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	Jun '26 Jun 30, 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	887,555	884,945	942,249	935,225	835,953	703,869
Other Revenue	-0	-0	-	-0	-0	-
Revenue	887,555	884,945	942,249	935,225	835,953	703,869
Revenue Growth	-3.22%	-6.08%	0.75%	11.88%	18.77%	48.27%
Cost of Revenue	389,129	384,812	410,202	409,422	363,357	317,468
Gross Profit	498,425	500,132	532,047	525,803	472,596	386,401
Selling, General & Admin	310,873	309,497	335,074	328,166	280,291	238,153
Amortization of Goodwill & Intangibles	6,868	6,546	5,599	2,932	2,094	1,137
Other Operating Expenses	6,887	6,546	6,205	5,670	4,692	5,314
Operating Expenses	381,869	379,113	408,422	398,362	337,206	287,393
Operating Income	116,557	121,020	123,624	127,441	135,390	99,007
Interest Expense	-4,053	-3,836	-4,269	-5,826	-3,410	-2,655
Interest & Investment Income	7,483	6,730	7,412	3,825	4,100	1,637
Earnings From Equity Investments	770.51	0	-975	935.08	21.6	-128.56
Currency Exchange Gain (Loss)	208.19	-	-	-	-	-
Other Non Operating Income (Expenses)	5,481	7,794	-3,860	5,453	1,611	3,870
EBT Excluding Unusual Items	126,446	131,707	121,933	131,827	137,712	101,730
Gain (Loss) on Sale of Investments	908.19	-981.72	117.76	-1,367	279.04	10,385
Gain (Loss) on Sale of Assets	-5,110	-2,630	-2,846	-1,379	-942.03	-416.03
Asset Writedown	-4,150	-7,263	-54,180	-2,142	-2,741	-2,491
Pretax Income	118,095	120,833	65,025	126,938	134,308	109,208
Income Tax Expense	27,788	27,898	14,870	31,145	34,751	27,663
Earnings From Continuing Operations	90,307	92,935	50,155	95,793	99,557	81,545
Minority Interest in Earnings	-5,943	-7,667	-3,982	-1,188	4,040	-382.71
Net Income	84,364	85,268	46,173	94,606	103,598	81,162
Net Income to Common	84,364	85,268	46,173	94,606	103,598	81,162
Net Income Growth	67.91%	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	-4.04%	-3.94%	-5.64%	-1.08%	0.01%	0.27%
EPS (Basic)	8127.05	8072.45	4198.82	8117.57	8793.38	6892.57
EPS (Diluted)	8126.59	8072.00	4198.82	8117.57	8793.00	6890.00
EPS Growth	74.98%	92.24%	-48.27%	-7.68%	27.62%	276.71%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	156,616	137,677	148,536	112,908	76,277	164,903
Free Cash Flow Per Share	15087.35	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%	100.00%	-	-	-
Gross Margin	56.16%	56.52%	56.47%	56.22%	56.53%	54.90%
Operating Margin	13.13%	13.68%	13.12%	13.63%	16.20%	14.07%
Profit Margin	9.50%	9.63%	4.90%	10.12%	12.39%	11.53%
Free Cash Flow Margin	17.65%	15.56%	15.76%	12.07%	9.13%	23.43%
EBITDA	190,753	194,353	205,181	205,237	207,289	160,605
EBITDA Margin	21.49%	21.96%	21.78%	21.95%	24.80%	22.82%
D&A For EBITDA	74,196	73,333	81,556	77,797	71,899	61,598
EBIT	116,557	121,020	123,624	127,441	135,390	99,007
EBIT Margin	13.13%	13.68%	13.12%	13.63%	16.20%	14.07%
Effective Tax Rate	23.53%	23.09%	22.87%	24.54%	25.87%	25.33%
Advertising Expenses	-	62,277	72,502	78,443	71,765	63,216