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Notes Naver Finance

Meeting voting results

Annual 2026.03.26

Participation 71.4% Minority 5.6% Max. opposition 5.2% DART

1 제32기(2025.01.01~2025.12.31) 재무제표 및 이익잉여금 처분 승인의 건 Approved Approval 98.0%
2-1 전자주주총회 도입 관련 변경의 건 Approved Approval 99.7%
2-2 이사의 충실의무 확대 관련 변경의 건 Approved Approval 99.7%
2-3 사외이사의 명칭 변경의 건 Approved Approval 99.6%
2-4 부칙(2026.03.26. 개정) Approved Approval 99.6%
3-1 사내이사 류철한 선임의 건 Approved Approval 97.6%
3-2 사외이사 김봉환 선임의 건 Approved Approval 97.1%
3-3 사외이사 조상철 선임의 건 Approved Approval 97.6%
4 이사의 보수한도 승인의 건 Approved Approval 94.8%
5 감사의 보수한도 승인의 건 Approved Approval 96.3%

Previous meeting results

Financial indicators

Activism target signal — PBR 0.19 & Debt-to-equity ratio 18.6%

Market cap

3,369 × 100M KRW

Approx. 3,369 × 100M KRW excluding treasury shares

PBR

0.19

PER

5.1

ROE

3.35%

Dividend yield

3.69%

Debt-to-equity ratio

18.6%

Share price history

Share price

Daily close

Latest close

5-year high

5-year low

Use the period buttons above to adjust the range.

Shareholder distribution

Based on 2025 Annual report (2025-12-31)

Controlling shareholders total

69.70%

Minority shareholders (excl. related parties)

28.81%

Large outside holders (1%+)

1.48% (19 people)

Treasury shares

0.01%

Total shareholders

27,160 people

Annual earnings Trend

Financial statements

Consolidated · includes subsidiaries

BGF — Annual Consolidated Financial statements
Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Income statement
Revenue	3.1T KRW	3.4T KRW	4.3T KRW	882.5 × 100M KRW	1,243.5 × 100M KRW	2,205.9 × 100M KRW	1,333.9 × 100M KRW	1,543.8 × 100M KRW	2,067.7 × 100M KRW	4,350 × 100M KRW	3,563.9 × 100M KRW	4,340.9 × 100M KRW	4,694.7 × 100M KRW
Operating profit	1,050.3 × 100M KRW	1,241.2 × 100M KRW	1,836.2 × 100M KRW	101.9 × 100M KRW	109.5 × 100M KRW	294.7 × 100M KRW	263.6 × 100M KRW	146.4 × 100M KRW	115 × 100M KRW	612 × 100M KRW	605.7 × 100M KRW	552.3 × 100M KRW	611.7 × 100M KRW
Net income	700.5 × 100M KRW	1,014.7 × 100M KRW	1,528.4 × 100M KRW	1,846.2 × 100M KRW	3.5T KRW	472 × 100M KRW	175.2 × 100M KRW	178.8 × 100M KRW	359.8 × 100M KRW	261.8 × 100M KRW	691.4 × 100M KRW	947.8 × 100M KRW	564.2 × 100M KRW
Operating margin	3.36%	3.69%	4.24%	11.55%	8.81%	13.36%	19.76%	9.48%	5.56%	14.07%	17.00%	12.72%	13.03%
Balance sheet
Total assets	1.2T KRW	1.3T KRW	1.6T KRW	1.9T KRW	8,581.2 × 100M KRW	1.6T KRW	1.7T KRW	1.7T KRW	2T KRW	1.9T KRW	2.2T KRW	2.3T KRW	2.4T KRW
Total liabilities	9,569.2 × 100M KRW	7,663.9 × 100M KRW	8,479 × 100M KRW	9,754.4 × 100M KRW	1,328.9 × 100M KRW	1,091.3 × 100M KRW	1,291.3 × 100M KRW	1,211.1 × 100M KRW	2,488.6 × 100M KRW	2,014.9 × 100M KRW	2,706.2 × 100M KRW	3,198.8 × 100M KRW	3,750.6 × 100M KRW
Total equity	2,029.6 × 100M KRW	5,720.8 × 100M KRW	7,737.2 × 100M KRW	9,421.6 × 100M KRW	7,252.3 × 100M KRW	1.5T KRW	1.5T KRW	1.5T KRW	1.7T KRW	1.7T KRW	1.9T KRW	2T KRW	2T KRW
Cash flow statement
Operating cash flow	-	-	-	-	-	-	-	-	-	-	-	491.9 × 100M KRW	526.7 × 100M KRW
Investing cash flow	-	-	-	-	-	-	-	-	-	-	-	-481.4 × 100M KRW	-1,493.4 × 100M KRW
Financing cash flow	-	-	-	-	-	-	-	-	-	-	-	309.4 × 100M KRW	399.8 × 100M KRW
Investment indicators
ROE	34.51%	17.74%	19.75%	19.60%	482.31%	3.11%	1.15%	1.16%	2.08%	1.51%	3.64%	4.78%	2.79%
Debt-to-equity ratio	471.47%	133.96%	109.59%	103.53%	18.32%	7.20%	8.45%	7.88%	14.36%	11.60%	14.24%	16.15%	18.55%
Separate total assets	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-
PER	-	-	-	-	-	-	-	-	-	-	-	-	-
PBR	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per share	KRW 400	KRW 600	KRW 1,200	KRW 800	KRW 200	KRW 35	KRW 110	KRW 110	KRW 110	KRW 110	KRW 120	KRW 130	KRW 130
Detailed accounts
Current assets	-	-	9,475.7 × 100M KRW	-	-	3,152.2 × 100M KRW	-	-	4,687.6 × 100M KRW	-	-	4,880 × 100M KRW	4,640.3 × 100M KRW
Non-current assets	-	-	6,740.5 × 100M KRW	-	-	1.3T KRW	-	-	1.5T KRW	-	-	1.8T KRW	1.9T KRW
Current liabilities	-	-	6,901.9 × 100M KRW	-	-	576.7 × 100M KRW	-	-	1,143.8 × 100M KRW	-	-	1,789.7 × 100M KRW	1,771.6 × 100M KRW
Non-current liabilities	-	-	1,577.1 × 100M KRW	-	-	514.6 × 100M KRW	-	-	1,344.8 × 100M KRW	-	-	1,409.1 × 100M KRW	1,979 × 100M KRW
Equity attributable to owners	-	-	-	-	-	-	-	-	-	-	-	1.7T KRW	1.8T KRW
Share capital	-	-	-	-	-	953.7 × 100M KRW	-	-	957.2 × 100M KRW	-	-	957.2 × 100M KRW	957.2 × 100M KRW
Capital surplus	-	-	-	-	-	-	-	-	-	-	-	6,801.3 × 100M KRW	6,786.3 × 100M KRW
Other equity	-	-	-	-	-	-	-	-	-	-	-	864.3 × 100M KRW	-
Accumulated other comprehensive income	-	-	-	-	-	-	-	-	-	-	-	-243.5 × 100M KRW	-245.6 × 100M KRW
Retained earnings	-	-	6,494.1 × 100M KRW	-	-	6,508.7 × 100M KRW	-	-	7,442.9 × 100M KRW	-	-	9,041.3 × 100M KRW	9,510.8 × 100M KRW
Non-controlling interests	-	-	-	-	-	-	-	-	-	-	-	2,390.4 × 100M KRW	2,350 × 100M KRW

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

BGF — Quarterly Consolidated Financial statements
Item	24/3	24/6	24/9	24/12	25/3	25/6	25/9	25/12	26/3	26/6
Income statement
Revenue	1,185.5 × 100M KRW	1,134.9 × 100M KRW	1,109.2 × 100M KRW	1,126.8 × 100M KRW	1,059.5 × 100M KRW	1,230.1 × 100M KRW	1,284.5 × 100M KRW	1,120.6 × 100M KRW	1,048.9 × 100M KRW	1,235.7 × 100M KRW
Operating profit	113.2 × 100M KRW	165.3 × 100M KRW	211 × 100M KRW	87.7 × 100M KRW	51.5 × 100M KRW	173.1 × 100M KRW	268.8 × 100M KRW	118.3 × 100M KRW	84.8 × 100M KRW	136.5 × 100M KRW
Net income	-	-	-	-	45 × 100M KRW	142.3 × 100M KRW	260.8 × 100M KRW	116 × 100M KRW	-	-
Operating margin	9.55%	14.56%	19.02%	7.79%	4.86%	14.07%	20.92%	10.56%	8.09%	11.04%
Balance sheet
Total assets	2.2T KRW	2.2T KRW	2.2T KRW	2.3T KRW	2.3T KRW	2.3T KRW	2.4T KRW	2.4T KRW	2.4T KRW	2.5T KRW
Total liabilities	2,820.6 × 100M KRW	2,670.4 × 100M KRW	2,424.6 × 100M KRW	3,198.8 × 100M KRW	3,249.2 × 100M KRW	3,153.5 × 100M KRW	3,456.7 × 100M KRW	3,750.6 × 100M KRW	3,967.7 × 100M KRW	4,335.2 × 100M KRW
Total equity	1.9T KRW	1.9T KRW	2T KRW	2T KRW	2T KRW	2T KRW	2T KRW	2T KRW	2T KRW	2T KRW
Cash flow statement
Operating cash flow	172.3 × 100M KRW	185.5 × 100M KRW	107.6 × 100M KRW	26.5 × 100M KRW	18.8 × 100M KRW	282.2 × 100M KRW	75.4 × 100M KRW	150.3 × 100M KRW	-173.9 × 100M KRW	428.6 × 100M KRW
Investing cash flow	-406.4 × 100M KRW	-39.7 × 100M KRW	454.9 × 100M KRW	-490.1 × 100M KRW	-478.4 × 100M KRW	-447.9 × 100M KRW	-164.8 × 100M KRW	-402.4 × 100M KRW	-41.3 × 100M KRW	-901 × 100M KRW
Financing cash flow	-33.2 × 100M KRW	-138.6 × 100M KRW	58.1 × 100M KRW	423 × 100M KRW	25.8 × 100M KRW	-123.7 × 100M KRW	303.8 × 100M KRW	193.9 × 100M KRW	182.6 × 100M KRW	235.4 × 100M KRW
Investment indicators
Debt-to-equity ratio	14.85%	13.93%	12.33%	16.15%	16.47%	15.91%	17.20%	18.55%	19.64%	21.30%
EPS	-	-	-	-	-	-	-	-	-	-
Detailed accounts
Current assets	4,313.1 × 100M KRW	4,920.1 × 100M KRW	4,623.3 × 100M KRW	4,880 × 100M KRW	4,883.6 × 100M KRW	4,546.6 × 100M KRW	4,709.7 × 100M KRW	4,640.3 × 100M KRW	4,819.1 × 100M KRW	4,508.2 × 100M KRW
Non-current assets	1.8T KRW	1.7T KRW	1.7T KRW	1.8T KRW	1.8T KRW	1.8T KRW	1.9T KRW	1.9T KRW	1.9T KRW	2T KRW
Current liabilities	1,417.1 × 100M KRW	1,406.7 × 100M KRW	1,022.1 × 100M KRW	1,789.7 × 100M KRW	1,822.7 × 100M KRW	1,566.7 × 100M KRW	1,602.1 × 100M KRW	1,771.6 × 100M KRW	1,807.1 × 100M KRW	1,868.7 × 100M KRW
Non-current liabilities	1,403.5 × 100M KRW	1,263.7 × 100M KRW	1,402.5 × 100M KRW	1,409.1 × 100M KRW	1,426.5 × 100M KRW	1,586.8 × 100M KRW	1,854.6 × 100M KRW	1,979 × 100M KRW	2,160.5 × 100M KRW	2,466.4 × 100M KRW
Equity attributable to owners	1.7T KRW	1.7T KRW	1.7T KRW	1.7T KRW	1.7T KRW	1.7T KRW	1.8T KRW	1.8T KRW	1.8T KRW	1.8T KRW
Share capital	957.2 × 100M KRW	957.2 × 100M KRW	957.2 × 100M KRW	957.2 × 100M KRW	957.2 × 100M KRW	957.2 × 100M KRW	957.2 × 100M KRW	957.2 × 100M KRW	957.2 × 100M KRW	957.2 × 100M KRW
Capital surplus	6,801.3 × 100M KRW	6,801.3 × 100M KRW	6,801.3 × 100M KRW	6,801.3 × 100M KRW	6,801.3 × 100M KRW	6,801.3 × 100M KRW	6,801.3 × 100M KRW	6,786.3 × 100M KRW	6,786.3 × 100M KRW	6,786.3 × 100M KRW
Other equity	-	-	-	864.3 × 100M KRW	864.3 × 100M KRW	864.3 × 100M KRW	864.3 × 100M KRW	-	-	-
Accumulated other comprehensive income	-226.9 × 100M KRW	-236.5 × 100M KRW	-252.6 × 100M KRW	-243.5 × 100M KRW	-241.1 × 100M KRW	-272.4 × 100M KRW	-266 × 100M KRW	-245.6 × 100M KRW	-228.2 × 100M KRW	-228 × 100M KRW
Retained earnings	8,232.2 × 100M KRW	8,407.9 × 100M KRW	8,934.1 × 100M KRW	9,041.3 × 100M KRW	8,965.8 × 100M KRW	9,115 × 100M KRW	9,376.3 × 100M KRW	9,510.8 × 100M KRW	9,483.1 × 100M KRW	9,654.7 × 100M KRW
Non-controlling interests	2,469.4 × 100M KRW	2,474.5 × 100M KRW	2,364.1 × 100M KRW	2,390.4 × 100M KRW	2,376.7 × 100M KRW	2,358.9 × 100M KRW	2,363.3 × 100M KRW	2,350 × 100M KRW	2,341.9 × 100M KRW	2,317.6 × 100M KRW

Income figures cover the quarter, not the year to date. Balance sheet figures are quarter-end balances.

Quarterly cash flow is calculated from changes in cumulative totals.

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

Separate · this company only

BGF — Annual Separate Financial statements
Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Income statement
Revenue	3.1T KRW	3.3T KRW	4.3T KRW	-	-	-	-	-	-	495 × 100M KRW	603.6 × 100M KRW	557.4 × 100M KRW	491.3 × 100M KRW
Operating profit	944.8 × 100M KRW	1,124.6 × 100M KRW	1,747.8 × 100M KRW	-21.7 × 100M KRW	-15.9 × 100M KRW	660.9 × 100M KRW	143.9 × 100M KRW	317.8 × 100M KRW	191 × 100M KRW	267.1 × 100M KRW	435.4 × 100M KRW	375.8 × 100M KRW	318.1 × 100M KRW
Net income	610.6 × 100M KRW	975.7 × 100M KRW	1,511.2 × 100M KRW	1,673.9 × 100M KRW	3.5T KRW	661.4 × 100M KRW	22.9 × 100M KRW	221.8 × 100M KRW	524.2 × 100M KRW	-133 × 100M KRW	733.5 × 100M KRW	686.6 × 100M KRW	333.8 × 100M KRW
Operating margin	3.07%	3.40%	4.11%	-	-	-	-	-	-	53.96%	72.14%	67.43%	64.75%
Balance sheet
Total assets	1T KRW	1.2T KRW	1.5T KRW	1.7T KRW	6,997.4 × 100M KRW	1.5T KRW	1.5T KRW	1.5T KRW	1.6T KRW	1.5T KRW	1.6T KRW	1.6T KRW	1.7T KRW
Total liabilities	8,261.1 × 100M KRW	6,325.6 × 100M KRW	7,477.6 × 100M KRW	8,599 × 100M KRW	573.6 × 100M KRW	384.9 × 100M KRW	385.2 × 100M KRW	398.5 × 100M KRW	536.4 × 100M KRW	478.1 × 100M KRW	509.2 × 100M KRW	612.2 × 100M KRW	566.5 × 100M KRW
Total equity	2,005.7 × 100M KRW	5,512.1 × 100M KRW	7,124.4 × 100M KRW	8,476.5 × 100M KRW	6,423.7 × 100M KRW	1.4T KRW	1.5T KRW	1.5T KRW	1.5T KRW	1.5T KRW	1.5T KRW	1.6T KRW	1.6T KRW
Cash flow statement
Operating cash flow	-	-	-	-	-	-	-	-	-	-	-	393.6 × 100M KRW	279.4 × 100M KRW
Investing cash flow	-	-	-	-	-	-	-	-	-	-	-	117.8 × 100M KRW	-345.7 × 100M KRW
Financing cash flow	-	-	-	-	-	-	-	-	-	-	-	-116.4 × 100M KRW	-118.7 × 100M KRW
Investment indicators
ROE	30.44%	17.70%	21.21%	19.75%	546.09%	4.56%	0.16%	1.52%	3.49%	-0.91%	4.80%	4.33%	2.08%
Debt-to-equity ratio	411.88%	114.76%	104.96%	101.45%	8.93%	2.66%	2.66%	2.73%	3.57%	3.26%	3.33%	3.86%	3.53%
Separate total assets	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-
PER	-	-	-	-	-	-	-	-	-	-	-	-	-
PBR	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per share	KRW 400	KRW 600	KRW 1,200	KRW 800	KRW 200	KRW 35	KRW 110	KRW 110	KRW 110	KRW 110	KRW 120	KRW 130	KRW 130
Detailed accounts
Current assets	-	-	7,857.3 × 100M KRW	-	-	2,536.1 × 100M KRW	-	-	1,365.5 × 100M KRW	-	-	1,982.4 × 100M KRW	2,161.5 × 100M KRW
Non-current assets	-	-	6,744.7 × 100M KRW	-	-	1.2T KRW	-	-	1.4T KRW	-	-	1.4T KRW	1.4T KRW
Current liabilities	-	-	5,861.1 × 100M KRW	-	-	114.3 × 100M KRW	-	-	140.1 × 100M KRW	-	-	192.9 × 100M KRW	59.3 × 100M KRW
Non-current liabilities	-	-	1,616.5 × 100M KRW	-	-	270.6 × 100M KRW	-	-	396.3 × 100M KRW	-	-	419.3 × 100M KRW	507.2 × 100M KRW
Share capital	-	-	-	-	-	953.7 × 100M KRW	-	-	957.2 × 100M KRW	-	-	957.2 × 100M KRW	957.2 × 100M KRW
Capital surplus	-	-	-	-	-	-	-	-	-	-	-	6,801.3 × 100M KRW	6,786.3 × 100M KRW
Other equity	-	-	-	-	-	-	-	-	-	-	-	162.9 × 100M KRW	-
Retained earnings	-	-	6,312.1 × 100M KRW	-	-	6,447.6 × 100M KRW	-	-	6,962.3 × 100M KRW	-	-	7,933.3 × 100M KRW	8,137.2 × 100M KRW

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

BGF — Quarterly Separate Financial statements
Item	24/3	24/6	24/9	24/12	25/3	25/6	25/9	25/12	26/3	26/6
Income statement
Revenue	-	-	-	-	-	-	-	-	296.9 × 100M KRW	-
Operating profit	-	-	-	-	-	-	-	-	254.9 × 100M KRW	-
Net income	-	-	-	-	-	-	-	-	-	-
Operating margin	-	-	-	-	-	-	-	-	85.87%	-
Balance sheet
Total assets	-	-	-	-	-	-	-	-	1.7T KRW	-
Total liabilities	-	-	-	-	-	-	-	-	690.5 × 100M KRW	-
Total equity	-	-	-	-	-	-	-	-	1.6T KRW	-
Cash flow statement
Operating cash flow	-	-	-	-	-	-	-	-	24.1 × 100M KRW	-
Investing cash flow	-	-	-	-	-	-	-	-	84.1 × 100M KRW	-
Financing cash flow	-	-	-	-	-	-	-	-	1,189 × 10,000 KRW	-
Investment indicators
Debt-to-equity ratio	-	-	-	-	-	-	-	-	4.27%	-
EPS	-	-	-	-	-	-	-	-	-	-
Detailed accounts
Current assets	-	-	-	1,982.4 × 100M KRW	-	-	-	2,161.5 × 100M KRW	2,405.3 × 100M KRW	-
Non-current assets	-	-	-	1.4T KRW	-	-	-	1.4T KRW	1.4T KRW	-
Current liabilities	-	-	-	192.9 × 100M KRW	-	-	-	59.3 × 100M KRW	177.1 × 100M KRW	-
Non-current liabilities	-	-	-	419.3 × 100M KRW	-	-	-	507.2 × 100M KRW	513.3 × 100M KRW	-
Share capital	-	-	-	957.2 × 100M KRW	-	-	-	957.2 × 100M KRW	957.2 × 100M KRW	-
Capital surplus	-	-	-	6,801.3 × 100M KRW	-	-	-	6,786.3 × 100M KRW	6,786.3 × 100M KRW	-
Other equity	-	-	-	162.9 × 100M KRW	-	-	-	-	-	-
Retained earnings	-	-	-	7,933.3 × 100M KRW	-	-	-	8,137.2 × 100M KRW	8,270.4 × 100M KRW	-

Income figures cover the quarter, not the year to date. Balance sheet figures are quarter-end balances.

Quarterly cash flow is calculated from changes in cumulative totals.

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

Legacy summaries and estimates; may include data with unverified accounting scope.

BGF — Annual Legacy summary & estimates Financial statements
Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023 Consolidated	2024 Consolidated	2025 Consolidated	2026 E
Income statement
Revenue	3.1T KRW	3.4T KRW	4.3T KRW	882.5 × 100M KRW	1,243.5 × 100M KRW	2,205.9 × 100M KRW	1,333.9 × 100M KRW	1,543.8 × 100M KRW	2,067.7 × 100M KRW	4,350 × 100M KRW	3,563.9 × 100M KRW	4,340.9 × 100M KRW	4,694.7 × 100M KRW	4,740 × 100M KRW
Operating profit	1,050.3 × 100M KRW	1,241.2 × 100M KRW	1,836.2 × 100M KRW	101.9 × 100M KRW	109.5 × 100M KRW	294.7 × 100M KRW	263.6 × 100M KRW	146.4 × 100M KRW	115 × 100M KRW	612 × 100M KRW	605.7 × 100M KRW	552.3 × 100M KRW	611.7 × 100M KRW	590 × 100M KRW
Net income	-	-	-	1,846.2 × 100M KRW	3.5T KRW	472 × 100M KRW	175.2 × 100M KRW	178.8 × 100M KRW	359.8 × 100M KRW	261.8 × 100M KRW	691.4 × 100M KRW	947.8 × 100M KRW	564.2 × 100M KRW	590 × 100M KRW
Operating margin	3.36%	3.69%	4.24%	11.55%	8.81%	13.36%	19.76%	9.48%	5.56%	14.07%	17.00%	12.72%	13.03%	12.45%
Balance sheet
Total assets	-	-	-	-	-	-	-	-	-	-	2.2T KRW	2.3T KRW	2.4T KRW	-
Total liabilities	9,569.2 × 100M KRW	7,663.9 × 100M KRW	8,479 × 100M KRW	9,754.4 × 100M KRW	1,328.9 × 100M KRW	1,091.3 × 100M KRW	1,291.3 × 100M KRW	1,211.1 × 100M KRW	2,488.6 × 100M KRW	2,014.9 × 100M KRW	2,706.2 × 100M KRW	3,198.8 × 100M KRW	3,750.6 × 100M KRW	-
Total equity	2,029.6 × 100M KRW	5,720.8 × 100M KRW	7,737.2 × 100M KRW	9,421.6 × 100M KRW	7,252.3 × 100M KRW	1.5T KRW	1.5T KRW	1.5T KRW	1.7T KRW	1.7T KRW	1.9T KRW	2T KRW	2T KRW	-
Investment indicators
ROE	-	-	-	19.60%	482.31%	3.11%	1.15%	1.16%	2.08%	1.51%	3.64%	4.78%	2.79%	-
Debt-to-equity ratio	471.47%	133.96%	109.59%	103.53%	18.32%	7.20%	8.45%	7.88%	14.36%	11.60%	14.24%	16.15%	18.55%	-
Separate total assets	-	-	-	-	-	-	-	-	-	-	1.6T KRW	1.6T KRW	1.7T KRW	-
EPS	-	-	-	-	-	-	-	-	-	KRW 247	KRW 813	KRW 963	KRW 618	KRW 658
PER	-	-	-	-	-	-	-	-	-	17.45×	4.69×	3.58×	6.30×	5.39×
PBR	-	-	-	-	-	-	-	-	-	0.26	0.22	0.19	0.21	-
Dividend per share	KRW 400	KRW 600	KRW 1,200	KRW 800	KRW 200	KRW 35	KRW 110	KRW 110	KRW 110	KRW 110	KRW 120	KRW 130	KRW 130	KRW 130

BGF — Quarterly Legacy summary & estimates Financial statements
Item	24/3 Consolidated	24/6 Consolidated	24/9 Consolidated	24/12 Consolidated	25/3 Consolidated	25/6 Consolidated	25/9 Consolidated	25/12 Consolidated	26/3 Consolidated	26/6 Consolidated
Income statement
Revenue	1,185.5 × 100M KRW	1,134.9 × 100M KRW	1,109.2 × 100M KRW	1,126.8 × 100M KRW	1,059.5 × 100M KRW	1,230.1 × 100M KRW	1,284.5 × 100M KRW	1,120.6 × 100M KRW	1,048.9 × 100M KRW	1,235.7 × 100M KRW
Operating profit	113.2 × 100M KRW	165.3 × 100M KRW	211 × 100M KRW	87.7 × 100M KRW	51.5 × 100M KRW	173.1 × 100M KRW	268.8 × 100M KRW	118.3 × 100M KRW	84.8 × 100M KRW	136.5 × 100M KRW
Net income	-	-	-	-	45 × 100M KRW	142.3 × 100M KRW	260.8 × 100M KRW	116 × 100M KRW	-	-
Operating margin	9.55%	14.56%	19.02%	7.79%	4.86%	14.07%	20.92%	10.56%	8.09%	11.04%
Balance sheet
Total assets	2.2T KRW	2.2T KRW	2.2T KRW	2.3T KRW	2.3T KRW	2.3T KRW	2.4T KRW	2.4T KRW	2.4T KRW	2.5T KRW
Total liabilities	2,820.6 × 100M KRW	2,670.4 × 100M KRW	2,424.6 × 100M KRW	3,198.8 × 100M KRW	3,249.2 × 100M KRW	3,153.5 × 100M KRW	3,456.7 × 100M KRW	3,750.6 × 100M KRW	3,967.7 × 100M KRW	4,335.2 × 100M KRW
Total equity	1.9T KRW	1.9T KRW	2T KRW	2T KRW	2T KRW	2T KRW	2T KRW	2T KRW	2T KRW	2T KRW
Investment indicators
Debt-to-equity ratio	14.85%	13.93%	12.33%	16.15%	16.47%	15.91%	17.20%	18.55%	19.64%	21.30%
EPS	-	-	-	-	-	-	-	-	-	-

Income figures cover the quarter, not the year to date. Balance sheet figures are quarter-end balances.

Property holdings

Total book value

3,977 × 100M KRW

Total assessed land value

3,828 × 100M KRW

Ratio to market cap

118.0%

Land

1 records

Buildings

1 records

Category	Location	Use	Area	Book value	Assessed land value
Land Unverified	Location unknown	-	-	1,753 × 100M KRW	-
투자부동산 Unverified	Location unknown	임대용	-	1,377 × 100M KRW	3,828 × 100M KRW
Building Unverified	Location unknown	-	-	847 × 100M KRW	-

Ownership structure

Is a listed company shown as unlisted?

Corporate shareholders

Corporate and institutional holders identified in collected disclosures. This is not a complete shareholder register. Reporting-group holdings may overlap with individual holdings.

Business report analysis

Analysis date 2026.05.25 23:46 | Based on 2025 Annual report

Unverified Original business report

사업 개요

BGF는 순수 지주회사로서 자회사 및 기타 투자회사의 주식 또는 지분을 취득·소유하고, 자회사의 사업을 지배·경영·관리하는 사업을 영위합니다.
자본금 변동상황 표에는 1994년 12월 1일 설립자본금이 기재되어 있으며, 주요 사업 내용은 지주회사입니다.

주요 매출원

배당금수익: 235억원 (전체 매출유형별 실적의 약 47.9%)
상품권수익: 182억원 (약 37.1%)
임대수익 및 기타: 56억원 (약 11.4%)
경영지원용역수익: 18억원 (약 3.7%)
합계: 491억원

원가 구조 / 비용 특성

별도 손익계산서 기준 2025년 영업수익은 약 491억원, 영업비용은 약 173억원, 영업이익은 약 318억원입니다.
영업이익률은 약 64.7%로, 2024년 약 67.4%보다 하락했습니다.

자회사

BGF에코머티리얼즈: 소재/화학 사업을 영위하며, BGF가 43,904,053주, 69.95%를 보유합니다.

Employees

54 people

Subsidiaries

1 items

Material subsequent events

해당사항 없음.

Articles of incorporation analysis

Analysis date 2026.06.20 03:25 | Last amended 2024.03.21

Unverified Original articles of incorporation

주주친화

동등배당: 배당기준일 현재 발행 또는 전환된 동종 주식에 대해 발행일과 관계없이 동등하게 배당한다 (제15조)
중간배당: 회계연도 중 1회 이사회 결의로 중간배당을 할 수 있다 (제52조)

주주비친화

집중투표제 명시적 배제: 상법 제382조의2에서 규정하는 집중투표제를 적용하지 않아 소수주주 이사 선임을 어렵게 한다 (제32조①)
soft 시차임기제: 이사 임기를 3년 이내로 두고 선임 시 정하도록 해 이사별 임기 차등 운용이 가능하므로 이사회 일괄 교체와 집중투표제 효과를 약화시킬 수 있다 (제33조①)
이사회 결의만으로 5,000억원 전환사채 제3자 배정: 긴급 자금조달, 기술도입, 경영상 목적 등 사유로 주주 외의 자에게 전환사채를 발행할 수 있어 경영권 분쟁 시 우호지분 확보 수단이 될 수 있다 (제19조①)
이사회 결의만으로 5,000억원 신주인수권부사채 제3자 배정: 유사한 사유로 주주 외의 자에게 신주인수권부사채를 발행할 수 있어 지분 희석 위험이 있다 (제20조①)
이사 책임감경 조항: 주주총회 결의로 이사의 책임을 최근 1년 보수액의 6배, 사외이사는 3배 초과분에 대해 면제할 수 있어 주주대표소송의 실효성을 낮출 수 있다 (제36조)
이사회 의장-대표이사 미분리: 이사회 의장은 대표이사가 맡는 구조로 감독기능의 독립성이 약하다 (제37조④)

기타 주목 조항

종류주식 전환 트리거: 특정인이 경영권 참여 목적으로 의결권 있는 주식 10% 이상을 보유하거나 의결권 대리행사 권유를 하는 경우 회사가 회사전환주식 전환을 선택할 수 있다 (제12조⑤)
감사 선임 분리의결: 감사 선임 의안은 이사 선임 의안과 구분하여 의결한다 (제43조①)

Board of directors

Number of directors

At least 3 people

Director term

3 years (Variable)

Different terms by director

Staggered board

Weak

Cumulative voting

Separate chair and CEO

Gender diversity requirement

Director liability limitation

Exemption above 6.0×

Auditors

Number of auditors

At least 1 person

Auditor term

3 years (Fixed)

Shareholder meetings and dividends

Meeting notice period

14 days

Written voting

Electronic voting

Dividend record date

이사회 결의로 정한 배당기준일

Third-party allotment limit by board resolution alone

Convertible bonds (CB)

5,000 × 100M KRW

Bonds with warrants (BW)

5,000 × 100M KRW

Compensation basis

Director: 이사의 보수는 주주총회 결의로 총액한도를 정한다.
Auditors: 감사의 보수는 주주총회 결의로 총액한도를 정하며, 이사 보수 의안과 구분하여 의결한다.
Retirement payments: 이사 및 감사의 퇴직금은 주주총회 결의를 거친 임원퇴직금 지급규정에 따른다.

Executive compensation

Based on 2025 Annual report

Total compensation

17 × 100M KRW

Executives

5 people

Average per executive

3 × 100M KRW

Total dividends

124 × 100M KRW

Compensation / dividends

0.1×

Controlling shareholders

Name	Relationship	Age	Ownership
홍석조	최대주주 본인	-	32.40%
홍정국	최대주주의 자 /임원	-	20.77%
홍정혁	최대주주의 자	-	10.50%
홍라영	친인척	-	1.80%
홍석준	친인척	-	1.68%
홍석현	친인척	-	1.07%
홍정환	친인척	-	0.52%
홍승연	친인척	-	0.49%
신연균	친인척	-	0.35%
서유승	기타법인임원	-	0.07%
정경선	친인척	-	0.04%
류철한	임원	-	0.01%
유선웅	계열회사임원	-	0.00%
김강민	계열회사임원	-	0.00%
민승배	계열회사임원	-	0.00%
황환조	계열회사임원	-	0.00%
이윤성	계열회사임원	-	0.00%
연정욱	계열회사임원	-	0.00%
송영민	계열회사임원	-	0.00%
양재석	계열회사임원	-	0.00%
박준용	계열회사임원	-	0.00%
윤현수	계열회사임원	-	0.00%
한정완	기타법인임원	-	0.00%
임형근	계열회사임원	-	0.00%
김명수	계열회사임원	-	0.00%
임민재	계열회사임원	-	0.00%
(재)홍진기법률연구재단	Related party	-	0.00%
(재)비지에프복지재단	Related party	-	0.00%

Holders of 5% or more

Holder	Holding ratio	Shares held	Change in ownership	Reason for filing	Report type	Filing date
홍석조	68.65%	65,710,571	0.00%	특별관계자 주요계약 변경	일반	2026-08-10
홍석조	68.65%	65,710,571	-1.07%	특별관계자 보유주식수 변동	일반	2026-06-17
홍석조	69.72%	66,731,783	0.00%	특별관계자 주요계약 변경	일반	2026-04-16
홍석조	69.72%	66,731,783	0.00%	특별관계자 변동	일반	2026-04-01
홍석조	69.72%	66,730,783	0.00%	특별관계자 주요계약 변경	일반	2026-03-09
홍석조	69.72%	66,730,783	0.00%	특별관계자 변동	일반	2026-01-08
홍석조	69.72%	66,734,221	0.00%	특별관계자 주요계약 변경	일반	2025-12-15
홍석조	69.72%	66,734,221	-0.01%	특별관계자 변동	일반	2025-12-05
홍석조	69.73%	66,745,077	0.00%	특별관계자 주요계약 변경	일반	2025-06-17
홍석조	69.73%	66,745,077	0.00%	특별관계자 주요계약 변경	일반	2025-04-23
홍석조	69.73%	66,745,077	+0.01%	특별관계자 변동	일반	2025-04-02
홍석조	69.72%	66,738,436	-0.01%	특별관계자 변동	일반	2025-03-12
홍석조	69.73%	66,745,077	0.00%	특별관계자 주요계약 변경	일반	2025-03-05
홍석조	69.73%	66,745,077	0.00%	특별관계자 변동	일반	2024-12-06
홍석조	69.73%	66,739,629	0.00%	특별관계자 주요계약 변경	일반	2024-11-19
홍석조	69.73%	66,739,629	0.00%	특별관계자 주요계약 변경	일반	2024-09-06
홍석조	69.73%	66,739,629	0.00%	특별관계자 주요계약 변경	일반	2024-08-28
홍석조	69.73%	66,739,629	0.00%	특별관계자 주요계약 변경	일반	2024-04-16
홍석조	69.73%	66,739,629	+0.01%	특별관계자 변동	일반	2024-04-12
홍석조	69.72%	66,737,329	0.00%	특별관계자 변동	일반	2024-04-12
홍석조	69.72%	66,733,813	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
홍석조	69.72%	66,733,813	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
홍석조	69.72%	66,733,813	-0.01%	특별관계자 변동	일반	2024-04-12
홍석조	69.73%	66,742,130	-0.02%	특별관계자 변동	일반	2024-04-12
홍석조	69.75%	66,762,967	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
홍석조	69.75%	66,762,967	+0.06%	보유주식에 대한 담보 계약 체결 특별관계자 보유주식수 변동	일반	2024-04-12
홍석조	69.69%	66,704,598	+0.01%	특별관계자 변동 보유주식에 대한 담보(공탁) 계약 체결	일반	2024-04-12

Major shareholders

Major shareholders (5 people)

Based on 2025 Business report

Name	Shares owned	Ownership	Relationship
홍석조외	66,728,473	69.71%	없음
강영만	946,946	0.99%	없음
지이	647,897	0.68%	없음
FINDATELECOMSOY	615,502	0.64%	없음
신한은행[구신한]	490,365	0.51%	없음

Auditors

Analysis date 2026.08.25 12:09

Auditor	Type	Term start	Term end	Tenure	D-day
전 홍	Auditor	-	2028.03.26	7 years	D-507
전홍	Auditor	-	2028.03.26	7 years	D-507

Executives

Name	Position	Category	Age	Term end
전홍	감사	감사	Age 61	D-507
류철한	전무	Inside director	Age 57	D-872
김봉환	독립이사	Outside director	Age 57	D-872
조상철	독립이사	Outside director	Age 57	D-872
홍정국	부회장	Inside director	Age 44	D-510

DART disclosures

Loading disclosures…

Activism & governance

Corporate restructuring Importance 3 2026.10.21 08:30

BGF그룹, 반도체 소재 계열사 간 지분 재편 거래 분석

BGF그룹은 반도체 소재 사업 관련 지분을 모회사와 자회사 사이에서 이전하는 거래를 진행했다. 기사에 따르면 외부평가는 받지 않았고 경영권 프리미엄도 반영되지 않았다.

Shareholder perspective 상장 모회사와 자회사 간 거래의 평가와 조건은 계열사 주주 간 이해상충 및 자산 배분의 적정성과 관련될 수 있습니다.

Tender offers Importance 3 2026.10.12 16:30

BGF그룹 계열분리 전망과 BGF에코머티리얼즈의 공개매수

기사는 BGF그룹의 형제 계열분리 가능성을 다루며, BGF에코머티리얼즈가 KNW 매각자금을 활용해 공개매수에 나선 배경으로 주주가치 제고를 제시했다.

Shareholder perspective 공개매수와 계열 재편은 대상 회사의 지분구조 및 그룹 내 지배구조에 영향을 줄 수 있다.

Corporate restructuring Importance 3 2026.10.08 16:30

BGF·이마트·현대지에프홀딩스, 지배구조 개편 추진

기사는 BGF, 이마트, 현대지에프홀딩스의 지배구조 개편 움직임을 다루며, 자사주 공개매수와 기존 자사주 소각 계획을 전했다.

Shareholder perspective 자사주 공개매수·소각과 지배구조 재편은 해당 상장사들의 자본배분 및 주주환원에 영향을 줄 수 있다.

Corporate restructuring Importance 4 2026.10.07 18:00

BGF그룹, KNW 지분 직접 인수로 사업축 재편…BGF에코머티리얼즈는 자사주 소각

BGF는 BGF에코머티리얼즈가 보유한 케이엔더블유(KNW) 지분을 인수해 손자회사를 자회사로 편입하고 반도체 소재 사업을 직접 관리하는 구조로 재편한다. BGF에코머티리얼즈는 KNW 지분 매각과 함께 보유 자사주 84만2699주를 다음 달 전량 소각할 계획이다.

Shareholder perspective 그룹 내 지배구조와 사업 의사결정 구조를 바꾸는 한편 자회사 차원의 자사주 소각 및 자본 재배분을 수반하는 기업재편이다.

BGF KOSPI

Meeting voting results Collapse Meeting voting results

Financial indicators Collapse Financial indicators

Share price history 10 years 5 years 3 years 1 year 3 months 1 week Collapse Share price history

Shareholder distribution Collapse Shareholder distribution

Annual earnings Trend Collapse Annual earnings

Financial statements Collapse Financial statements

Consolidated

Separate

Legacy summary & estimates

Property holdings Collapse Property holdings

Ownership structure Collapse Ownership structure

Corporate shareholders Collapse Corporate shareholders

Business report analysis Collapse Business report analysis

사업 개요

주요 매출원

원가 구조 / 비용 특성

자회사

Articles of incorporation analysis Collapse Articles of incorporation analysis

주주친화

주주비친화

기타 주목 조항

Board of directors

Auditors

Shareholder meetings and dividends

Third-party allotment limit by board resolution alone

Compensation basis

Executive compensation Collapse Executive compensation

Controlling shareholders Collapse Controlling shareholders

Holders of 5% or more Collapse Holders of 5% or more

Major shareholders Collapse Major shareholders

Major shareholders (5 people)

Auditors Collapse Auditors

Executives Collapse Executives

DART disclosures Collapse DART disclosures

Activism & governance Collapse Activism & governance

BGF그룹, 반도체 소재 계열사 간 지분 재편 거래 분석

BGF그룹 계열분리 전망과 BGF에코머티리얼즈의 공개매수

BGF·이마트·현대지에프홀딩스, 지배구조 개편 추진

BGF그룹, KNW 지분 직접 인수로 사업축 재편…BGF에코머티리얼즈는 자사주 소각

Meeting voting results

Financial indicators

Share price history

Shareholder distribution

Annual earnings Trend

Financial statements

Property holdings

Ownership structure

Corporate shareholders

Business report analysis

Articles of incorporation analysis

Executive compensation

Controlling shareholders

Holders of 5% or more

Major shareholders

Auditors

Executives

DART disclosures

Activism & governance