Wemade Co.,Ltd. (KOSDAQ:112040)

Wemade 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	587,124	711,871	605,252	463,492	334,983	126,705
Revenue Growth (YoY)	-11.52%	17.62%	30.59%	38.36%	164.38%	11.49%
Cost of Revenue	400.42	400.42	430.3	426.54	215.16	169.06
Gross Profit	586,723	711,471	604,822	463,065	334,768	126,536
Selling, General & Admin	548,202	669,349	684,164	525,185	218,530	123,177
Research & Development	-	-	-	-	7,377	7,299
Amortization of Goodwill & Intangibles	9,190	9,190	9,558	9,483	1,090	853.2
Other Operating Expenses	11,994	11,994	6,513	5,389	4,872	4,058
Operating Expenses	585,838	706,985	715,341	548,601	237,596	138,817
Operating Income	884.9	4,486	-110,519	-85,536	97,172	-12,281
Interest Expense	-15,041	-15,041	-11,699	-7,151	-982.94	-865.87
Interest & Investment Income	7,777	7,777	9,225	5,008	848.4	794.02
Earnings From Equity Investments	94,579	115,625	10,324	385.11	-3,902	-10.46
Currency Exchange Gain (Loss)	16,909	16,909	2,833	2,624	6,559	-4,890
Other Non Operating Income (Expenses)	59,051	20,277	-48,432	19,577	-1,903	2,363
EBT Excluding Unusual Items	164,160	150,033	-148,269	-65,093	97,791	-14,890
Gain (Loss) on Sale of Investments	30,033	30,033	-36,421	-32,343	283,929	-100.48
Gain (Loss) on Sale of Assets	7,427	7,427	11,638	9,301	18,697	2,433
Asset Writedown	-31,547	-31,547	12,932	-93,561	-8,596	-1,688
Pretax Income	170,073	155,945	-160,121	-181,695	391,821	-14,246
Income Tax Expense	-42,624	-25,680	46,562	4,061	83,730	3,738
Earnings From Continuing Operations	212,697	181,625	-206,682	-185,756	308,091	-17,984
Minority Interest in Earnings	-3,336	6,794	6,231	329.74	-1,401	11,039
Net Income	209,361	188,419	-200,451	-185,426	306,690	-6,945
Net Income to Common	209,361	188,419	-200,451	-185,426	306,690	-6,945
Shares Outstanding (Basic)	34	34	33	33	33	33
Shares Outstanding (Diluted)	53	36	33	33	34	33
Shares Change (YoY)	56.92%	6.81%	0.48%	-1.65%	3.02%	0.18%
EPS (Basic)	6204.64	5604.35	-5991.53	-5569.21	9318.61	-211.36
EPS (Diluted)	3383.79	4405.61	-5992.00	-5569.21	9060.00	-211.36
Free Cash Flow	71,786	-81,750	-14,035	-211,729	92,996	-15,759
Free Cash Flow Per Share	1361.78	-2287.68	-419.51	-6359.22	2747.15	-479.60
Gross Margin	99.93%	99.94%	99.93%	99.91%	99.94%	99.87%
Operating Margin	0.15%	0.63%	-18.26%	-18.45%	29.01%	-9.69%
Profit Margin	35.66%	26.47%	-33.12%	-40.01%	91.55%	-5.48%
Free Cash Flow Margin	12.23%	-11.48%	-2.32%	-45.68%	27.76%	-12.44%
EBITDA	41,422	25,323	-89,553	-66,899	100,721	-9,000
EBITDA Margin	7.05%	3.56%	-14.80%	-14.43%	30.07%	-7.10%
D&A For EBITDA	40,538	20,837	20,966	18,637	3,550	3,281
EBIT	884.9	4,486	-110,519	-85,536	97,172	-12,281
EBIT Margin	0.15%	0.63%	-18.26%	-18.45%	29.01%	-9.69%
Effective Tax Rate	-	-	-	-	21.37%	-
Advertising Expenses	-	57,544	72,817	78,281	22,674	21,253

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