REFINE Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2021	FY 2020	FY 2019
Period Ending	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	58,037	58,774	54,164	44,731
Revenue Growth (YoY)	7.15%	8.51%	21.09%	-
Cost of Revenue	53.37	18.54	93.97	31.53
Gross Profit	57,984	58,755	54,070	44,699
Selling, General & Admin	35,272	34,453	30,981	37,239
Amortization of Goodwill & Intangibles	251.29	226.64	203.15	175.88
Other Operating Expenses	2,105	2,192	1,972	1,517
Operating Expenses	38,565	37,797	33,837	39,481
Operating Income	19,418	20,958	20,233	5,218
Interest Expense	-12.35	-14.56	-16.19	-20.85
Interest & Investment Income	487.39	383.23	260.99	251.13
Currency Exchange Gain (Loss)	-0.25	-0.25	-	-
Other Non Operating Income (Expenses)	-22.17	25.76	26.22	34.18
EBT Excluding Unusual Items	19,871	21,352	20,504	5,483
Gain (Loss) on Sale of Investments	254.92	38.41	-82.43	1,522
Gain (Loss) on Sale of Assets	-0.11	-0.11	-27.89	3.86
Asset Writedown	-61.86	-63.96	-22	-
Pretax Income	20,064	21,327	20,372	7,009
Income Tax Expense	3,855	4,391	4,534	1,540
Earnings From Continuing Operations	16,209	16,936	15,837	5,469
Earnings From Discontinued Operations	35.89	-54.55	229.86	-59.28
Net Income	16,244	16,881	16,067	5,410
Net Income to Common	16,244	16,881	16,067	5,410
Net Income Growth	1.10%	5.07%	197.00%	-
Shares Outstanding (Basic)	15	14	13	13
Shares Outstanding (Diluted)	15	14	13	13
Shares Change (YoY)	12.42%	5.59%	-	-
EPS (Basic)	1111.50	1229.85	1235.94	416.14
EPS (Diluted)	1111.22	1229.85	1235.94	416.14
EPS Growth	-10.09%	-0.49%	197.00%	-
Free Cash Flow	16,830	16,570	12,285	9,703
Free Cash Flow Per Share	1151.59	1207.16	945.00	746.37
Gross Margin	99.91%	99.97%	99.83%	99.93%
Operating Margin	33.46%	35.66%	37.35%	11.67%
Profit Margin	27.99%	28.72%	29.66%	12.09%
Free Cash Flow Margin	29.00%	28.19%	22.68%	21.69%
EBITDA	20,559	22,066	21,116	5,943
EBITDA Margin	35.42%	37.54%	38.99%	13.29%
D&A For EBITDA	1,141	1,108	883.49	724.43
EBIT	19,418	20,958	20,233	5,218
EBIT Margin	33.46%	35.66%	37.35%	11.67%
Effective Tax Rate	19.22%	20.59%	22.26%	21.97%
Advertising Expenses	-	90.95	70.08	16.25

Updated May 12, 2022. Source: S&P Global Market Intelligence. Standard template. Financial Sources.