VM Inc. 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	126,541	70,277	26,009	141,385	178,054	93,030
Other Revenue	-	-	-0	-	-0	-
Revenue	126,541	70,277	26,009	141,385	178,054	93,030
Revenue Growth (YoY)	208.82%	170.21%	-81.60%	-20.59%	91.39%	56.81%
Cost of Revenue	79,720	46,913	13,347	81,893	100,689	52,315
Gross Profit	46,822	23,364	12,661	59,492	77,365	40,716
Selling, General & Admin	17,973	16,544	15,937	20,608	17,767	9,507
Research & Development	14,146	14,551	6,606	6,839	4,844	1,222
Amortization of Goodwill & Intangibles	177.17	146.57	162.23	132.08	113.05	61.1
Operating Expenses	32,934	31,964	23,624	28,560	23,346	11,094
Operating Income	13,887	-8,600	-10,963	30,932	54,019	29,622
Interest Expense	-2,375	-1,872	-671.7	-161.45	-72.67	-16.81
Interest & Investment Income	3,337	3,254	3,027	1,164	195.56	314.03
Currency Exchange Gain (Loss)	2,392	5,199	370.99	5,350	3,109	-1,779
Other Non Operating Income (Expenses)	-1,648	-2,089	235.98	18.86	235.68	72.88
EBT Excluding Unusual Items	15,593	-4,107	-8,001	37,304	57,487	28,213
Gain (Loss) on Sale of Investments	1,131	-460.71	593.07	-2,178	1,400	1,042
Gain (Loss) on Sale of Assets	9.43	5.58	139.75	-42.32	6.65	0.08
Pretax Income	16,734	-4,562	-7,268	35,083	58,893	29,255
Income Tax Expense	128.65	-1,112	-292.52	7,205	12,435	5,885
Net Income	16,605	-3,451	-6,975	27,878	46,458	23,370
Net Income to Common	16,605	-3,451	-6,975	27,878	46,458	23,370
Net Income Growth	-	-	-	-39.99%	98.79%	65.06%
Shares Outstanding (Basic)	22	22	22	21	22	21
Shares Outstanding (Diluted)	22	22	22	22	22	21
Shares Change (YoY)	2.42%	1.78%	-0.43%	-0.47%	2.38%	-1.34%
EPS (Basic)	739.21	-157.03	-323.06	1297.51	2156.64	1112.38
EPS (Diluted)	739.21	-157.03	-323.06	1290.27	2132.00	1098.00
EPS Growth	-	-	-	-39.48%	94.17%	67.38%
Free Cash Flow	25,984	16,055	-17,252	-9,150	51,629	11,523
Free Cash Flow Per Share	1156.72	730.58	-799.05	-421.94	2369.60	541.44
Gross Margin	37.00%	33.25%	48.68%	42.08%	43.45%	43.77%
Operating Margin	10.97%	-12.24%	-42.15%	21.88%	30.34%	31.84%
Profit Margin	13.12%	-4.91%	-26.82%	19.72%	26.09%	25.12%
Free Cash Flow Margin	20.53%	22.84%	-66.33%	-6.47%	29.00%	12.39%
EBITDA	15,529	-6,942	-9,332	32,533	55,108	30,221
EBITDA Margin	12.27%	-9.88%	-35.88%	23.01%	30.95%	32.49%
D&A For EBITDA	1,641	1,658	1,631	1,600	1,089	599.5
EBIT	13,887	-8,600	-10,963	30,932	54,019	29,622
EBIT Margin	10.97%	-12.24%	-42.15%	21.88%	30.34%	31.84%
Effective Tax Rate	0.77%	-	-	20.54%	21.12%	20.11%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.