Miwon Holdings 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
Other Revenue	0	-	-	-	-	-
Revenue	490,722	476,576	443,162	499,293	421,386	288,971
Revenue Growth (YoY)	3.84%	7.54%	-11.24%	18.49%	45.82%	53.40%
Cost of Revenue	433,145	416,905	395,799	444,114	361,951	242,997
Gross Profit	57,577	59,671	47,363	55,180	59,435	45,975
Selling, General & Admin	34,799	34,435	30,160	30,220	27,175	21,651
Research & Development	891.59	858.74	714.94	644.9	702.16	604.11
Amortization of Goodwill & Intangibles	41.09	29.37	26.12	48.63	68.81	44.73
Other Operating Expenses	492.69	495.34	463.61	484.2	477.53	410.68
Operating Expenses	37,038	36,637	31,799	32,339	29,711	24,176
Operating Income	20,539	23,033	15,564	22,841	29,724	21,798
Interest Expense	-4,370	-4,937	-4,849	-3,166	-1,650	-1,388
Interest & Investment Income	158.35	153.3	105.24	236.71	136.42	120.9
Earnings From Equity Investments	16,366	15,087	5,582	4,340	23,172	10,505
Currency Exchange Gain (Loss)	159.59	502	-30.47	342.18	576.03	-913.2
Other Non Operating Income (Expenses)	802.02	560.51	218.73	459.25	437.37	251.47
EBT Excluding Unusual Items	33,655	34,399	16,591	25,054	52,396	30,374
Gain (Loss) on Sale of Investments	-0.13	-	-	-	-10.57	-
Gain (Loss) on Sale of Assets	55.58	10.58	-0.73	5.12	-411.46	-70.71
Asset Writedown	-	-	-	-23.1	-	-
Pretax Income	33,710	34,410	16,590	25,036	51,974	30,303
Income Tax Expense	5,584	5,166	-446.99	-1,567	11,742	6,630
Earnings From Continuing Operations	28,126	29,244	17,037	26,602	40,232	23,673
Net Income to Company	28,126	29,244	17,037	26,602	40,232	23,673
Minority Interest in Earnings	-4,003	-3,992	-3,822	-6,422	-7,096	-6,118
Net Income	24,123	25,251	13,215	20,181	33,137	17,556
Net Income to Common	24,123	25,251	13,215	20,181	33,137	17,556
Net Income Growth	-14.05%	91.07%	-34.51%	-39.10%	88.75%	14.24%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	0.01%	-	0.01%	-0.04%	-0.30%	-0.38%
EPS (Basic)	10418.14	10905.64	5707.52	8716.70	14307.67	7557.19
EPS (Diluted)	10418.14	10905.64	5707.52	8716.70	14307.67	7557.19
EPS Growth	-14.06%	91.07%	-34.52%	-39.08%	89.33%	14.67%
Free Cash Flow	11,948	8,307	2,867	-3,504	16,685	21,765
Free Cash Flow Per Share	5159.83	3587.76	1238.13	-1513.55	7204.41	9369.31
Dividend Per Share	700.000	700.000	700.000	700.000	500.000	500.000
Dividend Growth	-	-	-	40.00%	-	25.00%
Gross Margin	11.73%	12.52%	10.69%	11.05%	14.11%	15.91%
Operating Margin	4.18%	4.83%	3.51%	4.58%	7.05%	7.54%
Profit Margin	4.92%	5.30%	2.98%	4.04%	7.86%	6.08%
Free Cash Flow Margin	2.44%	1.74%	0.65%	-0.70%	3.96%	7.53%
EBITDA	29,523	31,753	23,120	28,815	35,824	28,604
EBITDA Margin	6.02%	6.66%	5.22%	5.77%	8.50%	9.90%
D&A For EBITDA	8,984	8,720	7,556	5,974	6,100	6,805
EBIT	20,539	23,033	15,564	22,841	29,724	21,798
EBIT Margin	4.18%	4.83%	3.51%	4.58%	7.05%	7.54%
Effective Tax Rate	16.56%	15.01%	-	-	22.59%	21.88%
Advertising Expenses	-	297.3	163.78	58.55	30.66	46.15

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