Financials Kia Corporation

Equities

A000270

KR7000270009

Auto & Truck Manufacturers

End-of-day quote Korea S.E. Other stock markets 12/12/2025			5-day change	1st Jan Change
125,800.00 ^KRW	+2.36%		+1.78%	+24.93%

12-12	South Korea shares wrap up third straight week in gains	RE
12-12	South Korea shares set to cap third weekly gain	RE

Projected Income Statement: Kia Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	59,168	69,862	86,559	99,808	107,449	114,754	119,863	125,266
Change	-	18.07%	23.9%	15.31%	7.66%	6.8%	4.45%	4.51%
EBITDA ¹	4,286	7,287	9,656	13,961	15,216	12,161	13,459	14,306
Change	-	70.01%	32.51%	44.59%	8.99%	-20.08%	10.67%	6.29%
EBIT ¹	2,066	5,066	7,233	11,608	12,667	9,397	10,387	11,110
Change	-	145.14%	42.79%	60.48%	9.12%	-25.82%	10.54%	6.96%
Interest Paid ²	-234,524	-169,895	-232,983	-181,948	-101,489	-124,333	-103,000	-100,500
Earnings before Tax (EBT) ¹	1,841	6,394	7,502	12,677	13,520	10,626	11,747	12,616
Change	-	247.23%	17.33%	68.99%	6.65%	-21.4%	10.55%	7.4%
Net income ¹	1,503	4,760	5,409	8,777	9,791	7,877	8,688	9,334
Change	-	216.79%	13.63%	62.25%	11.55%	-19.55%	10.3%	7.44%
Announcement Date	27/01/21	26/01/22	27/01/23	24/01/24	24/01/25	-	-	-

¹KRW in Billions²KRW in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	16,911	16,582	18,339	17,753	17,188	18,357	21,876	23,162	23,164	23,691	26,244	25,545	24,328	26,213	27,568	26,520	27,148	28,018	29,350	28,686	28,854	29,207	31,188	30,040	30,889	30,243
Change	-	-1.94%	10.6%	-3.2%	-3.18%	6.8%	19.17%	5.88%	0.01%	2.27%	10.78%	-2.66%	-4.77%	7.75%	5.17%	-3.8%	2.37%	3.2%	4.75%	-2.26%	0.59%	1.22%	6.78%	-3.68%	2.82%	-2.09%
EBITDA ¹	1,836	1,639	2,047	1,904	1,697	-	2,841	1,388	-	3,468	-	-	-	4,039	4,270	3,511	3,397	3,637	3,409	2,148	2,798	-	-	-	-	-
Change	-	-10.72%	24.86%	-6.98%	-10.89%	-	-	-51.15%	-	-	-	-	-	-	5.72%	-17.77%	-3.25%	7.08%	-6.27%	-36.99%	30.26%	-	-	-	-	-
EBIT ¹	1,282	1,076	1,487	1,327	1,175	1,606	2,234	768.2	2,624	2,874	3,403	2,865	2,466	3,426	3,644	2,881	2,716	3,009	2,765	1,462	2,129	2,520	2,824	2,560	2,644	-
Change	-	-16.01%	38.16%	-10.77%	-11.45%	36.71%	39.07%	-65.61%	241.61%	9.51%	18.41%	-15.81%	-13.94%	38.93%	6.37%	-20.93%	-5.74%	10.77%	-8.1%	-47.11%	45.62%	18.36%	12.04%	-9.34%	3.28%	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,116	1,319	1,838	1,606	1,631	1,518	2,624	730	2,630	3,142	3,682	3,327	2,526	3,785	4,040	3,232	2,464	3,243	3,000	1,887	2,309	2,804	3,178	2,978	2,961	-
Change	-	18.2%	39.29%	-12.59%	1.52%	-6.91%	72.86%	-72.18%	260.3%	19.46%	17.19%	-9.66%	-24.06%	49.8%	6.75%	-20%	-23.76%	31.63%	-7.5%	-37.11%	22.36%	21.48%	13.33%	-6.3%	-0.56%	-
Net income ¹	976.8	1,035	1,343	1,135	1,248	1,033	1,881	458.7	2,037	2,120	2,817	2,220	1,620	2,808	2,957	2,268	1,758	1,758	2,269	1,425	1,757	2,114	2,343	2,191	2,092	-
Change	-	5.97%	29.75%	-15.5%	9.97%	-17.23%	82.14%	-75.61%	344.06%	4.06%	32.91%	-21.18%	-27.03%	73.31%	5.31%	-23.31%	-22.48%	0.01%	29.04%	-37.2%	23.34%	20.3%	10.82%	-6.5%	-4.52%	-
Announcement Date	27/01/21	22/04/21	22/07/21	27/10/21	26/01/22	25/04/22	22/07/22	25/10/22	27/01/23	26/04/23	27/07/23	27/10/23	24/01/24	26/04/24	26/07/24	25/10/24	24/01/25	25/04/25	25/07/25	31/10/25	-	-	-	-	-	-

¹KRW in Billions

Estimates

Forecast Balance Sheet: Kia Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-2,907	-8,195	-5,978	-16,733	-18,741	-17,555	-20,930	-24,551
Change	-	-181.91%	27.05%	-179.91%	-12%	6.33%	-19.23%	-17.3%
Announcement Date	27/01/21	26/01/22	27/01/23	24/01/24	24/01/25	-	-	-

¹KRW in Billions

Estimates

Cash Flow Forecast: Kia Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,662	1,320	1,495	2,335	3,485	3,483	3,378	3,373
Change	-	-20.6%	13.27%	56.24%	49.25%	-0.06%	-3.01%	-0.15%
Free Cash Flow (FCF) ¹	3,761,998	6,040,147	7,838,584	8,961,366	9,079,247	7,270,045	7,760,757	8,451,993
Change	-	60.56%	29.77%	14.32%	1.32%	-19.93%	6.75%	8.91%
Announcement Date	27/01/21	26/01/22	27/01/23	24/01/24	24/01/25	-	-	-

¹KRW in Million

Estimates

Forecast Financial Ratios: Kia Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	7.24%	10.43%	11.16%	13.99%	14.16%	10.6%	11.23%	11.42%
EBIT Margin (%)	3.49%	7.25%	8.36%	11.63%	11.79%	8.19%	8.67%	8.87%
EBT Margin (%)	3.11%	9.15%	8.67%	12.7%	12.58%	9.26%	9.8%	10.07%
Net margin (%)	2.54%	6.81%	6.25%	8.79%	9.11%	6.86%	7.25%	7.45%
FCF margin (%)	6,358.15%	8,645.78%	9,055.77%	8,978.57%	8,449.82%	6,335.35%	6,474.7%	6,747.25%
FCF / Net Income (%)	250,346.91%	126,881.85%	144,905.94%	102,100.91%	92,730.54%	92,297.5%	89,324.5%	90,545.89%
Profitability
ROA	2.59%	7.48%	7.7%	11.37%	11.27%	8.25%	8.52%	8.57%
ROE	5.1%	14.69%	14.57%	20.44%	19.09%	13.53%	13.64%	13.24%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.81%	1.89%	1.73%	2.34%	3.24%	3.04%	2.82%	2.69%
CAPEX / EBITDA (%)	38.78%	18.11%	15.48%	16.73%	22.9%	28.64%	25.1%	23.58%
CAPEX / FCF (%)	0.04%	0.02%	0.02%	0.03%	0.04%	0.05%	0.04%	0.04%
Items per share
Cash flow per share ¹	13,528	18,357	23,283	28,531	32,003	30,780	34,193	37,994
Change	-	35.69%	26.83%	22.54%	12.17%	-3.82%	11.09%	11.12%
Dividend per Share ¹	1,000	3,000	3,500	5,600	6,500	6,182	6,364	6,619
Change	-	200%	16.67%	60%	16.07%	-4.89%	2.94%	4.01%
Book Value Per Share ¹	74,556	87,077	98,135	117,576	141,812	153,754	170,420	187,657
Change	-	16.79%	12.7%	19.81%	20.61%	8.42%	10.84%	10.11%
EPS ¹	3,710	11,874	13,495	22,168	24,893	19,982	22,197	23,725
Change	-	220.05%	13.65%	64.27%	12.29%	-19.73%	11.09%	6.88%
Nbr of stocks (in thousands)	400,931	400,931	400,931	395,082	389,649	383,247	383,247	383,247
Announcement Date	27/01/21	26/01/22	27/01/23	24/01/24	24/01/25	-	-	-