Financials S-Fuelcell co., Ltd.

Equities

End-of-day quote Korea S.E. Other stock markets 2026-03-11			5-day change	1st Jan Change
9,250.00 ^KRW	+2.10%		+20.60%	-11.48%

Nov. 14	S-Fuelcell Accelerates Efforts to Deploy Its Grid-Free, On-Site Modular Fuel Cell Platform Amid Global AI Data Center Growth and Escalating Power Infrastructure Convenities	CI
Nov. 05	S-Fuelcell co., Ltd. announces Annual dividend, payable on April 20, 2026	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	46.78	32.53	33.67	15.79	19.5	20
Change	-	-	-30.47%	3.51%	-53.11%	23.53%	2.56%
EBITDA ¹	-	2.776	-0.4934	-1.701	-4.4	-4.1	-4.4
Change	-	-	-117.78%	-244.81%	-158.61%	6.82%	-7.32%
EBIT ¹	-	1.192	-2.482	-4.137	-15.01	-6	-6
Change	-	-	-308.29%	-66.67%	-262.89%	60.03%	0%
Interest Paid	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	0.2215	-4.48	-2.26	-23.01	-8.4	-
Change	-	-	-2,122.34%	49.55%	-918.36%	63.5%	-
Net income ¹	4.883	0.8461	-2.345	-1.232	-23.01	-6.3	-
Change	-	-82.67%	-377.12%	47.46%	-1,768.26%	72.63%	-
Announcement Date	3/16/22	3/16/23	3/14/24	2/26/25	2/26/26	-	-

¹KRW in Billions

Estimates

Fiscal Period: December	2022 Q2	2022 Q3	2022 Q4	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	11.41	14.38	13.1	-	7.545	-	4.648	2.042	11.5
Change	-	25.96%	-8.85%	-	-	-	-	-56.07%	463.21%
EBITDA ¹	-	-	-	-	-3.381	-	-0.8784	-3.189	0.6
Change	-	-	-	-	-	-	-	-263.02%	118.82%
EBIT ¹	0.525	0.7878	-0.222	-	-4.036	-	-1.482	-3.722	0.1
Change	-	50.05%	-128.18%	-	-	-	-	-151.18%	102.69%
Charge d'intérêts	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	0.3913	0.6455	-0.4654	-	-	-	-	-	-
Change	-	64.99%	-172.09%	-	-	-	-	-	-
Net income	0.3101	0.5205	0.28	-1.368	-	-1.848	-	-	-
Change	-	67.83%	-46.2%	-588.48%	-	-	-	-	-
Announcement Date	8/16/22	11/14/22	3/16/23	11/14/24	2/26/25	5/15/25	8/14/25	11/14/25	-

¹KRW in Billions

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-25.2	-26.7	-16.5	-26.6	-24	-
Change	-	-	-5.95%	38.2%	-61.09%	9.77%	-
Announcement Date	3/16/22	3/16/23	3/14/24	2/26/25	2/26/26	-	-

¹KRW in Billions

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
CAPEX ¹	0.7462	0.1231	0.0569	0.5	0.3
Change	-	-83.5%	-53.79%	778.73%	-40%
Free Cash Flow (FCF) ¹	-7,403	3,153	6,938	9,500	-
Change	-	142.59%	120.07%	36.93%	-100%
Announcement Date	3/16/23	3/14/24	2/26/25	-	-

¹KRW in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	5.93%	-1.52%	-5.05%	-20.09%	-21.03%	-22%
EBIT Margin (%)	-	2.55%	-7.63%	-12.29%	-95.1%	-30.77%	-30%
EBT Margin (%)	-	0.47%	-13.77%	-6.71%	-145.79%	-43.08%	-
Net margin (%)	-	1.81%	-7.21%	-3.66%	-145.79%	-32.31%	-
FCF margin (%)	-	-15,826.16%	9,692.86%	20,607.9%	43,379%	-	-
FCF / Net Income (%)	-	-874,973.74%	-134,460.73%	-563,200.27%	-146,153.85%	-	-
Profitability
ROA	-	0.62%	-1.53%	-0.89%	-5.3%	-5.3%	-
ROE	-	1.2%	-3.27%	-1.8%	-40.94%	-10.9%	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	1.6%	0.38%	0.17%	2.28%	1.54%	-
CAPEX / EBITDA (%)	-	26.88%	-24.96%	-3.34%	-11.36%	-7.32%	-
CAPEX / FCF (%)	-	-0.01%	0%	0%	0.01%	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Dividend per Share ¹	-	50	50	50	50	50	-
Change	-	-	0%	0%	0%	0%	-
Book Value Per Share ¹	-	10,231	9,921	9,701	8,724	7,776	-
Change	-	-	-3.02%	-2.22%	-10.08%	-10.87%	-
EPS ¹	705	123	-337	-170	-927	-898	-
Change	-	-82.55%	-373.98%	49.55%	-445.29%	3.13%	-
Nbr of stocks (in thousands)	6,874	6,874	6,979	6,979	6,979	6,979	-
Announcement Date	3/16/22	3/16/23	3/14/24	2/26/25	-	-	-