Pavonine 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	134,441	132,825	120,685	118,038	126,265	128,812
Other Revenue	-	-	-0	-	-0	-
Revenue	134,441	132,825	120,685	118,038	126,265	128,812
Revenue Growth (YoY)	5.83%	10.06%	2.24%	-6.52%	-1.98%	24.32%
Cost of Revenue	116,493	112,208	107,987	96,837	109,883	108,718
Gross Profit	17,948	20,617	12,698	21,201	16,382	20,094
Selling, General & Admin	11,191	11,058	9,759	8,411	7,794	8,783
Research & Development	1,405	1,304	1,547	1,447	1,733	2,277
Amortization of Goodwill & Intangibles	11.34	15.35	13.83	15.69	79.48	99.37
Other Operating Expenses	158.28	175.65	120.11	84	104.98	132.48
Operating Expenses	13,140	12,498	11,346	11,395	11,320	12,264
Operating Income	4,808	8,118	1,352	9,805	5,061	7,830
Interest Expense	-4,210	-3,808	-3,470	-2,525	-1,352	-2,368
Interest & Investment Income	189.99	269.48	237.84	354.84	117.89	26.23
Earnings From Equity Investments	-	-	-	-	3,198	-
Currency Exchange Gain (Loss)	1,021	2,908	765.55	1,240	3,186	-1,664
Other Non Operating Income (Expenses)	1,202	-60.61	314.1	-628.36	889.38	401.66
EBT Excluding Unusual Items	3,011	7,427	-800.41	8,247	11,101	4,225
Gain (Loss) on Sale of Investments	117.4	185.2	35.4	-64.94	-2,013	141.83
Gain (Loss) on Sale of Assets	-57.56	109.62	213.29	50.9	40.6	1,409
Other Unusual Items	-67.9	151.84	399.49	-	-108.58	-561.38
Pretax Income	3,003	7,874	-152.23	8,233	9,020	5,215
Income Tax Expense	-5.35	840.65	-298.06	1,891	947.72	431.79
Earnings From Continuing Operations	3,008	7,033	145.83	6,342	8,072	4,783
Earnings From Discontinued Operations	-	-	-	-	-1,129	-444.01
Net Income to Company	3,008	7,033	145.83	6,342	6,943	4,339
Minority Interest in Earnings	468.44	260.56	-	-	75.23	29.58
Net Income	3,477	7,294	145.83	6,342	7,018	4,369
Net Income to Common	3,477	7,294	145.83	6,342	7,018	4,369
Net Income Growth	-23.58%	4901.55%	-97.70%	-9.63%	60.65%	-
Shares Outstanding (Basic)	11	12	13	13	13	12
Shares Outstanding (Diluted)	15	17	13	17	14	12
Shares Change (YoY)	-15.16%	35.20%	-25.01%	15.88%	22.33%	13.09%
EPS (Basic)	305.25	601.76	11.58	492.18	533.04	372.76
EPS (Diluted)	210.83	405.04	11.58	431.09	472.48	235.56
EPS Growth	-18.82%	3398.92%	-97.31%	-8.76%	100.58%	-
Free Cash Flow	-8,068	-11,155	12,878	-3,360	-1,913	11,969
Free Cash Flow Per Share	-542.84	-654.92	1022.24	-200.01	-131.96	1009.99
Dividend Per Share	80.000	80.000	-	-	-	-
Gross Margin	13.35%	15.52%	10.52%	17.96%	12.97%	15.60%
Operating Margin	3.58%	6.11%	1.12%	8.31%	4.01%	6.08%
Profit Margin	2.59%	5.49%	0.12%	5.37%	5.56%	3.39%
Free Cash Flow Margin	-6.00%	-8.40%	10.67%	-2.85%	-1.52%	9.29%
EBITDA	13,060	15,857	9,319	17,494	13,014	16,079
EBITDA Margin	9.71%	11.94%	7.72%	14.82%	10.31%	12.48%
D&A For EBITDA	8,252	7,738	7,967	7,689	7,953	8,249
EBIT	4,808	8,118	1,352	9,805	5,061	7,830
EBIT Margin	3.58%	6.11%	1.12%	8.31%	4.01%	6.08%
Effective Tax Rate	-	10.68%	-	22.96%	10.51%	8.28%
Advertising Expenses	-	50.65	-	-	-	-

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