Kolon Corporation financial statements, 6 years: Operating income of KRW 60.5bn but a net loss of KRW 296.6bn in 2025
Consolidated financial statements for 2020–2025 and the 2026 half-year report that Kolon Corporation filed with DART, laid out by year. No interpretation or outlook.
Kolon Corporation financial statements, 6 years: Operating income of KRW 60.5bn but a net loss of KRW 296.6bn in 2025
The consolidated financial statements in the 2020–2025 annual reports that Kolon Corporation (002020) 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 2025
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2020 | 4.89tn | — | 271.4bn | — | 5.5% | 152.5bn |
| 2021 | 5.41tn | +10.64% | 332.2bn | +22.38% | 6.1% | 156.8bn |
| 2022 | 5.66tn | +4.61% | 311.0bn | −6.39% | 5.5% | 166.9bn |
| 2023 | 5.88tn | +3.86% | 99.3bn | −68.06% | 1.7% | 15.4bn |
| 2024 | 5.92tn | +0.71% | −92.0bn | turned to loss | −1.6% | 172.0bn |
| 2025 | 5.89tn | −0.57% | 60.5bn | turned to profit | 1.0% | −296.6bn |
Revenue was largest in 2024 at KRW 5.92tn and smallest in 2020 at KRW 4.89tn among the six years. It fell from the previous year once: 2025 (−0.57%).
Operating income was largest in 2021 at KRW 332.2bn and smallest in 2024 at KRW −92.0bn. The operating margin was highest in 2021 at 6.1%.
Net income was largest in 2024 at KRW 172.0bn and smallest in 2025 at KRW −296.6bn.
2. Financial position — equity became 2.99x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 3.71tn | 809.1bn | 358.3% | 61.2% |
| 2021 | 3.97tn | 987.9bn | 301.5% | 69.5% |
| 2022 | 4.48tn | 1.15tn | 287.7% | 72.0% |
| 2023 | 5.23tn | 1.31tn | 299.2% | 77.0% |
| 2024 | 6.98tn | 2.35tn | 197.4% | 75.6% |
| 2025 | 7.45tn | 2.42tn | 207.3% | 55.8% |
The debt ratio was highest in 2020 at 358.3% and lowest in 2024 at 197.4%.
Over the same period total assets went from KRW 3.71tn to KRW 7.45tn (2.01x), and total equity went from KRW 809.1bn to KRW 2.42tn and became 2.99x.
The current ratio was below 100% in all six years — current liabilities exceeded current assets every year. It ranged from 55.8% to 77.0%.
3. Cash flow — negative in 2 years
| Fiscal year | Operating cash flow | Net income | ROE |
|---|---|---|---|
| 2020 | 333.1bn | 152.5bn | 18.9% |
| 2021 | 223.9bn | 156.8bn | 15.9% |
| 2022 | 239.1bn | 166.9bn | 14.4% |
| 2023 | −106.5bn | 15.4bn | 1.2% |
| 2024 | −179.7bn | 172.0bn | 7.3% |
| 2025 | 10.4bn | −296.6bn | −12.2% |
Operating cash flow was negative in 2023 and 2024. It was largest in 2020 at KRW 333.1bn.
ROE was highest in 2020 at 18.9% and lowest in 2025 at −12.2%.
4. Latest half-year report (end of H1, 72nd 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 | 3.23tn | 2.91tn | +10.70% |
| Operating income | 198.6bn | 81.8bn | +142.93% |
| Net income | 10.7bn | −103.7bn | turned to profit |
| Finance income | 43.7bn | 26.8bn | +62.87% |
| Operating cash flow | −18.8bn | — | — |
At the end of the period, total assets were KRW 7.92tn, total liabilities KRW 5.21tn and total equity KRW 2.72tn.
The cumulative operating margin was 6.2%.
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: 이웅열 (name as filed), stake 48.69%
- Cash dividend per share KRW 550, dividend yield 0.85%
- Employees: 91, average pay per employee KRW 108m
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 2026-10-30; ratios divide the filed account amounts.
This article is for information only and is not investment advice.