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

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