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	Jun '26 Jun 30, 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	469,053	441,138	435,798	421,367	438,188	359,795
Other Revenue	-	-	-0	-0	-0	-0
Revenue	469,053	441,138	435,798	421,367	438,188	359,795
Revenue Growth	6.54%	1.23%	3.43%	-3.84%	21.79%	21.97%
Cost of Revenue	375,401	356,217	336,268	320,569	330,541	275,525
Gross Profit	93,653	84,920	99,530	100,798	107,647	84,270
Selling, General & Admin	23,582	23,105	24,156	20,980	19,720	17,381
Research & Development	19,220	17,320	15,212	12,067	10,353	9,155
Amortization of Goodwill & Intangibles	7.09	6.28	5.24	5.59	2.77	2.31
Other Operating Expenses	535.33	544.4	568.63	438.1	387.05	312.5
Operating Expenses	43,743	41,313	39,584	33,559	30,632	27,115
Operating Income	49,909	43,608	59,946	67,239	77,016	57,155
Interest Expense	-43.99	-9.07	-2	-2.67	-77.11	-4.36
Interest & Investment Income	1,523	1,626	1,506	1,336	451.59	454.4
Earnings From Equity Investments	4,054	2,577	-7,307	4,687	7,686	9,927
Currency Exchange Gain (Loss)	4,104	-681.93	3,626	203.6	730.02	1,539
Other Non Operating Income (Expenses)	4,541	4,425	2,666	2,499	2,154	2,037
EBT Excluding Unusual Items	64,087	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	-7.08	7.87	34.17	37.98	-16.19	-125.44
Asset Writedown	-0.89	-61.04	1.78	134.92	-117.18	395.69
Pretax Income	64,079	51,492	60,470	76,134	87,825	71,268
Income Tax Expense	11,263	7,970	9,921	15,118	15,610	13,525
Earnings From Continuing Operations	52,816	43,522	50,549	61,016	72,216	57,743
Net Income to Company	52,816	43,522	50,549	61,016	72,216	57,743
Net Income	52,816	43,522	50,549	61,016	72,216	57,743
Net Income to Common	52,816	43,522	50,549	61,016	72,216	57,743
Net Income Growth	18.25%	-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	-2.20%	-1.69%	-1.94%	-2.41%	-1.31%	-0.80%
EPS (Basic)	11623.58	9448.82	10789.62	12771.11	14751.67	11641.29
EPS (Diluted)	11623.58	9448.82	10789.62	12771.11	14751.67	11641.29
EPS Growth	20.91%	-12.43%	-15.52%	-13.43%	26.72%	12.27%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	12,276	19,470	29,980	37,661	29,374	25,629
Free Cash Flow Per Share	2701.69	4227.15	6399.13	7882.69	6000.22	5167.04
Dividend Per Share	2400.000	2400.000	-	-	-	-
Dividend Growth	-	-	-	-	-	-
Gross Margin	19.97%	19.25%	22.84%	23.92%	24.57%	23.42%
Operating Margin	10.64%	9.88%	13.76%	15.96%	17.58%	15.88%
Profit Margin	11.26%	9.87%	11.60%	14.48%	16.48%	16.05%
Free Cash Flow Margin	2.62%	4.41%	6.88%	8.94%	6.70%	7.12%
EBITDA	91,010	84,322	93,087	97,758	104,396	81,257
EBITDA Margin	19.40%	19.11%	21.36%	23.20%	23.82%	22.58%
D&A For EBITDA	41,101	40,714	33,141	30,520	27,380	24,102
EBIT	49,909	43,608	59,946	67,239	77,016	57,155
EBIT Margin	10.64%	9.88%	13.76%	15.96%	17.58%	15.88%
Effective Tax Rate	17.58%	15.48%	16.41%	19.86%	17.77%	18.98%
Advertising Expenses	-	130.05	73.23	109.78	56.18	16.38