Wise birds Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	30,788	13,858	15,774
Revenue Growth (YoY)	122.16%	-12.14%	-
Cost of Revenue	48.12	87.4	31.92
Gross Profit	30,740	13,771	15,742
Selling, General & Admin	23,928	10,712	11,269
Research & Development	1,420	845.9	623.93
Other Operating Expenses	805.02	486.06	301.99
Operating Expenses	28,434	13,552	13,176
Operating Income	2,305	218.77	2,566
Interest Expense	-4,858	-47.02	-37.08
Interest & Investment Income	154.95	116.61	250.28
Currency Exchange Gain (Loss)	38.98	-162.57	-357.36
Other Non Operating Income (Expenses)	6,259	3.68	-21.34
EBT Excluding Unusual Items	3,900	129.48	2,401
Gain (Loss) on Sale of Investments	87.35	905.96	207.48
Gain (Loss) on Sale of Assets	-15	-5.01	-29.12
Asset Writedown	-1,079	-	-
Pretax Income	2,894	1,030	2,579
Income Tax Expense	764.17	187.49	340.15
Earnings From Continuing Operations	2,129	842.93	2,239
Minority Interest in Earnings	44.04	31.66	-
Net Income	2,174	874.59	2,239
Net Income to Common	2,174	874.59	2,239
Net Income Growth	148.52%	-60.94%	-
Shares Outstanding (Basic)	51	51	50
Shares Outstanding (Diluted)	51	51	50
Shares Change (YoY)	-1.75%	2.34%	-
EPS (Basic)	43.00	17.00	44.54
EPS (Diluted)	43.00	17.00	44.54
EPS Growth	152.94%	-61.83%	-
Free Cash Flow	5,202	-7,780	1,343
Free Cash Flow Per Share	102.92	-151.22	26.71
Gross Margin	99.84%	99.37%	99.80%
Operating Margin	7.49%	1.58%	16.27%
Profit Margin	7.06%	6.31%	14.19%
Free Cash Flow Margin	16.90%	-56.14%	8.51%
EBITDA	4,590	1,410	3,546
EBITDA Margin	14.91%	10.18%	22.48%
D&A For EBITDA	2,285	1,191	979.81
EBIT	2,305	218.77	2,566
EBIT Margin	7.49%	1.58%	16.27%
Effective Tax Rate	26.41%	18.20%	13.19%
Advertising Expenses	16.26	7.17	8.84

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.