Spigen Korea Co.,Ltd 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	462,976	465,294	447,399	445,896	385,751	403,319
Other Revenue	-	-0	-0	-	-0	-
Revenue	462,976	465,294	447,399	445,896	385,751	403,319
Revenue Growth (YoY)	-1.35%	4.00%	0.34%	15.59%	-4.36%	30.71%
Cost of Revenue	178,908	167,684	146,582	142,075	125,522	129,488
Gross Profit	284,067	297,610	300,817	303,822	260,229	273,831
Selling, General & Admin	238,701	252,352	246,642	235,668	201,294	179,392
Research & Development	8,867	9,201	7,229	6,176	5,424	5,381
Amortization of Goodwill & Intangibles	797.33	2,795	2,169	1,558	1,489	1,515
Other Operating Expenses	2,770	3,250	3,099	1,938	1,543	1,865
Operating Expenses	258,868	275,861	265,526	251,834	215,647	194,169
Operating Income	25,199	21,749	35,291	51,987	44,581	79,662
Interest Expense	-108.25	-144.04	-156.62	-387.75	-395.59	-529.25
Interest & Investment Income	5,476	5,291	8,890	5,589	4,611	4,487
Earnings From Equity Investments	-	-	-	-	-	-52.56
Currency Exchange Gain (Loss)	8,572	8,572	3,663	666.51	7,882	-6,481
Other Non Operating Income (Expenses)	-3,586	1,019	1,082	-542.02	1,370	-704
EBT Excluding Unusual Items	35,552	36,486	48,770	57,313	58,049	76,382
Gain (Loss) on Sale of Investments	-834.38	-402.66	3,200	-3,425	-1,906	-1,172
Gain (Loss) on Sale of Assets	-317.97	-317.97	1.84	-8,243	880.09	-4.38
Asset Writedown	-905.23	-905.23	329.19	-3,894	-7,206	-
Pretax Income	33,495	34,860	52,301	41,751	49,817	75,205
Income Tax Expense	4,432	6,965	10,976	8,980	4,127	20,411
Earnings From Continuing Operations	29,063	27,895	41,325	32,772	45,690	54,794
Minority Interest in Earnings	653.72	1,093	727.67	245.09	121.92	-1,315
Net Income	29,716	28,989	42,053	33,017	45,812	53,478
Net Income to Common	29,716	28,989	42,053	33,017	45,812	53,478
Net Income Growth	14.43%	-31.07%	27.37%	-27.93%	-14.34%	32.57%
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	-1.99%	-	-	-	-	-
EPS (Basic)	5028.32	4807.51	6974.08	5475.61	7597.56	8868.98
EPS (Diluted)	5028.32	4807.51	6974.00	5475.61	7597.56	8868.98
EPS Growth	16.76%	-31.06%	27.37%	-27.93%	-14.34%	32.57%
Free Cash Flow	-35,036	-43,784	-46,456	-12,175	40,245	57,729
Free Cash Flow Per Share	-5928.54	-7261.21	-7704.39	-2019.15	6674.32	9573.88
Dividend Per Share	462.000	462.000	-	-	-	1200.000
Dividend Growth	-	-	-	-	-	-7.69%
Gross Margin	61.36%	63.96%	67.24%	68.14%	67.46%	67.89%
Operating Margin	5.44%	4.67%	7.89%	11.66%	11.56%	19.75%
Profit Margin	6.42%	6.23%	9.40%	7.41%	11.88%	13.26%
Free Cash Flow Margin	-7.57%	-9.41%	-10.38%	-2.73%	10.43%	14.31%
EBITDA	33,322	32,386	44,010	59,888	52,026	87,219
EBITDA Margin	7.20%	6.96%	9.84%	13.43%	13.49%	21.63%
D&A For EBITDA	8,123	10,637	8,719	7,901	7,444	7,557
EBIT	25,199	21,749	35,291	51,987	44,581	79,662
EBIT Margin	5.44%	4.67%	7.89%	11.66%	11.56%	19.75%
Effective Tax Rate	13.23%	19.98%	20.99%	21.51%	8.29%	27.14%
Advertising Expenses	-	26,662	24,909	23,402	15,486	12,648

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.