MH Ethanol Co.,Ltd. (023150.KS) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	84.4B	94.7B	100.4B	105.5B	110.7B
Cost of Revenue	55.1B	61.5B	62.8B	64.6B	67.5B
Gross Profit	29.3B	33.2B	37.6B	40.9B	43.3B
Operating Expenses
R&D Expense	217.0M	173.0M	306.0M	256.0M	309.0M
SG&A Expense	10.6B	8.2B	8.4B	7.9B	7.9B
General & Admin Expense	2.5B	3.3B	3.7B	3.7B	3.5B
Selling & Marketing Expense	5.4B	4.9B	4.6B	4.2B	4.4B
Other Expenses	15.4B	18.2B	18.6B	14.1B	12.9B
Total Operating Expenses	26.2B	26.6B	27.0B	22.0B	20.8B
Cost and Expenses	81.3B	88.0B	89.8B	86.6B	88.3B
Operating Income (EBIT)	3.1B	6.7B	10.7B	18.9B	21.9B
Non-Operating
Interest Income	338.2M	477.1M	633.3M	828.3M	476.7M
Interest Expense	5.0B	8.6B	11.5B	12.2B	11.7B
Net Interest Income	(4.6B)	(8.1B)	(10.8B)	(11.4B)	(11.2B)
Other Non-Op Income/Expense	(23.3B)	(21.3B)	(26.0B)	(11.1B)	(11.8B)
Non-Operating Income (excl Interest)	21.9B	15.5B	14.5B	(1.1B)	59.8M
EBT (Pre-Tax Income)	(20.3B)	(14.6B)	(15.3B)	7.8B	10.2B
Income Tax Expense	(2.8B)	(2.7B)	4.3B	2.6B	(1.8B)
Bottom Line
Net Income	(4.3B)	(2.4B)	(3.1B)	4.7B	11.9B
Earnings from Cont. Ops	(17.5B)	(11.9B)	(19.6B)	5.2B	11.9B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(4.3B)	(2.4B)	(3.1B)	4.7B	5.0B
Per Share
Basic EPS	(₩677)	(₩372)	(₩479)	₩718	₩1,829
Diluted EPS	(₩677)	(₩372)	(₩479)	₩718	₩1,829
Revenue Per Share	₩13,213	₩12,836	₩15,502	₩16,207	₩17,012
Shares
Basic Shares Outstanding	6.4M	7.4M	6.5M	6.5M	6.5M
Diluted Shares Outstanding	6.4M	7.4M	6.5M	6.5M	6.5M
Profitability Metrics
EBITDA	5.5B	18.9B	10.8B	34.2B	36.4B
D&A	8.2B	12.2B	14.6B	14.3B	14.5B
EBIT	(2.6B)	6.7B	(3.9B)	20.0B	21.9B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026