COWAY 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	2015 - 2019
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	2015 - 2019
Operating Revenue	4,813,905	4,310,142	3,966,520	3,856,133	3,664,260	3,237,411	Upgrade
Other Revenue	-	-	-0	-0	-	-	Upgrade
Revenue	4,813,905	4,310,142	3,966,520	3,856,133	3,664,260	3,237,411	Upgrade
Revenue Growth (YoY)	14.92%	8.66%	2.86%	5.24%	13.18%	7.24%	Upgrade
Cost of Revenue	1,719,109	1,532,272	1,403,642	1,375,783	1,279,731	1,048,218	Upgrade
Gross Profit	3,094,796	2,777,869	2,562,878	2,480,350	2,384,528	2,189,194	Upgrade
Selling, General & Admin	1,868,618	1,662,668	1,507,694	1,511,944	1,440,519	1,223,673	Upgrade
Research & Development	13,532	11,379	9,107	9,603	12,209	6,303	Upgrade
Amortization of Goodwill & Intangibles	7,979	7,711	8,677	8,302	7,536	8,408	Upgrade
Other Operating Expenses	5,245	5,211	5,669	5,158	5,508	4,187	Upgrade
Operating Expenses	2,214,389	1,982,496	1,831,623	1,802,971	1,744,309	1,582,755	Upgrade
Operating Income	880,407	795,374	731,255	677,379	640,219	606,439	Upgrade
Interest Expense	-70,902	-62,704	-54,273	-33,055	-17,876	-21,204	Upgrade
Interest & Investment Income	4,713	5,816	5,783	3,490	1,015	1,192	Upgrade
Currency Exchange Gain (Loss)	21,734	61,015	-5,027	7,331	28,366	-20,971	Upgrade
Other Non Operating Income (Expenses)	15,254	12,350	11,539	36,007	13,894	-5,827	Upgrade
EBT Excluding Unusual Items	851,205	811,851	689,277	691,152	665,618	559,629	Upgrade
Gain (Loss) on Sale of Investments	-15,683	-8,411	-5,786	-5,594	-4,700	16.18	Upgrade
Asset Writedown	-22,500	-19,437	-22,927	-2,250	-2,366	-19,266	Upgrade
Pretax Income	813,023	784,002	660,563	683,308	658,552	540,379	Upgrade
Income Tax Expense	238,591	218,550	189,552	225,512	193,066	135,668	Upgrade
Earnings From Continuing Operations	574,432	565,452	471,011	457,796	465,486	404,711	Upgrade
Minority Interest in Earnings	210.65	147.84	290.03	379.37	171.79	180.77	Upgrade
Net Income	574,642	565,600	471,301	458,175	465,658	404,892	Upgrade
Net Income to Common	574,642	565,600	471,301	458,175	465,658	404,892	Upgrade
Net Income Growth	2.04%	20.01%	2.86%	-1.61%	15.01%	21.61%	Upgrade
Shares Outstanding (Basic)	72	72	73	73	73	73	Upgrade
Shares Outstanding (Diluted)	72	72	73	73	73	73	Upgrade
Shares Change (YoY)	-0.67%	-0.59%	0.00%	0.01%	0.05%	0.27%	Upgrade
EPS (Basic)	8001.61	7840.72	6494.99	6314.26	6417.94	5584.39	Upgrade
EPS (Diluted)	8001.61	7840.72	6494.99	6314.00	6417.94	5583.00	Upgrade
EPS Growth	2.73%	20.72%	2.87%	-1.62%	14.95%	21.29%	Upgrade
Free Cash Flow	-184,406	92,935	193,101	-105,220	55,717	237,634	Upgrade
Free Cash Flow Per Share	-2567.76	1288.33	2661.12	-1450.07	767.89	3276.71	Upgrade
Dividend Per Share	2630.000	2630.000	1350.000	1300.000	1250.000	1200.000	Upgrade
Dividend Growth	94.81%	94.81%	3.85%	4.00%	4.17%	-66.67%	Upgrade
Gross Margin	64.29%	64.45%	64.61%	64.32%	65.08%	67.62%	Upgrade
Operating Margin	18.29%	18.45%	18.44%	17.57%	17.47%	18.73%	Upgrade
Profit Margin	11.94%	13.12%	11.88%	11.88%	12.71%	12.51%	Upgrade
Free Cash Flow Margin	-3.83%	2.16%	4.87%	-2.73%	1.52%	7.34%	Upgrade
EBITDA	1,298,974	1,219,174	1,169,491	1,160,256	1,162,757	1,149,732	Upgrade
EBITDA Margin	26.98%	28.29%	29.48%	30.09%	31.73%	35.51%	Upgrade
D&A For EBITDA	418,567	423,800	438,236	482,878	522,538	543,293	Upgrade
EBIT	880,407	795,374	731,255	677,379	640,219	606,439	Upgrade
EBIT Margin	18.29%	18.45%	18.44%	17.57%	17.47%	18.73%	Upgrade
Effective Tax Rate	29.35%	27.88%	28.70%	33.00%	29.32%	25.11%	Upgrade
Advertising Expenses	-	192,788	174,782	185,503	186,530	124,421	Upgrade

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