Virnect Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,224	4,599	6,502	5,056	3,569
Revenue Growth (YoY)	-33.30%	-29.26%	28.59%	41.68%	-
Cost of Revenue	1,524	1,338	1,194	785.71	431.22
Gross Profit	2,701	3,261	5,308	4,271	3,138
Selling, General & Admin	7,435	8,308	8,350	10,549	5,269
Research & Development	4,629	6,536	6,917	6,353	2,018
Amortization of Goodwill & Intangibles	229.09	234.75	214.2	191.47	184.08
Other Operating Expenses	186.5	198.82	186.01	215.63	115.32
Operating Expenses	13,161	15,958	16,616	18,413	7,798
Operating Income	-10,460	-12,697	-11,308	-14,142	-4,660
Interest Expense	-311.22	-366.04	-377	-1,968	-843.88
Interest & Investment Income	560.31	1,132	476.21	329.03	14.69
Currency Exchange Gain (Loss)	-18.46	-6.38	0.29	-25.68	-1.23
Other Non Operating Income (Expenses)	46.56	-193.39	338.94	7,190	-3,486
EBT Excluding Unusual Items	-10,183	-12,131	-10,870	-8,617	-8,976
Gain (Loss) on Sale of Investments	629.02	-403.25	624.84	100.61	-
Gain (Loss) on Sale of Assets	-62.29	-49.85	-61.08	-0.59	-
Pretax Income	-9,616	-12,584	-10,306	-8,517	-8,976
Income Tax Expense	54.97	57.24	51.25	-35.37	-
Net Income	-9,671	-12,641	-10,357	-8,481	-8,976
Net Income to Common	-9,671	-12,641	-10,357	-8,481	-8,976
Shares Outstanding (Basic)	11	11	10	5	4
Shares Outstanding (Diluted)	11	11	10	5	4
Shares Change (YoY)	0.57%	13.15%	98.80%	26.17%	-
EPS (Basic)	-867.55	-1137.10	-1054.15	-1715.98	-2291.53
EPS (Diluted)	-867.55	-1137.10	-1054.15	-1716.00	-2292.00
Free Cash Flow	-9,963	-11,229	-11,999	-12,629	-3,281
Free Cash Flow Per Share	-893.75	-1010.06	-1221.21	-2555.28	-837.53
Gross Margin	63.93%	70.91%	81.64%	84.46%	87.92%
Operating Margin	-247.61%	-276.07%	-173.92%	-279.69%	-130.58%
Profit Margin	-228.94%	-274.86%	-159.30%	-167.73%	-251.52%
Free Cash Flow Margin	-235.85%	-244.15%	-184.54%	-249.77%	-91.93%
EBITDA	-9,551	-11,781	-10,145	-12,846	-4,265
EBITDA Margin	-226.09%	-256.15%	-156.02%	-254.06%	-119.49%
D&A For EBITDA	909.27	916.04	1,164	1,296	395.68
EBIT	-10,460	-12,697	-11,308	-14,142	-4,660
EBIT Margin	-247.61%	-276.07%	-173.92%	-279.69%	-130.58%
Advertising Expenses	-	409.86	693.07	277.84	76.86

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.