Dongwon Systems 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	1,373,899	1,372,874	1,334,257	1,276,651	1,436,999	1,250,882
Other Revenue	-0	-	-0	-	-	-
Revenue	1,373,899	1,372,874	1,334,257	1,276,651	1,436,999	1,250,882
Revenue Growth	0.88%	2.89%	4.51%	-11.16%	14.88%	15.98%
Cost of Revenue	1,224,191	1,223,899	1,166,399	1,123,934	1,274,319	1,095,376
Gross Profit	149,708	148,975	167,858	152,717	162,681	155,506
Selling, General & Admin	66,310	64,971	58,392	57,591	58,524	51,246
Research & Development	10,841	12,035	11,704	8,762	5,327	4,425
Amortization of Goodwill & Intangibles	3,585	4,051	4,429	4,403	4,493	4,566
Other Operating Expenses	536.55	505.32	532.04	484.33	413.22	327.71
Operating Expenses	83,061	82,819	75,954	71,866	70,842	65,509
Operating Income	66,647	66,156	91,905	80,851	91,839	89,997
Interest Expense	-18,678	-19,213	-21,849	-22,553	-15,410	-11,128
Interest & Investment Income	5,149	5,253	5,554	6,094	2,713	1,851
Earnings From Equity Investments	3,368	3,317	2,126	4,354	2,333	5,043
Currency Exchange Gain (Loss)	1,851	-737.78	6,000	1,622	696.06	2,168
Other Non Operating Income (Expenses)	303.71	1,916	-501.46	-536.93	-180.17	201.23
EBT Excluding Unusual Items	58,640	56,691	83,233	69,831	81,992	88,132
Impairment of Goodwill	-	-	-	-	-4,795	-21,480
Gain (Loss) on Sale of Investments	12,843	8,067	243.39	-34.25	662.5	585.81
Gain (Loss) on Sale of Assets	188.69	182.5	-349.29	-238.69	845.84	-1,779
Asset Writedown	-10.16	-10.16	-12.48	-	-10.35	-227.38
Pretax Income	71,662	64,930	83,115	69,558	78,695	65,232
Income Tax Expense	12,375	11,206	10,600	5,207	6,360	17,097
Earnings From Continuing Operations	59,288	53,725	72,515	64,350	72,335	48,135
Net Income to Company	59,288	53,725	72,515	64,350	72,335	48,135
Minority Interest in Earnings	-45.73	-51.82	-100.86	-149.57	1.93	-8,263
Net Income	59,242	53,673	72,414	64,201	72,337	39,871
Preferred Dividends & Other Adjustments	646.9	497.64	-	-	-	-
Net Income to Common	58,595	53,175	72,414	64,201	72,337	39,871
Net Income Growth	-13.24%	-26.57%	12.79%	-11.25%	81.42%	-22.55%
Shares Outstanding (Basic)	29	29	29	29	29	27
Shares Outstanding (Diluted)	29	29	29	29	29	27
Shares Change	-	-	-	-	10.04%	3.50%
EPS (Basic)	2002.88	1817.63	2475.24	2194.50	2472.59	1499.70
EPS (Diluted)	2002.88	1817.63	2475.24	2194.50	2472.59	1499.70
EPS Growth	-13.24%	-26.57%	12.79%	-11.25%	64.87%	-25.16%

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	98,259	69,998	79,823	72,477	117,018	9,152
Free Cash Flow Per Share	3358.65	2392.64	2728.51	2477.38	3999.89	344.22
Dividend Per Share	600.000	600.000	600.000	600.000	600.000	600.000
Dividend Growth	0%	0%	0%	0%	0%	0%
Gross Margin	10.90%	10.85%	12.58%	11.96%	11.32%	12.43%
Operating Margin	4.85%	4.82%	6.89%	6.33%	6.39%	7.20%
Profit Margin	4.26%	3.87%	5.43%	5.03%	5.03%	3.19%
Free Cash Flow Margin	7.15%	5.10%	5.98%	5.68%	8.14%	0.73%
EBITDA	159,325	158,389	182,062	159,927	170,478	158,919
EBITDA Margin	11.60%	11.54%	13.64%	12.53%	11.86%	12.71%
D&A For EBITDA	92,678	92,233	90,157	79,076	78,639	68,921
EBIT	66,647	66,156	91,905	80,851	91,839	89,997
EBIT Margin	4.85%	4.82%	6.89%	6.33%	6.39%	7.20%
Effective Tax Rate	17.27%	17.26%	12.75%	7.49%	8.08%	26.21%
Advertising Expenses	-	258.43	159.07	223.18	140.88	176.09