Kiwoom Securities Co., Ltd. (KRX:039490)

Kiwoom Securities 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	1,933,368	1,893,029	1,873,031	1,307,053	882,850	749,977
Total Interest Expense	1,089,815	1,087,790	1,030,087	525,103	226,931	222,450
Net Interest Income	843,554	805,240	842,944	781,950	655,919	527,527
Brokerage Commission	966,247	929,400	854,133	865,767	1,105,676	809,686
Asset Management Fee	19,881	19,557	20,689	18,165	19,547	16,812
Underwriting & Investment Banking Fee	23,652	32,539	21,223	21,906	41,757	37,305
Gain on Sale of Investments (Rev)	1,285,027	1,318,738	1,551,302	604,107	1,010,928	1,153,387
Other Revenue	6,528,127	5,650,831	4,139,043	4,821,863	2,226,728	1,426,176
Revenue Before Loan Losses	9,666,486	8,756,305	7,429,333	7,113,757	5,060,555	3,970,894
Provision for Loan Losses	-13,861	5,709	526,948	5,973	273.75	7,387
Revenue	9,680,347	8,750,596	6,902,386	7,107,784	5,060,281	3,963,507
Revenue Growth (YoY)	50.00%	26.78%	-2.89%	40.46%	27.67%	80.25%
Salaries & Employee Benefits	285,767	271,215	195,938	222,871	226,128	181,900
Cost of Services Provided	622,601	610,139	578,575	555,787	612,390	449,626
Other Operating Expenses	5,798,505	4,846,952	3,615,037	4,016,330	2,144,226	1,234,188
Total Operating Expenses	6,761,633	5,778,421	4,428,092	4,830,365	3,013,010	1,889,508
Operating Income	2,918,714	2,972,175	2,474,293	2,277,419	2,047,271	2,073,999
Currency Exchange Gains	-38,124	-88,895	686.26	146,010	112,406	-17,148
Other Non-Operating Income (Expenses)	-358,810	-361,524	-756,938	-157,066	-267,539	-294,722
EBT Excluding Unusual Items	2,513,819	2,516,071	1,735,182	2,283,500	1,920,243	1,768,481
Gain (Loss) on Sale of Investments	-1,429,832	-1,420,299	-1,151,388	-1,603,552	-685,803	-784,582
Pretax Income	1,080,498	1,092,283	585,057	680,169	1,234,318	983,934
Income Tax Expense	254,845	257,399	144,320	171,998	324,146	277,777
Earnings From Continuing Ops.	825,653	834,883	440,737	508,170	910,173	706,157
Minority Interest in Earnings	-774.47	164.08	-4,456	-844.21	-6,458	-2,785
Net Income	824,878	835,047	436,281	507,326	903,715	703,371
Preferred Dividends & Other Adjustments	106,291	82,772	-	-	-	-
Net Income to Common	718,587	752,275	436,281	507,326	903,715	703,371
Net Income Growth	111.37%	91.40%	-14.00%	-43.86%	28.48%	93.88%
Shares Outstanding (Basic)	27	27	27	28	27	25
Shares Outstanding (Diluted)	30	30	29	31	30	28
Shares Change (YoY)	2.47%	2.40%	-6.56%	2.18%	10.01%	3.98%
EPS (Basic)	26858.65	27989.94	16226.60	18164.29	33429.68	28243.44
EPS (Diluted)	26858.65	27989.94	14889.00	16478.00	28546.00	27314.00
EPS Growth	98.24%	87.99%	-9.64%	-42.28%	4.51%	124.02%
Free Cash Flow	-5,443,509	-4,993,476	-2,157,158	-2,021,312	-3,544,000	-1,436,719
Free Cash Flow Per Share	-184072.35	-168159.42	-74390.00	-65132.87	-116686.86	-52040.21
Dividend Per Share	7500.000	7500.000	3000.000	3000.000	-	3000.000
Dividend Growth	150.00%	150.00%	-	-	-	50.00%
Operating Margin	30.15%	33.97%	35.85%	32.04%	40.46%	52.33%
Profit Margin	7.42%	8.60%	6.32%	7.14%	17.86%	17.75%
Free Cash Flow Margin	-56.23%	-57.06%	-31.25%	-28.44%	-70.04%	-36.25%
Effective Tax Rate	23.59%	23.57%	24.67%	25.29%	26.26%	28.23%

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