WooriNet Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Operating Revenue	75,505	131,595	119,070	62,266	60,410
Other Revenue	-	-0	-0	-0	-
Revenue	75,505	131,595	119,070	62,266	60,410
Revenue Growth (YoY)	-42.62%	10.52%	91.23%	3.07%	15.39%
Cost of Revenue	54,355	86,106	85,944	49,918	42,879
Gross Profit	21,151	45,489	33,126	12,348	17,532
Selling, General & Admin	8,794	14,168	14,519	8,920	6,823
Research & Development	9,966	9,492	7,892	9,400	7,744
Amortization of Goodwill & Intangibles	94.41	102.22	543.31	190.69	4.27
Other Operating Expenses	93.34	213.83	228.69	234.64	84.43
Operating Expenses	19,202	25,422	24,358	19,297	15,164
Operating Income	1,949	20,067	8,768	-6,948	2,367
Interest Expense	-569.19	-1,492	-1,669	-1,333	-1,280
Interest & Investment Income	1,431	1,007	631.15	416.32	172.98
Earnings From Equity Investments	-	726.16	-	-	-
Currency Exchange Gain (Loss)	16.32	200.32	-4.37	48.38	401.74
Other Non Operating Income (Expenses)	-60.89	1,039	548.62	-2,977	-1,091
EBT Excluding Unusual Items	2,766	21,548	8,274	-10,794	571.29
Gain (Loss) on Sale of Investments	960.31	143.83	482.69	540.49	849.23
Gain (Loss) on Sale of Assets	0.17	-180.34	7.44	-0.41	17.67
Asset Writedown	-3.62	-521.86	-3,571	-	-
Other Unusual Items	90.82	39.72	1,070	11.09	-
Pretax Income	3,814	21,029	6,263	-10,243	1,438
Income Tax Expense	147.53	863.15	570.07	-491.93	-491.73
Earnings From Continuing Operations	3,666	20,166	5,693	-9,751	1,930
Minority Interest in Earnings	3.83	212.07	1,067	31.25	-
Net Income	3,670	20,378	6,760	-9,720	1,930
Net Income to Common	3,670	20,378	6,760	-9,720	1,930
Net Income Growth	-81.99%	201.44%	-	-	-
Shares Outstanding (Basic)	10	11	11	10	9
Shares Outstanding (Diluted)	10	11	11	10	9
Shares Change (YoY)	-3.13%	-0.35%	11.54%	5.12%	0.25%
EPS (Basic)	354.00	1915.00	635.76	-1009.46	211.22
EPS (Diluted)	354.00	1904.00	633.35	-1009.46	211.00
EPS Growth	-81.41%	200.62%	-	-	-
Free Cash Flow	11,945	36,684	-16,715	-10,962	-3,779
Free Cash Flow Per Share	1152.13	3427.56	-1556.32	-1138.48	-412.55
Gross Margin	28.01%	34.57%	27.82%	19.83%	29.02%
Operating Margin	2.58%	15.25%	7.36%	-11.16%	3.92%
Profit Margin	4.86%	15.48%	5.68%	-15.61%	3.19%
Free Cash Flow Margin	15.82%	27.88%	-14.04%	-17.61%	-6.25%
EBITDA	3,643	22,768	11,557	-5,630	3,306
EBITDA Margin	4.82%	17.30%	9.71%	-9.04%	5.47%
D&A For EBITDA	1,694	2,701	2,789	1,318	938.35
EBIT	1,949	20,067	8,768	-6,948	2,367
EBIT Margin	2.58%	15.25%	7.36%	-11.16%	3.92%
Effective Tax Rate	3.87%	4.11%	9.10%	-	-
Advertising Expenses	2	135.33	-53.33	10.32	-

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