Webzen 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
Revenue	180,569	214,747	196,290	242,140	284,783	294,092
Revenue Growth (YoY)	-21.26%	9.40%	-18.93%	-14.97%	-3.16%	67.05%
Cost of Revenue	32.33	28.62	29.73	64.98	20.98	29.19
Gross Profit	180,537	214,718	196,261	242,075	284,762	294,063
Selling, General & Admin	116,003	133,121	117,709	133,415	160,754	167,930
Research & Development	14,959	16,896	18,151	16,617	10,825	8,847
Amortization of Goodwill & Intangibles	1,347	1,502	1,442	395.03	219.28	327.22
Other Operating Expenses	4,169	3,643	4,320	4,295	4,541	4,544
Operating Expenses	142,693	160,165	146,358	159,070	181,430	186,169
Operating Income	37,844	54,553	49,903	83,005	103,331	107,894
Interest Expense	-168.38	-168.38	-102.69	-122.95	-87.49	-128.78
Interest & Investment Income	18,617	18,617	18,346	11,996	8,040	5,847
Earnings From Equity Investments	-130.73	46.24	-	-	-	-
Currency Exchange Gain (Loss)	716.77	716.77	281.91	-1,317	1,665	-3,037
Other Non Operating Income (Expenses)	-21,463	-3,621	459.38	1,461	1,112	546.03
EBT Excluding Unusual Items	35,415	70,144	68,888	95,022	114,060	111,122
Impairment of Goodwill	-	-	-	-	-	-124.88
Gain (Loss) on Sale of Investments	1,493	1,493	2,993	10,269	6,721	5,768
Gain (Loss) on Sale of Assets	18.19	18.19	3.52	22.46	251.21	125.87
Asset Writedown	-226.31	-226.31	40.23	-	-	-819.44
Pretax Income	36,700	71,428	71,924	105,314	121,032	116,071
Income Tax Expense	7,819	14,676	14,356	32,920	34,182	29,815
Earnings From Continuing Operations	28,880	56,752	57,569	72,394	86,851	86,257
Minority Interest in Earnings	340.62	182.61	38.94	-1.1	7.1	-57.04
Net Income	29,221	56,935	57,608	72,393	86,858	86,200
Net Income to Common	29,221	56,935	57,608	72,393	86,858	86,200
Net Income Growth	-55.23%	-1.17%	-20.42%	-16.65%	0.76%	102.33%
Shares Outstanding (Basic)	29	29	29	30	30	31
Shares Outstanding (Diluted)	29	29	29	30	30	31
Shares Change (YoY)	-0.69%	-	-0.66%	-2.27%	-1.34%	-1.13%
EPS (Basic)	998.50	1932.17	1955.00	2440.64	2861.69	2801.87
EPS (Diluted)	998.50	1932.00	1955.00	2440.64	2861.69	2801.87
EPS Growth	-54.92%	-1.18%	-19.90%	-14.71%	2.14%	104.67%
Free Cash Flow	10,890	60,843	38,889	37,764	85,303	134,285
Free Cash Flow Per Share	372.13	2064.79	1319.76	1273.16	2810.45	4364.88
Dividend Per Share	300.000	300.000	300.000	370.000	-	-
Dividend Growth	-	-	-18.92%	-	-	-
Gross Margin	99.98%	99.99%	99.98%	99.97%	99.99%	99.99%
Operating Margin	20.96%	25.40%	25.42%	34.28%	36.28%	36.69%
Profit Margin	16.18%	26.51%	29.35%	29.90%	30.50%	29.31%
Free Cash Flow Margin	6.03%	28.33%	19.81%	15.60%	29.95%	45.66%
EBITDA	45,585	61,447	56,532	87,938	107,983	113,356
EBITDA Margin	25.25%	28.61%	28.80%	36.32%	37.92%	38.54%
D&A For EBITDA	7,741	6,894	6,629	4,933	4,652	5,462
EBIT	37,844	54,553	49,903	83,005	103,331	107,894
EBIT Margin	20.96%	25.40%	25.42%	34.28%	36.28%	36.69%
Effective Tax Rate	21.31%	20.55%	19.96%	31.26%	28.24%	25.69%
Advertising Expenses	-	8,109	8,140	13,027	13,142	16,167

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