E-Mart Inc. financial statements, 6 years: Back to a profit in 2025 after a net loss of KRW 573.4bn in 2024
Consolidated financial statements for 2020–2025 and the 2026 half-year report that E-Mart Inc. filed with DART, laid out by year. No interpretation or outlook.
E-Mart Inc. financial statements, 6 years: Back to a profit in 2025 after a net loss of KRW 573.4bn in 2024
The consolidated financial statements in the 2020–2025 annual reports that E-Mart Inc. (139480) 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 — the sign of net income changed in 2 years
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2020 | 22.03tn | — | 237.2bn | — | 1.1% | 362.6bn |
| 2021 | 24.93tn | +13.16% | 316.8bn | +33.58% | 1.3% | 1.59tn |
| 2022 | 29.33tn | +17.65% | 135.7bn | −57.18% | 0.5% | 1.01tn |
| 2023 | 29.47tn | +0.48% | −46.9bn | turned to loss | −0.2% | −187.5bn |
| 2024 | 29.02tn | −1.53% | 47.1bn | turned to profit | 0.2% | −573.4bn |
| 2025 | 28.97tn | −0.17% | 322.5bn | +584.83% | 1.1% | 246.3bn |
Revenue was largest in 2023 at KRW 29.47tn and smallest in 2020 at KRW 22.03tn among the six years. It fell from the previous year twice: 2024 (−1.53%), 2025 (−0.17%).
Operating income was largest in 2025 at KRW 322.5bn and smallest in 2023 at KRW −46.9bn. The operating margin was highest in 2021 at 1.3%.
Net income was largest in 2021 at KRW 1.59tn and smallest in 2024 at KRW −573.4bn.
2. Financial position — equity became 1.30x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 22.34tn | 10.50tn | 112.8% | 67.8% |
| 2021 | 31.24tn | 12.40tn | 151.9% | 52.9% |
| 2022 | 33.20tn | 13.48tn | 146.2% | 58.8% |
| 2023 | 33.44tn | 13.83tn | 141.8% | 61.6% |
| 2024 | 33.93tn | 13.08tn | 159.3% | 96.5% |
| 2025 | 33.50tn | 13.70tn | 144.6% | 61.9% |
The debt ratio was highest in 2024 at 159.3% and lowest in 2020 at 112.8%.
Over the same period total assets went from KRW 22.34tn to KRW 33.50tn (1.50x), and total equity went from KRW 10.50tn to KRW 13.70tn and became 1.30x.
The current ratio was below 100% in all six years — current liabilities exceeded current assets every year. It ranged from 52.9% to 96.5%.
3. Cash flow — positive in all six years
| Fiscal year | Operating cash flow | Net income | ROE |
|---|---|---|---|
| 2020 | 1.39tn | 362.6bn | 3.5% |
| 2021 | 987.1bn | 1.59tn | 12.8% |
| 2022 | 745.7bn | 1.01tn | 7.5% |
| 2023 | 1.14tn | −187.5bn | −1.4% |
| 2024 | 1.46tn | −573.4bn | −4.4% |
| 2025 | 1.32tn | 246.3bn | 1.8% |
Operating cash flow was positive in all six years. It was largest in 2024 at KRW 1.46tn and smallest in 2022 at KRW 745.7bn.
ROE was highest in 2021 at 12.8% and lowest in 2024 at −4.4%.
4. Latest half-year report (end of H1, 16th 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 | 14.04tn | 14.26tn | −1.54% |
| Operating income | 135.3bn | 180.9bn | −25.24% |
| Net income | −57.4bn | 52.3bn | turned to loss |
| Finance income | 238.5bn | 285.3bn | −16.39% |
| Operating cash flow | 561.4bn | — | — |
At the end of the period, total assets were KRW 36.94tn, total liabilities KRW 21.14tn and total equity KRW 15.81tn.
The cumulative operating margin was 1.0%.
No rate of change is computed for net income, because the sign changed between the two periods.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: 정용진 (name as filed), stake 28.85%
- Cash dividend per share KRW 2,500, payout ratio 49.20%, dividend yield 2.38%
- Employees: 23,075, average pay per employee KRW 52m
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 2026-09-27; ratios divide the filed account amounts.
This article is for information only and is not investment advice.