Polaris Office Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	318,679	276,274	107,892	24,183	22,982	19,495
Other Revenue	-	-	-	-0	-	-
Revenue	318,679	276,274	107,892	24,183	22,982	19,495
Revenue Growth (YoY)	31.90%	156.07%	346.15%	5.23%	17.89%	-7.38%
Cost of Revenue	243,624	207,570	72,053	4,323	2,708	2,098
Gross Profit	75,054	68,704	35,839	19,860	20,274	17,397
Selling, General & Admin	57,011	53,492	25,004	16,337	16,515	22,600
Research & Development	6,293	5,568	1,422	824.54	721.87	1,929
Amortization of Goodwill & Intangibles	2,238	1,909	659.32	285.03	304.89	260.77
Other Operating Expenses	727.76	700.24	307.57	146.89	68.84	104.54
Operating Expenses	69,090	64,403	29,591	18,103	17,832	25,043
Operating Income	5,964	4,300	6,248	1,757	2,442	-7,646
Interest Expense	-1,662	-1,944	-848.14	-191.51	-574.26	-437.73
Interest & Investment Income	3,718	4,345	3,575	445.09	165.39	278.72
Earnings From Equity Investments	-2,735	-	-	-	-	-
Currency Exchange Gain (Loss)	1,318	6,509	-921.06	106.52	313.45	-144.36
Other Non Operating Income (Expenses)	1,060	3,156	5,804	-24.6	-3,928	850.36
EBT Excluding Unusual Items	7,662	16,365	13,858	2,092	-1,581	-7,099
Gain (Loss) on Sale of Investments	12,051	7,768	13,715	10,704	1,345	5,187
Gain (Loss) on Sale of Assets	247.97	-52.08	-981.17	-5.54	9.22	31.32
Asset Writedown	-108.92	-108.92	-1,549	-1.55	28	-
Other Unusual Items	-27.28	-467.98	-	-	-	-
Pretax Income	19,824	23,504	25,042	12,789	-198.67	-1,881
Income Tax Expense	4,173	4,875	2,593	32.84	87.84	-896.06
Earnings From Continuing Operations	15,651	18,628	22,449	12,756	-286.51	-984.78
Net Income to Company	15,651	18,628	22,449	12,756	-286.51	-984.78
Minority Interest in Earnings	-10,244	-11,563	-1,135	349.69	72.2	877.36
Net Income	5,407	7,066	21,314	13,106	-214.31	-107.42
Net Income to Common	5,407	7,066	21,314	13,106	-214.31	-107.42
Net Income Growth	98.42%	-66.85%	62.63%	-	-	-
Shares Outstanding (Basic)	50	50	49	44	38	37
Shares Outstanding (Diluted)	50	50	50	48	38	37
Shares Change (YoY)	0.59%	0.18%	3.00%	25.11%	2.84%	-
EPS (Basic)	108.51	142.22	431.94	294.99	-5.57	-2.87
EPS (Diluted)	108.30	142.00	429.90	274.03	-6.00	-3.00
EPS Growth	107.45%	-66.97%	56.88%	-	-	-
Free Cash Flow	-53,179	4,851	7,937	342.36	-41.13	-5,334
Free Cash Flow Per Share	-1067.18	97.63	160.04	7.11	-1.07	-142.53
Gross Margin	23.55%	24.87%	33.22%	82.12%	88.22%	89.24%
Operating Margin	1.87%	1.56%	5.79%	7.26%	10.63%	-39.22%
Profit Margin	1.70%	2.56%	19.75%	54.20%	-0.93%	-0.55%
Free Cash Flow Margin	-16.69%	1.76%	7.36%	1.42%	-0.18%	-27.36%
EBITDA	17,074	14,364	10,110	2,735	3,308	-6,716
EBITDA Margin	5.36%	5.20%	9.37%	11.31%	14.39%	-34.45%
D&A For EBITDA	11,110	10,064	3,862	978.59	865.37	930.74
EBIT	5,964	4,300	6,248	1,757	2,442	-7,646
EBIT Margin	1.87%	1.56%	5.79%	7.26%	10.63%	-39.22%
Effective Tax Rate	21.05%	20.74%	10.35%	0.26%	-	-
Advertising Expenses	-	804.07	294.36	223.25	193.01	2,597

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.