Miwon Commercial 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	FY 2020
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	Dec '20 Dec 31, 2020
Operating Revenue	447,182	435,798	421,367	438,188	359,795	294,984
Other Revenue	-0	-0	-0	-0	-0	-
Revenue	447,182	435,798	421,367	438,188	359,795	294,984
Revenue Growth (YoY)	4.60%	3.43%	-3.84%	21.79%	21.97%	18.00%
Cost of Revenue	360,620	336,268	320,569	330,541	275,525	227,315
Gross Profit	86,562	99,530	100,798	107,647	84,270	67,669
Selling, General & Admin	24,124	24,156	20,980	19,720	17,381	15,637
Research & Development	17,297	15,212	12,067	10,353	9,155	8,573
Amortization of Goodwill & Intangibles	6.03	5.24	5.59	2.77	2.31	-
Other Operating Expenses	567.31	568.63	438.1	387.05	312.5	318.88
Operating Expenses	42,342	39,584	33,559	30,632	27,115	24,785
Operating Income	44,220	59,946	67,239	77,016	57,155	42,884
Interest Expense	-7.6	-2	-2.67	-77.11	-4.36	-114.12
Interest & Investment Income	1,660	1,506	1,336	451.59	454.4	368.28
Earnings From Equity Investments	2,163	-7,307	4,687	7,686	9,927	16,658
Currency Exchange Gain (Loss)	1,748	3,626	203.6	730.02	1,539	-892.53
Other Non Operating Income (Expenses)	3,415	2,666	2,499	2,154	2,037	3,259
EBT Excluding Unusual Items	53,198	60,434	75,961	87,959	71,107	62,163
Gain (Loss) on Sale of Investments	-	-	-	-0.35	-108.85	-0.36
Gain (Loss) on Sale of Assets	16.84	34.17	37.98	-16.19	-125.44	92.32
Asset Writedown	-58.37	1.78	134.92	-117.18	395.69	244.29
Pretax Income	53,156	60,470	76,134	87,825	71,268	62,499
Income Tax Expense	8,895	9,921	15,118	15,610	13,525	10,651
Earnings From Continuing Operations	44,261	50,549	61,016	72,216	57,743	51,848
Net Income to Company	44,261	50,549	61,016	72,216	57,743	51,848
Net Income	44,261	50,549	61,016	72,216	57,743	51,848
Net Income to Common	44,261	50,549	61,016	72,216	57,743	51,848
Net Income Growth	-16.10%	-17.15%	-15.51%	25.06%	11.37%	66.59%
Shares Outstanding (Basic)	5	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5	5
Shares Change (YoY)	-1.70%	-1.94%	-2.41%	-1.31%	-0.80%	-0.99%
EPS (Basic)	9565.05	10789.62	12771.11	14751.67	11641.29	10369.34
EPS (Diluted)	9565.05	10789.62	12771.11	14751.67	11641.29	10369.34
EPS Growth	-14.65%	-15.52%	-13.43%	26.72%	12.27%	68.26%
Free Cash Flow	11,818	29,980	37,661	29,374	25,629	12,409
Free Cash Flow Per Share	2553.98	6399.13	7882.69	6000.22	5167.04	2481.67
Dividend Per Share	2000.000	2000.000	-	-	-	-
Gross Margin	19.36%	22.84%	23.92%	24.57%	23.42%	22.94%
Operating Margin	9.89%	13.76%	15.96%	17.58%	15.88%	14.54%
Profit Margin	9.90%	11.60%	14.48%	16.48%	16.05%	17.58%
Free Cash Flow Margin	2.64%	6.88%	8.94%	6.70%	7.12%	4.21%
EBITDA	83,711	93,087	97,758	104,396	81,257	61,166
EBITDA Margin	18.72%	21.36%	23.20%	23.82%	22.58%	20.73%
D&A For EBITDA	39,492	33,141	30,520	27,380	24,102	18,282
EBIT	44,220	59,946	67,239	77,016	57,155	42,884
EBIT Margin	9.89%	13.76%	15.96%	17.58%	15.88%	14.54%
Effective Tax Rate	16.73%	16.41%	19.86%	17.77%	18.98%	17.04%
Advertising Expenses	-	73.23	109.78	56.18	16.38	35.07

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