NAVER 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
Revenue	12,489,285	12,035,007	10,737,719	9,670,644	8,220,079	6,817,600
Revenue Growth (YoY)	13.55%	12.08%	11.03%	17.65%	20.57%	28.53%
Gross Profit	12,489,285	12,035,007	10,737,719	9,670,644	8,220,079	6,817,600
Selling, General & Admin	9,457,480	9,039,658	8,053,650	7,566,513	6,329,446	5,043,686
Amortization of Goodwill & Intangibles	65,259	65,259	64,936	54,327	42,275	21,181
Other Operating Expenses	41,912	41,912	31,290	32,971	25,060	14,991
Operating Expenses	10,244,691	9,826,869	8,758,456	8,181,823	6,915,414	5,492,122
Operating Income	2,244,594	2,208,138	1,979,263	1,488,820	1,304,664	1,325,478
Interest Expense	-108,717	-108,717	-104,881	-127,078	-71,692	-45,166
Interest & Investment Income	247,892	246,865	194,013	136,803	107,048	88,741
Earnings From Equity Investments	324,320	453,195	565,171	244,308	10,102	531,623
Currency Exchange Gain (Loss)	3,472	3,472	-147,025	-42,724	-79,093	-26,113
Other Non Operating Income (Expenses)	-49,074	46,145	-12,761	22,092	-254,497	-239,308
EBT Excluding Unusual Items	2,662,487	2,849,098	2,473,780	1,722,221	1,016,532	1,635,255
Gain (Loss) on Sale of Investments	-9,603	-9,603	-6,712	-210,367	-122,287	488,466
Gain (Loss) on Sale of Assets	4,726	4,726	5,317	3,764	203,243	2,678
Asset Writedown	-424,077	-424,077	-150,200	-34,222	-13,771	-
Pretax Income	2,233,532	2,420,143	2,322,184	1,481,396	1,083,717	2,126,400
Income Tax Expense	547,426	601,397	390,208	496,379	410,537	648,669
Earnings From Continuing Operations	1,686,107	1,818,746	1,931,976	985,018	673,180	1,477,731
Earnings From Discontinued Operations	-	-	-	-	-	14,999,895
Net Income to Company	1,686,107	1,818,746	1,931,976	985,018	673,180	16,477,626
Minority Interest in Earnings	127,593	134,468	-8,739	27,304	87,081	12,224
Net Income	1,813,700	1,953,215	1,923,237	1,012,322	760,261	16,489,850
Preferred Dividends & Other Adjustments	20,674	20,674	10,337	10,353	10,361	10.35
Net Income to Common	1,793,026	1,932,541	1,912,900	1,001,969	749,900	16,489,839
Net Income Growth	-1.30%	1.56%	89.98%	33.15%	-95.39%	1545.55%
Shares Outstanding (Basic)	149	149	151	150	150	149
Shares Outstanding (Diluted)	150	150	151	151	150	150
Shares Change (YoY)	-0.92%	-0.58%	0.10%	0.29%	0.28%	2.37%
EPS (Basic)	12040.56	12940.08	12702.40	6660.80	5007.21	110923.66
EPS (Diluted)	12008.58	12907.30	12553.45	6576.30	4985.00	109883.57
EPS Growth	0.28%	2.82%	90.89%	31.92%	-95.46%	1796.91%
Free Cash Flow	1,531,158	1,861,057	2,035,877	1,361,610	752,657	625,963
Free Cash Flow Per Share	10224.74	12396.11	13482.39	9026.04	5003.76	4172.97
Dividend Per Share	2630.000	2630.000	1130.000	790.000	914.000	511.000
Dividend Growth	132.74%	132.74%	43.04%	-13.57%	78.86%	27.11%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	17.97%	18.35%	18.43%	15.39%	15.87%	19.44%
Profit Margin	14.36%	16.06%	17.82%	10.36%	9.12%	241.87%
Free Cash Flow Margin	12.26%	15.46%	18.96%	14.08%	9.16%	9.18%
EBITDA	3,007,838	2,953,437	2,652,779	2,071,160	1,865,573	1,758,923
EBITDA Margin	24.08%	24.54%	24.70%	21.42%	22.70%	25.80%
D&A For EBITDA	763,244	745,298	673,516	582,339	560,909	433,445
EBIT	2,244,594	2,208,138	1,979,263	1,488,820	1,304,664	1,325,478
EBIT Margin	17.97%	18.35%	18.43%	15.39%	15.87%	19.44%
Effective Tax Rate	24.51%	24.85%	16.80%	33.51%	37.88%	30.50%
Advertising Expenses	-	1,920,299	1,599,360	1,479,802	1,300,591	1,071,730