Itcenglobal Co., Ltd. financial statements, 6 years: Operating income of KRW 30.5bn but a net loss of KRW 6.2bn in 2023
Consolidated financial statements for 2020–2025 and the 2026 half-year report that Itcenglobal Co., Ltd. filed with DART, laid out by year. No interpretation or outlook.
Itcenglobal Co., Ltd. financial statements, 6 years: Operating income of KRW 30.5bn but a net loss of KRW 6.2bn in 2023
The consolidated financial statements in the 2020–2025 annual reports that Itcenglobal Co., Ltd. (124500) 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 | 2.28tn | — | 14.6bn | — | 0.6% | 3.1bn |
| 2021 | 3.28tn | +44.21% | 31.5bn | +116.58% | 1.0% | −2.7bn |
| 2022 | 2.62tn | −20.11% | 30.4bn | −3.47% | 1.2% | 31.2bn |
| 2023 | 2.82tn | +7.41% | 30.5bn | +0.24% | 1.1% | −6.2bn |
| 2024 | 4.96tn | +76.26% | 58.6bn | +91.90% | 1.2% | 36.1bn |
| 2025 | 8.87tn | +78.78% | 279.9bn | +377.98% | 3.2% | 198.3bn |
Revenue was largest in 2025 at KRW 8.87tn and smallest in 2020 at KRW 2.28tn among the six years. It fell from the previous year once: 2022 (−20.11%).
Operating income was largest in 2025 at KRW 279.9bn and smallest in 2020 at KRW 14.6bn. The operating margin was highest in 2025 at 3.2%.
Net income was largest in 2025 at KRW 198.3bn and smallest in 2023 at KRW −6.2bn.
2. Financial position — equity became 2.58x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 541.9bn | 198.4bn | 173.2% | 137.8% |
| 2021 | 686.7bn | 240.9bn | 185.0% | 130.3% |
| 2022 | 830.5bn | 274.4bn | 202.6% | 116.8% |
| 2023 | 777.4bn | 284.4bn | 173.3% | 116.9% |
| 2024 | 945.4bn | 322.5bn | 193.2% | 119.4% |
| 2025 | 1.60tn | 511.8bn | 212.5% | 122.1% |
The debt ratio was highest in 2025 at 212.5% and lowest in 2020 at 173.2%.
Over the same period total assets went from KRW 541.9bn to KRW 1.60tn (2.95x), and total equity went from KRW 198.4bn to KRW 511.8bn and became 2.58x.
The current ratio was above 100% in all six years, ranging from 116.8% to 137.8%.
3. Cash flow — negative in 1 year
| Fiscal year | Operating cash flow | Net income | ROE |
|---|---|---|---|
| 2020 | 17.5bn | 3.1bn | 1.6% |
| 2021 | 3.6bn | −2.7bn | −1.1% |
| 2022 | 123.3bn | 31.2bn | 11.4% |
| 2023 | −29.3bn | −6.2bn | −2.2% |
| 2024 | 26.4bn | 36.1bn | 11.2% |
| 2025 | 238.2bn | 198.3bn | 38.7% |
Operating cash flow was negative in 2023. It was largest in 2025 at KRW 238.2bn.
ROE was highest in 2025 at 38.7% and lowest in 2023 at −2.2%.
4. Latest half-year report (end of H1, 23rd 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 | 5.58tn | 2.90tn | +92.22% |
| Operating income | 107.5bn | 55.4bn | +93.96% |
| Net income | 109.8bn | 43.4bn | +153.24% |
| Finance income | 129.3bn | 22.5bn | +473.64% |
| Operating cash flow | −188.3bn | — | — |
At the end of the period, total assets were KRW 1.53tn, total liabilities KRW 904.4bn and total equity KRW 621.5bn.
The cumulative operating margin was 1.9%.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: 강진모 (name as filed), stake 12.31%
- No cash dividend was reported in the 2025 annual report
- Employees: 164, 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 2026-10-20; ratios divide the filed account amounts.
This article is for information only and is not investment advice.