GOLFZON 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	465,256	483,261	619,981	685,111	617,514	440,308
Other Revenue	-0	-	-	-	-	-
Revenue	465,256	483,261	619,981	685,111	617,514	440,308
Revenue Growth (YoY)	-18.05%	-22.05%	-9.51%	10.95%	40.25%	47.49%
Cost of Revenue	187,374	195,142	277,557	316,625	257,308	156,393
Gross Profit	277,882	288,119	342,425	368,486	360,206	283,915
Selling, General & Admin	180,345	177,963	198,174	205,416	169,615	138,757
Amortization of Goodwill & Intangibles	3,175	3,122	3,161	4,495	2,160	1,140
Other Operating Expenses	2,967	3,007	2,684	2,454	2,539	2,291
Operating Expenses	223,075	220,240	247,046	253,902	211,526	176,260
Operating Income	54,807	67,879	95,379	114,584	148,679	107,656
Interest Expense	-3,391	-3,474	-3,520	-2,722	-1,880	-1,493
Interest & Investment Income	4,753	4,995	5,820	1,983	1,854	1,615
Earnings From Equity Investments	-5.51	-39.51	23.41	-2.4	6.82	21.77
Currency Exchange Gain (Loss)	5,839	-385.7	5,777	-267.26	-756.75	393.58
Other Non Operating Income (Expenses)	-11,076	-11,125	-9,208	760.8	-482.04	-5,387
EBT Excluding Unusual Items	50,927	57,850	94,271	114,336	147,422	102,806
Gain (Loss) on Sale of Investments	1,822	1,321	186.13	6,357	-834.32	-
Gain (Loss) on Sale of Assets	796.94	853.04	-526.67	-1,777	2,675	1,320
Asset Writedown	-26,742	-26,737	-18,598	-12,356	-1,129	-362.2
Pretax Income	26,803	33,287	75,332	106,560	148,133	103,764
Income Tax Expense	18,749	20,425	33,289	32,938	36,575	27,321
Earnings From Continuing Operations	8,055	12,862	42,043	73,622	111,558	76,442
Net Income to Company	8,055	12,862	42,043	73,622	111,558	76,442
Minority Interest in Earnings	12,993	12,775	7,764	5,891	2,172	-128.19
Net Income	21,048	25,637	49,807	79,512	113,729	76,314
Net Income to Common	21,048	25,637	49,807	79,512	113,729	76,314
Net Income Growth	-58.03%	-48.53%	-37.36%	-30.09%	49.03%	99.43%
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	-0.71%	-1.25%	-1.46%	-1.70%	-0.19%	0.28%
EPS (Basic)	3504.74	4269.28	8190.19	12972.86	18292.53	12166.54
EPS (Diluted)	3504.46	4269.00	8190.00	12884.00	18114.00	12132.00
EPS Growth	-57.73%	-47.88%	-36.43%	-28.87%	49.31%	98.86%
Free Cash Flow	69,825	69,106	55,166	-25,385	103,876	123,527
Free Cash Flow Per Share	11626.89	11507.82	9071.51	-4113.28	16544.90	19637.60
Dividend Per Share	4000.000	4000.000	4000.000	4500.000	4500.000	3500.000
Dividend Growth	-	-	-11.11%	-	28.57%	40.00%
Gross Margin	59.73%	59.62%	55.23%	53.79%	58.33%	64.48%
Operating Margin	11.78%	14.05%	15.38%	16.73%	24.08%	24.45%
Profit Margin	4.52%	5.30%	8.03%	11.61%	18.42%	17.33%
Free Cash Flow Margin	15.01%	14.30%	8.90%	-3.71%	16.82%	28.06%
EBITDA	93,822	107,444	143,299	162,901	190,651	144,793
EBITDA Margin	20.17%	22.23%	23.11%	23.78%	30.87%	32.88%
D&A For EBITDA	39,015	39,565	47,920	48,316	41,972	37,138
EBIT	54,807	67,879	95,379	114,584	148,679	107,656
EBIT Margin	11.78%	14.05%	15.38%	16.73%	24.08%	24.45%
Effective Tax Rate	69.95%	61.36%	44.19%	30.91%	24.69%	26.33%
Advertising Expenses	-	26,521	27,350	31,288	21,844	15,523