HANPASS Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	51,235	39,609	18,409
Other Revenue	15,213	15,688	10,602
Revenue	66,448	55,297	29,011
Revenue Growth (YoY)	20.17%	90.61%	-
Cost of Revenue	302.16	224.2	7,663
Gross Profit	66,146	55,072	21,347
Selling, General & Admin	55,712	48,112	17,483
Amortization of Goodwill & Intangibles	579.36	555.2	496.54
Other Operating Expenses	373.2	194.11	168.54
Operating Expenses	57,914	49,895	19,221
Operating Income	8,232	5,178	2,126
Interest Expense	-3,635	-3,569	-2,705
Interest & Investment Income	947.59	335.79	61.3
Currency Exchange Gain (Loss)	-323.61	245.67	-
Other Non Operating Income (Expenses)	-1,784	1,598	-8,504
EBT Excluding Unusual Items	3,438	3,788	-9,022
Gain (Loss) on Sale of Investments	3,554	1,142	24.62
Gain (Loss) on Sale of Assets	-21.04	-0.21	-0.35
Other Unusual Items	-	-64.38	-
Pretax Income	6,971	4,865	-8,998
Income Tax Expense	365.78	462.14	77.32
Net Income	6,605	4,403	-9,075
Net Income to Common	6,605	4,403	-9,075
Net Income Growth	50.03%	-	-
Shares Outstanding (Basic)	7	5	5
Shares Outstanding (Diluted)	7	9	5
Shares Change (YoY)	-13.81%	70.95%	-
EPS (Basic)	898.00	874.00	-1807.78
EPS (Diluted)	893.00	513.00	-1808.00
EPS Growth	74.07%	-	-
Free Cash Flow	1,092	-6,432	2,575
Free Cash Flow Per Share	147.58	-749.51	512.94
Gross Margin	99.54%	99.59%	73.58%
Operating Margin	12.39%	9.36%	7.33%
Profit Margin	9.94%	7.96%	-31.28%
Free Cash Flow Margin	1.64%	-11.63%	8.88%
EBITDA	10,381	6,766	3,428
EBITDA Margin	15.62%	12.24%	11.82%
D&A For EBITDA	2,149	1,588	1,302
EBIT	8,232	5,178	2,126
EBIT Margin	12.39%	9.36%	7.33%
Effective Tax Rate	5.25%	9.50%	-
Advertising Expenses	3,035	3,105	1,407

Source: S&P Global Market Intelligence. Standard template. Financial Sources.