S2W Inc. (KOSDAQ:488280)

S2W Inc. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	10,089	9,612	6,267	4,125
Revenue Growth (YoY)	4.97%	53.37%	51.93%	-
Gross Profit	10,089	9,612	6,267	4,125
Selling, General & Admin	13,448	11,749	9,583	7,971
Research & Development	1,338	1,375	1,355	1,475
Amortization of Goodwill & Intangibles	-	-	14.35	6.7
Other Operating Expenses	-	-	33.93	21.79
Operating Expenses	15,729	14,109	11,938	10,362
Operating Income	-5,640	-4,498	-5,671	-6,238
Interest Expense	-73.05	-2,594	-2,022	-1,525
Interest & Investment Income	265.23	311.13	361.91	255.21
Earnings From Equity Investments	-	-116.95	-33.05	-
Currency Exchange Gain (Loss)	55.86	22.54	0.17	0.84
Other Non Operating Income (Expenses)	0.48	-7,227	-5,202	-2,483
EBT Excluding Unusual Items	-5,392	-14,102	-12,566	-9,990
Gain (Loss) on Sale of Investments	101.04	-	-	-
Gain (Loss) on Sale of Assets	-	-0.69	-7.59	-1.12
Pretax Income	-5,291	-14,103	-12,574	-9,991
Net Income	-5,291	-14,103	-12,574	-9,991
Net Income to Common	-5,291	-14,103	-12,574	-9,991
Shares Outstanding (Basic)	9	5	5	5
Shares Outstanding (Diluted)	9	5	5	5
Shares Change (YoY)	85.36%	5.00%	3.26%	-
EPS (Basic)	-560.67	-2770.11	-2593.26	-2127.81
EPS (Diluted)	-560.67	-2770.11	-2593.26	-2127.81
Free Cash Flow	-4,822	-3,795	-2,606	-3,295
Free Cash Flow Per Share	-510.94	-745.33	-537.43	-701.68
Gross Margin	100.00%	100.00%	100.00%	100.00%
Operating Margin	-55.91%	-46.79%	-90.50%	-151.23%
Profit Margin	-52.44%	-146.73%	-200.64%	-242.22%
Free Cash Flow Margin	-47.79%	-39.48%	-41.58%	-79.88%
EBITDA	-4,697	-3,512	-4,701	-5,347
EBITDA Margin	-46.55%	-36.54%	-75.02%	-129.62%
D&A For EBITDA	943.87	985.49	970.2	891.11
EBIT	-5,640	-4,498	-5,671	-6,238
EBIT Margin	-55.91%	-46.79%	-90.50%	-151.23%
Advertising Expenses	541.82	419.92	333.74	194.54

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