Seoul Broadcasting System 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	944,473	1,046,651	996,764	1,173,782	1,049,035	860,343
Other Revenue	-0	-	-	-	-	-
Revenue	944,473	1,046,651	996,764	1,173,782	1,049,035	860,343
Revenue Growth (YoY)	-13.00%	5.00%	-15.08%	11.89%	21.93%	5.22%
Cost of Revenue	766,123	888,745	778,381	806,277	703,688	638,562
Gross Profit	178,351	157,906	218,383	367,504	345,346	221,781
Selling, General & Admin	126,519	143,653	130,406	151,219	148,290	130,272
Research & Development	3,218	3,422	3,262	3,424	3,169	2,875
Amortization of Goodwill & Intangibles	3,559	3,582	3,129	1,171	237.6	824.09
Other Operating Expenses	11,808	13,287	16,354	21,065	17,180	8,360
Operating Expenses	157,240	177,692	158,640	180,722	173,921	146,854
Operating Income	21,111	-19,786	59,743	186,783	171,425	74,927
Interest Expense	-17,771	-17,859	-6,689	-5,651	-5,402	-6,598
Interest & Investment Income	12,094	15,040	12,747	10,563	5,704	4,972
Earnings From Equity Investments	-2,155	212.66	2,634	6,859	13,119	-3,400
Currency Exchange Gain (Loss)	1,639	4,391	341.11	-253.3	2,395	-2,870
Other Non Operating Income (Expenses)	30,818	49,919	-5,821	-21,040	-15,860	5,048
EBT Excluding Unusual Items	45,737	31,918	62,955	177,260	171,381	72,079
Gain (Loss) on Sale of Investments	2,099	699.37	4,313	3,003	11,597	13,648
Gain (Loss) on Sale of Assets	8,484	974.23	3,834	3,121	3,757	-496.34
Asset Writedown	-17,542	-14,163	-9,535	-5,826	-7,202	-150,886
Pretax Income	38,778	19,429	61,567	177,558	179,533	-65,656
Income Tax Expense	-7,748	-14,349	14,352	41,192	44,040	-7,865
Earnings From Continuing Operations	46,527	33,778	47,215	136,366	135,493	-57,791
Earnings From Discontinued Operations	-	-	-	20,189	9,331	-
Net Income to Company	46,527	33,778	47,215	156,555	144,824	-57,791
Minority Interest in Earnings	69.21	64.52	-901.94	-4,019	-8,741	-5,344
Net Income	46,596	33,843	46,313	152,536	136,083	-63,135
Net Income to Common	46,596	33,843	46,313	152,536	136,083	-63,135
Net Income Growth	4011.37%	-26.93%	-69.64%	12.09%	-	-
Shares Outstanding (Basic)	19	19	18	18	18	18
Shares Outstanding (Diluted)	19	19	18	18	18	18
Shares Change (YoY)	0.99%	4.66%	0.19%	-	-	-
EPS (Basic)	2512.12	1824.58	2613.16	8622.70	7692.62	-3568.95
EPS (Diluted)	2511.58	1824.58	2613.16	8622.70	7692.62	-3568.95
EPS Growth	3970.23%	-30.18%	-69.69%	12.09%	-	-
Free Cash Flow	59,509	-15,717	-1,488	-92,353	125,287	58,014
Free Cash Flow Per Share	3208.31	-847.35	-83.98	-5220.60	7082.32	3279.47
Dividend Per Share	-	-	-	1000.000	-	150.000
Gross Margin	18.88%	15.09%	21.91%	31.31%	32.92%	25.78%
Operating Margin	2.23%	-1.89%	5.99%	15.91%	16.34%	8.71%
Profit Margin	4.93%	3.23%	4.65%	13.00%	12.97%	-7.34%
Free Cash Flow Margin	6.30%	-1.50%	-0.15%	-7.87%	11.94%	6.74%
EBITDA	59,086	17,563	89,425	214,254	197,152	102,114
EBITDA Margin	6.26%	1.68%	8.97%	18.25%	18.79%	11.87%
D&A For EBITDA	37,975	37,348	29,683	27,471	25,727	27,187
EBIT	21,111	-19,786	59,743	186,783	171,425	74,927
EBIT Margin	2.23%	-1.89%	5.99%	15.91%	16.34%	8.71%
Effective Tax Rate	-	-	23.31%	23.20%	24.53%	-
Advertising Expenses	-	2,058	2,094	2,052	1,302	752.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.