Miwon Commercial Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	450,211	441,138	435,798	421,367	438,188	359,795
Other Revenue	-0	-	-0	-0	-0	-0
Revenue	450,211	441,138	435,798	421,367	438,188	359,795
Revenue Growth	2.30%	1.23%	3.43%	-3.84%	21.79%	21.97%
Cost of Revenue	367,679	356,217	336,268	320,569	330,541	275,525
Gross Profit	82,532	84,920	99,530	100,798	107,647	84,270
Selling, General & Admin	23,256	23,105	24,156	20,980	19,720	17,381
Research & Development	18,496	17,320	15,212	12,067	10,353	9,155
Amortization of Goodwill & Intangibles	6.7	6.28	5.24	5.59	2.77	2.31
Other Operating Expenses	535.49	544.4	568.63	438.1	387.05	312.5
Operating Expenses	42,582	41,313	39,584	33,559	30,632	27,115
Operating Income	39,950	43,608	59,946	67,239	77,016	57,155
Interest Expense	-8.25	-9.07	-2	-2.67	-77.11	-4.36
Interest & Investment Income	1,577	1,626	1,506	1,336	451.59	454.4
Earnings From Equity Investments	2,655	2,577	-7,307	4,687	7,686	9,927
Currency Exchange Gain (Loss)	785.74	-681.93	3,626	203.6	730.02	1,539
Other Non Operating Income (Expenses)	4,402	4,425	2,666	2,499	2,154	2,037
EBT Excluding Unusual Items	49,362	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	-5.96	7.87	34.17	37.98	-16.19	-125.44
Asset Writedown	-61.04	-61.04	1.78	134.92	-117.18	395.69
Pretax Income	49,295	51,492	60,470	76,134	87,825	71,268
Income Tax Expense	7,849	7,970	9,921	15,118	15,610	13,525
Earnings From Continuing Operations	41,446	43,522	50,549	61,016	72,216	57,743
Net Income to Company	41,446	43,522	50,549	61,016	72,216	57,743
Net Income	41,446	43,522	50,549	61,016	72,216	57,743
Net Income to Common	41,446	43,522	50,549	61,016	72,216	57,743
Net Income Growth	-24.77%	-13.90%	-17.15%	-15.51%	25.06%	11.37%
Shares Outstanding (Basic)	5	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5	5
Shares Change	-1.94%	-1.68%	-1.94%	-2.41%	-1.31%	-0.80%
EPS (Basic)	9059.16	9448.82	10790.00	12771.11	14751.67	11641.29
EPS (Diluted)	9059.16	9448.82	10790.00	12771.11	14751.67	11641.29
EPS Growth	-23.28%	-12.43%	-15.51%	-13.43%	26.72%	12.27%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Free Cash Flow	18,731	19,470	29,980	37,661	29,374	25,629
Free Cash Flow Per Share	4094.12	4227.15	6399.35	7882.69	6000.22	5167.04
Gross Margin	18.33%	19.25%	22.84%	23.92%	24.57%	23.42%
Operating Margin	8.87%	9.88%	13.76%	15.96%	17.58%	15.88%
Profit Margin	9.21%	9.87%	11.60%	14.48%	16.48%	16.05%
Free Cash Flow Margin	4.16%	4.41%	6.88%	8.94%	6.70%	7.12%
EBITDA	80,840	84,322	93,087	97,758	104,396	81,257
EBITDA Margin	17.96%	19.11%	21.36%	23.20%	23.82%	22.58%
D&A For EBITDA	40,891	40,714	33,141	30,520	27,380	24,102
EBIT	39,950	43,608	59,946	67,239	77,016	57,155
EBIT Margin	8.87%	9.88%	13.76%	15.96%	17.58%	15.88%
Effective Tax Rate	15.92%	15.48%	16.41%	19.86%	17.77%	18.98%
Advertising Expenses	-	130.05	73.23	109.78	56.18	16.38