Korea Gas Corporation financial statements, 6 years: Operating income of KRW 1.55tn but a net loss of KRW 747.4bn in 2023
Consolidated financial statements for 2020–2025 and the 2026 half-year report that Korea Gas Corporation filed with DART, laid out by year. No interpretation or outlook.
Korea Gas Corporation financial statements, 6 years: Operating income of KRW 1.55tn but a net loss of KRW 747.4bn in 2023
The consolidated financial statements in the 2020–2025 annual reports that Korea Gas Corporation (036460) filed with Korea’s DART electronic disclosure system, laid out by year. Figures from the 2026 half-year report cover a different period and are shown separately. Every figure below is taken as filed in the DART submissions; there is no interpretation or outlook. Amounts are in Korean won (KRW; bn = billion, tn = trillion).
1. Income statement — operating income and net income had opposite signs in 2 years
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2020 | 20.83tn | — | 898.9bn | — | 4.3% | −160.7bn |
| 2021 | 27.52tn | +32.10% | 1.24tn | +37.92% | 4.5% | 964.5bn |
| 2022 | 51.72tn | +87.95% | 2.46tn | +98.71% | 4.8% | 1.50tn |
| 2023 | 44.56tn | −13.86% | 1.55tn | −36.94% | 3.5% | −747.4bn |
| 2024 | 38.39tn | −13.84% | 3.00tn | +93.34% | 7.8% | 1.15tn |
| 2025 | 35.73tn | −6.93% | 2.10tn | −30.04% | 5.9% | 132.3bn |
Revenue was largest in 2022 at KRW 51.72tn and smallest in 2020 at KRW 20.83tn among the six years. It fell from the previous year 3 times: 2023 (−13.86%), 2024 (−13.84%), 2025 (−6.93%).
Operating income was largest in 2024 at KRW 3.00tn and smallest in 2020 at KRW 898.9bn. The operating margin was highest in 2024 at 7.8%.
Net income was largest in 2022 at KRW 1.50tn and smallest in 2023 at KRW −747.4bn.
2. Financial position — equity became 1.40x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 35.91tn | 7.74tn | 364.2% | 104.4% |
| 2021 | 43.67tn | 9.12tn | 378.9% | 93.8% |
| 2022 | 62.42tn | 10.41tn | 499.6% | 81.9% |
| 2023 | 57.25tn | 9.83tn | 482.7% | 77.2% |
| 2024 | 57.67tn | 10.83tn | 432.7% | 79.8% |
| 2025 | 53.63tn | 10.80tn | 396.6% | 79.1% |
The debt ratio was highest in 2022 at 499.6% and lowest in 2020 at 364.2%.
Over the same period total assets went from KRW 35.91tn to KRW 53.63tn (1.49x), and total equity went from KRW 7.74tn to KRW 10.80tn and became 1.40x.
The current ratio was below 100% in 5 years, 2021, 2022, 2023, 2024 and 2025 — in those years current liabilities exceeded current assets.
3. Cash flow — negative in 2 years
| Fiscal year | Operating cash flow | Net income | ROE |
|---|---|---|---|
| 2020 | 3.25tn | −160.7bn | −2.1% |
| 2021 | −2.07tn | 964.5bn | 10.6% |
| 2022 | −14.58tn | 1.50tn | 14.4% |
| 2023 | 5.89tn | −747.4bn | −7.6% |
| 2024 | 3.63tn | 1.15tn | 10.6% |
| 2025 | 6.54tn | 132.3bn | 1.2% |
Operating cash flow was negative in 2021 and 2022. It was largest in 2025 at KRW 6.54tn.
ROE was highest in 2022 at 14.4% and lowest in 2023 at −7.6%.
4. Latest half-year report (end of H1, 44th fiscal period, consolidated basis)
The period differs, so these figures cannot be compared directly with the annual tables above. Only cumulative figures for the same period of the previous year are compared.
| Item | 2026 cumulative | Same period last year | Change |
|---|---|---|---|
| Revenue | 19.31tn | 20.36tn | −5.17% |
| Operating income | 1.59tn | 1.24tn | +27.99% |
| Net income | 887.1bn | 452.3bn | +96.15% |
| Finance income | 1.15tn | 1.06tn | +8.52% |
| Operating cash flow | 4.24tn | — | — |
At the end of the period, total assets were KRW 52.35tn, total liabilities KRW 40.59tn and total equity KRW 11.76tn.
The cumulative operating margin was 8.2%.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: Government of the Republic of Korea, stake 26.15%
- Cash dividend per share KRW 1,154, payout ratio 75.70%, dividend yield 2.83%
- Employees: 4,289, average pay per employee KRW 102m
How to read this
This page lays out the filed figures by year and nothing more. Financial statements do not say why the numbers moved, so neither do we.
The order of publication follows revenue in the latest fiscal year and has nothing to do with the content.
To check the same figures, search for the company on DART and open the consolidated financial statements in its annual reports. Every number here was computed from the 2020–2025 annual reports and the interim report downloaded through the OpenDART API on 2026-09-24; ratios divide the filed account amounts.
This article is for information only and is not investment advice.