MegaStudyEdu Co. 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	883,805	884,945	942,249	935,225	835,953	703,869
Other Revenue	-0	-0	-	-0	-0	-
Revenue	883,805	884,945	942,249	935,225	835,953	703,869
Revenue Growth (YoY)	-5.02%	-6.08%	0.75%	11.88%	18.77%	48.27%
Cost of Revenue	385,135	384,812	410,202	409,422	363,357	317,468
Gross Profit	498,670	500,132	532,047	525,803	472,596	386,401
Selling, General & Admin	308,714	309,497	335,074	328,166	280,291	238,153
Amortization of Goodwill & Intangibles	6,712	6,546	5,599	2,932	2,094	1,137
Other Operating Expenses	6,650	6,546	6,205	5,670	4,692	5,314
Operating Expenses	377,867	379,113	408,422	398,362	337,206	287,393
Operating Income	120,803	121,020	123,624	127,441	135,390	99,007
Interest Expense	-3,902	-3,836	-4,269	-5,826	-3,410	-2,655
Interest & Investment Income	7,127	6,730	7,412	3,825	4,100	1,637
Earnings From Equity Investments	34.41	0	-975	935.08	21.6	-128.56
Currency Exchange Gain (Loss)	15.9	-	-	-	-	-
Other Non Operating Income (Expenses)	9,254	7,794	-3,860	5,453	1,611	3,870
EBT Excluding Unusual Items	133,332	131,707	121,933	131,827	137,712	101,730
Gain (Loss) on Sale of Investments	229.01	-981.72	117.76	-1,367	279.04	10,385
Gain (Loss) on Sale of Assets	-2,371	-2,630	-2,846	-1,379	-942.03	-416.03
Asset Writedown	-7,263	-7,263	-54,180	-2,142	-2,741	-2,491
Pretax Income	123,927	120,833	65,025	126,938	134,308	109,208
Income Tax Expense	29,305	27,898	14,870	31,145	34,751	27,663
Earnings From Continuing Operations	94,622	92,935	50,155	95,793	99,557	81,545
Minority Interest in Earnings	-8,174	-7,667	-3,982	-1,188	4,040	-382.71
Net Income	86,448	85,268	46,173	94,606	103,598	81,162
Net Income to Common	86,448	85,268	46,173	94,606	103,598	81,162
Net Income Growth	73.34%	84.67%	-51.20%	-8.68%	27.64%	277.76%
Shares Outstanding (Basic)	10	11	11	12	12	12
Shares Outstanding (Diluted)	10	11	11	12	12	12
Shares Change (YoY)	-3.91%	-3.94%	-5.64%	-1.08%	0.01%	0.27%
EPS (Basic)	8263.74	8072.45	4198.82	8117.57	8793.38	6892.57
EPS (Diluted)	8263.29	8072.00	4198.82	8117.57	8793.00	6890.00
EPS Growth	80.39%	92.24%	-48.27%	-7.68%	27.62%	276.71%
Free Cash Flow	154,350	137,677	148,536	112,908	76,277	164,903
Free Cash Flow Per Share	14754.59	13034.02	13507.53	9688.02	6474.38	13997.98
Dividend Per Share	3000.000	3000.000	1500.000	-	-	-
Dividend Growth	100.00%	100.00%	-	-	-	-
Gross Margin	56.42%	56.52%	56.47%	56.22%	56.53%	54.90%
Operating Margin	13.67%	13.68%	13.12%	13.63%	16.20%	14.07%
Profit Margin	9.78%	9.63%	4.90%	10.12%	12.39%	11.53%
Free Cash Flow Margin	17.46%	15.56%	15.76%	12.07%	9.13%	23.43%
EBITDA	194,238	194,353	205,181	205,237	207,289	160,605
EBITDA Margin	21.98%	21.96%	21.78%	21.95%	24.80%	22.82%
D&A For EBITDA	73,436	73,333	81,556	77,797	71,899	61,598
EBIT	120,803	121,020	123,624	127,441	135,390	99,007
EBIT Margin	13.67%	13.68%	13.12%	13.63%	16.20%	14.07%
Effective Tax Rate	23.65%	23.09%	22.87%	24.54%	25.87%	25.33%
Advertising Expenses	-	62,277	72,502	78,443	71,765	63,216