MAKUS 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	254,743	196,973	173,453	191,690	131,731	85,968
Other Revenue	3,473	2,606	1,962	2,073	8,996	945.54
Revenue	258,216	199,579	175,414	193,763	140,727	86,913
Revenue Growth (YoY)	64.97%	13.78%	-9.47%	37.69%	61.92%	51.20%
Cost of Revenue	206,736	157,854	136,179	147,776	101,881	68,956
Gross Profit	51,480	41,725	39,235	45,987	38,846	17,957
Selling, General & Admin	16,163	13,820	11,844	12,720	11,909	7,540
Research & Development	614.37	497.13	681.81	739.53	624.32	614.35
Amortization of Goodwill & Intangibles	6.85	7.08	6.62	6.19	6.98	8.02
Other Operating Expenses	176.18	187.53	132.82	350.3	84.93	76.16
Operating Expenses	18,429	14,838	12,887	14,536	12,828	8,501
Operating Income	33,051	26,887	26,349	31,452	26,019	9,456
Interest Expense	-1,299	-1,608	-926.97	-55.87	-164.02	-159.43
Interest & Investment Income	1,055	604.08	560.39	451.04	133.59	128.33
Earnings From Equity Investments	-	-	-	-	-	-403.63
Currency Exchange Gain (Loss)	176.21	304.97	-1,012	-223.34	0.97	82.06
Other Non Operating Income (Expenses)	145.32	41.24	1.32	6.85	2.24	7.18
EBT Excluding Unusual Items	33,129	26,229	24,972	31,630	25,991	9,111
Gain (Loss) on Sale of Investments	-0.69	-771.29	587.62	-2,849	4,882	1,232
Gain (Loss) on Sale of Assets	-	-0.01	-	-13.95	-	2.5
Pretax Income	33,128	25,564	25,560	28,767	30,906	10,345
Income Tax Expense	6,963	5,324	5,209	6,531	5,896	2,260
Earnings From Continuing Operations	26,165	20,240	20,351	22,236	25,010	8,086
Minority Interest in Earnings	-133.93	-197.52	-107.6	-103.25	-45.46	-119.5
Net Income	26,031	20,042	20,243	22,133	24,965	7,966
Net Income to Common	26,031	20,042	20,243	22,133	24,965	7,966
Net Income Growth	74.87%	-0.99%	-8.54%	-11.34%	213.38%	66.51%
Shares Outstanding (Basic)	9	10	11	12	12	12
Shares Outstanding (Diluted)	9	10	11	12	12	12
Shares Change (YoY)	-11.32%	-6.22%	-9.71%	-0.76%	-1.83%	-5.97%
EPS (Basic)	2856.87	1983.08	1878.31	1854.21	2075.53	650.19
EPS (Diluted)	2856.56	1983.00	1878.00	1854.00	2075.53	650.00
EPS Growth	97.17%	5.59%	1.29%	-10.67%	219.31%	77.11%
Free Cash Flow	84,792	49,339	-51,971	26,206	14,178	-823.77
Free Cash Flow Per Share	9305.74	4881.83	-4822.29	2195.47	1178.75	-67.23
Dividend Per Share	200.000	200.000	150.000	120.000	120.000	100.000
Dividend Growth	33.33%	33.33%	25.00%	-	20.00%	-
Gross Margin	19.94%	20.91%	22.37%	23.73%	27.60%	20.66%
Operating Margin	12.80%	13.47%	15.02%	16.23%	18.49%	10.88%
Profit Margin	10.08%	10.04%	11.54%	11.42%	17.74%	9.17%
Free Cash Flow Margin	32.84%	24.72%	-29.63%	13.53%	10.08%	-0.95%
EBITDA	33,414	27,244	26,708	31,745	26,275	9,725
EBITDA Margin	12.94%	13.65%	15.23%	16.38%	18.67%	11.19%
D&A For EBITDA	362.61	356.5	359.73	293.32	256.61	268.69
EBIT	33,051	26,887	26,349	31,452	26,019	9,456
EBIT Margin	12.80%	13.47%	15.02%	16.23%	18.49%	10.88%
Effective Tax Rate	21.02%	20.82%	20.38%	22.70%	19.08%	21.84%
Advertising Expenses	-	34.35	47.43	31.64	1.21	0.99

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