Poongsan Corporation financial statements, 6 years: Revenue went from KRW 2.59tn to KRW 5.05tn and became 1.95x
Consolidated financial statements for 2020–2025 and the 2026 half-year report that Poongsan Corporation filed with DART, laid out by year. No interpretation or outlook.
Poongsan Corporation financial statements, 6 years: Revenue went from KRW 2.59tn to KRW 5.05tn and became 1.95x
The consolidated financial statements in the 2020–2025 annual reports that Poongsan Corporation (103140) 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 — revenue peaked in 2025
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2020 | 2.59tn | — | 121.2bn | — | 4.7% | 71.9bn |
| 2021 | 3.51tn | +35.31% | 314.1bn | +159.16% | 8.9% | 243.4bn |
| 2022 | 4.37tn | +24.60% | 231.6bn | −26.27% | 5.3% | 175.3bn |
| 2023 | 4.13tn | −5.66% | 228.6bn | −1.29% | 5.5% | 156.4bn |
| 2024 | 4.55tn | +10.40% | 323.8bn | +41.61% | 7.1% | 236.0bn |
| 2025 | 5.05tn | +10.85% | 297.4bn | −8.14% | 5.9% | 147.2bn |
Revenue was largest in 2025 at KRW 5.05tn and smallest in 2020 at KRW 2.59tn among the six years. It fell from the previous year once: 2023 (−5.66%).
Operating income was largest in 2024 at KRW 323.8bn and smallest in 2020 at KRW 121.2bn. The operating margin was highest in 2021 at 8.9%.
Net income was largest in 2021 at KRW 243.4bn and smallest in 2020 at KRW 71.9bn.
2. Financial position — equity became 1.59x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 2.55tn | 1.45tn | 76.4% | 174.2% |
| 2021 | 3.15tn | 1.69tn | 86.8% | 167.7% |
| 2022 | 3.40tn | 1.84tn | 84.3% | 180.1% |
| 2023 | 3.66tn | 1.97tn | 86.2% | 165.6% |
| 2024 | 4.10tn | 2.20tn | 86.3% | 188.6% |
| 2025 | 4.33tn | 2.30tn | 88.4% | 190.5% |
The debt ratio was highest in 2025 at 88.4% and lowest in 2020 at 76.4%.
Over the same period total assets went from KRW 2.55tn to KRW 4.33tn (1.70x), and total equity went from KRW 1.45tn to KRW 2.30tn and became 1.59x.
The current ratio was above 100% in all six years, ranging from 165.6% to 190.5%.
3. Cash flow — negative in 2 years
| Fiscal year | Operating cash flow | Net income | Operating CF ÷ net income | ROE |
|---|---|---|---|---|
| 2020 | 114.5bn | 71.9bn | 1.59x | 5.0% |
| 2021 | −19.5bn | 243.4bn | −0.08x | 14.4% |
| 2022 | 136.6bn | 175.3bn | 0.78x | 9.5% |
| 2023 | 696.2bn | 156.4bn | 4.45x | 8.0% |
| 2024 | 39.9bn | 236.0bn | 0.17x | 10.7% |
| 2025 | −168.5bn | 147.2bn | −1.14x | 6.4% |
Operating cash flow was negative in 2021 and 2025. It was largest in 2023 at KRW 696.2bn.
ROE was highest in 2021 at 14.4% and lowest in 2020 at 5.0%.
4. Latest half-year report (end of H1, 19th 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 | 2.74tn | 2.45tn | +11.89% |
| Operating income | 215.4bn | 163.3bn | +31.89% |
| Net income | 160.5bn | 105.8bn | +51.74% |
| Finance income | 27.3bn | 9.3bn | +194.31% |
| Operating cash flow | −62.1bn | — | — |
At the end of the period, total assets were KRW 5.01tn, total liabilities KRW 2.56tn and total equity KRW 2.44tn.
The cumulative operating margin was 7.9%.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: Poongsan Holdings Corporation, stake 38.00%
- Cash dividend per share KRW 1,700, payout ratio 31.60%, dividend yield 1.40%
- Employees: 3,754, average pay per employee KRW 94m
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 2026-11-02; ratios divide the filed account amounts.
This article is for information only and is not investment advice.