Wemade 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
Revenue	616,984	614,040	711,871	605,252	463,492	334,983
Revenue Growth	-3.27%	-13.74%	17.62%	30.59%	38.36%	164.38%
Cost of Revenue	314.95	314.95	400.42	430.3	426.54	215.16
Gross Profit	616,669	613,725	711,471	604,822	463,065	334,768
Selling, General & Admin	523,290	547,756	669,349	684,164	525,185	218,530
Research & Development	-	-	-	-	-	7,377
Amortization of Goodwill & Intangibles	33,172	33,172	9,190	9,558	9,483	1,090
Other Operating Expenses	9,597	9,597	11,994	6,513	5,389	4,872
Operating Expenses	578,576	603,043	706,985	715,341	548,601	237,596
Operating Income	38,093	10,682	4,486	-110,519	-85,536	97,172
Interest Expense	-14,174	-14,174	-15,041	-11,699	-7,151	-982.94
Interest & Investment Income	14,339	14,339	7,777	9,225	5,008	848.4
Earnings From Equity Investments	-11,345	-11,249	115,625	10,324	385.11	-3,902
Currency Exchange Gain (Loss)	-5,958	-5,958	16,909	2,833	2,624	6,559
Other Non Operating Income (Expenses)	89,058	40,725	20,277	-48,432	19,577	-1,903
EBT Excluding Unusual Items	110,013	34,365	150,033	-148,269	-65,093	97,791
Gain (Loss) on Sale of Investments	-18,868	-18,868	30,033	-36,421	-32,343	283,929
Gain (Loss) on Sale of Assets	10,311	10,311	7,427	11,638	9,301	18,697
Asset Writedown	-23,842	-23,842	-31,547	12,932	-93,561	-8,596
Pretax Income	77,614	1,966	155,945	-160,121	-181,695	391,821
Income Tax Expense	32,334	29,006	-25,680	46,562	4,061	83,730
Earnings From Continuing Operations	45,280	-27,040	181,625	-206,682	-185,756	308,091
Minority Interest in Earnings	19,094	8,422	6,794	6,231	329.74	-1,401
Net Income	64,374	-18,619	188,419	-200,451	-185,426	306,690
Net Income to Common	64,374	-18,619	188,419	-200,451	-185,426	306,690
Net Income Growth	-65.98%	-	-	-	-	-
Shares Outstanding (Basic)	34	34	34	33	33	33
Shares Outstanding (Diluted)	35	34	36	33	33	34
Shares Change	-3.57%	-3.48%	6.81%	0.48%	-1.65%	3.02%
EPS (Basic)	1904.04	-551.32	5604.35	-5991.53	-5569.21	9318.61
EPS (Diluted)	1739.56	-664.72	4405.61	-5992.00	-5569.21	9060.00
EPS Growth	-58.00%	-	-	-	-	-

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	37,182	57,581	-81,750	-14,035	-211,729	92,996
Free Cash Flow Per Share	1076.82	1669.46	-2287.68	-419.51	-6359.22	2747.15
Gross Margin	99.95%	99.95%	99.94%	99.93%	99.91%	99.94%
Operating Margin	6.17%	1.74%	0.63%	-18.26%	-18.45%	29.01%
Profit Margin	10.43%	-3.03%	26.47%	-33.12%	-40.01%	91.55%
Free Cash Flow Margin	6.03%	9.38%	-11.48%	-2.32%	-45.68%	27.76%
EBITDA	81,257	56,244	25,323	-89,553	-66,899	100,721
EBITDA Margin	13.17%	9.16%	3.56%	-14.80%	-14.43%	30.07%
D&A For EBITDA	43,164	45,562	20,837	20,966	18,637	3,550
EBIT	38,093	10,682	4,486	-110,519	-85,536	97,172
EBIT Margin	6.17%	1.74%	0.63%	-18.26%	-18.45%	29.01%
Effective Tax Rate	41.66%	1475.37%	-	-	-	21.37%
Advertising Expenses	-	64,237	57,544	72,817	78,281	22,674