SM Entertainment 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	Jun '26 Jun 30, 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
Operating Revenue	1,269,335	1,174,935	989,725	961,070	850,769	701,563
Other Revenue	-0	-	-0	-	-	-
Revenue	1,269,335	1,174,935	989,725	961,070	850,769	701,563
Revenue Growth	20.88%	18.71%	2.98%	12.96%	21.27%	20.98%
Cost of Revenue	818,594	742,399	682,490	620,041	555,739	437,189
Gross Profit	450,741	432,535	307,235	341,029	295,030	264,374
Selling, General & Admin	222,549	217,779	189,958	198,926	174,130	162,431
Amortization of Goodwill & Intangibles	4,268	4,188	5,807	5,277	5,451	6,480
Other Operating Expenses	3,068	3,553	1,638	3,169	3,757	4,209
Operating Expenses	264,640	251,225	222,394	227,619	204,088	197,602
Operating Income	186,101	181,311	84,841	113,410	90,941	66,772
Interest Expense	-5,171	-5,468	-5,441	-5,689	-4,355	-4,090
Interest & Investment Income	15,034	13,353	12,821	14,223	8,893	3,043
Earnings From Equity Investments	-6,887	213,952	-2,377	45,699	11,375	26,336
Currency Exchange Gain (Loss)	24,703	-531.42	10,304	1,040	-190.96	5,862
Other Non Operating Income (Expenses)	4,517	3,962	-6,242	5,584	361.65	-2,143
EBT Excluding Unusual Items	218,297	406,578	93,906	174,268	107,026	95,781
Gain (Loss) on Sale of Investments	-8,365	320.37	3,634	4,311	2,016	2,345
Gain (Loss) on Sale of Assets	26.73	680	408.89	1,452	12,259	87,904
Asset Writedown	-44,001	-39,874	-70,815	-61,119	-4,389	-12,893
Other Unusual Items	-7.52	-	-1,054	-	-	-
Pretax Income	165,950	367,705	26,079	118,913	116,912	173,136
Income Tax Expense	24,315	8,341	25,260	36,229	34,884	39,911
Earnings From Continuing Operations	141,635	359,364	818.85	82,683	82,029	133,225
Net Income to Company	141,635	359,364	818.85	82,683	82,029	133,225
Minority Interest in Earnings	-9,984	-12,151	17,491	4,614	-2,039	314.35
Net Income	131,651	347,213	18,310	87,297	79,989	133,540
Net Income to Common	131,651	347,213	18,310	87,297	79,989	133,540
Net Income Growth	-52.39%	1796.29%	-79.03%	9.14%	-40.10%	-
Shares Outstanding (Basic)	23	23	23	23	24	23
Shares Outstanding (Diluted)	23	23	23	23	24	23
Shares Change	0.07%	-0.63%	-1.86%	-0.58%	1.43%	-0.39%
EPS (Basic)	5750.47	15165.65	794.69	3718.82	3390.31	5749.70
EPS (Diluted)	5750.47	15165.65	794.69	3718.00	3388.00	5736.00
EPS Growth	-52.42%	1808.37%	-78.63%	9.74%	-40.93%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	186,362	185,275	110,746	93,846	90,883	100,400
Free Cash Flow Per Share	8140.24	8092.49	4806.55	3997.41	3848.88	4312.85
Dividend Per Share	1620.000	1620.000	-	-	-	-
Dividend Growth	-	-	-	-	-	-
Gross Margin	35.51%	36.81%	31.04%	35.48%	34.68%	37.68%
Operating Margin	14.66%	15.43%	8.57%	11.80%	10.69%	9.52%
Profit Margin	10.37%	29.55%	1.85%	9.08%	9.40%	19.04%
Free Cash Flow Margin	14.68%	15.77%	11.19%	9.77%	10.68%	14.31%
EBITDA	254,313	248,580	146,774	171,424	151,783	130,763
EBITDA Margin	20.04%	21.16%	14.83%	17.84%	17.84%	18.64%
D&A For EBITDA	68,212	67,269	61,933	58,013	60,842	63,991
EBIT	186,101	181,311	84,841	113,410	90,941	66,772
EBIT Margin	14.66%	15.43%	8.57%	11.80%	10.69%	9.52%
Effective Tax Rate	14.65%	2.27%	96.86%	30.47%	29.84%	23.05%
Advertising Expenses	-	32,640	30,214	28,563	16,742	18,281