Korea Ratings Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	110,408	109,781	104,057	95,594	101,576	104,520
Revenue Growth (YoY)	4.66%	5.50%	8.85%	-5.89%	-2.82%	9.01%
Cost of Revenue	1,061	1,045	988.38	948.57	911.53	666.11
Gross Profit	109,348	108,737	103,069	94,645	100,664	103,854
Selling, General & Admin	71,567	71,243	65,651	61,653	64,291	62,434
Research & Development	90.02	85.77	89.62	82.67	65.14	57.81
Amortization of Goodwill & Intangibles	1,069	975.96	2,404	4,062	4,383	2,995
Other Operating Expenses	682.7	437.86	675.59	1,548	504.66	464.74
Operating Expenses	75,075	74,397	70,389	68,806	70,735	67,634
Operating Income	34,272	34,340	32,680	25,840	29,930	36,219
Interest Expense	-70.41	-70.41	-130.88	-104.1	-23.6	-26.63
Interest & Investment Income	3,011	3,011	3,595	3,518	2,221	695.37
Currency Exchange Gain (Loss)	-9.12	-14.07	10.03	-30.32	37.49	-0.05
Other Non Operating Income (Expenses)	561.33	181.33	129.46	201.11	10.49	135.11
EBT Excluding Unusual Items	37,765	37,447	36,284	29,425	32,175	37,023
Gain (Loss) on Sale of Assets	3.91	0.4	-0.33	2.8	3.2	4.66
Pretax Income	37,769	37,447	36,284	29,427	32,178	37,028
Income Tax Expense	7,988	8,068	7,688	5,256	6,690	10,278
Earnings From Continuing Operations	29,781	29,380	28,596	24,171	25,488	26,750
Net Income to Company	29,781	29,380	28,596	24,171	25,488	26,750
Minority Interest in Earnings	-4,197	-4,151	-4,162	-3,787	-5,047	-4,489
Net Income	25,584	25,229	24,433	20,385	20,441	22,261
Net Income to Common	25,584	25,229	24,433	20,385	20,441	22,261
Net Income Growth	1.49%	3.25%	19.86%	-0.27%	-8.18%	11.55%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	0.02%	-0.01%	0.01%	-	-	-
EPS (Basic)	5734.25	5655.54	5477.00	4569.70	4582.30	4990.28
EPS (Diluted)	5734.25	5655.54	5477.00	4569.70	4582.30	4990.28
EPS Growth	1.47%	3.26%	19.86%	-0.27%	-8.18%	11.55%
Free Cash Flow	30,089	31,189	35,129	27,393	24,242	33,522
Free Cash Flow Per Share	6744.16	6991.71	7874.48	6140.71	5434.40	7514.59
Gross Margin	99.04%	99.05%	99.05%	99.01%	99.10%	99.36%
Operating Margin	31.04%	31.28%	31.41%	27.03%	29.47%	34.65%
Profit Margin	23.17%	22.98%	23.48%	21.32%	20.12%	21.30%
Free Cash Flow Margin	27.25%	28.41%	33.76%	28.66%	23.87%	32.07%
EBITDA	36,767	36,726	36,401	31,261	35,789	40,888
EBITDA Margin	33.30%	33.45%	34.98%	32.70%	35.23%	39.12%
D&A For EBITDA	2,495	2,387	3,721	5,421	5,859	4,669
EBIT	34,272	34,340	32,680	25,840	29,930	36,219
EBIT Margin	31.04%	31.28%	31.41%	27.03%	29.47%	34.65%
Effective Tax Rate	21.15%	21.55%	21.19%	17.86%	20.79%	27.76%
Advertising Expenses	-	81.66	78.7	62.95	48	50.31