GOLFZON HOLDINGS 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	362,422	386,190	424,122	488,755	417,687	292,026
Other Revenue	-8,222	-	-	-	-	-
Revenue	354,200	386,190	424,122	488,755	417,687	292,026
Revenue Growth (YoY)	-10.85%	-8.94%	-13.22%	17.02%	43.03%	27.56%
Cost of Revenue	231,381	250,180	268,029	284,451	242,706	176,384
Gross Profit	122,818	136,010	156,093	204,304	174,981	115,641
Selling, General & Admin	74,158	76,683	82,483	90,264	84,750	70,693
Research & Development	-	-	-	543.66	1,666	1,576
Amortization of Goodwill & Intangibles	962.51	497.33	465.95	1,047	1,214	1,638
Other Operating Expenses	1,940	1,968	2,102	2,048	1,760	1,549
Operating Expenses	87,781	96,802	102,599	109,807	101,848	85,656
Operating Income	35,037	39,207	53,494	94,497	73,134	29,985
Interest Expense	-10,926	-11,325	-10,700	-8,054	-7,985	-8,773
Interest & Investment Income	3,529	2,794	2,177	1,289	734.15	716.92
Earnings From Equity Investments	32.8	29.54	-	-	83,734	8,829
Currency Exchange Gain (Loss)	-1,640	-3,615	-367.47	-1,195	-1,407	960.91
Other Non Operating Income (Expenses)	2,414	5,020	3,163	10,642	2,820	3,176
EBT Excluding Unusual Items	28,448	32,111	47,766	97,179	151,029	34,895
Gain (Loss) on Sale of Investments	3,110	3,060	-385.39	-1,610	1,125	11,888
Gain (Loss) on Sale of Assets	44.18	-76.42	-66.3	117.42	-189.01	437.54
Asset Writedown	-914.58	-914.58	-1,046	-146.83	-79.2	-6,721
Pretax Income	30,687	34,180	46,268	95,540	151,886	40,500
Income Tax Expense	2,673	-9,992	8,030	7,530	16,029	12,018
Earnings From Continuing Operations	28,014	44,173	38,239	88,010	135,857	28,482
Earnings From Discontinued Operations	-	-532.98	-591.15	-	-	-
Net Income to Company	28,014	43,640	37,648	88,010	135,857	28,482
Minority Interest in Earnings	-40.38	-29.39	-108.82	-1,103	-1,090	-306.63
Net Income	27,974	43,610	37,539	86,908	134,767	28,175
Net Income to Common	27,974	43,610	37,539	86,908	134,767	28,175
Net Income Growth	-37.63%	16.17%	-56.81%	-35.51%	378.32%	-
Shares Outstanding (Basic)	40	41	42	43	43	43
Shares Outstanding (Diluted)	40	41	42	43	43	43
Shares Change (YoY)	-4.24%	-1.92%	-1.49%	-	-	-
EPS (Basic)	701.75	1055.61	891.21	2032.49	3151.77	658.92
EPS (Diluted)	701.75	1055.61	891.21	2032.49	3151.77	658.92
EPS Growth	-34.87%	18.45%	-56.15%	-35.51%	378.32%	-
Free Cash Flow	11,135	19,111	9,350	6,368	14,792	21,698
Free Cash Flow Per Share	279.33	462.58	221.98	148.94	345.93	507.45
Dividend Per Share	250.000	250.000	-	-	140.000	117.000
Dividend Growth	-	-	-	-	19.66%	-
Gross Margin	34.67%	35.22%	36.80%	41.80%	41.89%	39.60%
Operating Margin	9.89%	10.15%	12.61%	19.33%	17.51%	10.27%
Profit Margin	7.90%	11.29%	8.85%	17.78%	32.27%	9.65%
Free Cash Flow Margin	3.14%	4.95%	2.21%	1.30%	3.54%	7.43%
EBITDA	54,812	58,794	73,390	113,313	90,116	47,458
EBITDA Margin	15.47%	15.22%	17.30%	23.18%	21.57%	16.25%
D&A For EBITDA	19,775	19,587	19,896	18,816	16,982	17,473
EBIT	35,037	39,207	53,494	94,497	73,134	29,985
EBIT Margin	9.89%	10.15%	12.61%	19.33%	17.51%	10.27%
Effective Tax Rate	8.71%	-	17.35%	7.88%	10.55%	29.67%
Advertising Expenses	-	3,710	4,575	4,753	3,638	2,056

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