SAMICK MUSICAL INSTRUMENT Co., Ltd (KRX:002450)

SAMICK MUSICAL INSTRUMENT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	227,578	230,380	247,929	325,700	295,428	247,858
Other Revenue	-	-	-	-0	-0	-0
Revenue	227,578	230,380	247,929	325,700	295,428	247,858
Revenue Growth (YoY)	-2.91%	-7.08%	-23.88%	10.25%	19.19%	-6.61%
Cost of Revenue	175,930	175,876	191,490	260,374	214,547	181,300
Gross Profit	51,648	54,504	56,439	65,325	80,881	66,558
Selling, General & Admin	45,165	44,324	46,578	49,023	42,943	41,129
Operating Expenses	49,341	48,524	49,824	54,178	47,786	46,392
Operating Income	2,307	5,980	6,615	11,147	33,095	20,166
Interest Expense	-6,257	-6,400	-6,858	-6,429	-7,307	-11,076
Interest & Investment Income	3,123	2,899	2,069	1,258	646.06	416.95
Earnings From Equity Investments	57.06	57.06	799.21	-111.49	-	56.26
Currency Exchange Gain (Loss)	1,709	2,716	693.67	-10.33	1,214	-634.24
Other Non Operating Income (Expenses)	281.14	571.76	1,142	2,668	-9,871	856.3
EBT Excluding Unusual Items	1,221	5,823	4,461	8,523	17,777	9,785
Gain (Loss) on Sale of Investments	2,166	3,209	2,962	-	48,053	3,140
Gain (Loss) on Sale of Assets	1,248	814.52	7.25	19,097	142.74	1,955
Asset Writedown	-4,336	-3,349	-237.05	-4,093	-25,297	-687.02
Pretax Income	299.38	6,498	7,193	23,526	40,676	14,194
Income Tax Expense	3,037	3,377	3,804	8,459	16,912	4,232
Earnings From Continuing Operations	-2,737	3,121	3,389	15,068	23,764	9,961
Net Income to Company	-2,737	3,121	3,389	15,068	23,764	9,961
Minority Interest in Earnings	27.84	26.11	32.93	34.28	820.12	74.52
Net Income	-2,709	3,147	3,422	15,102	24,584	10,036
Net Income to Common	-2,709	3,147	3,422	15,102	24,584	10,036
Net Income Growth	-	-8.03%	-77.34%	-38.57%	144.96%	-26.47%
Shares Outstanding (Basic)	76	77	81	81	84	84
Shares Outstanding (Diluted)	76	77	81	81	84	84
Shares Change (YoY)	-5.91%	-4.61%	-0.16%	-2.82%	-0.01%	-
EPS (Basic)	-35.58	40.72	42.23	186.08	294.35	120.15
EPS (Diluted)	-35.58	40.72	42.00	186.00	294.00	120.00
EPS Growth	-	-3.06%	-77.42%	-36.73%	145.00%	-26.38%
Free Cash Flow	28,296	32,865	16,904	12,052	11,131	30,326
Free Cash Flow Per Share	371.61	425.19	208.61	148.49	133.27	363.05
Dividend Per Share	50.000	50.000	-	-	-	-
Gross Margin	22.70%	23.66%	22.76%	20.06%	27.38%	26.85%
Operating Margin	1.01%	2.60%	2.67%	3.42%	11.20%	8.14%
Profit Margin	-1.19%	1.37%	1.38%	4.64%	8.32%	4.05%
Free Cash Flow Margin	12.43%	14.27%	6.82%	3.70%	3.77%	12.23%
EBITDA	19,039	22,856	19,784	24,624	46,245	33,549
EBITDA Margin	8.37%	9.92%	7.98%	7.56%	15.65%	13.54%
D&A For EBITDA	16,733	16,876	13,168	13,476	13,150	13,383
EBIT	2,307	5,980	6,615	11,147	33,095	20,166
EBIT Margin	1.01%	2.60%	2.67%	3.42%	11.20%	8.14%
Effective Tax Rate	1014.35%	51.97%	52.89%	35.95%	41.58%	29.82%
Advertising Expenses	-	1,799	2,566	1,524	1,731	1,231

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