Miwon Commercial 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	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	441,138	435,798	421,367	438,188	359,795
Other Revenue	-	-0	-0	-0	-0
Revenue	441,138	435,798	421,367	438,188	359,795
Revenue Growth (YoY)	1.23%	3.43%	-3.84%	21.79%	21.97%
Cost of Revenue	356,217	336,268	320,569	330,541	275,525
Gross Profit	84,920	99,530	100,798	107,647	84,270
Selling, General & Admin	23,105	24,156	20,980	19,720	17,381
Research & Development	17,320	15,212	12,067	10,353	9,155
Amortization of Goodwill & Intangibles	6.28	5.24	5.59	2.77	2.31
Other Operating Expenses	544.4	568.63	438.1	387.05	312.5
Operating Expenses	41,313	39,584	33,559	30,632	27,115
Operating Income	43,608	59,946	67,239	77,016	57,155
Interest Expense	-9.07	-2	-2.67	-77.11	-4.36
Interest & Investment Income	1,626	1,506	1,336	451.59	454.4
Earnings From Equity Investments	2,577	-7,307	4,687	7,686	9,927
Currency Exchange Gain (Loss)	-681.93	3,626	203.6	730.02	1,539
Other Non Operating Income (Expenses)	4,425	2,666	2,499	2,154	2,037
EBT Excluding Unusual Items	51,545	60,434	75,961	87,959	71,107
Gain (Loss) on Sale of Investments	-	-	-	-0.35	-108.85
Gain (Loss) on Sale of Assets	7.87	34.17	37.98	-16.19	-125.44
Asset Writedown	-61.04	1.78	134.92	-117.18	395.69
Pretax Income	51,492	60,470	76,134	87,825	71,268
Income Tax Expense	7,970	9,921	15,118	15,610	13,525
Earnings From Continuing Operations	43,522	50,549	61,016	72,216	57,743
Net Income to Company	43,522	50,549	61,016	72,216	57,743
Net Income	43,522	50,549	61,016	72,216	57,743
Net Income to Common	43,522	50,549	61,016	72,216	57,743
Net Income Growth	-13.90%	-17.15%	-15.51%	25.06%	11.37%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
Shares Change (YoY)	-1.68%	-1.94%	-2.41%	-1.31%	-0.80%
EPS (Basic)	9449.00	10790.00	12771.11	14751.67	11641.29
EPS (Diluted)	9449.00	10790.00	12771.11	14751.67	11641.29
EPS Growth	-12.43%	-15.51%	-13.43%	26.72%	12.27%
Free Cash Flow	19,470	29,980	37,661	29,374	25,629
Free Cash Flow Per Share	4227.23	6399.35	7882.69	6000.22	5167.04
Gross Margin	19.25%	22.84%	23.92%	24.57%	23.42%
Operating Margin	9.88%	13.76%	15.96%	17.58%	15.88%
Profit Margin	9.87%	11.60%	14.48%	16.48%	16.05%
Free Cash Flow Margin	4.41%	6.88%	8.94%	6.70%	7.12%
EBITDA	84,322	93,087	97,758	104,396	81,257
EBITDA Margin	19.11%	21.36%	23.20%	23.82%	22.58%
D&A For EBITDA	40,714	33,141	30,520	27,380	24,102
EBIT	43,608	59,946	67,239	77,016	57,155
EBIT Margin	9.88%	13.76%	15.96%	17.58%	15.88%
Effective Tax Rate	15.48%	16.41%	19.86%	17.77%	18.98%
Advertising Expenses	130.05	73.23	109.78	56.18	16.38

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.