Miwon Holdings Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	492,718	476,576	443,162	499,293	421,386
Revenue Growth (YoY)	3.39%	7.54%	-11.24%	18.49%	45.82%
Cost of Revenue	434,166	416,905	395,799	444,114	361,951
Gross Profit	58,552	59,671	47,363	55,180	59,435
Selling, General & Admin	35,646	34,435	30,160	30,220	27,175
Research & Development	912.23	858.74	714.94	644.9	702.16
Amortization of Goodwill & Intangibles	43.84	29.37	26.12	48.63	68.81
Other Operating Expenses	569.71	495.34	463.61	484.2	477.53
Operating Expenses	38,206	36,637	31,799	32,339	29,711
Operating Income	20,346	23,033	15,564	22,841	29,724
Interest Expense	-4,117	-4,937	-4,849	-3,166	-1,650
Interest & Investment Income	181.16	153.3	105.24	236.71	136.42
Earnings From Equity Investments	19,546	15,087	5,582	4,340	23,172
Currency Exchange Gain (Loss)	-203.81	502	-30.47	342.18	576.03
Other Non Operating Income (Expenses)	194.11	560.51	218.73	459.25	437.37
EBT Excluding Unusual Items	35,946	34,399	16,591	25,054	52,396
Gain (Loss) on Sale of Investments	-	-	-	-	-10.57
Gain (Loss) on Sale of Assets	71.85	10.58	-0.73	5.12	-411.46
Asset Writedown	-	-	-	-23.1	-
Pretax Income	36,017	34,410	16,590	25,036	51,974
Income Tax Expense	5,579	5,166	-446.99	-1,567	11,742
Earnings From Continuing Operations	30,439	29,244	17,037	26,602	40,232
Net Income to Company	30,439	29,244	17,037	26,602	40,232
Minority Interest in Earnings	-4,268	-3,992	-3,822	-6,422	-7,096
Net Income	26,170	25,251	13,215	20,181	33,137
Net Income to Common	26,170	25,251	13,215	20,181	33,137
Net Income Growth	3.64%	91.07%	-34.51%	-39.10%	88.75%
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change (YoY)	0.01%	-0.00%	0.01%	-0.04%	-0.30%
EPS (Basic)	11302.00	10906.00	5707.52	8716.70	14307.67
EPS (Diluted)	11302.00	10906.00	5707.52	8716.70	14307.67
EPS Growth	3.63%	91.08%	-34.52%	-39.08%	89.33%
Free Cash Flow	26,262	8,307	2,867	-3,504	16,685
Free Cash Flow Per Share	11341.63	3587.88	1238.13	-1513.55	7204.41
Dividend Per Share	-	-	700.000	700.000	500.000
Dividend Growth	-	-	-	40.00%	-
Gross Margin	11.88%	12.52%	10.69%	11.05%	14.11%
Operating Margin	4.13%	4.83%	3.51%	4.58%	7.05%
Profit Margin	5.31%	5.30%	2.98%	4.04%	7.86%
Free Cash Flow Margin	5.33%	1.74%	0.65%	-0.70%	3.96%
EBITDA	29,444	31,753	23,120	28,815	35,824
EBITDA Margin	5.98%	6.66%	5.22%	5.77%	8.50%
D&A For EBITDA	9,099	8,720	7,556	5,974	6,100
EBIT	20,346	23,033	15,564	22,841	29,724
EBIT Margin	4.13%	4.83%	3.51%	4.58%	7.05%
Effective Tax Rate	15.49%	15.01%	-	-	22.59%
Advertising Expenses	206.8	297.3	163.78	58.55	30.66

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