash Flow, 3 Yr. CAGR %	37.53	59.53	35.42	-51.81	-37.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	37.17	60.68	35.32	-51.71	-36.94
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.74	6.56	9.62	4.44	4.14
Gross Profit, 5 Yr. CAGR %	12.06	9.42	17.33	8.34	9.91
EBITDA, 5 Yr. CAGR %	17.74	15.95	31.45	12.84	12.96
EBITA, 5 Yr. CAGR %	17.71	15.85	31.97	14.29	14.24
EBIT, 5 Yr. CAGR %	17.8	15.89	32.06	14.28	14.25
Earnings From Cont. Operations, 5 Yr. CAGR %	21.5	16.4	29.66	12.85	7.55
Net Income, 5 Yr. CAGR %	20.69	16.4	29.66	12.85	7.55
Normalized Net Income, 5 Yr. CAGR %	19.43	12.81	29.52	16.97	5.46
Diluted EPS Before Extra, 5 Yr. CAGR %	22.44	19.09	31.38	14.62	7.95
Accounts Receivable, 5 Yr. CAGR %	7.26	6.62	16.96	1.7	11.99
Inventory, 5 Yr. CAGR %	44.75	79.14	27.98	21.82	29.33
Net Property, Plant and Equip., 5 Yr. CAGR %	58.63	60.84	64.95	43.79	37.23
Total Assets, 5 Yr. CAGR %	8.41	13.55	10.4	9.36	6.42
Tangible Book Value, 5 Yr. CAGR %	8.05	8.74	12.99	13.01	11.67
Common Equity, 5 Yr. CAGR %	8.03	8.72	12.93	12.98	11.61
Cash From Operations, 5 Yr. CAGR %	31.32	36.6	30.09	10.42	-23.71
Capital Expenditures, 5 Yr. CAGR %	130.46	-3.19	1.34	23.54	-10.7
Levered Free Cash Flow, 5 Yr. CAGR %	40.75	49.91	29.58	-8.63	-20.67
Unlevered Free Cash Flow, 5 Yr. CAGR %	40.77	49.55	29.52	-8.02	-20.76