Pavonine 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	Mar '26 Mar 31, 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
Operating Revenue	129,018	132,540	132,825	120,685	118,038	126,265
Other Revenue	0	-	-	-0	-	-0
Revenue	129,018	132,540	132,825	120,685	118,038	126,265
Revenue Growth (YoY)	-7.34%	-0.21%	10.06%	2.24%	-6.52%	-1.98%
Cost of Revenue	113,344	116,371	112,208	107,987	96,837	109,883
Gross Profit	15,675	16,169	20,617	12,698	21,201	16,382
Selling, General & Admin	11,687	11,582	11,058	9,759	8,411	7,794
Research & Development	1,392	1,425	1,304	1,547	1,447	1,733
Amortization of Goodwill & Intangibles	17.05	17.7	15.35	13.83	15.69	79.48
Other Operating Expenses	144.09	117.6	175.65	120.11	84	104.98
Operating Expenses	14,113	13,590	12,498	11,346	11,395	11,320
Operating Income	1,561	2,579	8,118	1,352	9,805	5,061
Interest Expense	-3,977	-4,104	-3,808	-3,470	-2,525	-1,352
Interest & Investment Income	181.57	190.94	269.48	237.84	354.84	117.89
Earnings From Equity Investments	-	-	-	-	-	3,198
Currency Exchange Gain (Loss)	739.02	-857.39	2,908	765.55	1,240	3,186
Other Non Operating Income (Expenses)	-225.54	1,296	-60.61	314.1	-628.36	889.38
EBT Excluding Unusual Items	-1,721	-895.89	7,427	-800.41	8,247	11,101
Impairment of Goodwill	-2,059	-2,059	-	-	-	-
Gain (Loss) on Sale of Investments	-1,454	-1,470	185.2	35.4	-64.94	-2,013
Gain (Loss) on Sale of Assets	45.34	-52.85	109.62	213.29	50.9	40.6
Other Unusual Items	-33.99	-	151.84	399.49	-	-108.58
Pretax Income	-5,222	-4,477	7,874	-152.23	8,233	9,020
Income Tax Expense	-191.99	-293.19	840.65	-298.06	1,891	947.72
Earnings From Continuing Operations	-5,030	-4,184	7,033	145.83	6,342	8,072
Earnings From Discontinued Operations	-	-	-	-	-	-1,129
Net Income to Company	-5,030	-4,184	7,033	145.83	6,342	6,943
Minority Interest in Earnings	471.86	506.96	260.56	-	-	75.23
Net Income	-4,558	-3,677	7,294	145.83	6,342	7,018
Net Income to Common	-4,558	-3,677	7,294	145.83	6,342	7,018
Net Income Growth	-	-	4901.55%	-97.70%	-9.63%	60.65%
Shares Outstanding (Basic)	11	11	12	13	13	13
Shares Outstanding (Diluted)	11	11	18	13	17	14
Shares Change (YoY)	-35.92%	-36.74%	42.96%	-25.01%	15.88%	22.33%
EPS (Basic)	-399.58	-322.77	602.00	11.58	492.18	533.04
EPS (Diluted)	-399.58	-322.77	405.00	11.58	431.09	472.48
EPS Growth	-	-	3398.61%	-97.31%	-8.76%	100.58%
Free Cash Flow	2,270	2,123	-11,155	12,878	-3,360	-1,913
Free Cash Flow Per Share	198.97	186.34	-619.39	1022.24	-200.01	-131.96
Gross Margin	12.15%	12.20%	15.52%	10.52%	17.96%	12.97%
Operating Margin	1.21%	1.95%	6.11%	1.12%	8.31%	4.01%
Profit Margin	-3.53%	-2.77%	5.49%	0.12%	5.37%	5.56%
Free Cash Flow Margin	1.76%	1.60%	-8.40%	10.67%	-2.85%	-1.52%
EBITDA	10,241	11,132	15,857	9,319	17,494	13,014
EBITDA Margin	7.94%	8.40%	11.94%	7.72%	14.82%	10.31%
D&A For EBITDA	8,680	8,553	7,738	7,967	7,689	7,953
EBIT	1,561	2,579	8,118	1,352	9,805	5,061
EBIT Margin	1.21%	1.95%	6.11%	1.12%	8.31%	4.01%
Effective Tax Rate	-	-	10.68%	-	22.96%	10.51%
Advertising Expenses	-	167.82	50.65	-	-	-

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