Lotte Wellfood Co.,Ltd

280360.KS

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

3,033

Cost of Revenue

2,137

Gross Profit

897

Gross Margin

29.6%

Operating Income

118

Operating Margin

3.9%

Net Income

Net Margin

2.1%

EPS (Basic)

$7.00

EPS (Diluted)

$7.00

EBITDA

273

EBITDA Margin

9.0%

2023

12/31/2023

Revenue

3,050

Cost of Revenue

2,201

Gross Profit

849

Gross Margin

27.8%

Operating Income

133

Operating Margin

4.4%

Net Income

Net Margin

1.7%

EPS (Basic)

$6.00

EPS (Diluted)

$6.00

EBITDA

262

EBITDA Margin

8.6%

2022

12/31/2022

Revenue

2,402

Cost of Revenue

1,718

Gross Profit

684

Gross Margin

28.5%

Operating Income

Operating Margin

3.5%

Net Income

Net Margin

1.5%

EPS (Basic)

$5.00

EPS (Diluted)

$5.00

EBITDA

175

EBITDA Margin

7.3%

2021

12/31/2021

Revenue

1,609

Cost of Revenue

1,059

Gross Profit

550

Gross Margin

34.2%

Operating Income

Operating Margin

5.1%

Net Income

Net Margin

1.6%

EPS (Basic)

$4.00

EPS (Diluted)

$4.00

EBITDA

144

EBITDA Margin

9.0%

2020

12/31/2020

Revenue

1,557

Cost of Revenue

1,018

Gross Profit

539

Gross Margin

34.6%

Operating Income

Operating Margin

5.4%

Net Income

Net Margin

2.0%

EPS (Basic)

$5.00

EPS (Diluted)

$5.00

EBITDA

154

EBITDA Margin

9.9%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	3,033	3,050	2,402	1,609	1,557
Cost of Revenue	2,137	2,201	1,718	1,059	1,018
Gross Profit	897	849	684	550	539
Gross Margin	29.6%	27.8%	28.5%	34.2%	34.6%
Operating Income	118	133	84	81	84
Operating Margin	3.9%	4.4%	3.5%	5.1%	5.4%
Net Income	63	53	35	26	31
Net Margin	2.1%	1.7%	1.5%	1.6%	2.0%
EPS (Basic)	$7.00	$6.00	$5.00	$4.00	$5.00
EPS (Diluted)	$7.00	$6.00	$5.00	$4.00	$5.00
EBITDA	273	262	175	144	154
EBITDA Margin	9.0%	8.6%	7.3%	9.0%	9.9%