SK Networks Co., Ltd. financial statements, 6 years: Revenue shrank at an average 8.69% a year
Consolidated financial statements for 2020–2025 and the 2026 half-year report that SK Networks Co., Ltd. filed with DART, laid out by year. No interpretation or outlook.
SK Networks Co., Ltd. financial statements, 6 years: Revenue shrank at an average 8.69% a year
The consolidated financial statements in the 2020–2025 annual reports that SK Networks Co., Ltd. (001740) 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 compound annual growth rate of revenue was −8.69%
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2020 | 10.63tn | — | 123.9bn | — | 1.2% | 21.9bn |
| 2021 | 11.02tn | +3.69% | 122.0bn | −1.59% | 1.1% | 61.4bn |
| 2022 | 9.67tn | −12.27% | 154.2bn | +26.43% | 1.6% | 68.4bn |
| 2023 | 7.45tn | −22.89% | 80.5bn | −47.77% | 1.1% | 5.5bn |
| 2024 | 7.66tn | +2.73% | 113.9bn | +41.44% | 1.5% | 46.3bn |
| 2025 | 6.75tn | −11.91% | 86.3bn | −24.25% | 1.3% | 50.0bn |
Revenue was largest in 2021 at KRW 11.02tn and smallest in 2025 at KRW 6.75tn among the six years. It fell from the previous year 3 times: 2022 (−12.27%), 2023 (−22.89%), 2025 (−11.91%).
Operating income was largest in 2022 at KRW 154.2bn and smallest in 2023 at KRW 80.5bn. The operating margin was highest in 2022 at 1.6%.
Net income was largest in 2022 at KRW 68.4bn and smallest in 2023 at KRW 5.5bn.
2. Financial position — equity fell 9.8%
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 8.77tn | 2.25tn | 290.8% | 70.9% |
| 2021 | 9.41tn | 2.39tn | 293.9% | 78.2% |
| 2022 | 9.50tn | 2.45tn | 287.6% | 75.8% |
| 2023 | 9.11tn | 2.16tn | 322.6% | 60.7% |
| 2024 | 5.16tn | 2.05tn | 151.2% | 102.2% |
| 2025 | 5.04tn | 2.03tn | 148.8% | 102.8% |
The debt ratio was highest in 2023 at 322.6% and lowest in 2025 at 148.8%.
Over the same period total assets went from KRW 8.77tn to KRW 5.04tn (0.57x), and total equity went from KRW 2.25tn to KRW 2.03tn and fell 9.8%.
The current ratio was below 100% in 4 years, 2020, 2021, 2022 and 2023 — in those years current liabilities exceeded current assets.
3. Cash flow — negative in 2 years
| Fiscal year | Operating cash flow | Net income | Operating CF ÷ net income | ROE |
|---|---|---|---|---|
| 2020 | −149.9bn | 21.9bn | −6.86x | 1.0% |
| 2021 | 461.5bn | 61.4bn | 7.51x | 2.6% |
| 2022 | −317.4bn | 68.4bn | −4.64x | 2.8% |
| 2023 | 115.3bn | 5.5bn | 21.12x | 0.2% |
| 2024 | 276.4bn | 46.3bn | 5.97x | 2.2% |
| 2025 | 222.3bn | 50.0bn | 4.45x | 2.5% |
Operating cash flow was negative in 2020 and 2022. It was largest in 2021 at KRW 461.5bn.
ROE was highest in 2022 at 2.8% and lowest in 2023 at 0.2%.
4. Latest half-year report (end of H1, 74th 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 | 3.19tn | 3.15tn | +1.11% |
| Operating income | 58.1bn | 59.5bn | −2.29% |
| Net income | 92.4bn | 20.7bn | +346.11% |
| Finance income | 95.3bn | 48.6bn | +95.98% |
| Operating cash flow | −61.0bn | — | — |
At the end of the period, total assets were KRW 5.44tn, total liabilities KRW 3.24tn and total equity KRW 2.19tn.
The cumulative operating margin was 1.8%.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: SK, stake 43.90%
- Cash dividend per share KRW 250, payout ratio 97.00%, dividend yield 3.90%
- Employees: 1,576, 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 2026-10-27; ratios divide the filed account amounts.
This article is for information only and is not investment advice.