GS Retail Co., Ltd. financial statements, 6 years: ROE ranged between 18.1% and 0.3%
Consolidated financial statements for 2020–2025 and the 2026 half-year report that GS Retail Co., Ltd. filed with DART, laid out by year. No interpretation or outlook.
GS Retail Co., Ltd. financial statements, 6 years: ROE ranged between 18.1% and 0.3%
The consolidated financial statements in the 2020–2025 annual reports that GS Retail Co., Ltd. (007070) 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 | 8.76tn | — | 275.2bn | — | 3.1% | 154.5bn |
| 2021 | 9.69tn | +10.57% | 219.5bn | −20.22% | 2.3% | 801.3bn |
| 2022 | 11.23tn | +15.85% | 245.1bn | +11.66% | 2.2% | 47.6bn |
| 2023 | 11.08tn | −1.30% | 314.5bn | +28.28% | 2.8% | 22.1bn |
| 2024 | 11.58tn | +4.50% | 256.1bn | −18.55% | 2.2% | 9.8bn |
| 2025 | 11.96tn | +3.26% | 292.1bn | +14.05% | 2.4% | 50.2bn |
Revenue was largest in 2025 at KRW 11.96tn and smallest in 2020 at KRW 8.76tn among the six years. It fell from the previous year once: 2023 (−1.30%).
Operating income was largest in 2023 at KRW 314.5bn and smallest in 2021 at KRW 219.5bn. The operating margin was highest in 2020 at 3.1%.
Net income was largest in 2021 at KRW 801.3bn and smallest in 2024 at KRW 9.8bn.
2. Financial position — equity became 1.23x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 7.18tn | 2.67tn | 169.1% | 54.9% |
| 2021 | 9.46tn | 4.41tn | 114.2% | 57.6% |
| 2022 | 9.83tn | 4.42tn | 122.5% | 62.9% |
| 2023 | 10.04tn | 4.43tn | 126.5% | 69.1% |
| 2024 | 7.58tn | 3.18tn | 138.3% | 78.0% |
| 2025 | 7.48tn | 3.28tn | 128.4% | 90.1% |
The debt ratio was highest in 2020 at 169.1% and lowest in 2021 at 114.2%.
Over the same period total assets went from KRW 7.18tn to KRW 7.48tn (1.04x), and total equity went from KRW 2.67tn to KRW 3.28tn and became 1.23x.
The current ratio was below 100% in all six years — current liabilities exceeded current assets every year. It ranged from 54.9% to 90.1%.
3. Cash flow — ROE high 18.1%, low 0.3%
| Fiscal year | Operating cash flow | Net income | Operating CF ÷ net income | ROE |
|---|---|---|---|---|
| 2020 | 806.0bn | 154.5bn | 5.22x | 5.8% |
| 2021 | 714.9bn | 801.3bn | 0.89x | 18.1% |
| 2022 | 712.5bn | 47.6bn | 14.97x | 1.1% |
| 2023 | 894.1bn | 22.1bn | 40.37x | 0.5% |
| 2024 | 660.2bn | 9.8bn | 67.42x | 0.3% |
| 2025 | 938.6bn | 50.2bn | 18.68x | 1.5% |
Operating cash flow was positive in all six years. It was largest in 2025 at KRW 938.6bn and smallest in 2024 at KRW 660.2bn.
ROE was highest in 2021 at 18.1% and lowest in 2024 at 0.3%.
4. Latest half-year report (end of H1, 56th 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 | 6.03tn | 5.73tn | +5.31% |
| Operating income | 167.7bn | 127.7bn | +31.36% |
| Net income | 107.2bn | 19.0bn | +462.97% |
| Finance income | 40.5bn | 28.1bn | +44.05% |
| Operating cash flow | 400.6bn | — | — |
At the end of the period, total assets were KRW 7.38tn, total liabilities KRW 4.03tn and total equity KRW 3.35tn.
The cumulative operating margin was 2.8%.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: GS, stake 58.62%
- Cash dividend per share KRW 600, payout ratio 115.40%, dividend yield 2.70%
- Employees: 7,304, average pay per employee KRW 67m
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 2026-10-15; ratios divide the filed account amounts.
This article is for information only and is not investment advice.