SM Entertainment Co., Ltd. (KOSDAQ:041510)

SM Entertainment Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,050,123	989,725	961,070	850,769	701,563	579,876
Other Revenue	-0	-0	-	-	-	-
Revenue	1,050,123	989,725	961,070	850,769	701,563	579,876
Revenue Growth (YoY)	5.93%	2.98%	12.96%	21.27%	20.98%	-11.85%
Cost of Revenue	693,825	682,490	620,041	555,739	437,189	381,093
Gross Profit	356,298	307,235	341,029	295,030	264,374	198,783
Selling, General & Admin	198,731	189,958	198,926	174,130	162,431	153,524
Other Operating Expenses	2,927	1,638	3,169	3,757	4,209	7,046
Operating Expenses	231,086	222,394	227,619	204,088	197,602	194,303
Operating Income	125,212	84,841	113,410	90,941	66,772	4,480
Interest Expense	-5,362	-5,441	-5,689	-4,355	-4,090	-4,327
Interest & Investment Income	12,817	12,821	14,223	8,893	3,043	2,787
Earnings From Equity Investments	221,054	-2,377	45,699	11,375	26,336	-12,826
Currency Exchange Gain (Loss)	-3,431	10,304	1,040	-190.96	5,862	-5,306
Other Non Operating Income (Expenses)	-2,640	-6,242	5,584	361.65	-2,143	-3,397
EBT Excluding Unusual Items	347,649	93,906	174,268	107,026	95,781	-18,590
Gain (Loss) on Sale of Investments	5,367	3,634	4,311	2,016	2,345	-90.92
Gain (Loss) on Sale of Assets	1,945	408.89	1,452	12,259	87,904	-79.09
Asset Writedown	-67,109	-70,815	-61,119	-4,389	-12,893	-21,810
Other Unusual Items	-1,054	-1,054	-	-	-	-
Pretax Income	286,798	26,079	118,913	116,912	173,136	-40,570
Income Tax Expense	23,228	25,260	36,229	34,884	39,911	39,772
Earnings From Continuing Operations	263,570	818.85	82,683	82,029	133,225	-80,341
Net Income to Company	263,570	818.85	82,683	82,029	133,225	-80,341
Minority Interest in Earnings	12,945	17,491	4,614	-2,039	314.35	10,185
Net Income	276,515	18,310	87,297	79,989	133,540	-70,156
Net Income to Common	276,515	18,310	87,297	79,989	133,540	-70,156
Net Income Growth	361.93%	-79.03%	9.14%	-40.10%	-	-
Shares Outstanding (Basic)	23	23	23	24	23	23
Shares Outstanding (Diluted)	23	23	23	24	23	23
Shares Change (YoY)	-1.87%	-1.86%	-0.58%	1.43%	-0.39%	0.34%
EPS (Basic)	12082.61	794.69	3718.82	3390.31	5749.70	-3001.95
EPS (Diluted)	12082.61	794.69	3718.00	3388.00	5736.00	-3002.00
EPS Growth	370.78%	-78.63%	9.74%	-40.93%	-	-
Free Cash Flow	100,615	110,746	93,846	90,883	100,400	37,284
Free Cash Flow Per Share	4396.48	4806.55	3997.41	3848.88	4312.85	1595.35
Dividend Per Share	400.000	400.000	-	-	-	-
Gross Margin	33.93%	31.04%	35.48%	34.68%	37.68%	34.28%
Operating Margin	11.92%	8.57%	11.80%	10.69%	9.52%	0.77%
Profit Margin	26.33%	1.85%	9.08%	9.40%	19.04%	-12.10%
Free Cash Flow Margin	9.58%	11.19%	9.77%	10.68%	14.31%	6.43%
EBITDA	191,055	146,774	171,424	151,783	130,763	76,211
EBITDA Margin	18.19%	14.83%	17.84%	17.84%	18.64%	13.14%
D&A For EBITDA	65,844	61,933	58,013	60,842	63,991	71,731
EBIT	125,212	84,841	113,410	90,941	66,772	4,480
EBIT Margin	11.92%	8.57%	11.80%	10.69%	9.52%	0.77%
Effective Tax Rate	8.10%	96.86%	30.47%	29.84%	23.05%	-
Advertising Expenses	-	30,214	28,563	16,742	18,281	11,937

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