Bitmax 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	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	37,172	1,766	2,896	2,367
Revenue Growth (YoY)	2005.36%	-39.04%	22.35%	-
Cost of Revenue	28,883	-	29.96	698.59
Gross Profit	8,289	1,766	2,866	1,669
Selling, General & Admin	21,282	15,293	11,506	4,686
Research & Development	2,633	1,346	1,082	535.36
Other Operating Expenses	750.91	480.99	254.73	150.76
Operating Expenses	29,100	18,290	13,639	5,967
Operating Income	-20,811	-16,525	-10,773	-4,298
Interest Expense	-2,374	-1,857	-285.98	-40.62
Interest & Investment Income	514.66	1,739	507.16	36.11
Currency Exchange Gain (Loss)	46	-2.62	0.53	-1.41
Other Non Operating Income (Expenses)	2,282	3,461	-1,748	-15.18
EBT Excluding Unusual Items	-20,342	-13,183	-12,299	-4,319
Impairment of Goodwill	-6,112	-	-2,700	-
Gain (Loss) on Sale of Investments	-98.22	-47.6	-	-
Gain (Loss) on Sale of Assets	-179.78	-	-	-
Asset Writedown	-784.74	-	-	-
Other Unusual Items	-483	-	-	-
Pretax Income	-27,999	-13,231	-14,999	-4,319
Income Tax Expense	-1,027	-	-	-
Earnings From Continuing Operations	-26,972	-13,231	-14,999	-4,319
Minority Interest in Earnings	195.62	-	91.49	-
Net Income	-26,776	-13,231	-14,908	-4,319
Net Income to Common	-26,776	-13,231	-14,908	-4,319
Shares Outstanding (Basic)	21	20	19	16
Shares Outstanding (Diluted)	21	20	19	16
Shares Change (YoY)	6.88%	3.79%	18.65%	-
EPS (Basic)	-1280.00	-676.00	-790.59	-271.77
EPS (Diluted)	-1280.00	-676.00	-791.00	-272.00
Free Cash Flow	-16,966	-21,345	-8,690	-4,285
Free Cash Flow Per Share	-811.04	-1090.57	-460.85	-269.61
Gross Margin	22.30%	100.00%	98.97%	70.49%
Operating Margin	-55.99%	-935.93%	-371.94%	-181.57%
Profit Margin	-72.04%	-749.38%	-514.71%	-182.46%
Free Cash Flow Margin	-45.64%	-1208.96%	-300.03%	-181.01%
EBITDA	-18,627	-15,354	-9,977	-3,704
EBITDA Margin	-50.11%	-	-	-156.45%
D&A For EBITDA	2,184	1,170	796.05	594.69
EBIT	-20,811	-16,525	-10,773	-4,298
EBIT Margin	-55.99%	-	-	-181.57%
Advertising Expenses	246.53	112.2	189.34	84.81

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.