COWAY Co., Ltd. (KRX:021240)

COWAY Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,659,841	4,310,142	3,966,520	3,856,133	3,664,260	3,237,411
Other Revenue	-	-	-0	-0	-	-
Revenue	4,659,841	4,310,142	3,966,520	3,856,133	3,664,260	3,237,411
Revenue Growth (YoY)	13.76%	8.66%	2.86%	5.24%	13.18%	7.24%
Cost of Revenue	1,665,448	1,532,272	1,403,642	1,375,783	1,279,731	1,048,218
Gross Profit	2,994,393	2,777,869	2,562,878	2,480,350	2,384,528	2,189,194
Selling, General & Admin	1,810,173	1,662,668	1,507,694	1,511,944	1,440,519	1,223,673
Research & Development	12,315	11,379	9,107	9,603	12,209	6,303
Other Operating Expenses	5,166	5,211	5,669	5,158	5,508	4,187
Operating Expenses	2,149,993	1,982,496	1,831,623	1,802,971	1,744,309	1,582,755
Operating Income	844,400	795,374	731,255	677,379	640,219	606,439
Interest Expense	-67,727	-62,704	-54,273	-33,055	-17,876	-21,204
Interest & Investment Income	4,583	5,816	5,783	3,490	1,015	1,192
Currency Exchange Gain (Loss)	43,394	61,015	-5,027	7,331	28,366	-20,971
Other Non Operating Income (Expenses)	13,289	12,350	11,539	36,007	13,894	-5,827
EBT Excluding Unusual Items	837,939	811,851	689,277	691,152	665,618	559,629
Gain (Loss) on Sale of Investments	-16,145	-8,411	-5,786	-5,594	-4,700	16.18
Asset Writedown	-21,645	-19,437	-22,927	-2,250	-2,366	-19,266
Pretax Income	800,149	784,002	660,563	683,308	658,552	540,379
Income Tax Expense	222,197	218,550	189,552	225,512	193,066	135,668
Earnings From Continuing Operations	577,952	565,452	471,011	457,796	465,486	404,711
Minority Interest in Earnings	199.62	147.84	290.03	379.37	171.79	180.77
Net Income	578,151	565,600	471,301	458,175	465,658	404,892
Net Income to Common	578,151	565,600	471,301	458,175	465,658	404,892
Net Income Growth	11.04%	20.01%	2.86%	-1.61%	15.01%	21.61%
Shares Outstanding (Basic)	72	72	73	73	73	73
Shares Outstanding (Diluted)	72	72	73	73	73	73
Shares Change (YoY)	-0.78%	-0.59%	0.00%	0.01%	0.05%	0.27%
EPS (Basic)	8040.85	7840.72	6494.99	6314.26	6417.94	5584.39
EPS (Diluted)	8040.85	7840.72	6494.99	6314.00	6417.94	5583.00
EPS Growth	11.91%	20.72%	2.87%	-1.62%	14.95%	21.29%
Free Cash Flow	-101,204	92,935	193,101	-105,220	55,717	237,634
Free Cash Flow Per Share	-1407.54	1288.33	2661.12	-1450.07	767.89	3276.71
Dividend Per Share	2630.000	2630.000	1350.000	1300.000	1250.000	1200.000
Dividend Growth	94.81%	94.81%	3.85%	4.00%	4.17%	-66.67%
Gross Margin	64.26%	64.45%	64.61%	64.32%	65.08%	67.62%
Operating Margin	18.12%	18.45%	18.44%	17.57%	17.47%	18.73%
Profit Margin	12.41%	13.12%	11.88%	11.88%	12.71%	12.51%
Free Cash Flow Margin	-2.17%	2.16%	4.87%	-2.73%	1.52%	7.34%
EBITDA	1,267,057	1,219,174	1,169,491	1,160,256	1,162,757	1,149,732
EBITDA Margin	27.19%	28.29%	29.48%	30.09%	31.73%	35.51%
D&A For EBITDA	422,657	423,800	438,236	482,878	522,538	543,293
EBIT	844,400	795,374	731,255	677,379	640,219	606,439
EBIT Margin	18.12%	18.45%	18.44%	17.57%	17.47%	18.73%
Effective Tax Rate	27.77%	27.88%	28.70%	33.00%	29.32%	25.11%
Advertising Expenses	-	192,788	174,782	185,503	186,530	124,421

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